Foreign sales reached assigned limitOne year after foreigners were permitted to buy houses in Vietnam, many real estate projects have reached their foreign sales limit of 30 per cent. A representative from The Nassim confirmed that the project has reached the 30 per cent cap. However, my concern with this is that it may prove difficult to control and enforce when secondary sales (and then third and fourth-hand sales) occur. This is even a bigger issue with land sales,” he said. Dung Duong, director of research and a consultant from CBRE Vietnam, said that the foreign sales cut-off has been reached in many projects, especially those which are developed by prestigious companies and progressing well.

Source: VietNamNet News September 09, 2016 03:45 UTC