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4 of 8 delivered
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Masterise Homes
4 of 8 sub-zones delivered · 4 upcoming 2026–2028
117.4ha world-class township by Foster + Partners with Metro Line 1 access, 92ha golf course, and Southeast Asia's largest water music fountain — HCMC's most ambitious new downtown
117.4-hectare world-class urban township in An Phú, Thu Duc, designed by Foster + Partners (UK) — the firm's first township masterplan in Vietnam. Developed by Masterise Homes across five distinct neighborhoods: SOHO commercial townhouses, Canal Walk high-rise apartments, Waterfront Park riverside townhouses, Diners Square entertainment precinct, and Villa Oasis luxury villas. Features 22 towers, 11,800 units, a 92-hectare international golf course, and the 2km Canal of Love with Southeast Asia's largest water music fountain. 28% construction density with 26 hectares of greenery and water features.
Balanced for both homeowners and investors.
Global City is Masterise Homes' 117-ha Foster+Partners masterplan in former District 2 — HCMC's largest residential compound — with confirmed anchors (Lotte Mall, King's College Wimbledon, adjacent Rạch Chiếc Sports Complex) that will define the catchment for years. Buyers pay a 27% premium over the segment median to be early in a district-shaping project whose full value unlocks as each anchor delivers.
Homeowner: A solid homeowner proposition for buyers who can afford the upper-mid price range. Masterise's Foster+Partners masterplan delivers low density (28%) and 26 ha of greenery at a scale no single tower can match, with The American School nearby and King's College Wimbledon planned on-site. The honest tradeoff: Lotte Mall, the hospital, and King's College are still being built; pricing at ~140M/sqm sits 27% above the segment median; and commuting to District 1 by public transport takes around 58 minutes.
Investor: The investment case is location-driven, not discount-driven. Ring Road 3 opened in April 2026, An Phu Interchange is near completion, and confirmed anchors — Lotte Mall, King's College Wimbledon, and the adjacent 212-ha Rach Chiec Sports Complex — point to strong future tenant demand. The friction: entry at ~140M/sqm (27% above the segment median) limits near-term yield, and Cosmo Central's 64% absorption at launch was the softest among tracked HCMC openings — buyers are selective at this price point.
| Market range | 100 triệu – 190 triệu/m² |
| Unit price | 5,6 tỷ – 250 tỷ |
| Rent | 20 triệu – 150 triệu/mo |
| Launch price | 385 triệu/m² |
| Project | Price | Distance |
|---|---|---|
| Global City | 135 triệu/m² | — |
| Vinhomes Grand Park | 40-50% less expensive per sqm | Larger-scale township in Thu Duc with Vincom, Vinschool, and Vinmec already operating; mid-segment pricing with more delivered amenities today |
| Masteri An Phú | 10-20% less expensive per sqm | Smaller compound closer to the CBD in An Phu; established secondary market but no masterplan-scale amenity pipeline |
| Empire City Thu Thiem | Similarly priced or higher depending on unit | Thu Thiem New Urban Area, closer to District 1; premium CBD-adjacent positioning with a different lifestyle profile |
Primary apartment prices moved to ~140M/sqm in recent listings as sub-zone launches repriced upward, while the secondary market held steady at ~145M/sqm.
| Developer | Masterise Homes |
| Status | 4 of 8 delivered |
| Completion | 2028 |
| Total Units | 11800 |
| Towers | 22 |
| Launch Date | 2021-03 |
| Handover | 2028 |
| Construction Permit | Approved |
| Pink Book | Partial |
| Pink Book % | 10% |
| Legal Notes | PM Decision 57/QD-TTg (Jan 2001) approved golf + residential complex. PM Document 867/TTg-KTN (Jun 2015) approved conversion to urban project. HCMC approved 1/500 detailed planning Nov 2015. PM Document 224/TTg-CN (Feb 2017) approved adjustment to urban district (1,174,221.9m²). Construction permit No. 155/GPXD issued by HCMC Dept. of Construction (Dec 18, 2020). SDI Corp ownership transferred to Masterise Homes Aug 2021. Ground-breaking March 18, 2021. SOHO phase pink books issued from Nov 2024; over 400 SOHO townhouses with pink books by April 2026. Diners Square handover commenced March 2026; Waterfront Park handover underway in Q2/2026. June 2026 search confirmed no new legal disputes or changes to ownership structure. |
Global City
| CBD (peak) | 29 min |
| CBD (off-peak) | 19 min |
| Airport (peak) | 51 min |
| Airport (off-peak) | 42 min |
| Long Thành (peak) | 49 min |
| Long Thành (off-peak) | 44 min |
Affluent Vietnamese families and expats seeking a large-format master-planned address in the former District 2 catchment; young professionals drawn by Metro Line 1 access and the development's urban-lifestyle amenities; long-term investors holding SOHO commercial units or early-stage high-rise positions in anticipation of Lotte Mall and King's College Wimbledon delivery.
