Updated 30 September 2026
Foreign buyers at Persa Place
Vietnam’s Housing Law allows foreigners to own apartments in commercial housing projects, but each project needs its own approval. For Persa Place, this approval had not been confirmed as of the update date. This page explains what to check.
General rules
- Housing Law 2023: foreign individuals permitted to enter Vietnam may own housing in commercial housing projects, except in areas reserved for national defence and security.
- Foreign ownership may not exceed 30% of the apartments in one building.
- Ownership lasts up to 50 years from the issue of the certificate and may be extended once, for up to another 50 years, on request (Article 20(2)(c), Housing Law No. 27/2023/QH15).
The Persa Place condition
Notice 3968/SXD-QLN&TTBĐS dated 17 April 2026 requires the developer to consult and obtain approval from the competent authorities (provincial, defence and security) before selling or lease-purchasing to foreign organisations or individuals.
As of the update date, Happy Land has no separate foreign-ownership approval or remaining-quota figure for the building. The developer’s website mentions 50-year ownership for foreigners, but that does not confirm available quota.
The 30% figure is a legal ceiling; it does not mean the building still has 30% of its units available to foreigners.
Check before paying a deposit
- The project’s foreign-ownership approval and the remaining quota in the building.
- Whether the specific unit can be sold to a foreigner.
- A valid passport and entry stamp or visa for the buyer.
- For a resale: whether the seller and developer accept a transfer to a foreign buyer.
- Overseas Vietnamese: conditions differ depending on whether you hold Vietnamese nationality; your documents need to be checked individually.
FAQ
Frequently asked questions
Can foreigners buy at Persa Place?
Not yet confirmed. Notice 3968 requires separate approval before sales to foreigners; Happy Land must check that approval and the remaining quota before advising on a specific unit.
How long can a foreigner own an apartment?
Under the Housing Law 2023, up to 50 years from the issue of the certificate, extendable once for up to another 50 years on request (Article 20(2)(c), Housing Law No. 27/2023/QH15).
How many units at Persa Place can go to foreigners?
The general ceiling is 30% of the apartments in one building. The actual remaining quota at Persa Place has not been confirmed.
Are overseas Vietnamese treated as foreigners?
Not necessarily. Overseas Vietnamese who hold Vietnamese nationality have the same rights as domestic buyers; other cases need to be checked against your documents.
Need advice as a foreign buyer?
Happy Land advises in Vietnamese, English and Japanese. Send us your nationality and the unit type you are considering, and we will check the conditions.