District 3 might not be the most popular district among foreigners who look to buy premium residential real estate in Ho Chi Minh. Foreign investors often target District 1, 2, and 7 and when buying one or more units in this growing metropolis.
You see, most new condominium projects (where foreigners are allowed to purchase 30% of units) are constructed in these districts.
District 3, on the other hand, is mostly home to large French villas, low-rise buildings, restaurants, bars, and cafes. This kind of property is generally beyond the reach of foreigners.
Having said that, there are still a handful of projects that you should have a look at. Let’ start and review some noticeable property developments located in District 3.
Property Developments in District 3
There aren’t that many new residential projects in District 3 compared to District 1 and 2, for example. You’ll mainly find plushy villas and older buildings here. That said, there are still a handful of projects under construction.
Below you can find some of the most popular residential developments in District 3. The projects are either finished or under construction.
Grand Central is built with European architecture and planned to be finished in 2022. There will be 247 units with a size of 51 to 138 square meters. The estimated square meter price is USD 6,900, which is comparably high.
It’s not strange, as District 3 is one of the most central and popular districts to live in Saigon. From here, you’ll have a 3-minute walking distance to places such as:
- Notre Dame Cathedral
- Tao Dan Park
- Independence Palace
- District 1 Shopping and Entertainment Center
You’ll also reach the following places with just a 5-minute walk:
- Nguyen Hue walking street
- Ben Thanh Market
Examples of facilities include a cafe and restaurant, BBQ area, outdoor garden, wine cellar, children’s play area, and more.
Address: 196 – 202 Nam Ky Khoi Nghia, Ward 6, District 3, Ho Chi Minh City
Leman Luxury Apartments
Leman Luxury Apartments is a 24-story apartment building and an established residential project. 2-3-bedroom units start from around VND 10 billion (USD 430,000).
It has two gates in Din Chieu and Truong Dinh streets, having plenty of restaurants, boutiques, ancient oil trees, and more. From here, you’ll reach the Notre Dame Cathedral, Reunification Palace, Tao Dan Park within a short distance.
The project was built by the renowned developer C.T Group that has completed a handful of projects in Ho Chi Minh. One of C.T Group’s flagship projects is also Metro Star, a real estate project real estate project for sale in District 2.
The project has the following facilities:
- BBQ Area
- Fitness Garden
- Swimming Pool
Address: 22 Trương Định, Phường 6, District 3, Ho Chi Minh City
Saigon Mansion is a luxury project that opened in District 3 in 2011. Askin rents range from USD 1,200 to 3,000, which kind of speaks for itself. The units are 50 to 124 square meters and have 2 to 3 bedrooms.
The facilities aren’t as lavish as in newly built projects, but you’ll still get access to a gym and a swimming pool. From here, you’ll reach the following places nearby:
- War Museum: 5 minutes
- Reunification Palace: 5 minutes
- Diamond Plaza: 5 minutes
- Ben Thanh Market: 10 minutes
- AirPort: 20 minutes
Address: 3 Vo Van Tan, Dist 3, Ho Chi Minh City
Real Estate Agents in District 3
There aren’t that many real estate agents in District 3 compared to District 1, District 2, and District 7. Having said that, keep in mind that you don’t necessarily need to hire an agent that is located in District 3 if you plan buying property there.
Saigon Flat is an established real estate agency in District 3 that solely work with rentals. With the increased amount of expats coming to Saigon, they primarily help foreigners who wish to find units in the area.
Despite being launched as late as early 2018, they have served clients such as Circle K, Vietcombank, RISS, Korean International School, RMIT, and the Australian International School.
Address: 351/4 Đường Lê Văn Sỹ, Phường 13, District 3, Ho Chi Minh
District 3 is the biggest district in Saigon and the home of large trees, gardens, colonial-style French villas, cozy restaurants, and so much more.
It’s not strange that many foreigners move here as it brings some similarities to District 1, but has a more relaxed atmosphere.
It’s not strange that Time’s Magazine has listed District 3 as one of the 50 coolest districts in the world.
You’ll also find important infrastructure developments in District 3. One worth mentioning is the Saigon Railway Station, which is the biggest train station in Vietnam. From here, you can reach Hanoi and other parts of Vietnam.
You’ll also find many international schools and universities in the area. As District 3 is an old and hip district, you won’t find as much infrastructure development here compared to many other districts.
You won’t find factories or logistics facilities in District 3 as these are allocated to places like District 2, 9, and District 10. On the other hand, District 3 can be a suitable district if you want to invest in restaurants, office space, or hotels.
Despite being home to many boutique hotels, you can also find well-known brands such as Novotel Saigon Centre.
There are also several office buildings located in the district, including HM Town Building which is an 18-story building with a lettable area of 9,300 square meters, Lim Tower 2 that is an 18-story building with a lettable area of 8,400 square meters, and more.