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Explore Vietnam
Phú Long
Under construction · Pre-sale
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. Project on government inspection list since 2025. Legal clearance expected Q4/2025.
Better for long-term living than for investing.
The legal logjam may finally be breaking. UBND TPHCM approved Dragon Riverside City to proceed in early 2026, and Land Saigon is raising 2,000B VND for construction restart in September. At 60-65M/m² this is still a speculative play, but the risk profile has improved materially from 2025.
| Project | Price | Distance |
|---|---|---|
| The Everrich Infinity | 85-117 million/m² (resale) | Same D5, delivered 2018, established community — the proven, risk-free alternative |
| Masteri Millennium | 50-55 million/m² (resale) | D4 Bến Vân Đồn, delivered 2018, canal view — cheaper and already liveable |
| Charmington Iris | 45-55 million/m² (resale) | D4 nearby, delivered, more affordable — budget alternative in same area |
End-user: Poor project — difficult to recommend. Attractive D5 riverside location and ambitious design cannot overcome 35,000m² of illegal construction, government inspection, 10+ year delays, no handover date, and a financially weak developer. You cannot live here and there is no clear timeline for when you could.
Investor: Poor project — difficult to recommend. Capital at serious risk. No rental income possible, no resale market exists, and the project faces existential legal threats including possible demolition orders. Entry price of 60-65M/m² is not cheap enough to compensate for the probability of total loss.
| Developer | Phú Long |
| Construction | Construction |
| Total Units | 1228 |
| Towers | 4 |
| Launch Date | 2026-12 |
| Construction Permit | pending |
| Pink Book | not_issued |
| Pink Book % | 0% |
| Legal Notes | Long-term ownership for Vietnamese nationals, 50-year for foreigners. Investor: Sài Gòn Vina (Land Saigon, LSG). MAJOR DEVELOPMENT: In early 2026, UBND TPHCM approved Dragon Riverside City to proceed with legal procedures including construction permits, land financial obligations, and investment procedures — effectively clearing the project after years of legal freeze. Land Saigon plans to complete construction permits by August 2026 and begin structural construction of Dragon Hill Premier in September 2026, with first sales launch targeted December 2026. BACKGROUND: In 2019, HCMC ordered demolition of ~35,000m² unauthorized construction (basements B1/B2 = 25,000m² + 9,700m² ground floor of 4 towers). Developer fined 325M VND. Project was on Government Inspectorate inspection list (July 2025). UBND TPHCM formed special task force March 2025. The task force meeting resulted in approval for the project to continue. Land Saigon is raising 2,000 billion VND via share offering (9:20 ratio, 200M shares at 10,000 VND) — 1,500 billion for project investment (2026-2030), 350 billion for debt restructuring, 150 billion for working capital. 2025 revenue: 190.11 billion (110% of plan), profit: 20.51 billion (1,006% of plan). Still HIGH RISK — construction permits not yet issued, no confirmed handover date. Buyer must verify legal status directly. |
Dragon Riverside City
| CBD (peak) | 20–30 min via Võ Văn Kiệt or Trần Hưng Đạo |
| CBD (off-peak) | 10–15 min |
| CBD (motorbike) | 10–15 min |
| Airport (peak) | 30–40 min |
| Airport (off-peak) | 20–25 min |
Mix of Vietnamese middle-class families and Chinese-Vietnamese community in the D5/Chợ Lớn area. Young professionals attracted by central location and Võ Văn Kiệt connectivity. District 5 has a strong cultural identity anchored in the Chợ Lớn Chinese-Vietnamese heritage.
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