Compact 312-unit Novaland tower opposite the State Bank with a rooftop infinity pool and a one-bridge commute into District 1 — the smallest and quietest of the Bến Vân Đồn riverfront cluster.
💰 4,8 tỷ – 9,5 tỷ📏 93 triệu/m²🏗️ Delivered 2015🏢 312 units
ICON 56 is a single-tower 25-storey condominium by Novaland at 56 Bến Vân Đồn, in the riverside area colloquially known as District 4 (now Phường Xóm Chiếu following the 2025 HCMC administrative reorganisation), directly opposite the State Bank of Vietnam headquarters and a short bridge crossing from District 1. The 312-unit project sits on a compact 2,994 m² riverside plot bounded on three sides by the Bến Nghé and Saigon River channels, with a signature rooftop infinity pool on the top floor designed by Singapore firm ONG&ONG.
Area news
Novaland's $300M offshore bond waiver approved by ~86% of bondholders, June 2026
Market · Jun 2026 · vietstock.vn
HCMC new land price table takes effect January 2026, raising the taxable base for property transactions citywide
Policy · Jan 2026 · hdnd.hochiminhcity.gov.vn
Neighborhood
78
Family Score
Good
Family fit is solid for schooling and early education, though not for on-site play space. Nguyen Thai Hoc Elementary, one of HCMC's top public primary schools, is about 680 m away and preschools sit within 230 m.
97
Leisure Score
Excellent
Lifestyle options are deep and walkable, with well-reviewed cafés and neighborhood restaurants along Bến Vân Đồn and its side streets. Takashimaya Vietnam, about 1.0 km away, covers department-store retail.
96
Convenience
Excellent
Daily essentials are effectively at the door. A WinMart+ is next door, with several convenience-store branches within about 250 m, so routine shopping rarely needs a vehicle.
82
Health
Excellent
Medical access is strong, with Sai Gon ENT Hospital nearby at about 550 m and Sai Gon International General Hospital close behind. Pharmacies and dental clinics within about 500 m cover routine care.
89
Transit Access
Excellent
Transit access is strong: a bus stop is about 120 m away, and Ben Thanh Station, the Metro Line 1 terminus, is about 820 m away.
100
Commute Ease
Excellent
18 min to Q1 Bến Thành via 155. 2 min walk to bus stop.
100
Nightlife
Excellent
Nightlife is a defining strength, with cocktail bars and karaoke lounges clustered within roughly 150-400 m. That makes evenings out an easy walk, though it also feeds the area's noise.
0
Quietness
Below Avg
Quiet is the main compromise here: ambient noise is rated high, driven by cocktail bars and karaoke venues within roughly 150-400 m. The building is compact, but the surrounding street stays active into the evening.
Domo Scores™
7.5
🏠 Homeowner
Good
7.5
📈 Investor
Good
Balanced for both homeowners and investors.
A good fit for District 1 workers who want a compact pink-booked riverside tower and can live with a lively, noisy street. The tradeoffs are a 2015 building with thin amenities and no on-site school, plus peak-hour bridge congestion and Novaland's ongoing restructuring, which make management due diligence worthwhile.
🏠 Homeowner
Value
7.6
Livability
7.1
Legal & delivery
8.7
Location & connectivity
7
📈 Investor
Value
7.6
Returns & exit
7.3
Legal & delivery
8.7
Location & demand
7
Why the scores differ
Homeowner: A good choice for homeowners who want a compact riverside tower one bridge from District 1. Pink books are issued for all 312 units and resale pricing sits below comparable upper-mid projects, but the building dates from 2015 with a thin amenity package, and the surrounding bar and karaoke scene makes the street noisy.
Investor: This is a steady rental-and-resale case, not a growth story. District 1 professionals and expat tenants support demand and resale listings are active, but yields look to be only around 4%, upside is capped by the older, small tower, and Novaland's ongoing restructuring is worth monitoring.
