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 – 220 tỷ📏 694,2 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 Ritz-Carlton Residences — the first Ritz-Carlton-branded apartments in Ho Chi Minh City — with published unit counts differing (350, 391 and 420), so verify the total with the developer. The 55-floor West Tower houses Grade-A offices and Vietnam's first Ritz-Carlton Hotel, with both towers designed by Arquitectonica.
📋
Pre-Launch Project · 2026-05-13
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Project news
Twin towers reach topping-out, construction moves to façade glazing and interior fit-out
Construction · Jul 2026 · baycungem.net
Masterise Group publicly launches One Central Saigon on May 13, 2026
Construction · May 2026 · media-outreach.com
Masterise officially launches One Central Saigon with cranes back on site
Construction · May 2026 · news.tuoitre.vn
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 access is strong for a central address, with schools and parks on foot. Nguyen Thai Hoc Elementary School, one of HCMC's top public primary schools, is about 370 m away, and September 23rd Park about 680 m.
100
Leisure Score
Excellent
Leisure options are very deep and walkable. Takashimaya Vietnam is about 400 m away, surrounded by a dense mix of cafés and restaurants, and the project's own retail and F&B podium is planned on-site.
100
Convenience
Excellent
Daily errands can be done entirely on foot. Banks and convenience stores sit within about 150-300 m, with a WinMart+ supermarket nearby for groceries.
93
Health
Excellent
Medical access is very strong for a central address. Nhan Dan Gia Dinh Hospital Branch 2 is next door and Sai Gon ENT Hospital is about 360 m away, with dental and general clinics close by.
100
Transit Access
Excellent
Ben Thanh Station on HCMC Metro Line 1 is about 120 m away, with the Saigon Bus Station about 90 m from the site. The planned Ben Thanh Metro Underground Link will add a direct connection on-site.
100
Commute Ease
Excellent
6 min to Q1 Bến Thành. 6 min walk to first stop. The planned Ben Thanh Metro Underground Link will connect the project directly to Ben Thanh Station, where Metro Line 2 is targeting an interchange by 2030.
100
Nightlife
Excellent
Nightlife is a core strength here, with a dense concentration of late-night venues within about 350 m. Bars, cocktail lounges and karaoke give residents a full evening scene on foot.
0
Quietness
Below Avg
Quiet is the weak point here, with noise exposure at its highest. Bars, karaoke and late-night lounges sit within roughly 150-350 m, on top of constant traffic and tourist activity around Ben Thanh.
Domo Scores™
6.3
🏠 Homeowner
Mixed
5.9
📈 Investor
Mixed
Better for long-term living than for investing.
A trophy District 1 address with the only Ritz-Carlton Residences in Vietnam and a walk-through metro link, best for homeowners and investors who can wait. The cost is a price near 700M VND/m², a noisy and congested junction, and a handover estimated for 2028 with pink books still pending.
🏠 Homeowner
Value
4.4
Livability
7.1
Legal & delivery
6.1
Location & connectivity
7.3
📈 Investor
Value
4.4
Returns & exit
6
Legal & delivery
6.1
Location & demand
7.1
Why the scores differ
Homeowner: A prestige-first choice for homeowners who can wait for delivery. Ritz-Carlton-run services, an underground walk to Ben Thanh Station and hospitals, schools and dining on foot make daily life easy once the towers are handed over. The tradeoffs are an entry price around 700M VND/m², a loud and congested junction with little green space, and a handover estimated for 2028 with pink books still pending.
Investor: This is a brand-scarcity bet, not a yield play. Masterise's relaunch and the July 2026 topping-out lower the delivery risk, but there is no resale or rental track record, pricing sits far above other ultra-luxury projects, and exit before handover will be thin. It suits investors who can hold through 2028 and beyond.
Price & Market
Current Market Price
694,2 triệu/m²
📉-4% since launch
Unit price
28,9 tỷ – 220 tỷ
Launch price
725 triệu/m²
•🟢 Ben Thanh Station is the Metro Line 1 terminus, which carried about 20 million riders in 2025 (114% of target), and Line 2 is under construction with a 2030 target and an interchange at the same station
•🟢 Masterise Homes, named Developer of the Year – Vietnam at the Real Estate Asia Awards 2026, relaunched the project in May 2026, and the towers topped out in July 2026
•🟡 Primary quotes near 700M VND/m² are far above the ultra-luxury peer median of roughly 420M VND/m², so the price rests on the Ritz-Carlton brand and the Ben Thanh location rather than on comparable sales
•🔴 Handover is estimated for 2028 at year-level precision and pink books are still pending, after construction halts between 2017 and 2025, so timeline risk is real
•🟡 Per CBRE (Q1 2026), HCMC condo absorption was 76% in the former city area, with floating mortgage rates of 12-15% the main headwind to demand
Last updated: October 2026
Is this a good deal?
