Looking up HCMC’s highest high-end homes

By Vu Pham, Nguyen Tuong
Fri, September 30, 2022 | 9:36 am GMT+7

Housing projects like The River Thu Thiem, Lumière Riverside, Grand Marina Saigon, and The Opera Residence are home to the most expensive penthouses in Ho Chi Minh City.

Penthouses on the top floor of high-end projects belong to the super-rich segment with prices starting from $8,000 per square meter (psm).

A typical penthouse has at least two floors with inside stairs. The outside is usually covered with tempered glass, offering a wide, sweeping view.

In the price range of $8,000 psm are penthouses at: The River Thu Thiem, co-developed by Refico and CII; The Marq by Hongkong Land; and Lumiere Riverside by Masterise Homes.

Even more high-end penthouses that cost $13,000-15,000 psm are at The Opera Residence and The Metropole Thu Thiem, both developed by Son Kim Land.

Meanwhile, penthouse prices from Grand Marina Saigon by Masterise Homes are in the $18,000-25,000 psm range.

The CapitaLand-developed Zenity project on Vo Van Kiet Avenue has four 180 sq.m penthouses, all offering sweepings view of HCMC. They boast Western-European architecture and cost about VND27.5 billion (nearly $1.15 million) each.

View from a penthouse at the Zenity project in Ho Chi Minh City. Photo courtesy of Zenity.

View from a penthouse at the Zenity project in Ho Chi Minh City. Photo courtesy of Zenity.

The Albany project, jointly developed by Son Kim Land and Hamon Developments in the Thao Dien area, Thu Duc city, has 22 “six-star” penthouses, each priced at about VND50.4 billion ($2.11 million), including 217 sq.m of built up area and 189 sq.m of garden.

Also in Thu Duc city on HCMC’s outskirts, the Vinhomes Grand Park project sells its penthouses for VND16.5-28 billion ($691,000-$1.17 million) each. The houses have areas of 224-370 sq.m.

The largest penthouses are in the Empire City project in Thu Thiem New Urban Area, with floor areas of up to 450 sq.m. Located in different buildings, the prices vary. In March 2021, a penthouse in this project was put on sale for VND161 billion (around $6.74 million).

The Sunwah Pearl project developed by Sunwah Group in Binh Thanh district has four penthouses with prices ranging from VND128-160 million ($5,360-6,700) psm.

Comments (0)
  • Read More
$120 mln export ambition: What drives Vietnam’s home appliance giant Sunhouse to strengthen position in global supply chain?

$120 mln export ambition: What drives Vietnam’s home appliance giant Sunhouse to strengthen position in global supply chain?

The prominent presence of Sunhouse, Vietnam’s leading home appliance brand, at the 139th Canton Fair reinforces its strategic direction to become a key manufacturing partner in the global supply chain.

Companies - Thu, May 7, 2026 | 2:10 pm GMT+7

Vietnam makes 'huge difference' in terms of accessibility criteria: FTSE Russell exec

Vietnam makes 'huge difference' in terms of accessibility criteria: FTSE Russell exec

Vietnam has made “significant progress in meeting the requirements” over the past two years for an upgrade from frontier market to secondary emerging market status, said Wanming Du, FTSE Russell's Asia-Pacific director of index policy.

Finance - Thu, May 7, 2026 | 11:54 am GMT+7

Taiwan's electronics major Lite-On to pump additional $149 mln into Vietnam arms

Taiwan's electronics major Lite-On to pump additional $149 mln into Vietnam arms

Taiwanese electronics maker Lite-On Technology plans to inject an additional $149 million into its wholly owned subsidiaries in Vietnam, as part of efforts to expand production capacity and strengthen its manufacturing footprint.

Industries - Thu, May 7, 2026 | 8:00 am GMT+7

FedEx forms strategic tie-up with Viettel Post in push for Vietnam expansion

FedEx forms strategic tie-up with Viettel Post in push for Vietnam expansion

FedEx Express and Viettel Post, an arm of Vietnam's military-run telecom giant Viettel, have announced a strategic partnership with a view to strengthening nationwide delivery capabilities and enhance cross-border logistics connectivity.

Companies - Wed, May 6, 2026 | 5:16 pm GMT+7

Van Phu Invest, T&T Group exit Hanoi’s $27 bln Red River megaproject consortium

Van Phu Invest, T&T Group exit Hanoi’s $27 bln Red River megaproject consortium

Two more developers, Van Phu Invest and T&T Group, have withdrawn from the investor consortium for Hanoi’s Red River Scenic Boulevard project, leaving a three-member group to pursue the plan.

