The Ascent Thao Dien — EDGE-Certified Riverside Condos

Name: Ascent
Address: VN

Tiến Phát Corporation

Vietnam's first EDGE-certified residential project — 280 Singapore-designed units across 2 riverfront towers with three heated pools covering 650 m² of water surface, developed by Tiến Phát Corporation.

💰 4,1 tỷ – 11,5 tỷ📏 75 triệu/m²🏢 280 units

The Ascent is a 280-unit upper-mid condominium developed by Tiến Phát Corporation at 58 Quốc Hương in Thảo Điền, comprising two 29-floor towers on the Saigon River's northern bank. Built to Singapore resort standards with full-height glass facades and 3.2 m ceiling heights, the project holds an EDGE green building certification from IFC (World Bank Group) — the first residential EDGE certification in Vietnam — recognising over 20% energy savings, 20% water savings, and 30% material efficiency gains over standard construction. Three heated pools spanning a combined 650 m² of water surface anchor an amenity deck that also includes a yoga room, sauna, fitness centre, and resident library.

Neighborhood

79*

Family Score

Good

Family appeal is strong here, anchored by British International School HCMC with both an Early Years and Junior Campus within 220m — walk-to-school access that few Thảo Điền addresses can match.

95

Leisure Score

Excellent

Lifestyle amenities are the strongest feature of this address. The streets immediately around the project are lined with popular cafés and well-reviewed restaurants, making the Thảo Điền expat dining scene walkable from the front door.

72

Convenience

Good

Daily convenience is adequate, with everyday essentials next door and Tops Market Thao Dien within 700m for broader grocery shopping.

78

Health

Good

Medical access is solid for this part of Thảo Điền, with an international-standard clinic within 250m for everyday needs and Vinmec Central Park International Hospital 1.9 km away for more complex care.

83

Transit Access

Excellent

Transit access is strong, anchored by Thảo Điền Station on HCMC Metro Line 1 approximately 790m away, connecting directly to central HCMC without transfers.

94

Commute Ease

Excellent

26 min to Q1 Bến Thành via MRT1. 13 min walk to metro station.

65

Nightlife

Good

Nightlife options are accessible within a short walk, with several bars and a gastropub on Quốc Hương and adjacent streets giving the area a reliably active evening character.

0

Quietness

Below Avg

Quietness is at its floor — this is one of the noisiest residential addresses in Thảo Điền. The street corridor hosts a concentrated bar and dining scene within 150m of the project entrance, generating elevated ambient noise into the late evening on weekdays and weekends alike.

* Score includes on-site amenities that are planned or under construction, not yet open.

Domo Scores™

7.2

🏠 Homeowner

Solid

7.2

📈 Investor

Solid

Balanced for both homeowners and investors.

The Ascent is a focused upper-mid buy in Thảo Điền — Vietnam's first EDGE-certified residential project, three heated pools for 280 units, and BIS international school next door make this stand out clearly at its price point. The building is nine years old and priced ~19% above the peer median, so buyers should verify building condition and build a realistic maintenance budget before committing.

🏠 Homeowner

Value

6.2

Livability

7.5

Legal & delivery

8.1

Location & connectivity

7.3

📈 Investor

Value

6.2

Returns & exit

7.8

Legal & delivery

8.1

Location & demand

7.1

Why the scores differ

Homeowner: Solid for homeowners in the Thảo Điền expat market. Vietnam's first EDGE-certified building delivers measurably lower utility bills and a wellness-grade amenity deck — three heated pools for 280 units, plus sauna, yoga room, and library — that newer upper-mid projects rarely match. Main tradeoffs: the building is nine years old, ambient noise is high from bars and restaurants within 150m, and the compact two-tower footprint limits outdoor green space.

Investor: A credible rental investment anchored by Thảo Điền's established expat tenant pool and the project's EDGE certification — a combination that sustains a rental premium over generic same-era stock, with sub-5% vacancy confirmed across the ward. Estimated gross yields of 4–5% on 2-bedroom units are reasonable; pink books fully issued remove exit friction. The pricing runs about 19% above the upper-mid peer median, narrowing resale appreciation upside, and the 2017 vintage means buyers should budget for deferred maintenance.

