No one can own land in Laos, but land-use rights are possible (up to 75 years, or 50 years for companies). A Lao citizen with land-use rights may lease the land to a foreign-invested company for up to 30 years. There is a vague law that allows for these land-use rights by foreigners only if investing at least USD $500,000 into the government. And while it’s possible to own a structure upon leased land, when the lease expires, the structure reverts to the government without compensation.
Foreign investment is extremely regulated and restricted, and foreigners cannot own land. It’s possible to lease for up to 30 years, but with rampant corruption, there is no security. Alternatives include making a contribution to a joint venture with the government, or to lease land from the government and then enter into an agreement called a build, operate and transfer (BOT), which allows the investor to own the project.
Nobody can own land in Vietnam. One estate agency, Chesterton, markets 50-year leases to foreigners buying apartments, which provides for many of the same rights as ownership. Alternatively, foreigners can form a company or form a build, operate and transfer (BOT) company.
UPDATE: Vietnam will allow foreigners to buy houses for the first time with one simple requirement, they must enter Vietnam legally.
They will be able to own the property for a maximum of 50 years and enjoy the same rights to lease, transfer or sell the property as Vietnamese citizens.
The new law will extend the rules that currently apply to apartments, according to the amended Housing Law which will take effect on July 1, 2015.
The law passed with 77.46 percent approval in the National Assembly during a Tuesday session.
Foreign entities who have invested in housing projects in Vietnam, foreign-invested enterprises; branch and representative offices of foreign companies in Vietnam, foreign investment funds; and foreign bank branches will all be entitled to purchase real estate under the law.
According to the amended law, foreign individuals and entities will only be allowed to buy, receive, or inherit apartments and houses in commercial projects and not in areas that limit or ban foreigners.
They are able to buy a maximum of 30 percent of apartments in a block and 250 houses in a given ward.
Individual foreigners may extend their home ownership after 50 years, according to their need. The government provide further details about the extension process in the future.
They may lease their property for any “purposes that is not banned by law” but must also inform the provincial house management agency before leasing the property.
Foreign property owners will also be subject to the nation’s property taxes.
Foreign entities can already buy property to house their employees, but they are not able to lease or use it toward any other purpose.
All land transfers, freehold or leasehold, are subject to the approval of the King, and foreigners cannot own land without approval. Foreigners who legally reside in Brunei can hold properties under strata titles, and residents as well as locally registered companies can hold long-term leaseholds of up to 60 years. Banks, however, will not grant mortgages to foreigners, not even foreign residents.
Foreigners can own condos through strata titles, but the property developer holds the title. Land ownership is also out of bounds but land-use rights are possible for up to 25 years. However, if a local buys the land on behalf of the foreigner, the foreigner may have either permanent land-use rights or full power of attorney over the land. Another option is to form a company called a Penanaman Model Asing (PMA), which can be wholly foreign owned.
Foreigners cannot own land but can lease land, or purchase it though a local company (51% Cambodian owned). Another alternative – having a local buy the property on a foreigner’s behalf and then leasing it to the foreigner – is illegal and discouraged. In general, corruption and greed mean that for any foreign investment, extreme due diligence is required by the buyer.
Foreigners cannot own land but apartments and condos are possible, as long as locals own 60% or more of the units in any development. Leases are available on land for up to 50 years. It is possible for a foreigner to form a commercial partnership with some locals to buy land, but even then, the maximum for residential properties is 1,000 square metres or one hectare in a rural setting.
(Modern minimalist home in Thailand: Baan Moom)