Buying houses in Phu Quoc – house buyers’ guide

The Vietnamese government recently announced that it was to allow permanent foreign residents and overseas Vietnamese to purchase houses on Phu Quoc as part of its vaunted island revamp.

Since the Vietnamese government launched its drive to attract foreign investors, a total of 150 local and foreign companies have applied to invest on the island. Some 46 projects have been approved, most of which are houses, villas or tourist projects.

One of the biggest projects on the island is the Rockingham, a $130 million project of Automind Capital Group Inc from Canada. Once completed, the development will include a tourism seaport and housing for foreigners on a reserve site in An Thoi town.

Another high grade mixed use project is being put together by the Victoria group. The $40 million development is also expected to include a housing aspect.

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