One Central Saigon - Ritz-Carlton Residences at Ben Thanh, District 1
Masterise Homes
Vietnam's first Ritz-Carlton Hotel and Residences with direct underground access to Ben Thanh Metro Station — the only ultra-luxury address in HCMC combining this brand and this transit infrastructure.
💰 28,9 tỷ – 220 tỷ📏 685 triệu/m²🏗️ Under construction · Handover 2029🏢 391 units
A twin-tower mixed-use complex, now marketed as Masterise Towers Bến Thành, on 8,600 m² at the Ben Thanh landmark intersection in District 1, developed by Masterise Homes. The 48-floor East Tower holds 391 Ritz-Carlton Residences — the first Ritz-Carlton-branded apartments in Ho Chi Minh City. The 55-floor West Tower houses Grade-A offices and Vietnam's first Ritz-Carlton Hotel, with both towers designed by Arquitectonica.
📋
Pre-Launch Project
Register early for priority pricing when sales open
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Project news
Masterise Homes officially acquires the project and relaunches as Masterise Towers Bến Thành
Legal · May 2026 · thanhnien.vn
Neighborhood
87
Family Score
Excellent
Access to top-ranked public schools is a genuine family strength here. Nguyen Thai Hoc Elementary School — ranked among HCMC's best public primaries — is 370m away, and September 23rd Park provides a green outlet less than 700m on foot.
100
Leisure Score
Excellent
The lifestyle options surrounding One Central are among the richest in HCMC's core, with a dense cluster of acclaimed cafés and restaurants within 450m. A planned 58,400 m² retail and F&B podium at the base of the towers will add further on-site depth.
100
Convenience
Excellent
Daily convenience in the immediate area is excellent, with Sài Gòn Square and multiple banks within 350m. A 58,400 m² retail and F&B podium is planned on-site at the base of both towers.
93
Health
Excellent
Medical access at this address is exceptional. Nhan Dan Gia Dinh Hospital Branch 2 is next door, providing same-day specialist access without a commute.
88
Transit Access
Excellent
Ben Thanh Metro Station — HCMC Metro Line 1's central terminus — is 120m away. A planned underground pedestrian walkway within the development will give residents direct, weather-protected access to the station without stepping outside.
100
Commute Ease
Excellent
6 min to Q1 Bến Thành. 6 min walk to first stop. The planned underground walkway through the development connects to Ben Thanh Station — the interchange hub for HCMC Metro Line 1 and the future Metro Line 2.
100
Nightlife
Excellent
The Ben Thanh area holds one of HCMC's densest late-night scenes, with well-regarded bars within 400m and Chill Skybar — one of the city's most visited sky-level venues — under 500m away.
0
Quietness
Below Avg
This address is one of HCMC's noisiest residential locations. The Ben Thanh roundabout, dense tourist bars, and karaoke venues directly surrounding the site generate continuous urban noise that is inherent to this specific location.
Domo Scores™
6.3
🏠 Homeowner
Mixed
6
📈 Investor
Mixed
Balanced for both homeowners and investors.
HCMC's only Ritz-Carlton Residences address, with underground Metro Line 1 access and a 58,400 m² on-site podium, sets the brand ceiling for the city. Construction resumed in late 2025 after years of halts — the 2028–2029 delivery horizon is credible but carries documented timeline risk.
🏠 Homeowner
Value
4
Livability
7.5
Legal & delivery
6.1
Location & connectivity
7.3
📈 Investor
Value
4
Returns & exit
6.5
Legal & delivery
6.1
Location & demand
7.1
Why the scores differ
Homeowner: The best urban address in HCMC for prestige-driven homeowners. Ritz-Carlton hotel management means concierge, housekeeping, and F&B access are baked into daily living — a service ceiling most condo management cannot approach. The real tradeoffs are built into the location: no pink books until ~2028–2029, zero on-site green space on a 0.86 ha footprint, and Ben Thanh-level noise that cannot be mitigated from this block.
Investor: A brand-monopoly bet on HCMC's ultra-luxury ceiling. The only Ritz-Carlton Residences in Vietnam combined with underground Metro Line 1 access create a structural thesis no other District 1 address can replicate. The constraint is liquidity: at 685M/m², the pool of buyers who can absorb resale is very thin, no secondary market exists pre-delivery, and the project's construction history means timeline risk is real — not theoretical.