Project
Price
Distance
One Central
694,2 triệu/m²
—
The Grand Manhattan
Lower — luxury tier without hotel operator branding
District 1 near Ben Thanh, a similar location without Ritz-Carlton managed services
Metropole Thu Thiem
Comparable luxury tier, different developer and brand positioning
Thu Duc City across the river, an emerging luxury zone versus the established District 1 core
Masterise Centre Point
Significantly lower — upper-mid segment from the same developer family
Bình Thạnh waterfront with Saigon River views but further from the District 1 CBD
Should you buy here?
Best for:
✓Wealthy homeowners and executives who want Ritz-Carlton-run services and a walk to Ben Thanh Station and the District 1 CBD
✓Foreign buyers who fit within the 30% per-building ownership quota
Not ideal for:
✗Mid-range buyers, as pricing is among the highest in Vietnam
✗Anyone needing certain near-term delivery
✗Families needing on-site schools, green space or a quiet setting
Market Trends
Primary quotes settled near 700M VND/m² (650M-800M) in the latest snapshot, below May's wider range, and no resale or rental history exists before handover.
Decision Factors
Strengths
✓Only Ritz-Carlton Residences address in Vietnam, with pool, spa and services run to hotel standards and shared with the Ritz-Carlton hotel in the West Tower
✓Underground pedestrian link to Ben Thanh Station, where Metro Line 1 has run since December 2024 and Line 2 is under construction targeting 2030
✓Daily life works on foot: hospitals, a top public primary school, parks, dining and everyday retail all sit within roughly 100-700 m
✓Masterise Homes relaunched the project in May 2026 after construction restarted in November 2025, and the towers topped out in mid-2026
Tradeoffs
!Typical primary quotes near 700M VND/m² (650M-800M range) sit far above other ultra-luxury peers and well above the roughly 91M VND/m² CBRE reports for former-HCMC primary condos (Q1 2026)
!Dense, loud junction: ambient noise is rated high, Ben Thanh roundabout gridlocks at peak hours, and the compact site offers little outdoor green space
!No on-site school, so families rely on schools in the surrounding districts
Watch items
?Handover is only a year-level estimate for 2028 and the project has a history of construction halts from 2017 to 2025; confirm the schedule and contract penalty terms before paying
?Pink books are not yet issued (legal status pending) and the 48-month permit extension was granted in late 2025; foreign buyers are limited to 30% of each building, so check quota availability
?Published unit counts differ (350, 391 and 420 residences) and price snapshots are low-confidence, so verify the total and the current price list with the developer
Unit Types
Officetel
0 Beds · 1 Baths · 45–75 m²
Under review
≈ 31,24 tỷ – 52,07 tỷ est.
694,2 triệu/m²
Singles & couples
1BR
1 Beds · 1–2 Baths · 88–112 m²
Under review
≈ 61,09 tỷ – 77,75 tỷ est.
694,2 triệu/m²
Singles & couples
2BR
2 Beds · 2–3 Baths · 118–158 m²
Under review
≈ 81,92 tỷ – 109,69 tỷ est.
694,2 triệu/m²
Young families
3BR
3 Beds · 3–4 Baths · 158–215 m²
Under review
≈ 109,69 tỷ – 149,26 tỷ est.
694,2 triệu/m²
Growing families
Duplex
3–4 Beds · 3–4 Baths · 200–320 m²
Under review
≈ 138,85 tỷ – 222,16 tỷ est.
694,2 triệu/m²
Growing families
Penthouse
4–5 Beds · 4–5 Baths · 350–600 m²
Under review
≈ 242,98 tỷ – 416,54 tỷ est.
694,2 triệu/m²
Growing families
Project Details
Developer
Masterise Homes
Status
Under construction · Handover 2029
Total Units
391
Towers
2
Legal Information
Launch Date
2026-05-13
Handover
2029
Construction Permit
Approved
Pink Book
pending
Legal Notes
Pre-handover project; pink books not yet issued. 48-month construction permit extension granted late 2025. Foreign buyers subject to 30% per-building quota. Searched Oct 2026: no new pink-book or permit news 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. Retail and F&B podium at the base of both towers.
🛒Convenience: Six basement levels of parking. Direct underground walkway to Ben Thanh Metro Station. Roughly 20,000 m² of retail within the development per launch materials.
🧒 Play Area🔒 Security🅿️ Car Parking🛍️ Shopping Mall🏍️ Motorbike Parking
Ultra-high-net-worth Vietnamese business owners and foreign executives who want hotel-grade services built into daily living. A central District 1 address, metro access and Ritz-Carlton management appeal to 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
