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Under construction · Handover 2028
Lotte Group, Mitsubishi Corporation, Mitsubishi Estate, Toshiba Corporation
Under construction · Handover 2028 · Selling
$2.2 billion Lotte-Mitsubishi-Toshiba joint venture in the core of Thu Thiem's IFC zone — 60-story landmark tower, Toshiba smart city technology, Saigon River frontage, and the largest Korean-led real estate investment in HCMC.
Lotte Eco Smart City is a 7.45-hectare mega mixed-use development in Thu Thiem's IFC zone, directly on the Saigon River. Developed by Lotte Group (Korea) in a joint venture with Mitsubishi Corporation, Mitsubishi Estate, and Toshiba Corporation, the project represents a $2.2 billion total investment — the largest Korean-led real estate venture in Ho Chi Minh City. The masterplan features 10 towers ranging from 12 to 60 stories, delivering approximately 1,400 apartments alongside A+ office towers, a 5-star hotel, and Lotte Mall. Residential towers are designed by NBBJ; the commercial complex by CallisonRTKL. Toshiba provides integrated smart city infrastructure covering energy management, IoT building systems, and automated logistics. All apartments have 3.2-meter ceiling heights and the complex sits on 5 basement levels built to NFPA fire safety standards. The project occupies Functional Zone 2A — the core of Thu Thiem's designated international financial center — adjacent to Thu Thiem Central Square and the Saigon River pedestrian promenade.
Better for long-term living than for investing.
A landmark pre-sale in Thu Thiem's IFC core — Saigon River waterfront, $2.2B Lotte-Mitsubishi-Toshiba consortium, and dual-access to District 1 at HCMC's most ambitious urban address. The binding constraint before buying is a two-part gate: the 35% stake transfer must close and building permits must be issued before the official sales launch can proceed.
Homeowner: A promising homeowner option for those who can tolerate pre-delivery risk. The project occupies one of HCMC's most prestigious addresses — Thu Thiem IFC waterfront with dual District 1 access — backed by the Lotte-Mitsubishi-Toshiba consortium, and the surrounding Sala–District 1 corridor delivers excellent daily conveniences and walkable parks. Key constraints are the pending construction permit and the unresolved 35% stake transfer, both of which must close before the project can formally launch; residents must also accept high ambient noise inherent to this urban IFC location.
Investor: The investment case is forward-looking with meaningful uncertainty. No resale or rental listings exist to anchor a yield estimate, and the thesis rests on two open dependencies: completion of the 35% stake transfer and building-permit issuance. Once resolved, the site's IFC-core position — adjacent to Thu Thiem Central Square and steps from the planned pedestrian bridge to District 1 — provides a credible long-term demand thesis, but investors should price in a 2028+ timeline and concentration risk in the ultra-luxury segment.
| Unit price | 9,3 tỷ – 190 tỷ |
| Launch price | 350 triệu/m² |
| Project | Price | Distance |
|---|---|---|
| Eco Smart City | 350 triệu/m² | — |
| Empire City | 263 triệu/m² | 0.4 km |
| The Metropole | 302,7 triệu/m² | 0.7 km |
Primary pricing is stable at the developer's announced range; no secondary market has formed yet.
| Developer | Lotte Group, Mitsubishi Corporation, Mitsubishi Estate, Toshiba Corporation |
| Status | Under construction · Handover 2028 |
| Completion | 2028 |
| Total Units | 1400 |
| Towers | 10 |
| Handover | 2028 |
| Construction Permit | Pending |
| Pink Book | pending |
| Pink Book % | 0% |
| Legal Notes | Land use fee of 16,190 billion VND paid July 2025. Master plan (1/500, Decision 2172/QĐ-UBND June 2022), land allocation (Decision 2862/QĐ-UBND August 2022), and environmental approval (Decision 679/QĐ-UBND March 2023) all completed. NFPA 5000 (2021) fire safety standard adopted. The HCMC Finance Department has recommended approval in principle for Lotte Properties HCMC to transfer up to 35% stake to a Vietnamese partner. As of April 2026 three candidates remain in negotiation: Sơn Kim Land (first priority), Hướng Việt Investment, and Phát Đạt (second priority — per Chairman Nguyễn Văn Đạt at the April 24, 2026 Phát Đạt AGM, who confirmed the deal is in the final round but Phát Đạt sits behind a lead candidate with no formal decision from Lotte yet). No formal decision from Lotte as of May 2026. Building permits for the towers remain pending — the gating event for the official sales launch. Foundation pile work and technical infrastructure are actively under construction on site; foundation/basement completion targeted mid-2026 with tower bodies beginning to rise in 2H 2026. |
Eco Smart City
| CBD (peak) | 15 min |
| CBD (off-peak) | 11 min |
| Airport (peak) | 50 min |
| Airport (off-peak) | 39 min |
| Long Thành (peak) | 60 min |
| Long Thành (off-peak) | 54 min |
Affluent professionals, Korean and Japanese expats connected to the Lotte-Mitsubishi ecosystem, and upper-income Vietnamese families seeking Saigon River waterfront living in Thu Thiem's financial district.
Register early for priority pricing when sales open
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