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Explore Vietnam
0 of 1 delivered
Phú Long
0 of 1 sub-zone delivered · 1 upcoming
Rare riverside compound in D5 at 4-canal confluence — 5-star hotel, IMAX mall, and 1,216 apartments designed by Broadway Malyan with CBRE management, 10 min to D1 via Võ Văn Kiệt.
Mixed-use riverside complex at the confluence of 4 Saigon canals in District 5. Investor: Sài Gòn Vina (Land Saigon, LSG). Developer: Phú Long (Sovico Holdings). Four residential towers (Ruby, Sapphire, Emerald, Carnelian) plus a 53-story hotel/office tower and 6-floor shopping mall. Designed by Broadway Malyan (UK), Surbana (Singapore), and Pentago (Malaysia). Managed by CBRE. Construction halted for years — ~35,000m² ordered demolished for unauthorized construction in 2019. UBND TPHCM cleared the project to resume permit and investment procedures in early 2026; construction permits remain pending.
Balanced for both homeowners and investors.
Dragon Riverside City offers a rare canal-confluence riverside site in central D5 with a compelling planned compound — hotel, IMAX mall, sky garden, and CBRE management — but buyers are entering a project that has yet to break ground, with construction permits still pending and a decade-old demolition order unresolved as of May 2026. The February 2026 UBND clearance is a genuine milestone; how quickly the remaining legal gates close determines whether this is a delayed opportunity or a prolonged wait.
Homeowner: A mixed proposition for homeowners — compelling D5 riverside location with a planned hotel-and-mall compound, but every on-site amenity is undelivered and construction has not started. The surrounding neighborhood is genuinely strong: Le Hong Phong Gifted High School (ranked #2 in HCMC) is within 1.1 km and specialist hospitals are walkable, so the external environment rewards families who can wait. The core livability trade-offs are high ambient noise from the Chợ Lớn commercial streetscape, moderate flood exposure at the 4-canal confluence, and the real execution uncertainty that comes with a small-cap developer still awaiting SSC sign-off on its capital raise.
Investor: A speculative entry that requires patience and risk tolerance. Pricing is fair at the mid-segment peer median, and the February 2026 UBND clearance finally broke a decade-long legal freeze — the strongest forward signal in the project's history. But no secondary market exists, SSC approval for the developer's capital raise is still outstanding, the 35,000 m² demolition order remains unresolved, and construction permits have not been issued. The primary yield catalyst — Metro Line 2 (2030) — is four years out. Investors need a 5–6 year horizon and must be comfortable with serial execution dependencies from a small-cap sponsor.
| Unit price | 3 tỷ – 8,5 tỷ |
| Launch price | 38 triệu/m² |
| Project | Price | Distance |
|---|---|---|
| Dragon Riverside City | 63 triệu/m² | — |
| Grand Marina Saigon | 60–80% more expensive | Ultra-luxury D1 central-river frontage — Marriott-branded, delivered; Dragon Riverside targets buyers priced out of D1 wanting a comparable riverfront address |
| Celadon City | 25–35% cheaper | Large delivered masterplan in Tân Phú — suburban, lower noise, stronger amenity delivery certainty; trades the canal-confluence location premium for a calmer residential environment |
Primary asking prices are established at ~63M/m², in line with the mid-segment peer median; no prior snapshot exists to track a directional trend, and buyers should treat current pricing as indicative pre-sales guidance pending permit issuance.
| Developer | Phú Long |
| Status | 0 of 1 delivered |
| Total Units | 1228 |
| Towers | 4 |
| Launch Date | 2026-12 |
| Construction Permit | Pending |
| Pink Book | pending |
| Pink Book % | 0% |
| Legal Notes | Long-term ownership for Vietnamese nationals; 50-year for foreigners. Investor: Sài Gòn Vina (Land Saigon, LSG, UPCoM). LSG Annual General Meeting on April 23, 2026 formally approved the 2,000B VND share offering (9:20 ratio, 200M new shares at 10,000 VND each): 1,500B for Dragon Riverside City investment (2026-2030 disbursement), 350B for debt restructuring, 150B for working capital. AGM also approved the 2026 plan: revenue 225.95B (+19%), after-tax profit 118.41B (+477% vs 2025 actual 20.51B). 2026 project capex committed: 957.59B for Dragon Hill Premier + 261.21B for Dragon Mall & Dragon Tower (1,218.80B total). UBND TPHCM cleared the project to resume permit and investment procedures in early 2026 after years of legal freeze — biggest legal breakthrough in a decade. Land Saigon published roadmap: complete construction permit procedures by August 2026, begin Dragon Hill Premier structural construction in September 2026, open first-batch sales in December 2026. UNRESOLVED RISKS: SSC clearance for the share issuance still pending as of May 2026. Construction permits not yet issued. ~35,000m² unauthorized construction (basements B1/B2 = 25,000m² + 9,700m² ground-floor portions of 4 towers) under 2019 demolition order remains unresolved. Pink books: 0% issued — none can be issued until structural completion and handover. Project address now in Phường Chợ Quán (post-July 2025 ward consolidation merging old Phường 1, 2, 4 of District 5). Buyers must verify legal status directly. |
Dragon Riverside City
| CBD (peak) | 19 min |
| CBD (off-peak) | 15 min |
| Airport (peak) | 54 min |
| Airport (off-peak) | 43 min |
| Long Thành (peak) | 68 min |
| Long Thành (off-peak) | 62 min |
The project targets Vietnamese middle-class families and the established Chinese-Vietnamese community of the D5/Chợ Lớn area, alongside young professionals drawn by the central location and Võ Văn Kiệt connectivity. District 5 carries a strong cultural identity rooted in Chợ Lớn heritage, and the project's hotel-managed compound model is designed to appeal to buyers seeking a quality living standard above the surrounding streetscape's typical offerings.
