One Central Saigon - Ritz-Carlton Residences at Ben Thanh, District 1
Masterise Homes
Vietnam's first Ritz-Carlton Hotel and Residences with direct underground access to Ben Thanh Metro Station — the only ultra-luxury address in HCMC combining this brand and this transit infrastructure.
💰 28,9 tỷ – 297 tỷ📏 748,2 triệu/m²🏗️ Under construction · Handover 2029🏢 391 units
A twin-tower mixed-use complex branded One Central Saigon, on 8,600 m² at the Ben Thanh landmark intersection in District 1, developed by Masterise Homes. The 48-floor East Tower holds 391 Ritz-Carlton Residences — the first Ritz-Carlton-branded apartments in Ho Chi Minh City. The 55-floor West Tower houses Grade-A offices and Vietnam's first Ritz-Carlton Hotel, with both towers designed by Arquitectonica.
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Pre-Launch Project
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Project news
Masterise Group publicly launches One Central Saigon on May 13, 2026
Construction · May 2026 · media-outreach.com
Masterise Homes officially acquires the project and relaunches as Masterise Towers Bến Thành
Legal · May 2026 · thanhnien.vn
Area news
Vietnam upgraded to FTSE Russell Secondary Emerging Market status, effective September 21, 2026
Market · Sep 2026 · theinvestor.vn
Masterise Homes named Developer of the Year – Vietnam at Real Estate Asia Awards 2026
Market · May 2026 · vietnamnet.vn
Neighborhood
87
Family Score
Excellent
Family amenities are solid for a central urban address. Nguyen Thai Hoc Elementary School — among HCMC's best public primary schools — is 370m away, and a top-ranked public high school is 350m away; September 23rd Park provides green space at 680m.
100
Leisure Score
Excellent
Lifestyle access is excellent from day one. The streets around Bến Thành offer a broad mix of cafés and restaurants within walking distance, supplemented by the planned 58,400 m² Retail and F&B Podium at the base of both towers.
100
Convenience
Excellent
Daily convenience is exceptional here. Banks, ATMs, and convenience stores cluster within 150–300m of the building, making routine errands entirely walkable from any point in the immediate area.
93
Health
Excellent
Medical access is strong. Nhan Dan Gia Dinh Hospital Branch 2 is next door at 247m, providing specialist care on foot, with additional clinics and Saigon ENT Hospital adding further options within 400m.
100
Transit Access
Excellent
Transit access is exceptional. Ben Thanh Metro Station — the central hub of Metro Line 1 (operational since December 2024) — is 120m away, and the planned underground link through the development's podium will provide a weatherproofed, street-free route to the station.
100
Commute Ease
Excellent
6 min to Q1 Bến Thành. 6 min walk to first stop. The planned underground link through the development's podium will provide a weather-protected route to Ben Thanh Station, bypassing the congested Phạm Ngũ Lão street-level approach entirely.
100
Nightlife
Excellent
The nightlife scene is among HCMC's densest at this address. Bars, cocktail venues, and karaoke spots concentrate within 150–350m along the Bến Thành–Phạm Ngũ Lão corridor — the city's most internationally recognized entertainment strip.
0
Quietness
Below Avg
Quietness is very poor at this location. The Ben Thanh roundabout, tourist foot traffic, and a dense concentration of bars and late-night venues generate some of HCMC's most persistent ambient noise around the clock.
Domo Scores™
6.3
🏠 Homeowner
Mixed
6
📈 Investor
Mixed
Balanced for both homeowners and investors.
Vietnam's only Ritz-Carlton Residences address — hotel-grade daily services, a direct underground link to Ben Thanh Metro hub, and the most iconic District 1 location available. The conditions: construction timeline risk is real after multiple prior halts, pricing sits at Vietnam's absolute ceiling, and there is no on-site green space on this compact 0.86 ha site.
🏠 Homeowner
Value
4
Livability
7.6
Legal & delivery
6.1
Location & connectivity
7.3
📈 Investor
Value
4
Returns & exit
6.5
Legal & delivery
6.1
Location & demand
7.1
Why the scores differ
Homeowner: A compelling but narrowly defined homeowner choice. Vietnam's only Ritz-Carlton Residences address delivers hotel-grade services daily — pool, spa, fine dining, concierge, and housekeeping — that are structurally superior to any typical condo operator. The direct underground link to Ben Thanh Metro and walkable access to top-ranked public schools round out a genuinely strong central package. The honest tradeoffs: Ben Thanh roundabout noise is among the highest in HCMC, the 0.86 ha site has no on-site green space, pink books won't arrive until post-handover (~2028–2029), and price sits at Vietnam's ceiling.
