Compact 312-unit Novaland tower opposite the State Bank with a rooftop infinity pool and a one-bridge commute into District 1 — the smallest and quietest of the Bến Vân Đồn riverfront cluster.
💰 4,8 tỷ – 9,5 tỷ📏 95 triệu/m²🏗️ Delivered 2015🏢 312 units
ICON 56 is a single-tower 25-storey condominium by Novaland on Bến Vân Đồn in District 4, directly opposite the State Bank of Vietnam headquarters and a short bridge crossing from District 1. The 312-unit project sits on a compact 2,994 m² riverside plot bounded on three sides by the Bến Nghé and Saigon River channels, with a signature rooftop infinity pool on the top floor designed by Singapore firm ONG&ONG.
Area news
Novaland completes Phase 1 of debt restructuring, targets growth from 2027
Market · Apr 2026 · theinvestor.vn
HCMC issues new land-price table effective January 1, 2026
Policy · Jan 2026 · sggp.org.vn
Neighborhood
78
Family Score
Good
Family logistics work well from this address. The curated Nguyen Thai Hoc Elementary School (680 m) handles primary needs, with multiple kindergartens within a 5-minute walk, though there is no on-site school inside the building.
97
Leisure Score
Excellent
Lifestyle options are unusually deep for District 4. The Bến Vân Đồn restaurant strip immediately outside delivers a dense mix of cafés, casual dining and riverside spots, with REE Tower's retail floor and Takashimaya within easy reach.
96
Convenience
Excellent
Daily errands are handled within a short walk. Convenience stores, ATMs and a Chợ Lớn electronics outlet sit within 250 m, with Takashimaya Vietnam reachable in roughly 1 km for full-format shopping.
82
Health
Excellent
Medical access is comprehensive within walking range. Sai Gon ENT Hospital (550 m) and Sai Gon International General Hospital (570 m) cover specialist and general care, with chain pharmacies and dental clinics in between.
86
Transit Access
Excellent
Bus stops sit within 120 m of the door, and Bến Thành Metro Station — terminus of HCMC Metro Line 1 — is reachable on foot in roughly 820 m.
100
Commute Ease
Excellent
18 min to Q1 Bến Thành via 155. 2 min walk to bus stop.
100
Nightlife
Excellent
Nightlife access is strong from this address. Well-reviewed cocktail bars including Soul Classic Pub (150 m) and Madam Kew Saigon (290 m) sit within walking distance, with the District 1 bar scene a short bridge away.
0
Quietness
Below Avg
This is not a quiet address — ambient noise on the Bến Vân Đồn corridor rates high. The location sits at the dense edge of central Saigon, with continuous restaurant, bar and bridge-bound traffic activity through evening hours.
Domo Scores™
7.7
🏠 Homeowner
Good
7.7
📈 Investor
Good
Balanced for both homeowners and investors.
Compact 312-unit Novaland riverside tower opposite the State Bank with clean pink books and a one-bridge hop into District 1. Tradeoff: 2015 finishes and a thin podium amenity package compared with newer Bến Vân Đồn neighbours.
🏠 Homeowner
Value
8
Livability
7.2
Legal & delivery
8.7
Location & connectivity
7
📈 Investor
Value
8
Returns & exit
7.6
Legal & delivery
8.7
Location & demand
6.9
Why the scores differ
Homeowner: A solid choice for homeowners who want a small riverside Novaland building one bridge from District 1 with clean legal title. Pink books are issued for all 312 units and resale prices sit ~25% below the upper-mid peer median, but podium amenities are thin and 2015 finishes show in some units.
Investor: A liquidity-and-yield play, not a discount story. Active resale stock at 7.2-9.5B and steady expat rental demand at 15-29M/month support exit and cash flow, and pink books make transfers clean. Cap is the 312-unit pool — turnover is steady but thin against 1,000+ unit Bến Vân Đồn rivals.
Price & Market
Current Market Price
89 triệu/m²
📈+62% since launch
Market range
83 triệu – 95 triệu/m²
Unit price
4,8 tỷ – 9,5 tỷ
Rent
15 triệu – 29 triệu/mo
Launch price
55 triệu/m²
Est. Rental Yield3.7%
•🟢 Pink books issued for all 312 units removes the title friction that still affects several newer Bến Vân Đồn projects, supporting clean resale transfers.
•🟢 89M/m² resale sits roughly 25% below the upper-mid peer median (118M/m²) — fair value rather than a growth bet.
•🟢 Steady expat rental demand from Japanese and Korean tenants commuting to District 1 keeps gross yields competitive at ~4%.
•🟡 312-unit pool means resale liquidity is steady but thin compared with 1,000+ unit Bến Vân Đồn neighbours like RiverGate or Millennium.
•🟡 Metro Line 2 (Bến Thành – Tham Lương) broke ground January 2026 — a long-horizon support to area demand rather than a near-term catalyst.
Is this a good deal?
Project
Price
Distance
ICON 56
89 triệu/m²
—
Saigon Royal Residence
Higher ppsm — premium of the Bến Vân Đồn cluster
Same street, 200 m east, larger podium and more river-facing units
Galaxy 9
Comparable ppsm to ICON 56
Two blocks north on Nguyễn Khoái, larger 4-tower complex
RiverGate Residence
Slightly below ICON 56 ppsm
Same street, 600 m east, denser 3-tower complex with serviced floors
Should you buy here?
