Vietnam Real Estate Association proposes 99‑year limit for new condominiums

The Vietnam Real Estate Association (HoREA) submitted a proposal to amend the Housing Law, recommending that newly built condominiums be granted a maximum usage term of 99 years. The suggestion aligns with Party Resolution No. 21, mirrors international practice such as Singapore’s HDB model, and aims to ensure long‑term land‑use rights, protect owners’ assets, and promote a healthy, affordable housing market. HoREA also urged that existing owners with long‑term land‑use certificates under previous land laws retain their rights, and that the amendment be incorporated into the broader 2024 Land Law reforms.

A related video‑style report highlighted the same issue, noting that the Vietnam Real Estate Institute confirmed the principle of long‑term land ownership and warned that uncertainty over condominium lifespan could unsettle the market. Both pieces stress the need for clear legal provisions to stabilize the real‑estate sector.