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Delivered 2020
Quốc Cường Gia Lai
Delivered 2020 · Pink books 55%
Riverfront high-rise at South Saigon's busiest intersection — three sides on the Rạch Đĩa, directly opposite SC VivoCity, walking distance to RMIT
Lavida Plus is a mixed-use residential development by Quốc Cường Gia Lai on approximately 2.2 hectares at the intersection of Nguyễn Văn Linh and Nguyễn Hữu Thọ in Tân Phong Ward, District 7. The project delivers 1,665 residential and officetel units across two 33-storey towers (Blocks A and B) and a 6-storey commercial podium (Block C), directly opposite SC VivoCity mall. Three sides of the site border the Rạch Đĩa River, integrating a 4,000 m² riverside park into the development.
Balanced for both homeowners and investors.
A solid mid-range entry for District 7 riverside living — SC VivoCity nearby, SSIS within 1 km, and an on-site riverside park make it a genuinely well-serviced address for its price band. Partial pink-book coverage (~55% of site) and Quốc Cường Gia Lai's going-concern audit flag are the key due-diligence items for both homeowners and investors before committing.
Homeowner: A solid mid-range pick for homeowners who prioritise lifestyle access over quiet. SC VivoCity directly opposite, SSIS within 1 km, and an on-site riverside park deliver a genuinely well-serviced daily environment — above what comparable mid-range District 7 buildings typically offer. The main tradeoffs are high ambient noise from the two major arterials meeting at the entrance, moderate flood risk from the three-sided river frontage, and a non-tier-1 developer whose 2025 audit raised going-concern concerns about building management continuity and pink-book completion.
Investor: The investment case is supported by real rental demand and an active secondary market. SC VivoCity proximity and the university cluster drive a diversified tenant pool, with gross yields estimated at 4–6% depending on unit type; officetel resale prices rose sharply in the latest snapshot window, pointing to continued investor interest in this segment. The risks to underwrite are Quốc Cường Gia Lai's going-concern audit flag — as both developer and building manager, its financial health directly affects management continuity — partial pink-book coverage limiting title certainty for approximately 45% of the site, and the Metro Line 4 corridor catalyst remaining unconfirmed despite a Q1 2027 groundbreaking commitment.
| Market range | 40 triệu – 69 triệu/m² |
| Unit price | 1,4 tỷ – 6,1 tỷ |
| Rent | 7 triệu – 60 triệu/mo |
| Launch price | 45 triệu/m² |
| Project | Price | Distance |
|---|---|---|
| Lavida Plus | 59 triệu/m² | — |
| Sky Garden (Phú Mỹ Hưng) | Similarly priced, with a Phú Mỹ Hưng address premium for the more established community | Within the Phú Mỹ Hưng planned zone; more mature retail and greenway infrastructure |
| Midtown Phú Mỹ Hưng | Premium above Lavida Plus, reflecting central Phú Mỹ Hưng positioning | Central Phú Mỹ Hưng, adjacent to Crescent Mall and the PMH commercial core |
| Sunrise Riverside | Slightly below Lavida Plus, reflecting a Nhà Bè rather than District 7 address | Riverside in Nhà Bè with less surrounding commercial infrastructure |
The secondary market is broadly stable near 59 million VND/m² overall, with officetel and 1-bedroom units showing upward momentum and the 2-bedroom segment softening in the latest snapshot period.
| Developer | Quốc Cường Gia Lai |
| Status | Delivered 2020 |
| Total Units | 1665 |
| Towers | 3 |
| Handover | 2020 |
| Construction Permit | Approved |
| Pink Book | Partial |
| Pink Book % | 55% |
| Legal Notes | Pink book status is legally complex. The project land use rights certificate (CI 234771) covers only 11,967 m² of the 21,894 m² total site area (~55%). A criminal investigation launched December 2019 over the below-market 2016–2017 land transfer from Tân Thuận Company (a state-linked entity) to QCGL caused Block B construction to halt. Legal obstacles were resolved by Q3 2024, enabling an August 2024 re-launch of approximately 400 remaining Block B units. Broker sources as of October 2025 report individual apartment sổ hồng are available for units backed by the issued land certificate, with long-term ownership for Vietnamese citizens. In the 2025 annual audit published April 2026, WHY Audit and Consulting flagged material going-concern uncertainty for Quốc Cường Gia Lai: current liabilities of VND 3,924.6 billion exceeded current assets of VND 2,240.7 billion as of December 31, 2025, driven largely by a VND 1,682.8 billion court-ordered obligation related to the Bắc Phước Kiển project. QCG reported equity of VND 4,744.6 billion and stated it can meet obligations, but the going-concern flag is material given QCGL is also the project management company. Buyers should verify the land-certificate coverage for their specific unit before signing. |
Lavida Plus
| CBD (peak) | 37 min |
| CBD (off-peak) | 25 min |
| Airport (peak) | 73 min |
| Airport (off-peak) | 52 min |
| Long Thành (peak) | 71 min |
| Long Thành (off-peak) | 60 min |
Young professionals, university lecturers, and small families drawn to South Saigon's educational and commercial corridor. Officetel units attract business operators and remote workers seeking a combined home-office address; the large officetel block creates a mixed residential profile across the complex.