Best for:
✓District 1 commuters under ~8 tỷ wanting a partial river view
✓Long-term homeowners who prioritise legal certainty and a small building
✓Expats/professionals who want central access without District 1 prices
Not ideal for:
✗Families needing on-site schools, sports courts or large podium amenities
✗Buyers who want brand-new construction and modern smart-home spec
Market Trends
Bến Vân Đồn resale prices have held a firm premium over the rest of District 4 since 2020; ICON 56 trades at a slight discount to Saigon Royal and roughly on par with Galaxy 9 — a stable, low-volatility segment.
Pros & Cons
Pros
✓Pink books fully issued
✓5–10 min drive to District 1 CBD
✓Rooftop infinity pool with skyline view
✓Small 312-unit building, low congestion
✓Most units carry partial river view
Cons
✗Limited podium amenities vs newer rivals
✗Older 2015 build, dated finishes in some units
✗No on-site school or shopping mall
✗Bến Vân Đồn jams at morning peak
Unit Types
1BR
1 Beds · 1 Baths · 47–51 m²
4,8 tỷ – 5,2 tỷ
102 triệu/m²
Rent: 15 triệu - 17 triệu/mo
Singles & couples
2BR
2 Beds · 2 Baths · 79–80 m²
6,4 tỷ – 6,7 tỷ
82 triệu/m²
Rent: 17 triệu - 23 triệu/mo
Young families
3BR
3 Beds · 2–3 Baths · 87–112 m²
7,2 tỷ – 9,5 tỷ
85 triệu/m²
Rent: 20 triệu - 29 triệu/mo
Growing families
Penthouse
3–4 Beds · 3–4 Baths · 150–220 m²
Under review
≈ 13,35 tỷ – 19,58 tỷ est.
89 triệu/m²
Growing families
Project Details
Developer
Novaland
Status
Delivered 2015
Total Units
312
Towers
1
Legal Information
Handover
2015
Construction Permit
Approved
Pink Book
Issued
Legal Notes
Pink books fully issued for all 312 units — one of the few completed projects on Bến Vân Đồn (District 4) with no outstanding title issues. Long-term Vietnamese ownership; no foreign quota observed in resale listings as of April 2026.
Amenities
👨👩👧Family: Small playground at podium level and a community room sized for resident events. No on-site kindergarten or school — families use options in Quận 1 and Quận 4 within a short drive.
🏋️Fitness: Compact gym (~60 m²) on a podium floor and the rooftop pool double as the fitness offer. No tennis or multi-purpose courts on site.
🏖️Lifestyle: Rooftop infinity pool with city and river views, ground-floor garden and BBQ deck. Limited on-site F&B — residents rely on the dense Bến Vân Đồn restaurant strip immediately outside.
🛒Convenience: Two basement levels plus mezzanine parking serve cars and motorbikes, 24/7 security and a small utility/convenience store at podium. Banks, supermarkets and Vincom Đồng Khởi sit within 10 minutes by car.
🌳 Garden🔥 BBQ Area🧒 Play Area🔒 Security🅿️ Car Parking🏍️ Motorbike Parking
Location & Commute
ICON 56
10 min
District 1 CBD
41 min
Tân Sơn Nhất Airport
57 min
Long Thành Airport
CBD (peak)
12 min
CBD (off-peak)
10 min
Airport (peak)
51 min
Airport (off-peak)
41 min
Long Thành (peak)
60 min
Long Thành (off-peak)
57 min
🚇
Metro
Ben Thanh Station
820m
🛍️
Mall
REE Tower
240m
🛒
Supermarket
Siêu Thị Điện Máy Nội Thất Chợ Lớn
242m
🏫
Schools
FOSCO International School
2.0km
🏥
Hospitals
Sai Gon ENT Hospital
552m
🌳
Park
September 23rd Park
1.0km
Major Roads
Bến Vân ĐồnVõ Văn Kiệt boulevardCalmette Bridge to District 1Khánh Hội Bridge to Nguyễn Tất Thành
🔇 High Noise🌊 None Flood🛣️ Near Highway
Mix of owner-occupier professionals working in District 1 and a meaningful share of expat tenants — Japanese and Korean families drawn by the short commute and partial river views. Smaller and quieter than the larger Bến Vân Đồn neighbours (Saigon Royal, RiverGate, Millennium).
Things to consider (not deal breakers)
⚠️ Traffic
Bến Vân Đồn funnels into the Calmette and Khánh Hội bridges at peak hours, with backups around the S...
Bến Vân Đồn funnels into the Calmette and Khánh Hội bridges at peak hours, with backups around the State Bank intersection between 7:30–8:30 AM and 5:30–6:30 PM. The Nguyễn Tất Thành / Hoàng Diệu cluster on the Khánh Hội side is the single worst pinch point in the area.
→ Two short bridge crossings into District 1 give residents a choice (Calmette north, Khánh Hội east), and motorbike commutes into District 1 stay under 10 minutes outside peak windows.
🌊 Flood Risk
The Bến Vân Đồn frontage was rebuilt with the canal embankment upgrade and now sits well above tide ...
The Bến Vân Đồn frontage was rebuilt with the canal embankment upgrade and now sits well above tide level — flooding here is rare even on king-tide days that affect older Quận 4 streets one block inland.
→ The Bến Nghé canal embankment was raised during the 2010s rehab and the project's basement entry sits at boulevard level — no recurring flood incidents on record at the building.
Notable Places
Rooftop Infinity Pool
Overflow infinity pool on the 25th floor designed by ONG&ONG, looking out over the Saigon River and the District 1 skyline. Among the few rooftop pools in District 4 and the most-cited reason buyers choose ICON 56 over the larger Bến Vân Đồn neighbours.
Explore Vietnam
Delivered 2015
