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Delivered 2024
GS E&C (GS Engineering & Construction Korea)
Luxury PTW Architects-designed twin towers connected by a signature Sky Bridge in the heart of Thu Thiem New Urban Area, delivered by GS E&C — the South Korean developer behind Xi Riverview Palace.
Thu Thiem Zeit River is a luxury residential project by South Korean developer GS E&C on a 9,125 sq meter site at Lot 3-11 of the Thu Thiem New Urban Area in Thu Duc City. Two curvilinear towers designed by PTW Architects of Australia — T1 at 25 floors and T2 at 32 floors — house 300 apartments ranging from 1-bedroom to 4-bedroom, duplex, and penthouse units, plus 13 podium-level shophouses, and are connected by a signature Sky Bridge. The project is GS E&C's second luxury apartment development in Ho Chi Minh City after Xi Riverview Palace.
Balanced for both homeowners and investors.
A delivered, boutique luxury address in Thu Thiem, 5-10 minutes from District 1, with resale asks of about 195-310M/m² depending on unit type. Weigh that against partly issued pink books, a narrow buyer pool with indicative gross rents of only about 2-4%, and a neighbourhood that is still under construction.
Homeowner: A good choice for homeowners who want a delivered, boutique luxury address 5-10 minutes from District 1. A sky amenity floor, spa and Sky Bridge garden, about 1.5 car spaces per unit and low flood risk make daily life comfortable. The tradeoffs are a compact site with little ground-level green space, Thu Thiem retail that is still maturing, construction around the project, and pink books that are only partly issued.
Investor: A luxury hold rather than a yield play. Resale pricing is well above the launch level of about 160-167M/m² and the approved Thu Thiem Bridge 4 link adds a longer-term catalyst, but indicative gross rents of about 2-4% are modest, the buyer pool at these ticket sizes is narrow, and 2BR resale snapshots softened about 7.5% in the most recent comparison.
| Market range | 160 triệu – 310 triệu/m² |
| Unit price | 9,6 tỷ – 150 tỷ |
| Rent | 21 triệu – 117 triệu/mo |
| Launch price | 163 triệu/m² |
| Project | Price | Distance |
|---|---|---|
| Zeit River | 190 triệu/m² | — |
| Sunwah Pearl | 157 triệu/m² | 0.8 km |
| The Metropole | 310 triệu/m² | 0.8 km |
| Saigon Pearl | 97 triệu/m² | 0.9 km |
Resale asks span about 195-310M/m² by unit type, with 2BR snapshots easing about 7.5% to roughly 185M/m² between March and June 2026 while larger units and shophouses price higher per square metre.
| Developer | GS E&C (GS Engineering & Construction Korea) |
| Status | Delivered 2024 |
| Total Units | 313 |
| Towers | 2 |
| Launch Date | 2022-11 |
| Handover | 2024-11 |
| Construction Permit | Approved |
| Pink Book | Partial |
| Legal Notes | Freehold (long-term) ownership for Vietnamese citizens; 50-year renewable term for foreign buyers. Developed and managed by Vietnam GS Enterprise Company Limited (VGSE), a 100% Korean FDI entity. Both towers handed over — T1 from November 2024 and T2 from July 2025. Pink books are being issued progressively following handover; the final 5% payment instalment is released when the individual unit pink book is received. Construction permit approved. October 2026 search found no new pink-book batch figures or legal disputes in public records; buyers should confirm per-unit pink-book status with the developer. |
Zeit River
| CBD (peak) | 11 min |
| CBD (off-peak) | 9 min |
| Airport (peak) | 44 min |
| Airport (off-peak) | 37 min |
| Long Thành (peak) | 57 min |
| Long Thành (off-peak) | 53 min |
Affluent Vietnamese professionals and expatriates, plus long-term luxury-segment investors, who want a riverside address a short drive from District 1. The compact 300-apartment scale supports a quiet, well-managed community feel typical of boutique buildings, with a rental pool of senior corporate tenants.
