Sunwah Pearl — Luxury Apartments on Nguyễn Hữu Cảnh, Bình Thạnh
Sunwah Group
Delivered 2020 · Pink books 98%
Hong Kong-developed luxury towers on Nguyễn Hữu Cảnh with Savills management, 1,000m² infinity saltwater pool, panoramic Saigon River views, and walkable Metro Line 1 access — 5 minutes from District 1.
💰 7,28 tỷ – 172 tỷ📏 165 triệu/m²🏗️ Delivered 2020🏢 1347 units
1.9-hectare luxury residential complex by Sunwah Group (Hong Kong, est. 1957) via Bay Water Ltd. Co. Three towers (White House, Silver House, Golden House) with ~1,342 apartments, 19 shophouses, and a 30-floor office tower. Designed by EJGA (USA) with landscape by ONG&ONG (Singapore). Constructed by CSCEC (China State). Adjacent to Saigon Pearl and near Vinhomes Central Park / Landmark 81.
Project news
Sato vs Bay Water lawsuit: first-instance trials concluded April 2026, verdict pending
Legal · Apr 2026 · tuoitre.vn
Pink books essentially complete — ~98% of units issued by Q1 2026
Legal · Mar 2026 · cityapartment.vn
Neighborhood
83*
Family Score
Excellent
Family appeal is strong, anchored by two highly regarded schools within 400m. Singapore International School is next door, and Wellspring International Bilingual School — ranked among HCMC's top bilingual school systems — is 400m away, enabling school drop-off on foot.
91
Leisure Score
Excellent
Lifestyle amenities are exceptional here. The on-site commercial podium anchors an already dense café, dining, and casual social scene that extends seamlessly into the adjacent Saigon Pearl cluster.
84
Convenience
Excellent
Daily convenience is very strong. Multiple convenience store chains within a short walk cover everyday needs, and the on-site commercial center adds further retail depth for residents.
77
Health
Good
Medical access is well covered in the immediate area. Vinmec Central Park International Hospital is nearby, with several clinics and a pharmacy within a short walk providing solid day-to-day and specialist coverage.
66
Transit Access
Good
Transit access is moderate rather than doorstep — Tân Cảng Metro Line 1 station is approximately 500m away (a genuine but meaningful walk), while the nearest bus stop requires around 820m.
98
Commute Ease
Excellent
25 min to Q1 Bến Thành via 44. 11 min walk to bus stop. Metro Line 1 Tân Cảng station is also walkable (~500m), cutting transit time to Bến Thành to around 10 minutes and providing a reliable off-peak alternative when Nguyễn Hữu Cảnh is congested.
73
Nightlife
Good
Nightlife destinations are abundant within walking distance. A concentration of destination bars with strong review counts makes this one of the most animated evening corridors in Bình Thạnh.
1
Quietness
Below Avg
Ambient noise is at its highest here. The project fronts Nguyễn Hữu Cảnh, one of Bình Thạnh's busiest arterials, and sits within one of the district's most active dining and bar corridors — the same environment that drives top scores for lifestyle and nightlife.
* Score includes on-site amenities that are planned or under construction, not yet open.
Domo Scores™
7.7
🏠 Homeowner
Good
7.7
📈 Investor
Good
Balanced for both homeowners and investors.
The best-positioned luxury project on the Nguyễn Hữu Cảnh corridor for buyers who need central access without compromising management quality: fully issued pink books, walkable Metro Line 1, top-ranked schools within 400m, and Savills keeping the community professionally run. The key tradeoffs are high ambient noise from the arterial frontage and current prices that already reflect much of the location premium.
🏠 Homeowner
Value
7.6
Livability
7.6
Legal & delivery
8.7
Location & connectivity
7.3
📈 Investor
Value
7.6
Returns & exit
7.4
Legal & delivery
8.7
Location & demand
7.6
Why the scores differ
Homeowner: A solid homeowner choice for professionals and expats who prioritize proximity to District 1, quality management, and modern finishes. Savills keeps the community well-run at 88-92% occupancy; Singapore International School is next door and Wellspring — one of HCMC's top-ranked bilingual school systems — is 400m away; walkable Metro Line 1 cuts peak-hour road dependency. The main tradeoffs are among the highest ambient noise levels on the corridor (Nguyễn Hữu Cảnh frontage, active surrounding bar scene) and a compact 1.9ha site that limits on-site green space — buyers who need quiet or significantly more green space will find better fits nearby.