Investor: A prestige-anchored investment with genuine structural advantages and real liquidity constraints. The Ritz-Carlton brand and controlled supply of 391 units create a price floor that most luxury projects lack, and the direct underground metro link is a structural differentiator. The honest concern: at Vietnam's ceiling price per m², the resale buyer pool is very thin — ultra-luxury exits in HCMC remain largely untested — and rental yields at this price point will cap below 3%. Pre-delivery status (handover ~2028–2029) means capital is illiquid for at least two years, and foreign investors face a 50-year leasehold constraint.
Price & Market
Current Market Price
748,2 triệu/m²
📈+3% since launch
Unit price
28,9 tỷ – 297 tỷ
Launch price
725 triệu/m²
•🟢 Vietnam's only Ritz-Carlton Residences — 391 units at the Ben Thanh Metro hub with no direct brand competitor anywhere in HCMC at this tier
•🟢 Underground metro connection (Line 1 operational since December 2024; Line 2 under construction for a 2030 interchange at Ben Thanh) is a structural differentiator that other District 1 luxury towers cannot replicate
•🟡 Masterise Homes named Developer of the Year – Vietnam at Real Estate Asia Awards 2026 (evaluated by an independent panel from EY, PwC, KPMG, and Rajah & Tann Singapore) — adds credibility evidence at a pre-delivery stage where execution remains the key buyer concern
•🔴 Construction experienced multiple halts from 2017–2025; restarted November 2025 with a 48-month permit extension — buyers should treat delivery timeline as uncertain, not confirmed
•🟡 Vietnam's FTSE Russell upgrade to Secondary Emerging Market status (effective September 2026) is projected to trigger approximately USD 6 billion in passive and active fund inflows, with expected positive spillover to institutional sentiment for trophy District 1 assets (CBRE, May 2026)
Last updated: June 2026
Is this a good deal?
Project
Price
Distance
One Central
748,2 triệu/m²
—
The Grand Manhattan
Lower — upper-luxury tier without Ritz-Carlton-managed services
District 1 near Ben Thanh — comparable location, no hotel-operator management
Metropole Thu Thiem
Comparable luxury pricing — different developer and brand positioning
Thu Duc City across the river — emerging luxury address versus established District 1 core
Masterise Centre Point
Significantly lower — upper-mid segment, same Masterise developer family
Binh Thanh waterfront — Saigon River views but further from District 1 CBD
Should you buy here?
Best for:
✓Ultra-HNW buyers who want hotel-grade daily services and Vietnam's strongest residential brand address
✓Foreign executives and expats with long HCMC tenures who want metro-connected District 1 living at the top of the market
✓Buyers for whom prestige and scarcity outweigh price sensitivity or delivery certainty
Not ideal for:
✗Anyone outside an ultra-luxury budget — this is priced at Vietnam's ceiling with no value-for-money positioning
✗Families prioritizing on-site schools or private green space — neither is available on this compact 0.86 ha site
✗Homeowners who need near-term delivery certainty — construction history makes 2028–2029 an estimate, not a guarantee
Market Trends
Ultra-luxury District 1 pricing has held firm while the broader market softened; thin secondary volume at this price point means price discovery is limited, but the Ritz-Carlton brand and controlled supply of 391 units provide structural price support.
Decision Factors
Strengths
✓Vietnam's only Ritz-Carlton Residences — hotel-grade concierge, housekeeping, fine dining, pool, and spa as permanent residential services managed by Marriott International
✓Direct underground pedestrian link to Ben Thanh Metro Station (Exit 4 & 5) — Metro Line 1 operational since December 2024, Metro Line 2 (Ben Thanh–Tham Luong, broke ground January 2026) targeting a 2030 interchange at the same hub
✓Top-ranked public schools within walking distance: Nguyen Thai Hoc Elementary School (#3 in HCMC public primary rankings) at 370m and Ernst Thälmann High School (#21 in HCMC public high school rankings) at 350m
Tradeoffs
!Ben Thanh roundabout noise is among HCMC's highest — the surrounding tourist and traffic activity is constant, and the 0.86 ha footprint provides no buffer or on-site green space
!Vietnam's highest price per m² — buyers are paying for brand and location; any resale depends on finding another ultra-HNW buyer in a thin and largely untested market
!Foreign buyers face a 50-year leasehold (renewable) and a 30% per-building ownership quota — confirm quota availability before reserving
Watch items
?Construction timeline: the project experienced multiple halts from 2017–2025; construction restarted November 2025 with a 48-month permit extension (Construction Permit Amendment No. 14, issued November 10, 2025) — verify on-site progress before committing capital
?Pink books not yet issued — Vietnamese nationals receive long-term freehold but documentation is expected post-handover (~2028–2029); legal entity on record is Cong ty TNHH Sai Gon Glory; Masterise Homes officially acquired in May 2026
?Floor count correction: developer's May 2026 launch press release specifies seven above-ground commercial levels for the retail podium; older marketing materials cite nine — verify with developer before citing podium size
Unit Types
Officetel
0 Beds · 1 Baths · 45–75 m²
Under review
≈ 33,67 tỷ – 56,11 tỷ est.
