Property for Sale in Ho Chi Minh City: 10 New Projects & Launches

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Since Vietnam opened up to foreign property buyers in 2015, Ho Chi Minh City continues to attract a vast number of investors. Being one of the fastest growing cities in the world, this commercial hub is undoubtedly one of the most interesting places for real estate investments in Asia at the moment.

You can find a variety of new projects in strategic areas, with high growth potentials. In this article, we list some of the most interesting new property projects in Ho Chi Minh City at the moment, including condos, apartments, and villas.

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Latest Update: 2019-01-08

1. Metro Star (District 9)

Address: 360 Ha Noi Highway, Phuoc Long A Ward, District 9

Metro Star is a condominium project located in the upcoming and promising district 9. With the MRT finished in 2020, Metro Star will be directly linked with a glass bridge to the Binh Thai station.

Prices are affordable and yields exceptionally high. You will reach the flourishing area of Thao Dien with a 5 minute drive.

Project Overview

  • Project: Metro Star (External Link)
  • Developer: C.T Group Vietnam & Soilbuild Singapore
  • Handover date: Q2 2021
  • Price: Around USD 1500 per square meter
  • Estimated yield: 6-8%
  • Type: Condominium
  • Number of units: 1600
  • Amenities: Swimming pool, children’s pool, shopping mall, bridge connecting to MRT, gym, library, tennis courts, and more.

Unit Types and Sizes

  • 2-3 Bedrooms: 51 – 74 square meters

About the Developer

Metro Star is developed by SoilBuild Group, a leading Singapore based real estate group, established in 1976, successfully building, developing and managing residential and commercial real estate. SoilBuild Group has been honored by many small and large awards in the region.

Learn More About this Project

2. Sunshine City Saigon (District 7)

Address: Phú Thuận, Tân Phú Ward, District 7, TP. Ho Chi Minh

Sunshine City is a luxury condominium project set to finish in 2020. Hoa Binh Construction is building the complex and has managed many big projects in the past.

Sunshine City is located in district 7, one of the most developed areas in Saigon. With 2-5 minutes to Japanese, Korean, and Australian international schools, it’s a perfect area for expats. You’ll reach district 1 in 10 minutes and Tan Son Nhat airport in 25 minutes.

Project Overview

  • Project: Sunshine City Saigon (External Link)
  • Developer: Hoa Binh Construction
  • Handover date: Q4 2020
  • Price: VND 52 million (USD 2,230) / square meter
  • Estimated yield: 5%
  • Type: Condominium
  • Number of units: 3748
  • Amenities: Lounge, infinity swimming pool, library, rooftop bar, gym and spa, children’s play area, BBQ garden, and more

Unit Types and Sizes

  • 2 -4 Bedroom: 67 – 130 square meters

Unit Overview

About the Developer

Hoa Binh is a reputable constructor in Vietnam and has managed big projects like Le Méridien 5-Star Hotel, Saigon Centre Complex, the expanded terminal at Tan Son Nhat International Airport, and Cocobay Danang Tourist and Recreation Compound.

They’ve already successfully launched Sunshine City in Hanoi.

Learn more about this project

3. Alpha Hill (District 1)

Address: At Cong Quynh Intersection – Nguyen Cu Trinh Street, District 1, Ho Chi Minh City

Alpha Hill is part of Alpha City, a luxurious shopping mall with 8 stores and an apartment complex. It’s one of the most bespoken projects in Ho Chi Minh City at the moment and won seven awards at Propertyguru Vietnam Property Awards 2018:

  • Best Mixed Use Development
  • Best Luxury Condo
  • Best Green Development
  • Best Condo Interior Design categories
  • Best Retail Development
  • Best Architectural Design
  • Highly Recommended in the Best Luxury Condo segment

This luxury condominium project is located in the heart of district 1 and has modern high-tech amenities and facilities, with hospitals and international schools nearby.

Project Overview

  • Project: Alpha Hill (External Link)
  • Developer: Alpha King Vietnam
  • Handover date: Q3 2021
  • Price: USD 8,000 – 10,000 per square meter
  • Estimated yield: 4%
  • Type: Luxury Condominium
  • Number of units: 1076
  • Amenities: BBQ area, lap pool, Sunken bar, steam sauna, sky bridge, rooftop area, café & restaurant, lounge, brewery, sky cinema, hidden oasis, jogging track, and more

Unit Types and Sizes

  • 1-Bedroom: 38 – 49 square meters
  • 2-Bedrooms: 92 – 95 square meters
  • 2-Bedrooms Duo Key: 95 square meters
  • 3-Bedrooms: 124 square meters
  • Sky villas
  • Penthouse

Unit Overview

About the Developer

Alpha King is a leading real estate developer in Vietnam, operating internationally and with 100% foreign capital. The company has employees in a dozen countries and cities, including Singapore, Hong Kong, France, Germany, United States, Canada, and more.