Price & Market
Current Market Price
685 triệu/m²
📉-6% since launch
Unit price
28,9 tỷ – 220 tỷ
Launch price
725 triệu/m²
•🟢 Only Ritz-Carlton Residences in Vietnam — no direct brand competitor at this tier anywhere in HCMC
•🟢 Direct underground Ben Thanh Metro access is a structural infrastructure advantage that no other District 1 luxury development can replicate
•🔴 Multiple construction halts between 2017 and 2025 are a documented record — the 2028–2029 handover is the latest estimate; buyers should treat timeline risk as real, not theoretical
•🟡 Priced at Vietnam's residential ceiling — post-delivery appreciation potential is strong but pre-delivery exit is extremely illiquid at this price level
•🟢 Metro Line 2 (Ben Thanh–Tham Luong) construction started January 2026 — Ben Thanh Station will become a three-line interchange, deepening the long-term infrastructure case for this address
Is this a good deal?
Project
Price
Distance
One Central
685 triệu/m²
—
The Grand Manhattan
Lower — upper-luxury tier without hotel operator branding
District 1 near Ben Thanh — similar location, no Ritz-Carlton managed services
Metropole Thu Thiem
Comparable luxury tier — different developer and brand positioning
Thu Duc City across the river — emerging luxury zone versus established District 1 core
Masterise Centre Point
Significantly lower — upper-mid segment, same developer family
Binh Thanh waterfront — Saigon River views but further from District 1 CBD
Should you buy here?
Best for:
✓Executives and HNW homeowners wanting hotel-grade daily services integrated into HCMC's most central address
✓Urban lifestyle buyers for whom walkability, metro access, and prestige outweigh the need for quiet surroundings or on-site green space
✓Buyers comfortable with a 2028–2029 delivery horizon and the construction history that comes with it
Not ideal for:
✗Families needing quiet surroundings, on-site schools, or outdoor green space — none of these are available at this address
✗Mid-range or upper-mid buyers — priced at Vietnam's residential ceiling
✗Anyone requiring near-term delivery certainty
Market Trends
Primary listed prices for the East Tower have come down from an early 2025 peak of ~813M VND/m² to ~685M VND/m² at the relaunch — a recalibration by Masterise Homes, not a broader District 1 ultra-luxury retreat.
Decision Factors
Strengths
✓Only Ritz-Carlton Residences in Vietnam — hotel-grade concierge, housekeeping, and F&B services integrated into daily living for all residential owners
✓Direct underground walkway to Ben Thanh Metro Station — the only District 1 residential address with a weather-protected metro connection to HCMC's operational metro network
✓9-floor, 58,400 m² retail and F&B podium at the base — the largest podium retail footprint attached to any District 1 residential development
✓Walkable to top-ranked public schools (370m), hospitals (250m), September 23rd Park (680m), and Takashimaya (400m) — with negligible flood risk by HCMC standards
Tradeoffs
!Priced at Vietnam's residential ceiling (~685M VND/m² at current listings) — future resale requires a buyer at the same extreme price point, limiting exit liquidity to a very thin pool
!Zero quietness — the Ben Thanh roundabout and surrounding bars and karaoke venues create persistent urban noise that is inherent to this block and cannot be mitigated
!0.86 ha footprint with no on-site green space — all outdoor leisure depends on nearby public parks
Watch items
?Construction restarted November 2025 after multiple halts (2017–2025) — the 2028–2029 handover estimate carries documented timeline risk; verify construction milestone progress before committing capital
?Pink books not issued and not expected until post-handover (~2028–2029) — verify the legal structure and ownership chain under Masterise Homes' formal acquisition (May 2026) before signing
?Foreign-ownership quota: confirm remaining 30% per-building availability for your chosen unit type and floor before signing — this pool is fixed and cannot be expanded
Unit Types
Officetel
0 Beds · 1 Baths · 45–75 m²
Under review
≈ 30,82 tỷ – 51,38 tỷ est.
685 triệu/m²
Singles & couples
1BR
1 Beds · 1–2 Baths · 88–112 m²
Under review
≈ 60,28 tỷ – 76,72 tỷ est.
685 triệu/m²
Singles & couples
2BR
2 Beds · 2–3 Baths · 118–158 m²
Under review
≈ 80,83 tỷ – 108,23 tỷ est.
685 triệu/m²
Young families
3BR
3 Beds · 3–4 Baths · 158–215 m²
Under review
≈ 108,23 tỷ – 147,28 tỷ est.
685 triệu/m²
Growing families
Duplex
3–4 Beds · 3–4 Baths · 200–320 m²
Under review
≈ 137 tỷ – 219,2 tỷ est.
685 triệu/m²
Growing families
Penthouse
4–5 Beds · 4–5 Baths · 350–600 m²
Under review
≈ 239,75 tỷ – 411 tỷ est.