Investor: A liquid secondary-market hold with clean pink books, a diversified expat and professional tenant pool, and roughly 3x price appreciation since the 2017 launch. Gross rental yields run 3-3.5% at current resale prices — solid but below what yield-focused investors typically target; the appreciation story has been stronger than the income story here. An unresolved shareholder dispute between the developer entity's partners (Bay Water vs Sato, Supreme Court sided with the minority in 2025) is a governance risk to verify before committing capital.
Price & Market
Current Market Price
165 triệu/m²
📈+244% since launch
Market range
140 triệu – 255 triệu/m²
Unit price
7,28 tỷ – 172 tỷ
Rent
20 triệu – 68 triệu/mo
Launch price
48 triệu/m²
Est. Rental Yield0.6%
•🟢 Pink books fully issued across all towers — the cleanest legal status a delivered luxury project can hold in HCMC, enabling straightforward secondary-market transactions without title uncertainty.
•🟢 Metro Line 1 Tân Cảng station (~500m, operational since December 2024) is the only walkable metro connection among luxury projects on this corridor — a durable connectivity advantage that directly supports both owner-occupier demand and expat tenant appeal.
•🟡 Secondary prices at 135-220M/m² sit approximately 15% below the luxury peer median, reflecting modest entry relative to peers rather than a distressed market — Savills management constrains listing supply, which supports prices but limits resale liquidity.
•🟡 The Bay Water vs Sato shareholder dispute (Supreme Court sided with minority partner in 2025, new trial hearings into 2026) is a corporate governance matter — not resident-facing — but investors should verify its current status before committing capital, as outcomes could affect major project-level decisions.
•🔴 Gross rental yields of 3-3.5% at current prices fall below the 4% threshold typically required for investment-grade luxury — three cycles of appreciation (roughly 3x from the 2017 launch at 45-50M/m²) have outpaced rental income growth, meaning the investment thesis here is capital, not yield.
Is this a good deal?
Project
Price
Distance
Sunwah Pearl
165 triệu/m²
—
Saigon Pearl
85 triệu/m²
0.2 km
Vinhomes Central Park
118 triệu/m²
0.7 km
Should you buy here?
Best for:
✓Expats and Vietnamese professionals seeking a professionally managed luxury tower near District 1 with low Airbnb turnover
✓Couples and singles who commute via Metro Line 1 or work in the District 1 / Thu Thiêm corridor
✓Families with children attending Singapore International School or Wellspring (both within 400m, enabling school drop-off on foot)
✓Buyers upgrading from Saigon Pearl or seeking more controlled management than the larger Vinhomes Central Park community
Not ideal for:
✗Noise-sensitive homeowners — the Nguyễn Hữu Cảnh corridor and active bar scene make this one of the louder residential addresses in Bình Thạnh
✗Families requiring on-site school, large playground, or substantial green space within the project boundary
✗Budget buyers — 1BR resale entry is above 8 billion VND; the project is priced for middle-to-upper luxury buyers
Market Trends
Secondary prices have appreciated roughly 3x from the 2017 launch to a current range of 135-220M/m², with the resale market active but thin due to high owner-occupier retention under Savills management.
