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Vietnam opened up to foreign property buyers in 2015 and 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, you’ll learn about some of the most interesting new condominium projects in Ho Chi Minh City, located in the most promising districts.
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Projects Covered
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The locations of the projects
- Sunshine Horizon (District 4)
- Sunshine Venicia (District 2)
- The Infiniti (District 7)
- Grand Manhattan (District 1)
- The Marq (District 1)
- Metro Star (District 9)
- Sunshine City Saigon (District 7)
- Alpha Hill (District 1)
- One Verandah (District 2)
- La Cosmo Residences (Tan Binh District)
- Vista Verde (District 2)
- d’Edge (District 2)
- RichLane Residences (District 7)
- Charmington Iris (District 4)
- Sunrise City (District 7)
1. Sunshine Horizon (District 4)
Sunshine Horizon is a modern and large-sized project located in the upcoming District 4. Located merely 5-minutes from the new Metro station at Bitexco Tower which is serviced by Metro line 1, residents will have easy access to District 1, 2, and 9.
These are some of the most strategic, popular, and fastest-growing districts in Ho Chi Minh City. Besides, Sunshine Group builds the project and is one of the biggest and most reputable award-winning developers in Vietnam.
From my point of view, this project is currently one of the most interesting in Ho Chi Minh thanks to the builder behind it, its strategic location, the design, and affordable prices.
Project Overview
- Project: Sunshine Horizon (external image)
- Developer: Sungroup
- Handover date: Q4 2022
- Price: Starting from around VND 3.5 billion
- Estimated yield: Unknown
- Type: Condominium
- Number of units: 1,003, 35 floors
- Amenities: Sky garden, Kid Club, Swimming pool, Internal park with landscape lake, BBQ area, Reading room, Fitness & Yoga Centre, Kindergarten, Movie theatre
Unit Types and Sizes
- 1, 2, 3 bedrooms and penthouse: 55 – 125 sq.m.
- Shophouses: 150 – 200 sq.m.
About the Developer
Sunshine Group is a reputable developer in Vietnam that has built everything from residential projects, schools, and more. Their projects include Sunshine City, Sunshine Riverside, Sunshine City Saigon, and Sunshine Golden River.
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2. Sunshine Venicia (District 2)
Sunshine Venicia is a condo-project developed by Sunshine Group, a leading Vietnamese property developer that also built the massive project, Sunshine City, in District 7. Here, you can find everything from studios to 6-bedroom units, and residents have access to plenty of facilities and amenities.
Some examples are a BBQ area, concierge, gym, garden, library, mountain view, parking, playground, swimming pool, and tennis courts. The project is located in the upcoming An Phu Ward in District 2.
Project Overview
- Project: Sunshine Venicia (external image)
- Developer: Sungroup
- Handover date: Q3 2021
- Price: Starting from around VND 7.8 billion
- Estimated yield: Unknown
- Type: Luxury condominium
- Number of units: 245, 26 floors
- Amenities: BBQ area, concierge, gym, garden, library, mountain view, parking, playground, swimming pool, and tennis courts
Unit Types and Sizes
- Studio – 3-bedroom units, 55-127 sq.m.
About the Developer
Sunshine Group is a reputable developer in Vietnam that has built everything from residential projects, schools, and more. Their projects include Sunshine City, Sunshine Riverside, Sunshine City Saigon, and Sunshine Golden River.
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3. The Infiniti (District 7)
The Infiniti is a major high-end condominium project located in District 7 and Phase 1C of Riviera Point. The condominium is located along the Ca Cam River and linked to the already established Phu My Hung township.
Being developed by the renowned Singaporean developer, Keppel Land, and Tan Truong Street, the project comprises of 801 units. The project will be the biggest inner-city recreation in the district.
The project resembles the islands of Hawaii and has 40 premium facilities, such as the biggest private water playground in District 7.
