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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.
A distinctive D5 riverside compound at fair mid-market pricing with proximity to one of HCMC's top public high schools — but pre-construction, construction permits still pending, and an unresolved 2019 demolition order on the unauthorized basements makes this a compelling address only for buyers who can commit to a multi-year legal and construction timeline.
Homeowner: A mixed case for homeowners. The D5 canal-confluence address is genuinely distinctive — Broadway Malyan design, dual frontage on Võ Văn Kiệt, and Le Hong Phong Gifted High School within 1 km (one of HCMC's top two public high schools). The binding constraint is legal: construction permits remain pending, the basements carry a 2019 demolition order, and Land Saigon still needs SSC clearance for its capital raise. Noise is also a real concern in this Chợ Lớn corridor. Patient homeowners who value the address and can wait out the legal timeline will find it compelling; those needing certainty should look at delivered alternatives.
Investor: The investment thesis is location-led but execution-constrained. Priced near the mid-segment peer median and with Metro Line 2 (2030) as a forward catalyst, the D5 riverside address offers genuine long-term demand from local professionals and the Chợ Lớn community. The near-term picture is murkier: Land Saigon still awaits SSC clearance for its 2,000B VND capital raise, construction permits are pending, and no secondary-market evidence exists to price the exit. Investors entering now are underwriting a 3-5 year legal and construction runway with no interim liquidity.
| Unit price | 3 tỷ – 8,58 tỷ |
| Launch price | 38 triệu/m² |
| Project | Price | Distance |
|---|---|---|
| Dragon Riverside City | 63 triệu/m² | — |
| Eco Green Saigon | Similarly priced | Canal-adjacent in D7, delivered and occupied — contrast to Dragon Riverside City's pre-construction status; fewer legal complications but a different district character |
| Celadon City | Similarly priced | Large mid-segment township in Tân Phú with operating malls and schools, but 6+ km from the CBD — trades Dragon Riverside City's central address for a more self-contained suburban campus |
Primary market asking prices are stable at ~63M VND/m²; the next material trigger is construction permit issuance, targeted for August 2026 per the developer's published roadmap.
| 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). 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. 2026 project capex committed: 957.59B for Dragon Hill Premier + 261.21B for Dragon Mall & Dragon Tower (1,218.80B total). NEW (2026): 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. This partnership supplements the pending SSC share offering as an additional capital channel. 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 June 2026: SSC clearance for the share issuance still pending. 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 in Phường Chợ Quán (post-July 2025 ward consolidation). Buyers must verify legal status directly. |
Dragon Riverside City
| CBD (peak) | 19 min |
| CBD (off-peak) | 15 min |
| Airport (peak) | 57 min |
| Airport (off-peak) | 44 min |
| Long Thành (peak) | 75 min |
| Long Thành (off-peak) | 62 min |
The D5/Chợ Lớn area draws a mix of Vietnamese middle-class families and the Chinese-Vietnamese community with deep roots in this district. Young professionals attracted by the central location and Võ Văn Kiệt connectivity also form part of the buyer pool. District 5 has a strong cultural identity anchored in Chợ Lớn heritage.
