Real Estate & Construction

In Vietnam land is not owned outright — what is transferred is a land use right, and its value depends on its term, its permitted purpose and the conditions attached to it. Much of what goes wrong in property transactions traces back to this distinction.

Wise Counsel advises developers, investors, tenants and lenders on land use rights, project approvals and construction arrangements throughout Vietnam.

What we help with

• Due diligence on land use rights, title, planning status and encumbrances
• Advising on land allocation, land lease and change of land use purpose
• Investment approvals and in-principle approval for real estate projects
• Construction permits, design approval and completion acceptance procedures
• Drafting and negotiating sale, lease and development agreements
• Advising on foreign ownership of housing and commercial property
• Mortgage of land use rights and assets attached to land
• Advising on compensation, site clearance and resettlement issues

The land file tells you more than the seller does. We check it first and advise on what the title actually permits before terms are agreed.