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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.
A rare canal-confluence address in central D5 priced near the mid-segment peer level, with strong schools and hospitals around it. The binding constraint is delivery: the site has not broken ground, permits and the revised capital raise are unconfirmed, and a 35,000 m² demolition order from 2019 is unresolved, so this is a long-horizon, risk-tolerant buy.
Homeowner: A mixed proposition for homeowners: a rare canal-confluence address in central D5, but nothing on-site exists yet and the legal path is still open. The surrounding area suits families, with a top public primary school about 520 m away and Le Hong Phong High School for the Gifted about 1.1 km, though noise is high and flood exposure at the four-canal confluence is moderate. Construction permits and the developer's revised capital raise were still unconfirmed in October 2026.
Investor: A speculative entry rather than a yield play. Pricing sits close to the mid-segment peer level, but there is no resale or rental market yet, the 35,000 m² demolition order is unresolved, and permits and the revised 1,650B VND capital raise are unconfirmed. Metro Line 2, targeting 2030, is the main long-term catalyst, so investors need a multi-year horizon and tolerance for sponsor risk.
| Unit price | 3 tỷ – 8,45 tỷ |
| Launch price | 38 triệu/m² |
| Project | Price | Distance |
|---|---|---|
| Dragon Riverside City | 63 triệu/m² | — |
| Grand Marina Saigon | About 6x more expensive on resale | Delivered, branded D1 riverfront with a working resale market; Dragon Riverside offers a riverside address at a fraction of the price but with unbuilt delivery risk |
| Celadon City | About 10% cheaper on resale | Delivered Tân Phú township with a working resale market and lower noise; trades the central D5 canal-confluence location for delivery certainty |
Primary pricing is flat at about 63M/m² (60–65M/m² range) across observed snapshots, with no resale activity to confirm it.
| Developer | Phú Long |
| Status | 0 of 1 delivered |
| Total Units | 1216 |
| 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). UPDATED (Aug 2026): Land Saigon submitted a revised capital plan to shareholders (voting Aug 18 - Sep 4, 2026): a 1,650B VND share offering (6:11 ratio, 165 million shares at 10,000 VND) replacing the April 2026 AGM's 2,000B VND / 200 million-share plan; of this, 1,500B is earmarked for Dragon Riverside City (2026-2030 disbursement) and 150B for working capital. The company also proposed cutting the project's total investment estimate from 12,725B VND to 6,878B VND, split into Dragon Hill Premier (3,829B VND) and Dragon Mall/Dragon Tower (2,984B VND). This revised plan is pending shareholder and SSC approval. Separately, Dai A Land sold down its Land Saigon stake from ~13.6% to ~2.5% on June 23, 2026, exiting major-shareholder status. 2026 project capex previously committed: 957.59B for Dragon Hill Premier + 261.21B for Dragon Mall & Dragon Tower. Land Saigon signed a co-development agreement with Phương Nam Global Investment and Development Company valued at 516B VND total (86B licensing fee + up to 430B capital contribution), with the first payment of 139B VND due within 90 days of signing. UBND TPHCM cleared the project to resume permit and investment procedures in early 2026 - 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 as of August 2026: construction permits not yet confirmed 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 in Phường Chợ Quán (post-July 2025 ward consolidation). Buyers must verify legal status directly. Oct 2026 check: searches found no published confirmation that the construction permit was issued, that the shareholder vote (Aug 18 - Sep 4, 2026) was approved, or that Dragon Hill Premier construction started; the August permit and September start targets in the published roadmap are therefore unconfirmed. |
Dragon Riverside City
| CBD (peak) | 16 min |
| CBD (off-peak) | 14 min |
| Airport (peak) | 52 min |
| Airport (off-peak) | 37 min |
| Long Thành (peak) | 67 min |
| Long Thành (off-peak) | 63 min |
Expected to draw Vietnamese middle-class families and Chinese-Vietnamese households rooted in Chợ Lớn, plus young professionals who value the central location and Võ Văn Kiệt access. District 5 has a strong cultural identity tied to its Chinese-Vietnamese heritage.