748,2 triệu/m²
Singles & couples
1BR
1 Beds · 1–2 Baths · 88–112 m²
Under review
≈ 65,84 tỷ – 83,79 tỷ est.
748,2 triệu/m²
Singles & couples
2BR
2 Beds · 2–3 Baths · 118–158 m²
Under review
≈ 88,28 tỷ – 118,21 tỷ est.
748,2 triệu/m²
Young families
3BR
3 Beds · 3–4 Baths · 158–215 m²
Under review
≈ 118,21 tỷ – 160,85 tỷ est.
748,2 triệu/m²
Growing families
Duplex
3–4 Beds · 3–4 Baths · 200–320 m²
Under review
≈ 149,63 tỷ – 239,41 tỷ est.
748,2 triệu/m²
Growing families
Penthouse
4–5 Beds · 4–5 Baths · 350–600 m²
Under review
≈ 261,86 tỷ – 448,9 tỷ est.
748,2 triệu/m²
Growing families
Project Details
Developer
Masterise Homes
Status
Under construction · Handover 2029
Total Units
391
Towers
2
Legal Information
Handover
2029
Construction Permit
Approved
Pink Book
pending
Legal Notes
Project under construction with 48-month permit extension approved October 16, 2025 (HCMC People Committee dispatch No. 2973/UBND-DT). Legal entity on record: Cong ty TNHH Sai Gon Glory; Masterise Homes officially acquired the project in May 2026 and held the public launch of One Central Saigon on May 13, 2026. Vietnamese nationals receive long-term freehold ownership (so hong so huu lau dai); foreign buyers subject to 50-year leasehold and 30% per-building foreign-ownership quota. No pink books issued — expected post-handover (~2028-2029). Construction Permit Amendment No. 14 issued November 10, 2025. Marriott International partnership with Masterise Homes confirmed February 2026. Searched June 2026: One Central Saigon so hong, Masterise Towers phap ly, Saigon Glory legal entity — no new pink book issuance or construction permit changes found.
Amenities
👨👩👧Family: Children's play area on-site. No on-site school — nearest international schools are 10-15 minutes by car in Districts 1 and 3.
🏋️Fitness: Ritz-Carlton-managed pool, spa, and fitness center operated to hotel standards — professional staffing and maintenance that typical condo gyms do not match.
🏖️Lifestyle: Full Ritz-Carlton hotel services — fine dining, room service, concierge, and housekeeping available to all residential owners. Nine-floor retail and F&B podium at the base of both towers.
🛒Convenience: Six basement levels of car and motorbike parking. Direct underground walkway to Ben Thanh Metro Station. 58,400 m² retail within the development.
🧒 Play Area🔒 Security🅿️ Car Parking🛍️ Shopping Mall🏍️ Motorbike Parking
Ultra-high-net-worth Vietnamese business owners and foreign executives who want hotel-grade services as a daily residential standard. The combination of a central District 1 address, metro access, and Ritz-Carlton management attracts buyers for whom prestige and service quality outweigh price sensitivity.
Things to consider (not deal breakers)
⚠️ Traffic
Ben Thanh roundabout is one of HCMC's busiest intersections — peak-hour gridlock is routine. Phạm Ng...
Ben Thanh roundabout is one of HCMC's busiest intersections — peak-hour gridlock is routine. Phạm Ngũ Lão and adjacent streets are narrow and congested by tourist activity.
→ Underground pedestrian access to Ben Thanh Metro Station eliminates car dependency for daily commutes within the metro corridor.
🌊 Flood Risk
The District 1 core is among HCMC's least flood-prone areas due to higher ground elevation and subst...
The District 1 core is among HCMC's least flood-prone areas due to higher ground elevation and substantial drainage investment. The site sits above surrounding street level.
→ District 1's drainage infrastructure is among the city's best — flood frequency here is substantially lower than in southern or western districts.
Direct underground pedestrian walkway connecting to Ben Thanh Metro Station (Exit 4 & 5), the central terminus of HCMC's metro network. One of very few residential developments in the city with a direct, weather-protected metro connection.
Retail and F&B Podium
Nine-floor, 58,400 m² retail and F&B podium at the base of both towers at the Ben Thanh landmark intersection. Among the largest podium retail footprints attached to any District 1 residential development.
Ritz-Carlton Hotel
Vietnam's first Ritz-Carlton Hotel, occupying the upper floors of the 240m West Tower with approximately 250 rooms. Condo owners and hotel guests share the same service infrastructure — an arrangement that underpins day-to-day amenity management quality in the residential tower.
Sky Pool & Spa
Ritz-Carlton-managed pool and spa facility positioned at high floors in the residential tower with panoramic Ben Thanh and city views. Operated to hotel spa standards — meaningfully different from typical condo pool management in staffing and maintenance quality.
Explore Vietnam
Under construction · Handover 2029