The company manages a number of other large sized projects like Disneyland Shanghai and Peninsula Hotel Shanghai (voted as the top 100 best hotel in the world). The company is also involved in project development and management in Lan Kwai Fong (Hong Kong) and in Xin Tian Di.

Learn More About this Project

4. One Verandah (District 2)

Address: Thanh My Loi Ward, District 2, Ho Chi Minh City

One Verandah is a high-end condominium complex managed by the renowned Singapore based developer Mapletree. The project is, together with Alpha Hill, one of the most bespoken projects at the moment and won the following awards at Propertyguru Vietnam Property Awards 2018:

  • Best High-End Condo Architectural Design
  • Best High-End Condo Landscape Architectural Design

You can find a number of international schools nearby and reach Thu Thiem, the new financial hub, within a short distance.

Project Overview

  • Project: One Verandah (External Link)
  • Developer: Mapletree
  • Handover date: Q1 2020
  • Price: From VND 45 million (USD 1920 per square meter)
  • Estimated yield: 6%
  • Type: Luxury condominium
  • Number of units:
  • Amenities: BBQ pavilion, gym, tennis court, library, swimming pool, Jacuzzi, herb garden, children’s playground, yoga deck, mini soccer court, and more

Unit Types and Sizes

  • 1-Bedroom: 55 – 59 square meters
  • 2-Bedrooms: 77- 82 square meters
  • 3-Bedrooms: 106-109 square meters
  • Duplex/Penthouse: 149-304 square meters

Unit Overview

About the Developer

Mapletree is one of the biggest property developers in Singapore and manages a number of property projects in Ho Chi Minh City. Some of the projects include CentrePoint, Pacific Place in Hanoi, and MPlaza Saigon.

Learn More About this Project

5. La Cosmo Residences (Tan Binh District)

Address: 99 Nguyễn Thái Bình, Phường 4, Tân Bình, Hồ Chí Minh, Vietnam

La Cosmo is a new condominium project located in a prime location of Tan Binh District, just next to District 1 and District 3. The condominium has a modern beautiful design and comes with a number of amenities, including a rooftop swimming pool and rooftop garden.

La Cosmo Residences won the award “Best Condo Development” at the Dot Property Vietnam Awards 2018.

Project Overview

  • Project: La Cosmo Residences (External Link)
  • Developer: An Gia Hung Corporation
  • Handover date: 2018
  • Price: From around VND 3.7 billion (USD 158.280)
  • Estimated yield: Unknown
  • Type: Condominium
  • Number of units: 500
  • Amenities: BBQ area, gym, library, swimming pool, tennis court, and more

Unit Types and Sizes

  • 1-3 Bedroom Units: 32 ~ 92 square meters

Unit Overview

About the Developer

An Gia Hung is a Vietnamese developers that works with real estate consultancy, investment, property development, and design. In addition to La Cosmo residences, the company has built La Astoria, another project located in Ho Chi Minh City.

Learn More About this Project

6. Vista Verde (District 2)

Address: Dong Van Cong Street, Thanh My Loi Ward, District 2, Ho Chi Minh City

Vista Verde is strategically located in District 2, with proximity to District 1, District 7 and other growing areas. It’s one of the best places for property investments in Ho Chi Minh City at the moment. Vista Verde consists of four 35-storey residential towers, with astonishing views of the city and the Saigon river.

‘Verde’ simply translates to ‘green’ in Spanish, and was one of the key features when CapitaLand decided to take on this project. With close access to supermarkets, shopping malls and international schools, this is one of the most interesting projects.

Project Overview

  • Project: Vista Verde (External Link)
  • Developer: CapitaLand
  • Completion date: Q4 2017
  • Price: From VND 2.4 billion (USD 103,000) / unit
  • Estimated yield: 8%
  • Type: Condominium
  • Number of units: 1152
  • Amenities: Gym, Sky garden, BBQ terrace, Tennis court, Pools, and more

Unit Types and Sizes

  • 1-Bedroom: 45–54 square meters
  • 2-Bedroom: 74–89 square meters
  • 3-Bedroom: 107–118 square meters
  • Duplex: 78–218 square meters
  • Penthouse: 227–381 square meters

Unit Overview

About the Developer

CapitaLand is a Singapore based developer and one of the most prominent in Asia.

In 2017, CapitaLand won 11 different awards, such as “the best developer in Vietnam” by Propertyguru Vietnam Property Awards.

Not only have they built Vista Verde, but have a number of other real estate projects finished or planned in Vietnam.