Real Estate - Wed, May 6, 2026 | 3:10 pm GMT+7

Gemadept eyes integrated maritime group expansion

Gemadept eyes integrated maritime group expansion

Gemadept is shifting strategy toward becoming an integrated maritime logistics group, as the company embarks on a new expansion cycle focused on shipping and inland waterway transport.

Companies - Wed, May 6, 2026 | 2:39 pm GMT+7

Five notable trends in Vietnam’s industrial real estate

Five notable trends in Vietnam’s industrial real estate

FDI inflows remain central to driving demand for industrial real estate. However, the trend is shifting - from a focus on processing and assembly toward high-tech manufacturing, research and development, writes Phung Xuan Minh, chairman of Saigon Ratings.

Industrial real estate - Wed, May 6, 2026 | 12:45 pm GMT+7

Middle East revenue share limited, impact manageable: top seafood exporter Vinh Hoan

Middle East revenue share limited, impact manageable: top seafood exporter Vinh Hoan

Vinh Hoan Corporation's revenue exposure to the Middle East remains limited, helping shield the company from geopolitical tensions in the region, said its chairwoman Truong Le Khanh.

Companies - Wed, May 6, 2026 | 11:11 am GMT+7

Banks should cut lending rates to lowest possible level: Deputy PM

Banks should cut lending rates to lowest possible level: Deputy PM

Vietnam’s Deputy Prime Minister Nguyen Van Thang has called for lending rates to be reduced to the lowest possible level, with a focus on priority sectors to better support businesses and economic growth.

Banking - Wed, May 6, 2026 | 8:50 am GMT+7

Japan’s Nishi-Nippon Railroad plans to build 22,000 homes in Vietnam by 2035

Japan’s Nishi-Nippon Railroad plans to build 22,000 homes in Vietnam by 2035

Japan’s Nishi-Nippon Railroad, widely known as Nishitetsu, plans to develop 22,000 housing units in Vietnam by 2035 via a partnership with local developer Nam Long Investment Corporation (HoSE: NLG).

Real Estate - Tue, May 5, 2026 | 9:49 pm GMT+7

Vietnam's tech unicorn VNG books record quarterly profit since 2022 listing

Vietnam's tech unicorn VNG books record quarterly profit since 2022 listing

Vietnam’s tech unicorn VNG (UPCoM: VNZ) reported its highest quarterly profit since going public in 2022, as growth across core business segments and tighter cost controls lifted earnings in Q1/2026.

Companies - Tue, May 5, 2026 | 4:01 pm GMT+7

Dragon Capital Vietnam posts best quarterly profit in 3 years

Dragon Capital Vietnam posts best quarterly profit in 3 years

Dragon Capital Vietnam (UPCoM: DCV) reported its strongest quarterly earnings in three years, driven by robust growth in investment advisory and asset management activities.

Companies - Tue, May 5, 2026 | 3:44 pm GMT+7

Petrolimex profit confusion rattles investors amid disclosure delay

Petrolimex profit confusion rattles investors amid disclosure delay

Petrolimex, Vietnam's biggest gasoline retailer by market share, has come under scrutiny after delays and conflicting signals around its Q1/2026 earnings triggered sharp swings in its shares, highlighting risks for investors amid information gaps.

Companies - Tue, May 5, 2026 | 3:24 pm GMT+7

Intel shifts data center chip production line to Vietnam

Intel shifts data center chip production line to Vietnam

Intel is relocating a production line for data center chips from Costa Rica to its Vietnam facility, reinforcing the Southeast Asian country’s role in the giant's global supply chain.

Industries - Tue, May 5, 2026 | 1:01 pm GMT+7

PVS Q1 profit rises 45%, warranty provisions surge

PVS Q1 profit rises 45%, warranty provisions surge

PetroVietnam Technical Services Corporation or PTSC (HNX: PVS), a subsidiary of state-owned Petrovietnam, reported a 45% increase in Q1 net profit for 2026, supported by the handover of several large projects, though a sharp rise in warranty provisions weighed on margin expansion.

Companies - Tue, May 5, 2026 | 11:42 am GMT+7

‘Vegetarian-fed pork’ brand owner BAF posts record quarterly profit

‘Vegetarian-fed pork’ brand owner BAF posts record quarterly profit

BAF Vietnam Agriculture JSC, known for its “vegetarian-fed pork” brand, reported a record net profit of VND206 billion ($7.82 million) in the first quarter of 2026, marking its highest quarterly earnings on record.

Companies - Tue, May 5, 2026 | 8:17 am GMT+7