Decision Factors
Strengths
✓Pink books issued across all three towers (98% coverage) — the cleanest legal status a delivered luxury project can have in HCMC, enabling straightforward secondary-market transactions
✓Metro Line 1 Tân Cảng station walkable at ~500m (operational since December 2024) — 10 minutes to Bến Thành by metro, removing peak-hour road dependency for daily commuters
✓Singapore International School next door (281m) and Wellspring International Bilingual School — one of HCMC's top-ranked bilingual school systems — 400m away, both accessible on foot
✓Savills Vietnam property management limits Airbnb activity and maintains 88-92% occupancy — a professionally run community that attracts long-term tenants and owner-occupiers over short-term turnover
Tradeoffs
!Compact 1.9ha site: the on-site Riverside Park promenade provides river frontage, but residents depend on Ba Son Harbour Park (~600m) and Vinhomes Central Park (~900m) for meaningful open space
!Gross rental yields of 3-3.5% at current resale prices (1BR: ~21-25M/month at 8-9B resale) — the investment case rests on capital appreciation, not income; buyers expecting 4%+ yields will not find them here at today's prices
!High ambient noise: the Nguyễn Hữu Cảnh arterial frontage and the surrounding bar and dining corridor produce consistent noise — a feature for nightlife lovers but a genuine drawback for those who want quiet evenings at home
Watch items
?Bay Water vs Sato shareholder dispute: ongoing corporate governance case — the Supreme Court sided with minority partner Sato in 2025 and new trial hearings were scheduled into 2026; verify current status before committing, as outcomes may affect major project-level decisions
?Nguyễn Hữu Cảnh peak-hour congestion: road travel to District 1 stretches to 15-25 minutes at peak versus 5 minutes off-peak — verify personal tolerance for traffic before purchasing a lower-floor unit where road noise and exhaust are more pronounced
?Car parking allocation: at 2M VND/month on a compact 1.9ha site, confirm that a parking bay is included or available before purchase — parking is constrained and allocation is not guaranteed for all units
Unit Types
1BR
1 Beds · 1 Baths · 51–57 m²
7,28 tỷ – 9,52 tỷ
155 triệu/m²
Rent: 20 triệu - 30 triệu/mo
Singles & couples
2BR
2 Beds · 2 Baths · 87–113 m²
12,5 tỷ – 20 tỷ
160 triệu/m²
Rent: 28 triệu - 49 triệu/mo
Young families
3BR
3 Beds · 2 Baths · 122–133 m²
20,5 tỷ – 29 tỷ
190 triệu/m²
Rent: 35 triệu - 68 triệu/mo
Growing families
Penthouse
4 Beds · 4 Baths · 250–770 m²
Under review
≈ 41,25 tỷ – 127,05 tỷ est.
165 triệu/m²
Growing families
Duplex
5 Beds · 5 Baths · 543–774 m²
138 tỷ – 172 tỷ
240 triệu/m²
Growing families
Project Details
Developer
Sunwah Group
Status
Delivered 2020
Completion
2020
Total Units
1347
Towers
3
Legal Information
Launch Date
2017-05
Handover
2020-09
Construction Permit
Approved
Pink Book
Issued
Pink Book %
98%
Legal Notes
Developer: Bay Water Ltd. Co. (Sunwah Group). Construction started Dec 2017, completed Sep 2020 (3 months early). Pink book registration opened July 2025; ~98% of apartments (~1,500+) issued by Q1 2026 including foreign-owned units within quota. Vietnamese owners permanent; foreigners 50-year renewable. Litigation update (May 2026): Sato Investment vs Choi Koon Shum, Choi Chun Sze Johnson and Bay Water Co — Case No. 235 at HCMC People's Court. Evidence/conciliation sessions held Dec 24, 2025 and Jan 8, 2026; first-instance trial sessions Feb 5, Mar 5 and Apr 3 2026 — as of May 2026, no verdict has been publicly announced. Internal corporate/shareholder dispute — not a resident issue. Ward renamed Phường 22 → Thạnh Mỹ Tây from July 1, 2025 (merger of wards 19, 22, 25).
Amenities
👨👩👧Family: Indoor and outdoor playgrounds on Level 6. Karaoke rooms and library in amenity deck. Wellspring International School at adjacent Saigon Pearl. Vinschool Central Park ~1.5km.
🏋️Fitness: 1,000m² infinity saltwater pool on Level 6 with panoramic Saigon River views. Fitness center, yoga studio, and sauna.
🏖️Lifestyle: 8,000m² commercial center across 6 podium floors with restaurants, supermarket, ILA English center, and retail shops. BBQ terrace and co-working space on amenity deck. Adjacent to Saigon Pearl's dining and retail ecosystem.
🛒Convenience: 2 basement levels + 5 above-ground parking tiers. Car parking ~2M VND/month, motorbike 200-250K/month. Metro Line 1 Tân Cảng station walkable (~500m). Thu Thiêm Bridge at foot of project for direct Thủ Thiêm access.
