Masteri Thao Dien — Metro-Connected Luxury Apartments in Thảo Điền, Thủ Đức
Thảo Điền Investment (Masterise Homes)
Delivered 2016 · Pink books 95%
Thảo Điền's most accessible luxury project — directly connected to Metro Line 1 An Phú station with Vincom Mega Mall (140,000m²) integrated at ground level. Pink books issued, proven 3x appreciation, and the lowest entry price for metro-connected living in Thảo Điền's expat belt.
💰 5,25 tỷ – 33,3 tỷ📏 124 triệu/m²🏗️ Delivered 2016🏢 3021 units
3,021-unit luxury high-rise complex by Thảo Điền Investment (now Masterise Homes) on 8 hectares in the heart of Thảo Điền, Thủ Đức. Five towers (T1-T5) ranging 41-45 floors, integrated with Vincom Mega Mall Thảo Điền (140,000m²) and directly connected to Metro Line 1 An Phú station. Delivered Q4/2016.
Project news
Apartment resale prices rose across 1BR, 2BR, and 3BR listings
Price · Jun 2026 · domo.vn
Neighborhood
80*
Family Score
Excellent
Family appeal is strong. EtonHouse International School is next door, and a cluster of rated preschools is within 500m — making early-education access genuinely walkable for households with young children. European International School (EIS) is under 1km for primary-age students.
93
Leisure Score
Excellent
Lifestyle options are among the strongest in the district. Vincom Mega Mall — within the development — provides cinema, dining, and fashion retail at ground level, and the surrounding Thao Dien streets add a broad mix of cafés, restaurants, and casual venues within walking distance.
71
Convenience
Good
Daily convenience is solid. WinMart and a convenience store are within the development, and MM Mega Market is a short walk away for bulk shopping.
78
Health
Good
Healthcare access is solid. On-site pharmacies cover everyday needs, and Vinmec Central Park International Hospital — 2.5km away — provides specialist and emergency care without leaving the Thu Duc corridor.
100
Transit Access
Excellent
Transit access is exceptional — An Phú Station (Metro Line 1) is next door, with the podium connected directly so residents board without crossing the street.
100
Commute Ease
Excellent
22 min to Q1 Bến Thành via MRT1. 7 min walk to metro station.
68
Nightlife
Good
Nightlife is strong here. A dense concentration of bars, gastropubs, and late-night dining venues surrounds the project within 400m, making Thao Dien's social scene immediately accessible.
0
Quietness
Below Avg
Quietness is minimal here. The project's frontage on Võ Nguyên Giáp generates persistent traffic noise, and the lively Thao Dien bar and dining strip adds evening ambient sound — noise insulation should be treated as a practical requirement for highway-facing units.
* Score includes on-site amenities that are planned or under construction, not yet open.
Domo Scores™
7.6
🏠 Homeowner
Good
7.5
📈 Investor
Good
Balanced for both homeowners and investors.
Masteri Thao Dien is Thao Dien's most connected address — Metro Line 1 integrated at the podium, Vincom Mega Mall at ground level, and the district's international school belt within walking range. At 124M/m² it sits above the segment median, and buyers trade noise and high density for unmatched urban convenience.
🏠 Homeowner
Value
6.6
Livability
7.8
Legal & delivery
8.2
Location & connectivity
7.7
📈 Investor
Value
6.6
Returns & exit
7.8
Legal & delivery
8.2
Location & demand
7.7
Why the scores differ
Homeowner: A solid choice for homeowners who prioritize connectivity and lifestyle over quiet living. The Masterise/Savills platform delivers reliably: Vincom Mega Mall at ground level, Metro Line 1 integrated at the podium, and EtonHouse International School next door — a package most 2016 peers cannot match. The tradeoffs are real: high density (3,021 units, 20–24/floor), persistent highway noise on Võ Nguyên Giáp-facing towers, and elevator congestion during peak hours.
Investor: The investment case is built on liquidity and tenant depth, not yield. Masteri Thao Dien has one of HCMC's most active resale and rental markets — 1,000+ listings across platforms — anchored by the Thao Dien expat school belt and Metro Line 1 direct access. Gross yields sit around 3–3.5%, below prime, but resale prices have tripled since launch and the secondary market is consistently active. Foreign buyers must verify the 30% per-tower ownership cap before contracting.
Price & Market
Current Market Price
124 triệu/m²
📈+328% since launch
Market range
99 triệu – 145 triệu/m²
Unit price
5,25 tỷ – 33,3 tỷ
Rent
15 triệu – 125 triệu/mo
Launch price
29 triệu/m²
Est. Rental Yield4.4%
•🟢 Metro Line 1 An Phú station has been operational since December 2024 and recorded 20.5 million passengers in 2025 — 121% of target — confirming strong ridership that directly supports Masteri Thao Dien's podium-integrated value proposition.
