Mixed reaction for limited apartment ownership

Brightly lit apartment buildings in Binh Thanh District in Ho Chi Minh City, Vietnam. - Bloomberg

HANOI: Mixed opinions are emerging around the Vietnam Ministry of Construction’s proposal of setting limited terms for apartment ownership, which were repeated in the latest draft amendments to the Law on Housing.

In the draft, which the ministry recently made public for comments, the ministry added a new section on “term for apartment ownership” with two options.