<!--:en-->Construction of “Vung Tau Plaza” residential buildings was completed<!--:-->

Construction of “Vung Tau Plaza” residential buildings was completed

Vung tau plaza 6

Just few days ago construction of new condominium named “Vung Tau Plaza” was completed and opened doors for all apartments’ owners as well as for potential buyers. This complex has two 26 floor towers and located on Le Hong Phong street right opposite Central Post Office and “Saigonres Tower”.

Vung tau plaza 3

Most of the apartments were purchased by their owners long time ago and some on the sale now with an average price 16 mln VND (760 USD) per 1 square meter.

For example, 94 m2 apartment on the 20 floor with a good sea view cost 79 000 USD, the same flat on the 6 floor with a view to the opposite building will cost 67 000 USD.

Vung tau plaza 4

All apartments were completed with high quality finishing materials и sanitary engineering. Flats with a bigger living space have different design and much bigger bathrooms.

Vung tau plaza 5

Now according to the Vietnamese law foreigner person can buy apartment in Vietnam for personal use if he complies the following conditions:

– Has labor contract with a local (Vietnamese) or 100% foreigner invested company registered in Vietnam at least for 1 year.

– Has temporary residence card or long term (3 and more months) business visa.

– Stay in the country more 180 days

All above mentioned requirements are not required if the foreigner married to Vietnamese citizen or he (she) has Vietnamese government awards.

Dmitry Shinkarenko
VCC

4 Responses to Construction of “Vung Tau Plaza” residential buildings was completed

  1. alex d. says:

    Which documents need to submit for foreigners who wants to by apartment in Vung Tau?

  2. Dobrov says:

    If you wish to buy apartment in Vietnam you should satisfy the following criteria:
    – have labor contract for 1 year and more with local or foreigner company registered in Vietnam
    – have temporary residence card or long term business visa
    – live in country more then 180 days
    All above mentioned conditions are not required if you are married to Vietnamese citizen or have Vietnam government awards.
    You can buy apartment for personal use only (cannot rent to someone)… its by law, but actually you can..
    You cannot sell apartment during first two years

  3. Mike Hargate says:

    I am interested in purchasing a small apartment in Vung Tau Plaza with a budget of 1 Billion USD or so?
    Regards

  4. Nikolay says:

    Mike. If you want buy apartment in Vung Tau you can send your request to indeco@mail.com
    … you say – “..with a budget of 1 Billion USD” ? With this budged you can buy all building together with Plaza..

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