•🟢 Resale prices rose broadly in the 45-day window to June 2026: 1BR up sharply (+12% to 129M/m²), 2BR up +9% to 120M/m², 3BR up +5% to 122M/m² — consistent secondary market momentum across all bedroom types.
•🟡 The An Phu Interchange is 78% complete but full opening is now targeted April 2027 — partial relief (HC1-02 underpass and N3 branch operational; N4 targeting July 2026) is already active, but the final N1.2 branch depends on land handover expected October 2026.
•🟡 Gross rental yields are approximately 3–3.5% at current resale prices — below the 4% threshold for a strong income case. The project is a stronger resale and capital-appreciation play than a yield play at today's prices.
•🔴 Rach Chiec National Sports Complex (70,000-seat Olympic-standard stadium, ~3km away) broke ground January 2026 with a ~2030 completion target — a meaningful long-term catalyst for the corridor but multi-year away; not a near-term pricing driver.
Last updated: June 2026
Is this a good deal?
Project
Price
Distance
Masteri Thảo Điền
124 triệu/m²
—
Masteri An Phú
similarly priced
An Phu, same developer (Masterise), slightly further from metro but established secondary market
Estella Heights
similarly priced to 15% more expensive
An Phu, boutique scale (825 units) with quieter setting but no metro connection
Empire City
30–50% more expensive
Thu Thiem, luxury segment targeting CBD-adjacent buyers with Saigon River frontage
Should you buy here?
Best for:
✓Expat families relying on Thao Dien's international school cluster (BIS, AIS, ISHCMC, EtonHouse)
✓Young professionals who commute by metro and want Vincom lifestyle at their doorstep
✓Homeowners comfortable with a large-complex urban lifestyle — high footfall, active lobby, city energy
Not ideal for:
✗Noise-sensitive homeowners — highway-facing towers have no quiet alternative
✗Buyers wanting low-density living or a private-estate feel
✗D1 car commuters — Saigon Bridge approach congestion adds 10–25 min at peak
Market Trends
Masteri Thao Dien's resale market strengthened broadly in Q2 2026, with 1BR units leading at 129M/m².
Decision Factors
Strengths
✓Metro Line 1 An Phu station directly integrated into the podium — 22 minutes to Ben Thanh, no transfers, board without crossing the street
✓Vincom Mega Mall (140,000m²) at ground level and Savills Vietnam management — a comprehensive urban lifestyle stack in one complex
✓95% of units have pink books issued; fully delivered since 2016 with clear title and no active disputes as of June 2026
✓HCMC's most liquid Thao Dien resale asset — 1,000+ active listings, consistent expat rental demand, and resale prices that have tripled since the 2014 launch
Tradeoffs
!High density (3,021 units, 20–24 per floor) and severe highway noise — Vo Nguyen Giap-facing towers experience persistent traffic sound, and elevator congestion is common during peak hours
!Priced 10% above the segment peer median at 124M/m² — rental yields are compressed to ~3–3.5% gross as price appreciation has outpaced rental growth over the decade
Watch items
?Foreign ownership quota: 30% per tower cap regularly fills — confirm availability in writing before paying deposit
?~5% of units still have pending pink book completion — verify the title status of the specific unit before purchase
?Aging building (2016 delivery, now 10 years old): some interiors require renovation; verify lift and facility maintenance schedule with Savills before committing
Unit Types
Studio
0 Beds · 1 Baths · 45–50 m²
Under review
≈ 5,58 tỷ – 6,2 tỷ est.
124 triệu/m²
Singles & couples
1BR
1 Beds · 1 Baths · 45–61 m²
5,25 tỷ – 6,3 tỷ
129 triệu/m²
Rent: 15 triệu - 19 triệu/mo
Singles & couples
2BR
2 Beds · 2 Baths · 63–85 m²
7 tỷ – 8,6 tỷ
120 triệu/m²
Rent: 17 triệu - 25 triệu/mo
Young families
3BR
3 Beds · 2 Baths · 86–144 m²
9 tỷ – 13,5 tỷ
122 triệu/m²
Rent: 21 triệu - 35 triệu/mo
Growing families
Duplex
3 Beds · 3 Baths · 111–250 m²
15 tỷ – 25 tỷ
124 triệu/m²
Rent: 43 triệu - 87,5 triệu/mo
Growing families
Penthouse
4 Beds · 4 Baths · 144–384 m²
Under review
26,8 tỷ – 33,3 tỷ
124 triệu/m²
Rent: 70 triệu - 125 triệu/mo
Growing families
Project Details
Developer
Thảo Điền Investment (Masterise Homes)
Status
Delivered 2016
Completion
2016
Total Units
3021
Towers
5
Legal Information
Launch Date
2014
Handover
2016
Construction Permit
Approved
Pink Book
Partial
Pink Book %
95%
Legal Notes
Developer: Thao Dien Investment JSC (now Masterise Homes, Techcombank affiliate; CEO Ho Anh Minh since January 2025). Construction started 2014, delivered Q4/2016. Pink books first issued September 14, 2017 — fastest issuance in HCMC at the time. ~95% of units have clear title as of mid-2026; remaining ~5% delayed by individual owner paperwork or developer financial-obligation reconciliations. Vietnamese citizens: permanent ownership; foreigners: 50-year renewable lease with 30% foreign-ownership cap per building — project regularly hits this cap, verify foreign quota in writing before paying deposit. Savills Vietnam management ongoing since handover, no contract change through June 2026. No active legal disputes or developer insolvency signals found in June 2026 searches. Address: 159 Vo Nguyen Giap, An Khanh Ward (merged from former Thao Dien Ward on 01/07/2025 per Resolution 1685/NQ-UBTVQH15), Thu Duc.
