Decree on Law on Real Estate Business issued

Under a government Decree detailing the implementation of a number of articles in the Law on Real Estate Business, which took effect on March 1, the legal capital requirement of VND20 billion ($875,000) will be removed. The Decree also stipulates the conditions for the transfer of contracts for sale and purchase, lease-purchase of houses to be built in the future, and the transfer of lease-purchase contracts for existing houses and construction works.