One Central/Tháp Đông

Tháp Đông - One Central

Name: Tháp Đông
Address: VN

💰 28,9 tỷ – 220 tỷ📏 688,5 triệu/m²🏢 391 units

The 48-floor, 218m residential tower holding 391 Ritz-Carlton Residences — the first Ritz-Carlton-branded apartments in Ho Chi Minh City. All units are managed under Ritz-Carlton hotel service standards with full concierge, housekeeping, and dining access.

Neighborhood

Family Score

Excellent

100

Leisure Score

Excellent

100

Convenience

Excellent

Health

Excellent

100

Transit Access

Excellent

metro 97 m away; nearest station 73 m; bus stop 73 m.

100

Nightlife

Excellent

Quietness

Below Avg

Domo Scores™

6.3

🏠 Homeowner

Mixed

5.9

📈 Investor

Mixed

Better for long-term living than for investing.

HCMC's most prestigious residential address — Ritz-Carlton brand, metro access, Ben Thanh landmark. Construction track record is the one genuine concern.

🏠 Homeowner

Value

4.4

Livability

7.1

Legal & delivery

6.1

Location & connectivity

7.3

📈 Investor

Value

4.4

Returns & exit

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

688,5 triệu/m²

📉 -5% since launch

Unit price	28,9 tỷ – 220 tỷ
Launch price	725 triệu/m²

•🟢 Only Ritz-Carlton Residences in Vietnam — no direct brand competitor in this tier anywhere in HCMC
•🟢 Underground Ben Thanh Metro access is a structural infrastructure advantage that most District 1 luxury towers cannot match
•🔴 Project experienced multiple construction halts from 2017–2025 — buyers should treat timeline risk as real, not theoretical
•🟡 Priced at Vietnam's ceiling — strong appreciation potential post-delivery, but pre-delivery liquidity is very thin at this price point

Is this a good deal?

🟢 ~1% cheaper than comparable projects

Project	Price	Distance
Tháp Đông	688,5 triệu/m²	—
One Central	694,2 triệu/m²	0 km

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

Ultra-luxury District 1 prices have held firm while the broader market softened. The Ritz-Carlton brand restricts supply to 391 units — thin trading volume creates price support but limits exit liquidity.

Pros & Cons

Pros

✓Only Ritz-Carlton Residences address in Vietnam
✓Underground walkway to Ben Thanh Metro hub
✓Iconic District 1 address opposite Ben Thanh Market
✓Full Ritz-Carlton hotel services for residents

Cons

✗Among Vietnam's highest prices per m²
✗0.86 ha site — minimal outdoor green space
✗Ben Thanh roundabout peak-hour gridlock is severe
✗Construction restarted November 2025 after years of halts under new developer Masterise Homes — 2028–2029 handover estimated but timeline risk persists

Project Details

Total Units	391
Towers	2

Legal Information

Construction Permit	Approved
Pink Book	Not issued
Legal Notes	50-year leasehold, renewable under Vietnamese law. Foreign buyers subject to 30% per-building ownership quota. Pink books not yet issued — project under construction. A 48-month permit extension was granted in late 2025 to complete construction.

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🏊 Pool♨️ SaunaLoungeRooftop🛗 Elevator🛎️ Concierge🏋️ Gym

Location & Commute

Explore on map

Tháp Đông, One Central

🚇

Metro

Ben Thanh Metro Underground Link

Planned on-site

🛍️

Mall

Retail and F&B Podium

Planned on-site

🛒

Supermarket

WinMart+

Nearby

🏫

Schools

Cao Thang Technical College

Next door

🏥

Hospitals

Nhan Dan Gia Dinh Hospital Branch 2

Next door

🌳

Park

September 23rd Park

Nearby

Major Roads

Phạm Ngũ LãoLê Thị Hồng GấmPhó Đức ChínhCalmette

🔇 High Noise🛣️ Near Highway

Ultra-high-net-worth Vietnamese business owners and foreign executives who want hotel-grade services baked into daily living. 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.