685 triệu/m²
Growing families
Project Details
Developer
Masterise Homes
Status
Under construction · Handover 2029
Total Units
391
Towers
2
Legal Information
Handover
2029
Construction Permit
Approved
Pink Book
pending
Legal Notes
Project under construction with 48-month permit extension approved October 16, 2025 (HCMC People's Committee dispatch No. 2973/UBND-ĐT). Legal entity on record: Công ty TNHH Sài Gòn Glory; Masterise Homes officially acquired the project in May 2026. Vietnamese nationals expected to receive long-term freehold ownership (sổ hồng sở hữu lâu dài) upon completion; foreign buyers subject to 50-year leasehold and 30% per-building foreign-ownership quota. No pink books issued — expected post-handover (~2028–2029). Construction Permit Amendment No. 14 issued November 10, 2025. Searched: One Central Saigon sổ hồng, One Central giấy phép xây dựng, Masterise Towers pháp lý.
Amenities
👨👩👧Family: Children's play area on-site. No on-site school — nearest international schools are 10-15 minutes by car in Districts 1 and 3.
🏋️Fitness: Ritz-Carlton-managed pool, spa, and fitness center operated to hotel standards — professional staffing and maintenance that typical condo gyms do not match.
🏖️Lifestyle: Full Ritz-Carlton hotel services — fine dining, room service, concierge, and housekeeping available to all residential owners. Nine-floor retail and F&B podium at the base of both towers.
🛒Convenience: Six basement levels of car and motorbike parking. Direct underground walkway to Ben Thanh Metro Station. 58,400 m² retail within the development.
🧒 Play Area🔒 Security🅿️ Car Parking🛍️ Shopping Mall🏍️ Motorbike Parking
Location & Commute
One Central
7 min
District 1 CBD
38 min
Tân Sơn Nhất Airport
57 min
Long Thành Airport
CBD (peak)
9 min
CBD (off-peak)
7 min
Airport (peak)
48 min
Airport (off-peak)
38 min
Long Thành (peak)
64 min
Long Thành (off-peak)
57 min
🚇
Metro
Ben Thanh Metro Underground Link
Planned on-site
🛍️
Mall
Retail and F&B Podium
Planned on-site
🛒
Supermarket
Co.opmart Smile - De Tham
Nearby
🏫
Schools
FOSCO International School
Nearby
🏥
Hospitals
Nhan Dan Gia Dinh Hospital Branch 2
Next door
🌳
Park
September 23rd Park
Nearby
Major Roads
Phạm Ngũ LãoLê Thị Hồng GấmPhó Đức ChínhCalmette
🔇 High Noise🌊 None Flood🛣️ Near Highway
Ultra-high-net-worth Vietnamese business owners and senior foreign executives who want hotel-grade services integrated into daily living. Ritz-Carlton concierge, housekeeping, and F&B access combined with Ben Thanh metro connectivity attracts buyers for whom prestige, service quality, and walkability to the District 1 CBD take priority over quiet surroundings or on-site green space.
Things to consider (not deal breakers)
⚠️ Traffic
Ben Thanh roundabout is one of HCMC's busiest intersections — peak-hour gridlock is routine. Phạm Ng...
Ben Thanh roundabout is one of HCMC's busiest intersections — peak-hour gridlock is routine. Phạm Ngũ Lão and adjacent streets are narrow and congested by tourist activity.
→ Underground pedestrian access to Ben Thanh Metro Station eliminates car dependency for daily commutes within the metro corridor.
🌊 Flood Risk
The District 1 core is among HCMC's least flood-prone areas due to higher ground elevation and subst...
The District 1 core is among HCMC's least flood-prone areas due to higher ground elevation and substantial drainage investment. The site sits above surrounding street level.
→ District 1's drainage infrastructure is among the city's best — flood frequency here is substantially lower than in southern or western districts.
Direct underground pedestrian walkway connecting to Ben Thanh Metro Station (Exit 4 & 5), the central terminus of HCMC's metro network. One of very few residential developments in the city with a direct, weather-protected metro connection.
Retail and F&B Podium
Nine-floor, 58,400 m² retail and F&B podium at the base of both towers at the Ben Thanh landmark intersection. Among the largest podium retail footprints attached to any District 1 residential development.
Ritz-Carlton Hotel
Vietnam's first Ritz-Carlton Hotel, occupying the upper floors of the 240m West Tower with approximately 250 rooms. Condo owners and hotel guests share the same service infrastructure — an arrangement that underpins day-to-day amenity management quality in the residential tower.
Sky Pool & Spa
Ritz-Carlton-managed pool and spa facility positioned at high floors in the residential tower with panoramic Ben Thanh and city views. Operated to hotel spa standards — meaningfully different from typical condo pool management in staffing and maintenance quality.
Explore Vietnam
Under construction · Handover 2029
