Yes, foreigners can buy an apartment at City Garden, but not every unit, and the City Garden foreign quota is what decides which ones. Because the project was sold out years ago, what you can buy depends on whether the specific apartment is already registered to a foreign owner, or whether that tower still has foreign quota left. This guide explains how the quota works at City Garden, what you will pay, and the steps from viewing to pink book.
The rule in one paragraph
Under Vietnam’s 2023 Housing Law, foreign individuals with a valid entry into Vietnam can own apartments in commercial projects, up to 30% of the units in any one building. Ownership lasts 50 years from the date the certificate (pink book) is issued and can be extended. Our general guide on whether foreigners can buy property in Vietnam covers the full conditions; below we focus on what this means at City Garden.
City Garden foreign quota: how it works
City Garden has six towers: Avenue, Boulevard 1 and 2, Promenade 1 and 2, and The Crescent. The 30% cap applies to each tower separately. In practice there are two ways to buy:
- Buy a unit already owned by a foreigner. The foreign owner sells, and the unit stays within the quota. Listings call these “foreign quota” units. They often ask a small premium.
- Buy from a Vietnamese owner in a tower that still has quota. Possible only if the building has not reached 30% foreign ownership. The management board and the local land office are the people who can confirm this.
Recent resale listings marked with foreign quota have come mainly from Promenade and Boulevard. Quota status changes with every sale, so we check it for the exact unit before you sign anything.
What it costs to buy
| Type | Asking price (Nov 2026) | ≈ US$ |
|---|---|---|
| 1 bedroom, 60–73 m² | VND 7.4–9.3 billion | 280,000–355,000 |
| 2 bedrooms, 82–117 m² | VND 12–13.5 billion | 455,000–515,000 |
| 3 bedrooms, 136–160 m² | VND 15–19 billion | 570,000–720,000 |
| Penthouse | On request | — |
Expect to add transfer costs. By law the seller pays 2% personal income tax and the buyer pays 0.5% registration fee, but in resale deals the parties often agree to split costs differently, so put it in writing. Browse current City Garden apartments for sale.
Step by step
- 1. Shortlist and check quota. We confirm the unit’s ownership status and whether a foreigner can hold the title.
- 2. Check the pink book. Name, area, any mortgage, and outstanding management fees.
- 3. Deposit agreement. Usually 5–10% of the price, with clear refund terms if the transfer fails.
- 4. Notarised sale contract. Signed at a notary office, in Vietnamese with an English translation.
- 5. Payment. Foreign buyers pay from an account in Vietnam funded with money brought in legally.
- 6. Transfer. Taxes paid, the file goes to the land registration office and a new pink book is issued in your name.
Things foreign buyers ask us
Can I rent it out?
Yes, foreign owners can lease their apartment for residential use, and long-term leases at City Garden are in steady demand from expats. You must declare and pay tax on rental income. Nightly short-term rentals are a different story; see our short-term vs long-term rental guide.
Can I sell it later?
Yes, to another foreigner or to a Vietnamese buyer. Selling to a Vietnamese buyer frees up a quota slot in that tower.
What about my 50 years?
The 50-year term runs from the date your pink book is issued, not from the building’s completion. You can apply to extend before it expires.
FAQ
Can foreigners buy an apartment at City Garden?
Yes, if the unit is already owned by a foreigner or the tower still has foreign quota. Each tower is capped at 30% foreign ownership.
Which City Garden towers have foreign quota?
It changes with every sale. Recent foreign-quota resale listings came mainly from Promenade and Boulevard, but quota must be checked for each specific unit.
How long can a foreigner own a City Garden apartment?
50 years from the date the pink book is issued, with the option to extend.
How much is a City Garden apartment for a foreign buyer?
The same as for anyone else, roughly VND 7.4–19 billion depending on size, though foreign-quota units sometimes ask a small premium.