Conditions for transferring all or a portion of a real estate project in Vietnam

Hi DMS Lawyer in Vietnam! Could you advise me about requirements to transfer all or a part of a property project in Vietnam ? Thank you!

Hi!

Conditions for transferring all or a portion of a real estate project: 

A transferred real estate project shall meet the following requirements:

The project is approved by competent agencies;

There is a specific plan 1/500 or general ground plan  which is approved;

The compensation or site clearance of the transferred project or a portion of the transferred project has been finished. Regarding transfer of all infrastructure construction projects, the technical infrastructure must be completed corresponding to the schedule specified in the approved project. The land in the project is not disputed or seized by a competent agency;

There is no decision on project or land revocation conducted by a competent agency; in case there is any violation during the progress of the project, the investor must abide by the decision on penalty.

The transferor has a Certificate of land use rights regarding all or a portion of the transferred project.

The transferee must be a real estate enterprise, acquire financial competence and commit to continue the investment, construction and business as prescribed by law, ensure progress and content of the project (Article 49 Law on Real Estate Trading No. 66/2014/QH13 dated 11/25/2014).

Related topics:

Forms of real estate trading that a 100% FDI company may conduct in Vietnam

Forms of foreign investment in Vietnam

Entities entitled to purchase, lease purchase properties in Vietnam

Consulting services:

Phone: 0914 165 703 or email: dmslawfirm@gmail.com

Conditions for transferring all or a portion of a property project in Vietnam