Hong Hac City Long-Term or 50-Year Ownership: Legal Answers and Pink Book for Investors

Hồng Hạc City offers long-term ownership—not 50-year ownership. The project is built on urban residential land allocated by the Bắc Ninh Provincial People’s Committee to developer Phu My Hung Development Corporation, rather than on time-limited leased commercial and service land, as with condotels, officetels and conventional commercial-service shophouses. In particular, in February 2025, the Chairman…

What the Hong Hac City Sale and Purchase Contract Includes: Contents, Terms and Notes Before Signing

The Hồng Hạc City sale and purchase contract comprises 8 main groups of contents and terms: information about the parties and the property, the sale price and payment schedule, handover conditions, construction warranties, breach penalties, dispute resolution, financial appendices and accompanying technical appendices. In particular, all commitments from developer Phú Mỹ Hưng regarding 0% interest,…