Starlake
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Overview
An ambitious, Korean-backed new urban area development in Hanoi.
Building/Community Amenities
No specific amenities listed.
Investment Insights
Legal & Ownership
Legal & Ownership Information
Ownership Structure
Ownership Rights
Full ownership rights (Freehold)
Foreign Ownership
Foreigners can buy property in Vietnam, but they are limited to owning 30% of the apartments in a building or up to 10% of the properties in a landed project.
Tax Considerations
Property Taxes
property tax regime includes a 10% VAT on property purchases and an annual land use tax that varies based on property size and location
Transfer Tax
purchases and an annual land use tax that varies based on property size and location
Inheritance Tax
Capital gains tax is applicable at 2% of the transfer value, and rental income is subject to a 5% VAT and 5% personal income tax
Important Considerations
Restrictions
Required Documents
- Finalize the purchase agreement and complete any necessary legal documentation.
Financing Options
Financing Options
Financing in Vietnam
Vietnam offers a dynamic property market with various financing options for foreign buyers interested in tapping into its burgeoning real estate sector. Typically, foreign investors can expect loan-to-value (LTV) ratios of around 50% to 70%, depending on the bank and property type. Vietnam's attractive mortgage financing is driven by its robust economic growth, urbanization, and increasing demand for real estate. These factors make it an appealing destination for international buyers looking to diversify their property portfolios. Understanding the local financing landscape can help investors make informed decisions and capitalize on potential opportunities in the Vietnamese property market.
Requirements for Foreign Buyers
- 1Valid passport
- 2Proof of income (e.g., employment contract or tax returns)
- 3Bank statements (typically the last 3 to 6 months)
- 4Mortgage application form
- 5Proof of residency in Vietnam (if applicable)
- 6Work permit in Vietnam (optional but beneficial)
- 7Property purchase agreement