Price & Market

Current Market Price

75 triệu/m²

📈 +103% since launch

Market range	56 triệu – 110 triệu/m²
Unit price	4,1 tỷ – 11,5 tỷ
Rent	17 triệu – 36 triệu/mo
Launch price	37 triệu/m²

Est. Rental Yield4.1%

•🟢 Vietnam's first EDGE-certified residential project — no comparable green-certified condo stock in Thảo Điền at this price tier; a specific demand driver that sustains a rental premium over generic same-era stock and attracts a growing segment of environmentally conscious expat buyers
•🟢 Pink books fully issued and Metro Line 1 in full operation since January 2025 — zero legal or infrastructure delivery risk; active secondary market confirms sustained expat demand with sub-5% vacancy across Thảo Điền ward
•🟢 Three heated pools (650 m²) for 280 units — amenity-to-unit ratio materially outpaces typical Thảo Điền condos; genuinely uncrowded at peak hours compared to 500+ unit peers using similar pool footprints
•🟡 Building age (2017) positions it below the spec baseline of newer Thảo Điền inventory — finishes and smart-home features show a visible gap against 2022–2025 builds; lift condition and management quality are the key watchpoints at this stage of the building's lifecycle
•🟡 Resale pricing at ~75M/m² sits 19% above the upper-mid segment peer median — buyers are paying for Thảo Điền location and the EDGE premium rather than value-discount upside; HCMC's strong secondary market conditions (per CBRE Q1 2026) are supportive but leave limited incremental appreciation headroom at this entry level

Is this a good deal?

🟢 ~11% cheaper than comparable projects

Project	Price	Distance
Ascent	75 triệu/m²	—
Hoàng Anh River View	44 triệu/m²	0.6 km
Thảo Điền Pearl	92 triệu/m²	0.6 km
D'Edge	118 triệu/m²	0.6 km

Should you buy here?

Best for:

✓Expat families who want to walk to BIS and prioritize EDGE-certified green living
✓Homeowners who value wellness amenities at a low unit-to-amenity ratio — three heated pools plus sauna and yoga room
✓Buyers wanting Saigon River proximity and Thảo Điền lifestyle at upper-mid pricing

Not ideal for:

✗Noise-sensitive residents — multiple bars within 150m generate high ambient sound most evenings
✗Families expecting resort-scale outdoor grounds — the compact site limits green space relative to newer large-scale developments
✗Buyers primarily comparing finishes against 2022–2025 builds — the 2017 vintage shows a visible gap in fittings and smart-home features

Market Trends

Resale prices are stable, supported by consistent expat rental demand; HCMC's broader secondary market showed strong appreciation in Q1 2026 per CBRE, but The Ascent's above-median entry pricing limits incremental capital gain upside from current levels.

Decision Factors

Strengths

✓Vietnam's first EDGE-certified residential project — IFC-verified 20%+ energy and water savings translate to measurably lower utility bills and appeal specifically to environmentally conscious expats
✓Three heated pools totalling 650 m² for 280 units — amenity-to-unit ratio well above Thảo Điền norms, with genuine availability at peak hours across adult lap, children's, and party pool
✓British International School HCMC (Early Years & Junior Campus) is 145–220m away — walk-to-school access that eliminates the daily school-run commute for families
✓Pink books fully issued and Metro Line 1 operational ~800m away — a complete package of legal certainty and transit infrastructure with no remaining delivery risk

Tradeoffs

!Building is nine years old (delivered 2017) and priced ~19% above the upper-mid peer median — buyers are paying for the EDGE premium and location, not for new construction or value upside
!Compact two-tower footprint — outdoor landscape and communal ground space are limited compared to newer resort-style developments in Thảo Điền and Thu Thiêm
!High ambient noise from bars and restaurants within 150m — quietness is the lowest-scoring measured dimension at this address

Watch items

?Lift and façade condition: a 2017 building with full-height glass façade and two lift cores serving 29 floors — inspect service records and confirm management fee reserves are adequate before purchase
?Flood exposure: Quốc Hương Street sits on low-lying riverfront land with documented street flooding after heavy rain — verify basement parking access and building drainage records during peak wet season
?Thu Thiêm 4 Bridge under construction (expected completion 2028) will improve District 7 access for residents, but also signals continued development pressure on the surrounding riverside corridor

Unit Types

2BR

2 Beds · 2 Baths · 67–69 m²

4,1 tỷ – 6,2 tỷ

71 triệu/m²

Rent: 17 triệu - 25 triệu/mo

Young families

3BR

3 Beds · 2–3 Baths · 99 m²

6,5 tỷ – 11,5 tỷ

86 triệu/m²

Rent: 25 triệu - 36 triệu/mo

Growing families

Penthouse

4–5 Beds · 4–5 Baths · 211 m²

Under review

11,6 tỷ – 13,7 tỷ

60 triệu/m²

Growing families

Project Details

Developer	Tiến Phát Corporation
Total Units	280
Towers	2

Legal Information

Launch Date	2015
Handover	2017-Q1
Construction Permit	Approved
Pink Book	Issued
Legal Notes	Pink books have been issued to all residents under standard Vietnamese long-term ownership. Project built by Hoa Binh Construction Real Estate Corporation. Searches confirm full sổ hồng issuance for this 2017-delivered project.

Amenities

👨‍👩‍👧 Family: A children's pool and dedicated play area serve families on-site. ISHCMC and the German International School are a short drive along Nguyễn Văn Hưởng, making Thảo Điền's international school cluster directly accessible without entering the city's highway network.

