Delivered 2016

Masteri Thao Dien — Metro-Connected Luxury Apartments in Thảo Điền, Thủ Đức

Name: Masteri Thảo Điền
Address: VN

Thảo Điền Investment (Masterise Homes)

Delivered 2016 · Pink books 95%

Thảo Điền's most accessible luxury project — directly connected to Metro Line 1 An Phú station with Vincom Mega Mall (140,000m²) integrated at ground level. Pink books issued, proven 3x appreciation, and the lowest entry price for metro-connected living in Thảo Điền's expat belt.

💰 5,5 tỷ – 15 tỷ📏 110 triệu/m²🏗️ Delivered 2016🏢 3021 units

3,021-unit luxury high-rise complex by Thảo Điền Investment (now Masterise Homes) on 8 hectares in the heart of Thảo Điền, Thủ Đức. Five towers (T1-T5) ranging 41-45 floors, integrated with Vincom Mega Mall Thảo Điền (140,000m²) and directly connected to Metro Line 1 An Phú station. Delivered Q4/2016.

Neighborhood

79

Family Score

Good

Family appeal is very strong here. Multiple international preschools are within 400m — including EtonHouse International School next door — and European International School HCMC, one of the top private primary schools in the city, is under 800m away.

93

Leisure Score

Excellent

Lifestyle options here are exceptional. Vincom Mega Mall Thảo Điền — one of HCMC's most-visited malls — is within the development, putting a cinema, supermarket, and a wide range of dining and retail directly at residents' doorsteps.

71

Convenience

Good

Daily convenience is well-served. A WinMart supermarket is within the development, and MM Mega Market An Phú — a large-format hypermarket with fresh produce and household goods — is a short walk at 370m.

78

Health

Good

Medical access is solid. Multiple pharmacies are within the development, and Vinmec Central Park International Hospital — the area's top-rated international facility — is 2.5km away.

88

Transit Access

Excellent

Transit access is excellent. An Phú Station (Metro Line 1) is next door at 140m, giving residents direct rail access to Bến Thành and all central HCMC destinations.

100

Commute Ease

Excellent

22 min to Q1 Bến Thành via MRT1. 7 min walk to metro station.

68

Nightlife

Good

The Thảo Điền bar and dining scene is dense and entirely walkable. Several well-regarded bars and gastropubs are clustered within 400m, making this one of the most accessible evening strips in Thủ Đức.

0

Quietness

Below Avg

This is not a quiet address. Highway traffic on Xa Lộ Hà Nội, the large-scale retail complex at ground level, and a surrounding bar and restaurant strip combine to create a consistently high ambient noise environment throughout the day and into the evening.

Domo Scores™

7.7

🏠 Homeowner

Good

7.6

📈 Investor

Good

Balanced for both homeowners and investors.

Masteri Thảo Điền is Thảo Điền's most connected delivered project — metro-direct to Bến Thành, Vincom Mega Mall at ground level, pink books partially issued across approximately 95% of units, and Savills-managed since handover; highway noise and high density are permanent tradeoffs that buyers should verify on-site.

🏠 Homeowner

Value

7

Livability

7.8

Legal & delivery

8.2

Location & connectivity

7.7

📈 Investor

Value

7

Returns & exit

7.8

Legal & delivery

8.2

Location & demand

7.7

Why the scores differ

Homeowner: A strong choice for homeowners who want Thảo Điền living with everything in one place. Vincom Mega Mall is integrated at ground level, An Phú Metro station is directly connected, EtonHouse International School is next door, and Savills manages day-to-day operations — a combination no peer project in the corridor matches. The structural tradeoff is highway noise: Xa Lộ Hà Nội frontage is permanent, road-facing units are meaningfully affected, and 3,021 apartments across five towers mean elevator waits are a real daily friction.

Investor: The investment case rests on HCMC's deepest expat rental corridor, not on an entry discount. Gross yield of approximately 3% is thin by absolute measure, but tenant diversity (Korean, Japanese, Western families, local professionals, Airbnb) keeps vacancy low and turnover manageable. The 30% foreign-ownership cap per tower is regularly maxed out — this limits the resale buyer pool for foreign-titled units and requires quota verification before any purchase commitment.

Price & Market

Current Market Price

110 triệu/m²

📈 +279% since launch

Market range	85 triệu – 141 triệu/m²
Unit price	5,5 tỷ – 15 tỷ
Rent	13 triệu – 100 triệu/mo
Launch price	29 triệu/m²

Est. Rental Yield6.6%

•🟢 Metro Line 1 operational since December 2024 — An Phú Station directly connected gives Masteri Thảo Điền a structural re-rating advantage over pre-metro peers in the Thủ Đức corridor
•🟢 Active secondary market with documented pricing across all bedroom types (87–141M/m², typical 110M/m²) and a proven 3x appreciation track record from the 2014 launch price of approximately 29M/m²
•🟡 Resale pricing sits exactly at the upper-mid segment median — buyers pay market rate for the location quality rather than capturing a discount; upside depends on continued metro-corridor appreciation
•🟡 Gross rental yield approximately 3% — consistent with the Thảo Điền premium market but not a yield play; capital appreciation has historically been the dominant return driver at this address
•🔴 30% foreign ownership cap per tower is frequently maxed out — buyers should verify foreign quota availability before any commitment, and foreign-titled units face a narrower resale buyer pool

Is this a good deal?

