Sunwah Pearl - Luxury Apartments on Nguyễn Hữu Cảnh
Sunwah Group
Newest luxury towers on Nguyễn Hữu Cảnh by Hong Kong's Sunwah Group — Savills-managed with 1,000m² infinity saltwater pool, panoramic Saigon River views, and 5 min from District 1.
💰 8,3 tỷ – 29 tỷ📏 220 triệu/m²🏗️ Delivered · 2020🏢 1342 units
Family suitability: schools, hospitals, parks, safety
Quick Verdict
7.7
🏠 End-user
Good
7.5
📈 Investor
Good
Balanced for both end-users and investors.
Newest, best-finished project on Nguyễn Hữu Cảnh — Savills-managed with low Airbnb and 3x appreciation since 2017 launch. Tradeoff: 40% construction density and 30-50% price premium over adjacent Saigon Pearl for a smaller-scale community.
End-user: Good project with meaningful tradeoffs. Strong location near D1 with metro access and professional Savills management, but premium pricing (30-50% above adjacent Saigon Pearl), high construction density (39.6%), and limited green space/scale relative to nearby Vinhomes Central Park.
Investor: Good project with meaningful tradeoffs. Strong demand drivers from near-CBD location and expat tenant pool, but entry price is stretched after 3x appreciation since 2017. Rental yield of 3-3.5% is typical, not exceptional. Much of the infrastructure catalyst value (Metro Line 1) is already priced in.
Price & Market
Current Market Price
220 triệu/m²
📈+340% since launch
7
For Sale
13
For Rent
Market range
135 triệu – 220 triệu/m²
Unit price
8,3 tỷ – 29 tỷ
Rent
21 triệu – 57 triệu/mo
Launch price
50 triệu/m²
Est. Rental Yield3.0%
Rental Prices
1 BR
21 triệu – 25 triệu/mo
2 BR
38 triệu – 52 triệu/mo
3 BR
48 triệu – 57 triệu/mo
•🟢 3x appreciation from 45M/m² (2017) to 150-180M/m² (2026) — strongest growth on Nguyễn Hữu Cảnh corridor
•🟢 Pink books issuing from mid-2025, mostly done — removes a key risk that had depressed secondary pricing
•🟡 150-180M/m² is 30-50% premium over adjacent Saigon Pearl (105-130M) — justified by 14 years newer construction
•🟡 Rental yield ~3-3.5% — typical for segment, this is a capital appreciation play
•🔴 Corporate dispute (Bay Water vs Sato) in courts — no resident impact but creates headline risk for cautious buyers
Should you buy here?
Best for:
✓Expats wanting professionally managed, quiet building near District 1
✓Couples and young professionals prioritizing modern 2020 finishes over community scale
✓Saigon Pearl residents upgrading to newer build quality
✓Metro commuters — Tân Cảng station walkable for daily D1 commute
Not ideal for:
✗Families needing on-site school or large park/green spaces
✗Budget-conscious buyers — 1BR starts at 8.3B VND, no entry under 8B
✗Those wanting large-scale community amenities (1.9ha vs Vinhomes CP's 43.9ha)
✗Buyers sensitive to construction density — 39.6% is high for luxury segment
Market Trends
↑ Up 340% since launch (50 triệu → 220 triệu/m²)
50 triệu/m²→220 triệu/m²
Prices increased from 50 triệu → 220 triệu/m²
Prices tripled from 45-50M/m² at 2017 launch to 150-180M/m² in 2026 — one of the fastest appreciations in Bình Thạnh. Pink book issuance from mid-2025 removed a key risk, stabilizing secondary market. Expect continued premium positioning as the newest project on Nguyễn Hữu Cảnh with Savills management reputation.