Price & Market
Current Market Price
93 triệu/m²
📈+69% since launch
Market range
83 triệu – 102 triệu/m²
Unit price
4,8 tỷ – 9,5 tỷ
Rent
15 triệu – 29 triệu/mo
Launch price
55 triệu/m²
Est. Rental Yield3.7%
•🟢 Pink books are issued for all 312 units, and resale listings in August 2026 still came with pink books, which supports resale liquidity.
•🟢 At about 93M/m², resale pricing sits roughly 15% below the upper-mid peer median of 110M/m² (41 comparable projects).
•🟡 Resale snapshots range from about 89M/m² (March) to 93M/m² for 1BR (June) and 97M/m² for 2BR (October), but unit mix differs between snapshots, so this is not a confirmed uptrend.
•🟡 According to CBRE (May 2026), former-HCMC secondary condo prices averaged about 67M/m², up 32.3% year on year. This is market-wide context and does not by itself show ICON 56 re-rating.
•🟡 Metro Line 2 (Bến Thành-Tham Lương) broke ground on 16 January 2026 with a Q4 2030 service target, while the Bến Vân Đồn road-reserve update has no confirmed construction start, so both are long-dated catalysts.
Last updated: October 2026
Is this a good deal?
Project
Price
Distance
ICON 56
93 triệu/m²
—
Saigon Royal Residence
Higher price per m², at the premium end of the Bến Vân Đồn cluster
Same street, about 200 m east, with a larger podium and more river-facing units
Galaxy 9
Similarly priced
Two blocks north on Nguyễn Khoái, a larger four-tower complex
RiverGate Residence
Slightly cheaper
Same street, about 600 m east, a denser three-tower complex with serviced floors
Should you buy here?
Best for:
✓District 1 commuters who want river views without District 1 prices
✓Urban singles and couples who want dining, cafés and nightlife on the doorstep
✓Buyers who prefer a small 312-unit building over 1,000+ unit complexes
Not ideal for:
✗Families needing on-site schools, sports courts or large podium amenities
✗Light sleepers who want a quiet street
✗Buyers who want brand-new construction or modern smart-home specs
Market Trends
Observed resale snapshots sit around 89-97M/m² (typical about 93M/m²), a stable segment where movement between snapshots reflects unit mix rather than a confirmed re-rating.
Decision Factors
Strengths
✓Pink books are issued for all 312 units, and the October 2026 re-check found no disputes or title issues.
✓One bridge from District 1: transit to Q1 Bến Thành takes about 18 minutes, and Ben Thanh Station on Metro Line 1 is about 820 m away.
✓Daily life is well served on foot, with WinMart+ next door and hospitals and preschools within roughly 550 m.
✓Resale pricing of about 93M/m² sits below comparable upper-mid projects, and the 25th-floor rooftop infinity pool is a rare feature in this part of the city.
Tradeoffs
!Street-level noise is high because of the bar and karaoke cluster within roughly 150-400 m.
!The 2015 building has a limited podium, a compact gym and no on-site school or mall, so amenities lag newer riverside rivals.
!Bến Vân Đồn backs up around the State Bank intersection at roughly 7:30-8:30 AM and 5:30-6:30 PM before the Calmette and Khánh Hội bridges.
Watch items
?Novaland is still restructuring. This has no direct project-level impact found, but confirm the PMC service agreement, management continuity and maintenance budget before buying.
?Resale snapshots are low-confidence (about 0.60-0.70) and mix unit sizes, so verify recent comparable sales for the specific layout rather than relying on the 89-97M/m² range.
?No resident-review digest is on file, so parking ratio, elevator reliability and security are undocumented. Ask the management office and visit at peak hours.
