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Under construction · Handover 2028
Lotte Group, Mitsubishi Corporation, Mitsubishi Estate, Toshiba Corporation
Under construction · Handover 2028
$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.
Balanced for both homeowners and investors.
Lotte Eco Smart City is one of HCMC's most significant pre-launch projects — a $2.2B Lotte-Mitsubishi-Toshiba joint venture in the heart of Thu Thiem's IFC zone, priced 16% below the ultra-luxury peer median, but committed buyers are ahead of building permits, tower delivery, and a still-finalizing ownership structure.
Homeowner: A good choice for homeowners who want an IFC-core Saigon River waterfront address before the district matures. Premium build quality — NBBJ-designed towers, Toshiba smart city infrastructure, 3.2-meter ceilings — and riverside parks within 600 m and a curated bilingual school at 1.3 km give the location genuine day-to-day value. The key tradeoff: all on-site amenities remain planned and undelivered, medical access is limited to nearby clinics, and the construction-zone noise environment is among the highest in HCMC.
Investor: The investment thesis is Thu Thiem IFC appreciation, not yield. Secondary market pricing already sits at a 23% premium over primary — high-confidence evidence of early investor conviction — but there are 2+ years before any income is possible and building permits remain gated on the Phat Dat stake-transfer contract. The pedestrian bridge opening in September 2026 and Metro Line 2 Thu Thiem extension (~2031) are real catalysts, but this is a 5-10 year patience play; investors who need near-term rental income or short-term liquidity should look elsewhere.
| Unit price | 9,3 tỷ – 190 tỷ |
| Launch price | 350 triệu/m² |
| Project | Price | Distance |
|---|---|---|
| Eco Smart City | 350 triệu/m² | — |
| Empire City | 250 triệu/m² | 0.4 km |
| The Metropole | 310 triệu/m² | 0.7 km |
Secondary resale signals at a 23% premium over primary confirm early investor conviction in the Thu Thiem IFC thesis, but executed primary sales data awaits permit resolution and an official launch.
| 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/QD-UBND June 2022), land allocation (Decision 2862/QD-UBND August 2022), and environmental approval (Decision 679/QD-UBND March 2023) all completed. NFPA 5000 (2021) fire safety standard adopted. On May 26, 2026, Phat Dat Real Estate Development Corporation (PDR) and Lotte Properties HCMC signed a Memorandum of Understanding for Phat Dat to acquire approximately 35% equity in Eco Smart City (valued at over 17,500 billion VND; net book value 9,310 billion VND as of March 31, 2026). Phat Dat deposited 900 billion VND. PDR conducted a written shareholder resolution June 11–22, 2026, which passed with 533.4 million shares in favor — 53.46% of total eligible voting shares. The approved investment amount is 10,400 billion VND. The shareholder approval gate is now cleared; the full stake transfer contract between PDR and Lotte Properties HCMC is still being finalized. Building permits for the towers and the official sales launch remain pending until the final contract closes. |
Eco Smart City
| Airport (peak) | 51 min |
| Airport (off-peak) | 41 min |
| Long Thành (peak) | 61 min |
| Long Thành (off-peak) | 53 min |
| CBD (peak) | 16 min |
| CBD (off-peak) | 11 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