Pros & Cons
Pros
✓Newest build on NHC (2020), premium finishes
✓5 min to D1, Metro + Thu Thiêm Bridge access
✓Savills-managed, low Airbnb traffic
✓Pink books mostly issued by early 2026
✓3x price appreciation since 2017 launch
Cons
✗Higher density (39.6%) than neighbors
✗Nguyễn Hữu Cảnh peak-hour congestion
✗Internal corporate dispute in courts (2025-26)
✗30-50% premium over adjacent Saigon Pearl
Unit Types
1BR
1 Beds · 1 Baths · 48–56 m²
8,3 tỷ - 9 tỷ
Rent: 21 triệu - 25 triệu/mo
Singles & couples
1BR
1 Beds · 1 Baths · 51–56 m²
8,3 tỷ - 9 tỷ
Rent: 21 triệu - 25 triệu/mo
Singles & couples
2BR
2 Beds · 2 Baths · 88–112 m²
13,8 tỷ - 26 tỷ
Rent: 38 triệu - 52 triệu/mo
Young families
2BR
2 Beds · 2 Baths · 87–112 m²
13,8 tỷ - 26 tỷ
Rent: 38 triệu - 52 triệu/mo
Young families
3BR
3 Beds · 2 Baths · 122–133 m²
20,5 tỷ - 29 tỷ
Rent: 48 triệu - 57 triệu/mo
Growing families
Project Details
Developer
Sunwah Group
Construction
Delivered
Completion
2020
Total Units
1342
Towers
3
Legal Information
Launch Date
2017-05
Handover
2020-09
Construction Permit
approved
Pink Book
issued
Pink Book %
90%
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; most apartments issued pink books by early 2026 including foreign-owned units within quota. Vietnamese citizens have permanent ownership; foreigners get 50-year renewable lease. Court case (2025-2026): internal corporate/shareholder dispute between Bay Water and related entity Sato Company — not a resident issue. Ward renamed from Phường 22 to Thành Mỹ Tây effective July 1, 2025.
Amenities
👨👩👧Family: Indoor and outdoor playgrounds on Level 6. Karaoke and library in amenity deck. Wellspring International School at adjacent Saigon Pearl. Vinschool ~1.5km.
🏋️Fitness: 1,000m² infinity saltwater pool on Level 6 with Saigon River panorama. Fitness center, yoga studio, and sauna.
🏖️Lifestyle: 8,000m² commercial center across 6 podium floors with restaurants, supermarket, ILA English center, and shops. Adjacent to Saigon Pearl's dining and retail ecosystem.
🛒Convenience: 2 basement levels + 5 above-ground parking tiers. Car parking 2M/month, motorbike 200-250K/month. Metro Line 1 Tân Cảng station walkable. Thu Thiêm Bridge at foot of project.
🏊 Pool♨️ Sauna🌳 Garden🔥 BBQ Area🧒 Play Area🔒 Security🏛️ Clubhouse🅿️ Car Parking🏋️ Gym🎮 Indoor Playroom🏍️ Motorbike Parking
Location & Commute
Sunwah Pearl
5 min
CBD
25-35 min
Airport
CBD (peak)
15-25 min via Nguyễn Hữu Cảnh (congestion at Saigon 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
Airport (off-peak)
25-30 min to Tân Sơn Nhất
🚇
Metro
0.5 km
🛍️
Mall
Vincom Center Landma…
🏫
Schools
2 nearby
🏥
Hospitals
2 nearby
Major Roads
Nguyễn Hữu CảnhThu Thiêm BridgeVõ Văn Kiệt BoulevardĐiện Biên Phủ
🔇 Moderate Noise🌊 Low Flood✈️ No Flight Path🛣️ Not Near Highway🏠 Low Airbnb
Upper-middle to high-income Vietnamese professionals, expatriates (Korean, Japanese, Western). Mix of owner-occupiers and tenants. Relatively new community (delivered 2020). Low short-term rental activity compared to neighboring Vinhomes Central Park.
🏫 International Schools
•Wellspring International School (at Saigon Pearl, adjacent)
•Vinschool Central Park (~1.5km)
🏥 Hospitals
•Vinmec Central Park International Hospital (~1.5km)
•FV Hospital (District 7)
Things to consider (not deal breakers)
⚠️ Traffic
Nguyễn Hữu Cảnh congested at peak hours. Metro Line 1 Tân Cảng station operational since Dec 2024, w...
Nguyễn Hữu Cảnh congested at peak hours. Metro Line 1 Tân Cảng station operational since Dec 2024, walking distance. At foot of Thu Thiêm Bridge — direct access to Thu Duc City / Thu Thiem in ~2 minutes.
→ Metro Line 1 Tân Cảng station walkable since Dec 2024 — 10 min to Bến Thành. Thu Thiêm Bridge provides alternative route bypassing Nguyễn Hữu Cảnh congestion entirely.
Nguyễn Hữu Cảnh historically flood-prone. Major 473B VND drainage upgrade completed 2021; flooding significantly reduced. Project well-elevated with modern drainage.
→ 473B VND drainage project completed 2021 on Nguyễn Hữu Cảnh. Project built 2017-2020 with modern drainage design — elevated above street flood level.
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This area scores 96 for Lifestyle Score · 76 for Family Score
🚀Metro Line 5 (Tân Cảng - Cần Giuộc) — interchange at Tân Cảng station
🚧Long Thành International Airport (2026)
🚧Thu Thiem New Urban Area development
Description
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.
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