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Delivered 2023
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Masterise Homes
The world's largest Marriott-branded residential complex with direct underground access to Ba Son Metro, an 850m Saigon River promenade, the Saigon Marina IFC Grade A+ office tower, and five-star Marriott hotel-standard management — in the heart of District 1.
The world's largest Marriott-branded residential complex, spanning 10 hectares on the historic Ba Son Harbour site along the Saigon River in District 1. Developed by Masterise Homes in partnership with Marriott International, Grand Marina Saigon comprises 8 residential towers and Saigon Marina IFC — a 55-storey, 240m Grade A+ office tower with LEED Gold certification. The project offers two distinct collections: Prime (Marriott-branded) and Legacy (JW Marriott-branded, the first urban JW Marriott residences in Asia-Pacific). With direct underground access to Ba Son Metro Station via 4 entry points, it is HCMC's first transit-oriented development. Approximately 4,000 apartments range from 51–320 m², with 3.42m ceiling heights and European-imported furnishings throughout.
Better for long-term living than for investing.
District 1's only transit-integrated luxury address, with Ba Son Metro built directly into the complex, Marriott hotel-standard management, and an 850m Saigon River promenade — at prices materially above the ultra-luxury peer median that demand genuine conviction in the premium.
Homeowner: A strong choice for homeowners who prioritise prestige address, transit integration, and five-star service delivery over a quiet residential feel. Masterise Homes execution with Marriott/JW Marriott management and Ba Son Metro built directly into the complex are rare advantages — Vinschool Golden River and Trung Vuong High School are both within walking distance. Honest tradeoffs: price-per-sqm runs materially above the ultra-luxury peer median, District 1 nightlife noise is immediate and unavoidable, and buyers in Sea, Cove, and Lagoon towers should verify their tower's pink-book progress before committing.
Investor: The rental case is real but yield-compressed. Saigon Marina IFC's 87,000m² of Grade A+ offices on-site anchor a defined executive tenant pool, and Lake Tower's issued pink books enable clean resale transactions at documented secondary prices. The limiting factor is entry cost — at 400–700M/m², net rental yields run only 2–3%, making this a capital-preservation play rather than an income asset. The ultra-narrow buyer pool at this price point and future Spring, Bay, and Strait towers planned within the same 10ha site add supply risk to the medium-term outlook.
| Market range | 400 triệu – 500 triệu/m² |
| Unit price | 16 tỷ – 150 tỷ |
| Rent | 35 triệu – 200 triệu/mo |
| Launch price | 400 triệu/m² |
| Project | Price | Distance |
|---|---|---|
| Grand Marina Saigon | 473,4 triệu/m² | — |
| Vinhomes Golden River | 200 triệu/m² | 0.3 km |
Pricing across all tracked sub-zones is stable month-on-month with no material movement detected in the reporting window.
| Developer | Masterise Homes |
| Status | Delivered 2023 |
| Completion | 2023 |
| Total Units | 4000 |
| Towers | 8 |
| Launch Date | 2021 |
| Handover | 2023 |
| Construction Permit | Approved |
| Pink Book | Partial |
| Legal Notes | Lake Tower pink books officially delivered June 28, 2024 — among the first branded residence projects in Vietnam with full legal title. Sea Tower handover commenced February 2025; pink books pending issuance as of May 2026. Cove Tower targeted for Q2 2026 handover; Lagoon Tower targeted for Q3 2026. Vietnamese citizens permanent ownership; foreigners 50-year lease. Two collections: Prime (Marriott — Lake Tower + Sea officetels) and Legacy (JW Marriott — Sea/Cove/Lagoon apartments + future Spring/Bay/Strait towers). ONVIA by Marriott platform provides Bonvoy Gold Elite privileges to residents. |
Grand Marina Saigon
| CBD (peak) | 8 min |
| CBD (off-peak) | 5 min |
| Airport (peak) | 42 min |
| Airport (off-peak) | 35 min |
| Long Thành (peak) | 61 min |
| Long Thành (off-peak) | 56 min |
Ultra-high-net-worth individuals, C-suite expatriates, diplomats, and international business executives. Resident base includes multinational professionals working at Saigon Marina IFC and in neighbouring District 1 offices, drawn by five-star Marriott service standards, Ba Son Metro access, and an 850m river promenade.
