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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.
A pre-delivery Lotte-Mitsubishi-Toshiba riverside address in the Thu Thiem IFC core, with flood-safe ground, parks nearby and a short run to District 1, priced around 350M/m² (250-450M range). The tradeoff is a multi-year wait: pink book pending, tower permits and the official sales launch unconfirmed, and high noise with construction across the zone.
Homeowner: A promising but not-yet-proven choice for homeowners who can wait. Lotte, Mitsubishi and Toshiba backing, 3.2 m ceilings, minimal flood risk and Saigon Riverfront Park about 570 m away are real strengths, but nothing is delivered, Lotte Mall and Central Plaza are still plans, and noise is rated high with construction across Thu Thiem for years to come.
Investor: A long-horizon bet on the Thu Thiem financial district rather than an income play. The sponsor is strong and the main legal steps were cleared in July 2026, but there is no rental history, tower permits and the sales launch are unconfirmed, and exit liquidity is unproven until delivery.
| 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 |
These are first price readings with no earlier baseline, so no trend can be measured: primary around 350M/m² (250-450M) and secondary asks of 380-480M/m².
| 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 | 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) completed. Lotte Properties HCMC reported completing its land-use-fee obligations (17,569 billion VND in total) on July 31, 2026. Phat Dat (PDR) shareholders approved a 10,400 billion VND investment on June 22, 2026; HCMC People's Committee Decision 4102/QD-UBND (July 3, 2026) approved the capital-contribution transfer, and Phat Dat now holds 35% of Lotte Properties HCMC (transferred contribution value ~1,473 billion VND). Press reports say Blocks 2-1 and 2-3 are scheduled to start construction on October 23, 2026 (36 months). No tower building permit or official residential sales launch confirmed in sources found; pink books not started (pre-handover). Management company not announced. |
Eco Smart City
| Airport (peak) | 46 min |
| Airport (off-peak) | 39 min |
| Long Thành (peak) | 58 min |
| Long Thành (off-peak) | 54 min |
| CBD (peak) | 14 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, once the project is delivered.
Register early for priority pricing when sales open