Vingroup, the project's investor, said more than 400 foreigners and Viet kieu (overseas Vietnamese) participated in the sale held in Ha Noi and HCM City. — VNS Photo

HA NOI (Biz Hub) — Foreigners registered to buy a whopping 112 Vinhomes Central Park apartments within two hours on Wednesday, the day when the amended Law on Housing and Real Estate Business took effect.

The amended law allows foreigners to own houses in Viet Nam.

Vingroup, the project's investor, said more than 400 foreigners and Viet kieu (overseas Vietnamese) from the United States, the United Kingdom, France and Japan, as well as South Korea and other countries participated in the sale held in Ha Noi and HCM City, although the release was announced just four days prior to the event.

This reflects the eagerness of foreign capital to enter the property market of Viet Nam as well as the attractiveness of Vinhomes Central Park.

The construction of the project, which includes a green, modern and harmonious urban area, will be completed by 2015. — VNS Photo

Inspired by New York's Central Park, Vinhomes Central Park, a 43ha project in Binh Thanh District in HCM City, is connected by railways and waterways to important areas that are only a few minutes away.

The construction of the project, which includes a green, modern and harmonious urban area, will be completed by 2015.

An expert said Vinhomes Central Park was among the few urban area projects in the country which combine luxury living standards together with a green living environment for residents as in developed countries.

This, coupled with the investor's brand built through many high-profile products such as Vinhomes Royal City, Vinhomes Times City and Vinhomes Riverside in Ha Noi, make Vinhomes Central Park appealing to buyers.

John Herry, one of the buyers at Wednesday's release, said he decided to buy an apartment in Vinhomes Central Park because of its adequate infrastructure system and premium living standards that are in harmony with nature.

Experts said projects with convenient locations, smart planning and high living standards would have opportunities to attract foreign capital. — VNS