hoalegd@gmail.com 
Green House Agency, 027 Street O, My Giang 2, Phu My Hung, Dist 7, HCM 
Real estate hot
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New project
Video
news
Why Call Condo Of 50 Years? Should Customers Invest?
Hear to the phrase word "condo of 50 years", many people still do not understand clearly what it means, so they still often wondering about whether choose to buy this type of apartment for staying or not? So what is condo of 50 years? Is there any effect on the expiration of 50 years for the owners?
Condo of 50 years is also apartment to stay long and grant full house ownership certificate.
According to the specified land law, all enterprises or foreign investors are only leasing long-term land to 50 years , in order to carry out projects such as factories, schools, hospitals, and so on. The purpose is to invest in effective land use. Moreover, the construction works take a lot of time, so it should be used long term to recover the invested capital. But for those apartment projects that will be changed through the land, are allowed to use long-term and are granted full house ownership certificate when the landlords pay full payment of the money, land used tax in accordance with the provisions of the land law.
Thus, buying a residential apartment for 50 years will not be different from other apartment projects because these projects are still recognized and granted full sovereignty in accordance with the current law of the land.
Where are apartment projects of 50 year being formed mostly?
Nowadays, due to the demand for housing in big cities such as Hanoi and Ho Chi Minh City, apartment projects 50 years are mostly built in big cities. The construction of these projects is to ensure that most people's needs are met. Thus, condo of 50 years is not really a kind of rental house as all people still misunderstand. The rights and obligations of the owners still ensure fully and the purpose of use is long and not finite as the rumour new in the newspaper, network, ect.
Why should buy residential apartment of 50 years?
Buying and owning apartments for 50 years is a thing which you are holding the opportunity to own cheap condo. This project is preferred by a department of consumers who have not yet understood the concept of the 50-year apartment project. Therefore, if your income is only on average, owning an apartment of 50 years in the current period is great. No long after, when all people had understood and grasped the concept of the apartment 50 years, then surely the apartment project of 50 year will be number 1 choice of majority consumers.
What are the benefits and obligations of owning the apartment of 50 years?
As well as the other projects, apartment of 50 years always guarantees full rights to the owners. All of the residents are living here, they are ẹnjoyed the amenities inside and outside of project such as in the other projects.
Not only after a long period of use, when the apartment’s project had the down sign no longer guarantees the safety of the people, then all the households must contribute money to rebuild. For projects that need support from the State or have any enterprise to get the construction, all the households in the apartment are arranged or supported the cost of renting when waiting for repairing.
With such obvious advantages and legal, surely apartment of 50 years will be the top choice in the next time of a small part of low-income people.
Please access to our website and leave information if you want more support on this type of apartment for 50 years.
Green House is ready to accompany you.