Unit Types
1BR
1 Beds · 1 Baths · 47–51 m²
Under review
4,8 tỷ – 5,2 tỷ
102 triệu/m²
Rent: 15 triệu - 17 triệu/mo
Singles & couples
2BR
2 Beds · 2 Baths · 79–80 m²
Under review
6,4 tỷ – 7,7 tỷ
90 triệu/m²
Rent: 17 triệu - 23 triệu/mo
Young families
3BR
3 Beds · 2–3 Baths · 87–112 m²
Under review
7,2 tỷ – 9,5 tỷ
85 triệu/m²
Rent: 20 triệu - 29 triệu/mo
Growing families
Penthouse
3–4 Beds · 3–4 Baths · 150–220 m²
Under review
≈ 13,95 tỷ – 20,46 tỷ est.
93 triệu/m²
Growing families
Project Details
Developer
Novaland
Status
Delivered 2015
Total Units
312
Towers
1
Legal Information
Handover
2015
Construction Permit
Approved
Pink Book
Issued
Legal Notes
Pink books fully issued for all 312 units — one of the few completed projects on Bến Vân Đồn with no outstanding title issues. Long-term Vietnamese ownership. Building operations managed by PMC (Property & Management Company). Re-searched October 2026: no new disputes, encumbrances or title issues found; resale listings (Aug 2026) continue to be offered with pink books. Developer Novaland is still restructuring, with no direct project-level impact; buyers should confirm PMC service agreements and maintenance budget before purchase.
Amenities
👨👩👧Family: Small playground at podium level and a community room sized for resident events. No on-site kindergarten or school — families use options in Quận 1 and Quận 4 within a short drive.
🏋️Fitness: Compact gym (~60 m²) on a podium floor and the rooftop pool double as the fitness offer. No tennis or multi-purpose courts on site.
🏖️Lifestyle: Rooftop infinity pool with city and river views, ground-floor garden and BBQ deck. Limited on-site F&B — residents rely on the dense Bến Vân Đồn restaurant strip immediately outside.
🛒Convenience: Two basement levels plus mezzanine parking serve cars and motorbikes, 24/7 security and a small utility/convenience store at podium. Banks, supermarkets and Vincom Đồng Khởi sit within 10 minutes by car.
🌳 Garden🔥 BBQ Area🧒 Play Area🔒 Security🅿️ Car Parking🏍️ Motorbike Parking
Bến Vân ĐồnVõ Văn Kiệt boulevardCalmette Bridge to District 1Khánh Hội Bridge to Nguyễn Tất Thành
🔇 High Noise🌊 None Flood🛣️ Near Highway
A mix of professionals working in District 1 and a meaningful share of expat tenants, including Japanese and Korean families drawn by the short commute and river views. The single 312-unit tower is smaller than the larger Bến Vân Đồn neighbours (Saigon Royal, RiverGate, Millennium), though the street around it is lively.
Things to consider (not deal breakers)
⚠️ Traffic
Bến Vân Đồn funnels into the Calmette and Khánh Hội bridges at peak hours, with backups around the S...
Bến Vân Đồn funnels into the Calmette and Khánh Hội bridges at peak hours, with backups around the State Bank intersection between 7:30–8:30 AM and 5:30–6:30 PM. The Nguyễn Tất Thành / Hoàng Diệu cluster on the Khánh Hội side is the single worst pinch point in the area.
→ Two short bridge crossings into District 1 give residents a choice (Calmette north, Khánh Hội east), and motorbike commutes into District 1 stay under 10 minutes outside peak windows.
🌊 Flood Risk
The Bến Vân Đồn frontage was rebuilt with the canal embankment upgrade and now sits well above tide ...
The Bến Vân Đồn frontage was rebuilt with the canal embankment upgrade and now sits well above tide level — flooding here is rare even on king-tide days that affect older Quận 4 streets one block inland.
→ The Bến Nghé canal embankment was raised during the 2010s rehab and the project's basement entry sits at boulevard level — no recurring flood incidents on record at the building.
Notable Places
Rooftop Infinity Pool
Overflow infinity pool on the 25th floor designed by ONG&ONG, looking out over the Saigon River and the District 1 skyline. Among the few rooftop pools in District 4 and the most-cited reason buyers choose ICON 56 over the larger Bến Vân Đồn neighbours.
Explore Vietnam
Delivered 2015
