IKI Village: What Foreign Buyers Should Check Before Investing in Long Phuoc Thu Duc City

Updated: October 2024

Foreign investors can legally purchase residential property at IKI Village in Long Phuoc, Thu Duc City, under a 50-year leasehold structure, which is fully renewable according to the Housing Law No. 27/2023/QH15 and Decree 95/2024/ND-CP. This content is available in English, Chinese, Taiwanese, and Korean, ensuring international investors have localized access to Vietnam's evolving regulatory landscape.

Is Long Phuoc the New Frontier for Foreign Capital?

Market interest is migrating from central districts to the eastern gateways of Ho Chi Minh City. IKI Village, developed by An Khai Hung Investment JSC, occupies a 5.1-hectare site uniquely positioned as a "green lung" between two rivers. The project emphasizes low-density living, limiting supply to 424 apartment units across two buildings: Harmonie and Vitalis. By avoiding the high-density model common in Districts 1 or 2, the development targets premium long-term rental demand.

What are the Legal Realities of Foreign Ownership at IKI Village?

Your investment rights are explicitly defined by the Housing Law 2023 and the implementation guidelines in Decree 95/2024/ND-CP.

• Tenure: Foreigners are granted a 50-year leasehold title from the date of the Sale & Purchase Agreement (SPA).
• Renewal: Under Article 177 of the Housing Law 2023, the 50-year tenure is legally renewable, allowing for continued use of the property.
• Exit Strategy: You retain the full right to lease, sell, or transfer your unit.
• Freehold Conversion: If you sell your unit to a Vietnamese citizen or a foreign-invested entity that qualifies for freehold status, the property title converts to permanent freehold. This conversion is a critical factor for boosting secondary market liquidity.

Why Do Private Gardens Impact Future Yields?

IKI Village differentiates itself with private garden spaces measuring between 25m² and 40m². With 90% of the 424 units offering direct river views and access to a 1-hectare riverside park designed by Belt Collins, the property is optimized for tenants prioritizing wellness. By providing these specific architectural amenities, the project mitigates the "standard box" saturation risks found in high-density areas like Binh Thanh.

What is the Timeline and Market Positioning?

The official market launch is scheduled for Q3 2026, with unit handovers targeted for Q1 2028. Investors entering at this phase are capitalizing on the infrastructure connectivity of Thu Duc City. Because the project inventory is strictly limited to 424 units, it avoids the massive supply gluts common in downtown high-rise clusters, creating a stronger floor for future rental yields.

FAQ for International Investors

Can I repatriate funds after a sale? Yes. You can repatriate capital and profit provided you have fulfilled all personal income tax (PIT) obligations and processed the transaction through a licensed bank account in Vietnam.

What taxes apply to foreign owners? Investors are subject to a 2% PIT on the gross sales price upon resale and a 5% tax on gross rental income. These should be deducted from your projected net yield calculations.

What happens at the end of the 50-year term? The Housing Law 2023 provides a formalized renewal process. The 50-year cap is a regulatory mechanism for quota management, not a trigger for asset forfeiture.

Sources

• Housing Law No. 27/2023/QH15: [https://thuvienphapluat.vn](https://thuvienphapluat.vn)
• Decree 95/2024/ND-CP: [https://chinhphu.vn](https://chinhphu.vn)
• Vietnam Ministry of Construction: [https://moc.gov.vn](https://moc.gov.vn)

Reviewed by: Real Estate Advisory Team, Vietnam Division.