Project Overview
- Project: The Infiniti at Riviera Point (external image)
- Developer: Keppel Land, Tan Truong Street
- Handover date: Q4 2021
- Price: Starting from around VND 2.75 million
- Estimated yield: Unknown
- Type: Luxury condominium
- Number of units: 801, 40 floors
- Amenities: Riverfront retail podium, 50-meter infinity pool, 400 square meter gym, sky gardens, BBQ area, tennis courts
Unit Types and Sizes
- 2-3 Bedrooms, Duplexes: 58 – 146 square meters
About the Developer
Keppel Land is one of the biggest real estate developers in Singapore that is highly active in the Vietnamese property market. If you visit District 1, you will most likely see their logo at the top of the Saigon Center 2 Tower.
The company has built numerous projects around Asia and has won various awards, including:
- Euromoney: Best Overall Developer in Vietnam (2012-2016, 2017 – 2019)
- Euromoney: Best Residential Developer in Vietnam (2012 – 2019)
- Dot Property Awards: Best Residential Developer in Vietnam (2019)
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4. Grand Manhattan (District 1)
The Grand Manhattan is a luxury off-plan condo project set to finish in 2022. Being one of the most bespoken projects at the moment, it’s situated right in the heart of District 1, having Ben Thanh Market, the square walking Nguyen 5-star hotels, Grade A office towers, and the financial area.
One of the biggest and most active developers, Novaland, is behind the projects that have successfully launched the most luxury projects in Ho Chi Minh in 2018.
Project Overview
- Project: Grand Manhattan (external image)
- Developer: Novaland
- Handover date: Q1 2021
- Price: Starting from VND 120 million (USD 5,140) per square meter
- Estimated yield: 4%
- Type: Luxury condominium
- Number of units: 967, 39 floors
- Amenities: BBQ area, library, swimming pool, Tennis courts, CCTV, fitness garden, garage, and more
Unit Types and Sizes
- Studio: 81 square meters
- 2-Bedrooms: 68 square meters
- 3-Bedrooms: 82 square meters
About the Developer
Grand Manhattan is built by the renowned Vietnamese developer Novaland. Being most active in Ho Chi Minh’s luxury market in 2018, Novaland has successfully launched several projects in Vietnam.
I promise that this is not the last time you’ll hear about Novaland in this article!
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5. The Marq (District 1)
The Marq is a luxury project located in District 1 and is close to many of the cities top attractions. The same as it goes with Grand Manhattan (see above), the Marq will be located close to well-known areas and attractions like Ben Thanh market, Nguyen Hue walking street, and Bui Vien.
The project is built by Hong Kong Land, a reputable developer founded more than a century ago.
Project Overview
- Project: The Marq (external image)
- Developer: Hong Kong Land
- Handover date: 2022
- Price: Starting from VND 120 million (USD 5,140) per square meter
- Estimated yield: 4%
- Type: Luxury condominium
- Number of units: 515, 26 floors
- Amenities: BBQ Area, swimming pool, Jacuzzi, Sky bar, tennis courts, concierge, fitness garden, playground, CCTV, and more
Unit Types and Sizes
- 1 – 4 Bedrooms: 45 – 146 square meters
- Penthouses: 234 – 250 square meters
About the Developer
Hong Kong Land established as early as 1889 and primarily works with property development in Hong Kong, Singapore, Beijing, and Jakarta. It’s famous for building high-quality luxury apartments and has now set foot in Vietnam.
The company deals with both residential and commercial real estate and represents around 450,000 square meters of prime estate.
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6. Metro Star (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 yield exceptionally high. You will reach the flourishing area of Thao Dien with a 5-minute drive.
Project Overview
- Project: Metro Star (external image)
- 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.
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7. Sunshine City Saigon (District 7)
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 around 20 minutes.
Project Overview
- Project: Sunshine City Saigon (external image)
- 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
About the Developer
Hoa Binh is a reputable developer 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.
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8. Alpha Hill (District 1)
Alpha Hill is part of Alpha City, a luxurious shopping mall with 8 stores and an apartment complex. It’s one of the most bespoke luxury condos in Ho Chi Minh City at the moment and won seven awards at Propertyguru Vietnam Property Awards 2018, namely:
- 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 image)
- 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
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, including Singapore, France, Germany, the United States, Canada, and more.
The company manages plenty of large-sized projects like Disneyland Shanghai and Peninsula Hotel Shanghai (voted as the top 100 best hotels in the world).