Amenities
👨👩👧Family: Indoor children's playroom and outdoor play areas. Library and reading room. 60% green space with landscaped gardens. BIS, AIS, and ISHCMC international schools within 3km.
🏋️Fitness: Rooftop pool and infinity pool. Fully-equipped fitness center. Tennis court. BBQ areas. 200m from Saigon River with riverside walking paths.
🏖️Lifestyle: Vincom Mega Mall Thảo Điền (140,000m²) integrated at ground level — cinema, supermarket, dining, fashion retail. Business center with free wifi, desks, and meeting rooms for residents.
🛒Convenience: Metro Line 1 An Phú station directly connected — 15 min to Bến Thành. 2 basement parking levels. 8 high-speed elevators per tower. Savills concierge service. 24/7 security.
🏊 Pool🌳 Garden🔥 BBQ Area🧒 Play Area🔒 Security🅿️ Car Parking🎾 Tennis Court🛍️ Shopping Mall🏋️ Gym🎮 Indoor Playroom🏍️ Motorbike Parking
Diverse mix of young Vietnamese professionals, expat families (Korean, Japanese, Western), and investors. High expat ratio driven by Thao Dien's international school cluster. Active short-term rental presence, particularly in towers facing Vo Nguyen Giap.
Things to consider (not deal breakers)
⚠️ Traffic
Xa Lộ Hà Nội congested at peak hours. Saigon Bridge approach is a known bottleneck going to D1. Metr...
Xa Lộ Hà Nội congested at peak hours. Saigon Bridge approach is a known bottleneck going to D1. Metro Line 1 An Phú station directly connected — 15 min to Bến Thành by train, bypassing all road congestion.
→ Metro Line 1 An Phu station directly connected — 15 min to Ben Thanh, eliminates car commute need to CBD. An Phu Interchange is progressively opening: HC1-02 underpass (4 lanes) and N3 branch are operational; N4 branch targets late July 2026; N1.1 and N1.3 branches target end of September 2026. The final N1.2 branch, dependent on land handover from the An Phu Urban Development Zone (expected October 2026), pushes full interchange completion to April 2027 — providing multi-level road access to Mai Chi Tho and the HCMC–Long Thanh Expressway.
🌊 Flood Risk
Thảo Điền area generally well-drained. Project elevated with modern drainage. No significant floodin...
Thảo Điền area generally well-drained. Project elevated with modern drainage. No significant flooding history.
→ Well-drained Thảo Điền area. Project elevated with dedicated stormwater management. No flooding history.
Sub-zones
🏢
T1
0 listings · 600 units
5,25 tỷ - 33,3 tỷ
99 triệu - 145 triệu/m²
🏢
T2
0 listings · 580 units
5,25 tỷ - 33,3 tỷ
99 triệu - 145 triệu/m²
🏢
T3
0 listings · 600 units
5,25 tỷ - 33,3 tỷ
99 triệu - 145 triệu/m²
🏢
T4
0 listings · 620 units
5,25 tỷ - 33,3 tỷ
99 triệu - 145 triệu/m²
🏢
T5
0 listings · 621 units
5,25 tỷ - 33,3 tỷ
99 triệu - 145 triệu/m²
Growth Catalysts
✅Long Thành International Airport: commercial flights commenced June 2026 (25M pax/year Phase 1) (2026)
🚧Ring Road 3: Thu Duc section open since April 30; western 32.6 km sections slip to Q4 2026 amid material shortages (2026)
🚧An Phu Interchange: N4 targeting late July 2026; N1.1/N1.3 September 2026; full completion pushed to April 2027 (2027)
🚀Rach Chiec National Sports Complex: VND 145,600B groundbreaking January 15, 2026; accelerated target ~2030 (2030)
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This area scores 93 for Leisure Score · 80 for Family Score
Explore Vietnam
Delivered 2016
