[refurb]

Are you sure that’s how it works? I thought the distinction was ownership versus lease.

You lease it for 50 years, but in the end you can sell the actual property to a citizen or sell it to a non-citizen who will get a 50 year lease.

[teamwork007]

There isn't much clarification around what will happen since it hasn't happened yet: http://vietnamembassy-usa.org/basic-page/land-regulations

[seanmcdirmid]

The same is true for China and its 99 year apartment leases. Everyone is assuming the government will roll over the leases for minimal fees, or eventually repulsed the leases with a proper property tax, but nothing is guaranteed yet.

[refurb]

Huh. In Canada you can’t buy land on First Nation reserves. They do 99 year leases, but you buy and sell the home the same way as if you were buying the land as well, since the expectation is that the lease would be renewable for the foreseeable future.