🏋️ Fitness: Three heated pools — an adult lap pool, a children's pool, and a party pool — total 650 m² of water surface, shared among only 280 units. A fully equipped fitness centre, dedicated yoga room, and sauna round out the wellness offering; genuine availability even at peak hours given the low unit-to-amenity ratio.

🏖️ Lifestyle: A BBQ terrace and landscaped garden provide social and outdoor space within the compact site. The Thảo Điền expat dining strip on Nguyễn Văn Hưởng — restaurants, cafes, and bars — is a 5-minute walk from the project entrance.

🛒 Convenience: Two basement levels for resident car and motorbike parking. 24/7 security and concierge services operate across both towers. The Thảo Điền Metro Line 1 station — approximately 600m from the project along Hanoi Highway — provides a car-free route to central districts.

🏊 Pool♨️ Sauna🌳 Garden🔥 BBQ Area🛗 Elevator👶 Kids Pool🧒 Play Area🔒 Security🧘 Yoga🛎️ Concierge🅿️ Car Parking🏋️ Gym🏍️ Motorbike Parking

Location & Commute

Ascent

17 min

District 1 CBD

39 min

Tân Sơn Nhất Airport

55 min

Long Thành Airport

CBD (peak)	23 min
CBD (off-peak)	17 min
Airport (peak)	44 min
Airport (off-peak)	39 min
Long Thành (peak)	61 min
Long Thành (off-peak)	55 min

🚇

Metro

Thao Dien Station

Nearby

🛍️

Mall

Vincom Mega Mall - Thao Dien

Nearby

🛒

Supermarket

Siêu Thị Mẹ Bầu & Em Bé Con Cưng

Next door

🏫

Schools

British International School HCMC (BIS) …

Next door

🏥

Hospitals

Vinmec Central Park International Hospit…

1.9km

🌳

Park

Thao Dien Park

Nearby

Major Roads

Quốc Hương Street — the project's address, a residential road linking Nguyễn Văn Hưởng to the Saigon River embankment and running parallel to the riverfrontNguyễn Văn Hưởng Street — the main spine of Thảo Điền ward, lined with international schoolsHanoi Highway

🔇 High Noise🌊 Moderate Flood🛣️ Not Near Highway

A mix of mid-to-senior expatriates from Thảo Điền's international community and upper-income Vietnamese professionals, drawn by the project's EDGE green certification, Singapore design quality, and Saigon River proximity. The compact 280-unit scale creates a close-knit community character distinct from larger township-style developments.

Things to consider (not deal breakers)

⚠️ Traffic

Quốc Hương Street is a relatively narrow two-way road that congests during school drop-off and pick-...

Quốc Hương Street is a relatively narrow two-way road that congests during school drop-off and pick-up hours (7–8 am, 3–5 pm), particularly at the junction with Nguyễn Văn Hưởng. The wider Thảo Điền congestion pattern — peak backups along Nguyễn Văn Hưởng toward Hanoi Highway and the Saigon Bridge — adds 15–25 minutes to city-centre trips during rush hour.

→ Residents with flexible schedules can avoid the worst congestion by departing before 7 am or after 9 am. The Thảo Điền Metro Line 1 station — approximately 600m from the project — offers a car-free alternative to central districts; Metro Line 1 has been fully operational since December 2024.

🌊 Flood Risk

Thảo Điền sits on low-lying land along the Saigon River with documented street flooding after sustai...

Thảo Điền sits on low-lying land along the Saigon River with documented street flooding after sustained heavy rain, primarily on lower sections of Nguyễn Văn Hưởng and Trần Não. Quốc Hương Street, running close to the riverbank, carries moderate flood exposure during extreme weather events.

→ The building's podium structure and basement parking levels are elevated above typical street flood depths. Surface flooding on Quốc Hương is generally short-lived and does not affect the building's internal structure or upper parking levels.

Sub-zones

🏢

Block A Apartment

0 listings

4,1 tỷ - 11,5 tỷ

56 triệu - 110 triệu/m²

🏢

Block B Apartment

0 listings

4,1 tỷ - 11,5 tỷ

56 triệu - 110 triệu/m²

Notable Places

Resident Library

A dedicated reading room within the amenity deck — a feature present in fewer than 10% of HCMC condos at any price segment. With only 280 units sharing the space, it functions as a practical quiet zone rather than a token amenity.

Triple Heated Pool Complex

Three heated pools — an adult lap pool, a children's pool, and a party pool — total 650 m² of water surface shared among 280 units. Three heated pools at this combined scale is uncommon even for luxury-tier Thảo Điền condos; the per-unit pool ratio compares favourably to any condominium in the ward.

Wellness Suite — Sauna & Yoga Room

A dedicated sauna room and yoga studio on the amenity level — both uncommon in the upper-mid segment. Their inclusion reflects the project's Singapore resort design brief, which specified wellness facilities beyond the standard Vietnamese condo programme.