Property News · October 16, 2019

Chinese investors make a beeline for Vietnam’s luxury real estate, until their passports run into a wall over South China Sea dispute


A territorial dispute between Hanoi and Beijing is denting Chinese investors’ demand for Vietnam’s luxury homes. Under Vietnamese law, foreign buyers are required to submit their passports to secure a document from the government to grant them ownership of a flat. Since Chinese passports depict the disputed Paracel Islands – known as Xisha in Chinese, and Hoang Sa in Vietnamese – as Chinese territory, buyers from the mainland typically encounter difficulties in securing ownership. “It’s not…

Source : South China Morning Post
Read more…Chinese investors make a beeline for Vietnam’s luxury real estate, until their passports run into a wall over South China Sea dispute

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