Learn More About this Project

7. d’Edge (District 2)

Address: Nguyen Van Huong Street, Thao Dien Ward, District 2, Vietnam, Ho Chi Minh City

d’Edge is currently under construction and built by the same developer as Vista Verde, namely CapitaLand. It’s one of the most luxurious projects planned in District 2, with high-end apartments ready to cater locals, foreign families and expats alike.

It’s located with a beautiful scenery of the Saigon river and central parts of the city. You’ll also find Thu Thiem nearby, which is projected to become the new commercial hub in Ho Chi Minh City.

Project Overview

  • Project: d’Edge (External Link)
  • Developer: CapitaLand
  • Completion date: Q3 2020
  • Price: Starting at VND 65 million (USD 2780) per square meter
  • Estimated yield: 8%
  • Type: Luxury condominium
  • Number of units: 350
  • Amenities: Rooftop pool, Spa & sauna, Wine & cigar lounge, and more

Unit Types and Sizes

  • 1-Bedroom: 60 square meters
  • 2-Bedroom: 80 square meters
  • 3-Bedroom: 130 square meters
  • Duplex: More than 200 square meters
  • Penthouse: More than 300 square meters

Unit Overview

About the Developer

CapitaLand is a Singapore based developer and one of the most prominent in Asia. In 2017, CapitaLand won 11 different awards, such as “the best developer in Vietnam” by Propertyguru Vietnam Property Awards.

As mentioned, they’ve built a number of other real estate projects in Ho Chi Minh City.

Learn More About this Project

8. RichLane Residences (District 7)

Address: SC Vivo City, 1058 Nguyen Van Linh, Tan Phong, District 7, Ho Chi Minh City

RichLane Residences is a high-end apartment complex, with proximity to District 1 and 2. It’s located in the Saigon South Place, the heart of District 7, one of the most developed districts in Ho Chi Minh City. This makes it a good choice if you look for quick rental incomes.

The area has many restaurants, international schools, hospitals, and more. Other interesting buildings and areas nearby include Mapletree Business Centre, the premier apartment tower Oakwood Residence Saigon and SC VivoCity.

Project Overview

  • Project: RichLane Residences (External Link)
  • Developer: Mapletree
  • Completion date: Q1 2018
  • Price: Around VND 48 million (USD 2050) per square meter
  • Estimated yield: 6-8%
  • Type: Condominium
  • Number of units: 243
  • Amenities: Rooftop pool, skyline gym, children’s sky deck, and more

Unit Types and Sizes

  • Studio: 45 square meters
  • 1-Bedroom: 51-53 square meters
  • 2-Bedroom: 82-98 square meters
  • 3-Bedroom: 110-123 square meters
  • Penthouse Studio: 48 square meters
  • Penthouse 2-bedroom: 96 square meters
  • Penthouse: More than 300 square meters

Unit Overview

About the Developer

Mapletree is one of the biggest real estate developers in Asia, with its headquarter based in Singapore. Having more than 3400 employees and operating in more than 12 countries in Asia Pacific, Mapletree is a reliable developer that’s involved in a number of projects in Vietnam.

Learn More About this Project

9. Charmington Iris (District 4)

Address: 76 Ton That Thuyet, Phuong 16, District 4, Ho Chi Minh City

Charmington Iris is a big new project located in District 4, a central district with a similar size as District 1, but that’s still undeveloped. I personally believe that District 4 will get more and more attention int he coming years.

Charmington Iris offers green spaces, with a full river view. You’ll be able to find jogging tracks, shopping centers, coffee shops, 24/7 security and many other amenities. With a 5 minute walk to Bitexco Financial tower, you know that you’re in one of the most central areas.

Project Overview

  • Project: Charmington Iris (External Link)
  • Developer: TTC Land
  • Completion date: 2018
  • Price: From VND 2.9 billion (USD 115,000)
  • Estimated yield: 6-8%
  • Type: Condominium
  • Number of units: 1438
  • Amenities: Pool, waterfront park, shopping center, gym, 5-star lounge, and more

Unit Types and Sizes

  • 1-3 bedroom apartments: 45-122 square meters

Unit Overview

About the Developer

TTC Land is a big developer and headquartered in Vietnam. In addition to Charmington Iris, the company has built a number of other projects, such as: Carla Apartment, Carillon 3, Jamona Home Resort, Jamona City, and more.

Learn More About this Project

10. Sunrise City (District 7)

Address: 27 Nguyen Huu Thọ, Khu do thi, Sunrise City, Quan 7, Ho Chi Minh City

Sunrise City is one of the most popular projects in District 7, and was launched in three phases. The complex has three towers called the South Towers, Central Towers and North Towers, where the latter one was launched in 2016.

The area offers much modern amenities, and it won’t take you more than 15 minutes to reach Ben Thanh market by cab. In addition, it’s connected with Thu Thiem business district, which has high growth potentials.

