Highlights of New Real Estate Business Law: Enhanced Home Buyer Protections, Reduced Dispute Risks
PolicyThe new Real Estate Business Law will enhance transparency and disclosure of project information, providing buyers with greater access to accurate and reliable data. This will strengthen consumer protection and mitigate the risk of disputes.
Land ownership for foreigners in Vietnam
PolicyThe policy on allowing foreigners to own houses associated with land in Vietnam has been studied and considered very carefully.
Overlaps in legal system create difficulties for property businesses
PolicyOverlapping legal documents are a major obstacle in need of removal to help construction and the development of housing projects.
HoREA proposes not allowing investors to run condo maintenance funds
PolicyAmendments to the Housing Law should not allow the investors of apartment building projects to manage and use the condo maintenance fund as it may cause disputes between investors and apartment owners, according to the HCMC Real Estate Association (HoREA).
Ministry’s new guideline causes difficulties for investors
PolicyThe Ministry of Construction has issued a new guideline asking enterprises to have 100% legal land use right to be designated as project investors. Experts said this is causing difficulties for real estate businesses and may block projects.