Interestingly, the company is also involved in project development and management in Lan Kwai Fong (Hong Kong) and Xin Tian Di.
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9. One Verandah (District 2)
One Verandah is a high-end condominium project managed by the renowned Singapore based developer Mapletree.
The project is, together with Alpha Hill, one of the most bespoken projects at the moment. It 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 many international schools nearby and reach Thu Thiem, the new financial district, within a short distance.
Project Overview
- Project: One Verandah (external image)
- 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
About the Developer
Mapletree is one of the biggest property developers in Singapore and manages many property projects in Ho Chi Minh City. Some of the projects include CentrePoint, Pacific Place in Hanoi, and MPlaza Saigon.
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10. La Cosmo Residences (Tan Binh District)
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.
Notably, La Cosmo Residences won the award “Best Condo Development” at the Dot Property Vietnam Awards 2018.
Project Overview
- Project: La Cosmo Residences (external image)
- 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
About the Developer
An Gia Hung is a Vietnamese developer 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.
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11. Vista Verde (District 2)
Vista Verde is a high-end condominium project strategically located in District 2.
It’s close to District 1, District 7, District 9, and located in one of the best areas for property investments in Ho Chi Minh City at the moment. The complex will consist of four 35-story 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 image)
- 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
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 they have several other real estate projects finished or planned in Vietnam.
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12. d’Edge (District 2)
d’Edge is currently under construction and built by the same developer as Vista Verde, namely CapitaLand.
It’s one of the most luxurious real estate projects planned in District 2, with high-end apartments ready to cater to locals, foreign families, and expats alike.
The condo is located with 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 image)
- 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
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.
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13. RichLane Residences (District 7)
RichLane Residences is a high-end apartment complex close to District 1 and District 2. It’s located in the Saigon South Place, right in 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 image)
- 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
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.
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14. Charmington Iris (District 4)
Charmington Iris is a big new condominium 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 in the 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
- 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
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.
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15. Sunrise City (District 7)
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 many 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’s business district, which has significantly high growth potentials.
Project Overview
- Project: Sunrise City (external image)
- 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
About the Developer
Novaland is one of the biggest developers in Vietnam and has won plenty of awards. You’ll notice that many advertisements are 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.
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Best Districts to Buy Property in Ho Chi Minh
There are many districts and areas in Ho Chi Minh City, all with different perks. Below you’ll find the most interesting and promising districts to buy real estate in Ho Chi Minh City, all with unique features.
Buying property in 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 close to Binh Thanh (district), 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 foreign waiters and waitresses that speak fluent English (and not rarely French).
District 2 is famous for having high yields, averaging at around 8%.
Buying property in 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 appreciation, then this is probably one of your best choices.
There are many new projects being built in District 7 and you’ll not have problems finding foreign communities within a short distance.
Buying property in 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 are planned in District 9, as it’s wedged between Ho Chi Minh City and 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.
Buying property in District 4
District 4 is one of the most interesting areas from point of view.
It’s fairly small and wedged between District 1, District 7, and District 2 – more developed areas where there’s still much investment planned.
District 4 is less developed than these districts 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 districts by cab, or scooter if that’s your preference.
FAQ
Can foreigners buy property in Vietnam?
Yes, foreigners can buy property by simply having a tourist visa. Vietnam introduced new regulations to foreign ownership as late as 2015, which has resulted in a great increase of foreign property buyers.
Can foreigners rent out property in Vietnam?
Yes, foreigners have no particular issues to rent out your property in Vietnam. But be sure to get advice and help from an agent before you start renting out your property.
Can foreigners buy property from Vietnamese people?
Foreigners can buy property from Vietnamese developers on the primary market, and from Vietnamese private persons on the secondary market, if the foreign quota of 30% is not reached.
How many properties can I buy?
Generally speaking, there’s no cap to the number of properties 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 in Vietnam?
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.
Is buying property in Vietnam a good investment?
Vietnam is one of the fastest-growing countries in the world. It has some of the highest yields in Asia, the tourism industry is booming, and you see much investment in infrastructure.
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 property taxes, visas and the buying process? Check out these articles:
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