Explore VietnamReal Estate
Explore Vietnam
Sunwah Group
Delivered 2020 · Resale only · 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.
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.
Balanced for both end-users and investors.
Newest luxury build on Nguyễn Hữu Cảnh with pink books done, Metro operational, and Savills management — a mature, low-risk asset. Tradeoff: premium pricing and 40% density mean you pay top dollar for a smaller-scale community.
| Project | Price | Distance |
|---|---|---|
| Saigon Pearl | 117,5 triệu/m² | 0.2 km |
| The Manor | 94,8 triệu/m² | 0.6 km |
| Vinhomes Central Park | 175 triệu/m² | 0.7 km |
End-user: Good project with solid strengths and meaningful tradeoffs (7.0-7.9 band). Newest luxury build on NHC corridor with Savills management, walkable metro, and strong legal clarity. Held back by 30-50% price premium over neighbors, higher density (39.6%), and smaller community scale.
Investor: Good project with meaningful tradeoffs (7.0-7.9 band). Strong structural demand drivers and proven appreciation track record, but 3x growth already captured means entry price is high and future upside more moderate. Pink books and metro access provide solid downside protection.
| Developer | Sunwah Group |
| Construction | Delivered |
| Completion | 2020 |
| Total Units | 1342 |
| Towers | 3 |
| 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 December 2017, completed September 2020 (3 months ahead of schedule). Pink book registration opened July 2025; essentially all apartments (~1,500+) have been issued pink books by April 2026 including foreign-owned units within quota. Vietnamese citizens have permanent ownership; foreigners get 50-year renewable lease. Court case ongoing: Sato Investment vs Bay Water/Choi family — internal corporate/shareholder dispute with trial hearings scheduled Feb-Apr 2026 at HCMC People's Court. Sato claims unauthorized charter amendments and failure to distribute profits (~1.7B VND damages). Not a resident issue. Ward renamed from Phường 22 to Thành Mỹ Tây effective July 1, 2025. |
Sunwah Pearl
| CBD (peak) | 15-25 min via Nguyễn Hữu Cảnh (congestion at Sài Gòn Bridge interchange) |
| CBD (off-peak) | 5 min to District 1 via Thu Thiêm Bridge or Nguyễn Hữu Cảnh |
| CBD (motorbike) | 8-12 min to Bến Thành area |
| Airport (peak) | 40-55 min via Điện Biên Phủ to Tân Sơn Nhất |
| Airport (off-peak) | 25-30 min to Tân Sơn Nhất |
Upper-middle to high-income Vietnamese professionals and expatriates (Korean, Japanese, Western). Mix of owner-occupiers and long-term tenants. Savills management keeps short-term rental activity low compared to neighboring Vinhomes Central Park. Quiet, professionally run community with 88-92% occupancy across towers.