Project Overview

  • Project: Sunrise City (External Link)
  • Developer: Novaland
  • Completion date: 2012 / 2015 / 2016
  • Price: VND 27-32 million (USD 1153-1367) per square meter
  • Estimated yield: 6-8%
  • Type: Condominium
  • Number of units: 642
  • Amenities: Pool, shopping centers, gym, laundry services, babysitting, and more

Unit Types and Sizes

  • Studio: 120 square meters
  • 1-Bedroom: 58 square meters
  • 2-Bedroom: 97 square meters
  • 3-Bedroom: 133 square meters
  • 4-Bedroom: 140+ square meters

Unit Overview

About the Developer

Novaland is one of the biggest developers in Vietnam and has won a number of awards. You’ll notice that there’s much advertisements carrying Novaland’s logo in places like Ho Chi Minh City.

The company has won a number of awards, for example, ‘the Best developer’ by Asia Property Awards. It’s also been listed as one of the top 10 prestigious property developers.

Learn More About this Project

FAQ

Below you can find frequently asked questions from property buyers, including our replies.

Can foreigners buy property in Ho Chi Minh City?

Yes, foreigners can buy property by simply having a tourist visa.

Vietnam introduced new regulations to foreign ownership as late as 2015, which has undoubtedly resulted in an increase of foreign property buyers.

Can I rent out my property?

Yes, you have no particular issues to rent out your property in Vietnam.

Can foreigners buy property from Vietnamese people?

Foreigners can buy property from Vietnamese developers, but not from Vietnamese private persons. On the other hand, Vietnamese persons can buy second hand properties from foreigners.

How many properties can I buy?

Generally speaking, there’s no cap to the amount of properties that you can buy as a foreigner.

However, foreigners can buy a maximum of 30% of the units in a condominium project, 10% of the houses in a new landed project, and 250 of the landed houses in a given ward/division.

Can foreigners own land?

You cannot own land as a foreigner, this is a common practice in many other Southeast Asian countries. Instead, you can lease land during a period of 50 or 70 years, with an option to renew the leasehold period.

In which district should I buy property?

There are a number of districts and areas in Ho Chi Minh City, all with different perks. Below you’ll find some of the most interesting and promising districts to buy real estate in Ho Chi Minh City, and what makes each area unique.

District 2

Previously being an area suffering from poverty, District 2 has probably experienced the fastest restoration in Ho Chi Minh City. The district is located with proximity to Binh Thanh, District 1 District ,7 and other key areas. It won’t take you more than 10-15 minutes to reach these districts by cab.

Places like Thao Dien are highly popular among Westerners, Koreans and other foreigners alike. You’ll find plush villas, mixed with green areas, high-rise apartment buildings, bars and restaurants.

Many embassies and international schools are located here, and you’ll stumble upon a number of foreign waiters and waitresses, speaking English (and not rarely French).

District 2 is famous for having high yields, averaging at around 8%.

District 7

District 7 is one of the most developed areas and highly popular among expat families and other foreigners. Much commercial activity is going on in District 7, and it differentiates from other districts, as it’s comparatively developed.

In case you seek instant rental incomes, but not the highest capital appreciations, then this is probably one of your best choices.

There are a number of new projects being built in District 7 and you’ll not have problems to find foreign communities within a short distance.

District 9

Being one of the biggest, but least developed areas, District 9 is located further away, Northeast of District 2. Despite being less developed, a lot of things will happen here in the coming years.

Massive amounts of commercial and office space is planned in District 9, as it’s strategically located with proximity to other upcoming cities, like Bien Hoa.

With the new MRT up and running in 2020, it won’t take you a long time to reach the central areas, such as District 1.

District 9 is more suitable for long term buyers who seek higher capital appreciations, but not instant rental incomes.

District 4

District 4 is one of the most interesting areas in my view.

It’s fairly small and wedged in between District 1, 7 and 2 – more developed areas where there’s still much investment planned. District 4 is less developed and I’m certain that we will see a transition during the coming years, with economic spillover from surrounding areas.

Living in District 4 is convenient as it won’t take you more than 5-15 minutes to reach the above mentioned areas by cab, or scooter, if that’s what your preference.

Is buying property in Vietnam a good investment?

Vietnam is one of the fastest growing countries in the world.

On top of the benefits mentioned above, Vietnam has the highest yields in Asia, the tourism industry is booming, and you see much investment in infrastructure.

It’s easy to apply for visas and you can enjoy a high quality of life, with low costs.

If you want to know more, you can also read our separate article that explains some of the benefits when investing in Vietnam property.

Other Vietnam Property Guides

Want to learn more about taxes, visas and the buying process? Check out these articles:

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