Project	Price	Distance
Masteri Thảo Điền	110 triệu/m²	—
Masteri An Phú	Similarly priced	Same developer brand and metro corridor but in An Phú ward — stronger expressway access, less Thảo Điền expat-lifestyle premium
Vinhomes Central Park	60–80% more expensive	Luxury riverside mega-township in Bình Thạnh with Landmark 81 — larger scale, premium address, but further from Thảo Điền's expat school corridor
The Nassim Thảo Điền	30–50% more expensive	Luxury riverfront boutique project in the same neighborhood — quieter position, Saigon River views, lower density, but no metro-direct connection

Should you buy here?

Best for:

✓Expat families with children in Thảo Điền international schools — EtonHouse, BIS, AIS, ISHCMC all within 3km
✓Young professionals who commute by metro to the CBD and value Vincom lifestyle access at home
✓Homeowners seeking a fully legal, long-delivered, professionally managed address in Thảo Điền

Not ideal for:

✗Noise-sensitive homeowners — highway frontage is a structural, irreversible constraint
✗Buyers seeking low-density living — 3,021 apartments across 5 towers with shared facilities at scale

Market Trends

Resale pricing is newly documented at 87–141M/m² (typical 110M/m²), placing the project at the upper-mid segment median with no recent directional price move to report.

Decision Factors

Strengths

✓Metro Line 1 An Phú station directly connected — operational since December 2024, putting Bến Thành 22 minutes away by train with a 7-minute walk from the project entrance
✓Vincom Mega Mall (140,000m²) integrated at ground level — cinema, supermarket, dining, and fashion retail without leaving the building
✓Thảo Điền's deepest expat rental market — Korean, Japanese, and Western families plus local professionals and active Airbnb demand sustain low vacancy across bedroom types
✓Pink books partially issued (approximately 95% of units), fully delivered since 2016, Savills Vietnam management ongoing with no change reported through 2026

Tradeoffs

!Structural highway noise — Xa Lộ Hà Nội (Võ Nguyên Giáp) runs along the project frontage; road-facing units have high ambient noise levels that cannot be mitigated by the developer
!High density with peak-hour friction — 3,021 apartments across five towers means elevator waits and shared-facility congestion are genuine daily inconveniences
!Aging building stock — delivered 2016, most units are approaching a decade old and require renovation budgets of 200–500M VND before the space is move-in ready

Watch items

?Remaining approximately 5% of units without pink books — likely individual owner paperwork delays rather than developer title issues, but verify title status for any specific unit in writing before signing
?Foreign ownership quota — the 30% cap per tower is regularly maxed out; confirm foreign quota availability in writing before paying any deposit, as this also affects future resale options
?An Phú Interchange is still under construction as of May 2026 (targeting June 30, 2026 for key branches) — road connectivity will improve on completion but current construction creates localized delays near the interchange

Unit Types

Studio

0 Beds · 1 Baths · 45–50 m²

5,06 tỷ – 5,63 tỷ

112,5 triệu/m²

Singles & couples

1BR

1 Beds · 1 Baths · 45–61 m²

5,5 tỷ – 6,5 tỷ

115 triệu/m²

Rent: 13 triệu - 19 triệu/mo

Singles & couples

2BR

2 Beds · 2 Baths · 63–85 m²

5,5 tỷ – 8,6 tỷ

110 triệu/m²

Rent: 15 triệu - 25 triệu/mo

Young families

3BR

3 Beds · 2 Baths · 86–144 m²

9 tỷ – 12,8 tỷ

116 triệu/m²

Rent: 18 triệu - 35 triệu/mo

Growing families

Duplex

3 Beds · 3 Baths · 111–250 m²

15 tỷ

100 triệu/m²

Rent: 43 triệu - 64 triệu/mo

Growing families

Penthouse

4 Beds · 4 Baths · 144–384 m²

Under review

≈ 15,84 tỷ – 42,24 tỷ est.

