How Much Deposit May a Real Estate Investor Collect?
Pursuant to Clause 5, Article 23 of the Law on Real Estate Business 2023:
“The investor of a real estate project may only collect a deposit not exceeding 5% of the selling price or lease-purchase price of residential houses, construction works, or floor area in construction works from the depositor for purchase or lease-purchase when such houses or construction works fully satisfy the conditions for being put into business as prescribed by this Law.
The deposit agreement must clearly specify the selling price or lease-purchase price of the residential house, construction work, or floor area in the construction work.”
Legal basis:
Clause 5, Article 23, Law on Real Estate Business (2023).