🏊 Pool♨️ Sauna🌳 Garden🔥 BBQ Area🧒 Play Area🔒 Security🏛️ Clubhouse🅿️ Car Parking🏋️ Gym🎮 Indoor Playroom🏍️ Motorbike Parking
Location & Commute
Sunwah Pearl
12 min
District 1 CBD
40 min
Tân Sơn Nhất Airport
55 min
Long Thành Airport
CBD (peak)
19 min
CBD (off-peak)
12 min
Airport (peak)
49 min
Airport (off-peak)
40 min
Long Thành (peak)
60 min
Long Thành (off-peak)
55 min
🚇
Metro
Van Thanh Park Station
Nearby
🛍️
Mall
Sunwah Pearl Commercial Center
On-site
🛒
Supermarket
Cửa hàng WinMart+ Vinhomes Central Park …
Nearby
🏫
Schools
Singapore International School Binh Than…
Next door
🏥
Hospitals
Vinmec Central Park International Hospit…
Nearby
🌳
Park
Riverside Park
On-site
Major Roads
Nguyễn Hữu CảnhThu Thiêm BridgeVõ Văn Kiệt BoulevardĐiện Biên Phủ
🔇 High Noise🌊 Low Flood🛣️ Not Near Highway
Upper-middle to high-income Vietnamese professionals and expatriates (Korean, Japanese, and Western). Mix of owner-occupiers and long-term tenants; Savills management actively limits short-term rental activity. A quiet, professionally run community with 88-92% occupancy across all three towers.
Things to consider (not deal breakers)
⚠️ Traffic
Nguyễn Hữu Cảnh congested at peak hours (15-25 min to D1 vs 5 min off-peak). Metro Line 1 Tân Cảng s...
Nguyễn Hữu Cảnh congested at peak hours (15-25 min to D1 vs 5 min off-peak). Metro Line 1 Tân Cảng station operational within walking distance. At foot of Thu Thiêm Bridge — direct access to Thu Đức City / Thủ Thiêm in ~2 minutes.
→ Metro Line 1 Tân Cảng station within walking distance — 10 min to Bến Thành by metro. Thu Thiêm Bridge provides alternative route bypassing Nguyễn Hữu Cảnh congestion entirely. Multiple route options via Điện Biên Phủ and Võ Văn Kiệt.
🌊 Flood Risk
Nguyễn Hữu Cảnh historically flood-prone due to ground subsidence from surrounding construction. Maj...
Nguyễn Hữu Cảnh historically flood-prone due to ground subsidence from surrounding construction. Major 473 billion VND drainage upgrade raised the road up to 1.2m and installed new drainage infrastructure. Flooding significantly reduced post-upgrade. Project itself well-elevated with modern drainage systems.
→ 473 billion VND drainage upgrade completed on Nguyễn Hữu Cảnh — road elevated up to 1.2m in flood-prone stretches with new drainage system installed. Project built with modern drainage design, elevated above historical street flood level.
Sub-zones
🏢
Golden House
0 listings · 551 units
🏢
Silver House
0 listings · 351 units
🏢
White House
0 listings · 440 units
Notable Places
Infinity Saltwater Pool
1,000 m² saltwater infinity pool on the Level 6 amenity deck overlooking the Saigon River — one of the largest rooftop pools on the Nguyễn Hữu Cảnh corridor. Saltwater is gentler on skin and equipment than chlorine, which matters for daily swimmers and helps the pool stay cleaner through humid Saigon summers.
Riverside Park
Landscaped riverside promenade along the Saigon River with over 8,000m² of green space. Designed by ONG&ONG (Singapore) with walking paths and garden areas.
Sky Library
Residents library on the Level 6 amenity deck — a rarity in HCMC luxury towers, most of which skip quiet study space entirely. Useful for work-from-home residents or readers who want a break from the apartment without leaving the building.
Sunwah Pearl Commercial Center
8,000m² retail podium spanning 6 floors at the base of the three towers. Tenants include ILA English Center, restaurants, supermarket, convenience stores, and 19 ground-level shophouses.
Explore Vietnam
Delivered 2020