110 triệu/m²

Rent: 70 triệu - 100 triệu/mo

Growing families

Project Details

Developer	Thảo Điền Investment (Masterise Homes)
Status	Delivered 2016
Completion	2016
Total Units	3021
Towers	5

Legal Information

Launch Date	2014
Handover	2016
Construction Permit	Approved
Pink Book	Partial
Pink Book %	95%
Legal Notes	Developer: Thao Dien Investment JSC (now Masterise Homes, Techcombank affiliate since June 2024; CEO Ho Anh Minh since January 2025). Construction started 2014, delivered Q4/2016. Pink books first issued September 14, 2017 — confirmed as fastest issuance in HCMC market at the time, approximately one year after handover. ~95% of units have clear title as of 2026; remaining ~5% delayed by individual owner paperwork or developer financial-obligation reconciliations. Vietnamese citizens: permanent ownership; foreigners: 50-year renewable lease with 30% foreign-ownership cap per building — project regularly hits this cap, verify foreign quota in writing before paying deposit. Savills Vietnam property management ongoing since handover, no change reported 2025-2026. No active legal disputes or developer insolvency signals found in 2025-2026 searches. Address: 159 Vo Nguyen Giap (formerly Xa Lo Ha Noi), An Khanh Ward (merged from former Thao Dien Ward on 01/07/2025 per Resolution 1685/NQ-UBTVQH15), Thu Duc.

Amenities

👨‍👩‍👧 Family: Indoor children's playroom and outdoor play areas. Library and reading room. 60% green space with landscaped gardens. BIS, AIS, and ISHCMC international schools within 3km.

🏋️ Fitness: Rooftop pool and infinity pool. Fully-equipped fitness center. Tennis court. BBQ areas. 200m from Saigon River with riverside walking paths.

🏖️ Lifestyle: Vincom Mega Mall Thảo Điền (140,000m²) integrated at ground level — cinema, supermarket, dining, fashion retail. Business center with free wifi, desks, and meeting rooms for residents.

🛒 Convenience: Metro Line 1 An Phú station directly connected — 15 min to Bến Thành. 2 basement parking levels. 8 high-speed elevators per tower. Savills concierge service. 24/7 security.

🏊 Pool🌳 Garden🔥 BBQ Area🧒 Play Area🔒 Security🅿️ Car Parking🎾 Tennis Court🛍️ Shopping Mall🏋️ Gym🎮 Indoor Playroom🏍️ Motorbike Parking

Location & Commute

Masteri Thảo Điền

16 min

District 1 CBD

38 min

Tân Sơn Nhất Airport

53 min

Long Thành Airport

CBD (peak)	24 min
CBD (off-peak)	16 min
Airport (peak)	44 min
Airport (off-peak)	38 min
Long Thành (peak)	56 min
Long Thành (off-peak)	53 min

🚇

Metro

An Phu Station

Next door

🛍️

Mall

Vincom Mega Mall - Thao Dien

Within development

🛒

Supermarket

Siêu thị WinMart Thảo Điền

Within development

🏫

Schools

EtonHouse International School

Next door

🏥

Hospitals

Vinmec Central Park International Hospit…

2.5km

🌳

Park

BLOQ - Lifestyle Retail Park

Next door

Major Roads

Xa Lộ Hà NộiMai Chí ThọSaigon Bridge

🔇 High Noise🌊 Moderate Flood🛣️ Near Highway

A diverse mix of Korean, Japanese, and Western expat families drawn by the Thảo Điền international school cluster, alongside young Vietnamese professionals commuting to the CBD via Metro Line 1. Short-term rental and Airbnb tenants are active, particularly in road-facing towers — the project's Airbnb presence is among the highest in the district.

Things to consider (not deal breakers)

⚠️ Traffic

Xa Lộ Hà Nội congested at peak hours. Saigon Bridge approach is a known bottleneck going to D1. Metr...

Xa Lộ Hà Nội congested at peak hours. Saigon Bridge approach is a known bottleneck going to D1. Metro Line 1 An Phú station directly connected — 15 min to Bến Thành by train, bypassing all road congestion.

→ Metro Line 1 An Phú station directly connected — 15 min to Bến Thành, eliminates car commute need to CBD. An Phú Interchange provides multi-level road access to Mai Chí Thọ and HCMC–Long Thành Expressway.

🌊 Flood Risk

Thảo Điền area generally well-drained. Project elevated with modern drainage. No significant floodin...

Thảo Điền area generally well-drained. Project elevated with modern drainage. No significant flooding history.

→ Well-drained Thảo Điền area. Project elevated with dedicated stormwater management. No flooding history.

Sub-zones

🏢

T1

0 listings · 600 units

🏢

T2

0 listings · 580 units

🏢

T3

0 listings · 600 units

🏢

T4

0 listings · 620 units

🏢

T5

0 listings · 621 units

Growth Catalysts

🚧An Phu Interchange — N3 branch opened April 30, 2026; three remaining branches target June 30, 2026 (2026)
🚧Long Thanh Airport: first technical flight December 2025; commercial operations targeting Q4 2026 (2026)
🚧Ring Road 3: Thu Duc elevated section opened April 30, 2026; Binh Chanh section targets December 30, 2026 (2026)
🚀Rach Chiec National Sports Complex: VND 145,600B groundbreaking January 15, 2026; accelerated target ~2030 (2030)