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3 of 8 delivered
1 / 3
Masterise Homes
3 of 8 sub-zones delivered · 5 upcoming 2026–2028
117.4ha world-class township by Foster + Partners with Metro Line 1 access, 92ha golf course, and Southeast Asia's largest water music fountain — HCMC's most ambitious new downtown
117.4-hectare world-class urban township in An Phú, Thu Duc, designed by Foster + Partners (UK) — the firm's first township masterplan in Vietnam. Developed by Masterise Homes across five distinct neighborhoods: SOHO commercial townhouses, Canal Walk high-rise apartments, Waterfront Park riverside townhouses, Diners Square entertainment precinct, and Villa Oasis luxury villas. Features 22 towers, 11,800 units, a 92-hectare international golf course, and the 2km Canal of Love with Southeast Asia's largest water music fountain. 28% construction density with 26 hectares of greenery and water features.
Balanced for both homeowners and investors.
The Global City is HCMC's most ambitious masterplan in active build-out — a 117.4 ha Foster + Partners township with an operating park and commercial precinct, incoming Lotte Mall, and three infrastructure catalysts now delivering. The binding trade-off is that most high-rise sub-zones hand over between late 2026 and 2028, so the full urban lifestyle picture requires patience.
Homeowner: A strong choice for homeowners who want Masterise's flagship masterplan address in Thu Duc. The 13 ha City Park and SOHO precinct are operating, international schools TAS and ICS are nearby, and Lotte Mall is in the final fit-out stages. The tradeoff is price: at ~140M/sqm primary you are paying 22% above comparable upper-mid peers, and on-site anchors like King's College Wimbledon and the Rach Chiec Sports Complex are still years from completion.
Investor: The investment case is strongest for buyers backing the infrastructure and sports-city thesis — Ring Road 3 and An Phu Interchange are now delivering, Long Thanh Airport targets Q4 2026, and the adjacent 212 ha Rach Chiec National Sports Complex broke ground. Active secondary market and Masterise brand provide a meaningful resale floor, but Cosmo Central's 64% Q1 2026 absorption versus 80-92% for comparable HCMC launches points to price selectivity at premium levels. Rental yields of roughly 3-4% are achievable once apartments are delivered, supported by expat demand from the TAS and ICS school corridor.
| Market range | 100 triệu – 180 triệu/m² |
| Unit price | 5,6 tỷ – 120 tỷ |
| Rent | 20 triệu – 180 triệu/mo |
| Launch price | 385 triệu/m² |
| Project | Price | Distance |
|---|---|---|
| Global City | 133,8 triệu/m² | — |
| Masteri An Phu | Similarly priced on secondary (~130–150M/sqm) but smaller compound and mostly delivered | Closer to CBD (An Phu, D2 fringe), fully delivered with active rental market |
| Vinhomes Grand Park | 30–50% cheaper at ~50–75M/sqm for apartments | Far east Thu Duc, Vinhomes scale and execution but very different price and buyer profile |
| Metropole Thu Thiem | 40–70% more expensive at ~200–250M/sqm | Ultra-luxury riverfront in Thu Thiem, different segment and buyer profile entirely |
Primary benchmark firmed from ~130M to ~140M/sqm over April 2026 while the secondary market held steady at ~145M/sqm.
| Developer | Masterise Homes |
| Status | 3 of 8 delivered |
| Completion | 2028 |
| Total Units | 11800 |
| Towers | 22 |
| Launch Date | 2021-03 |
| Handover | 2028 |
| Construction Permit | Approved |
| Pink Book | Partial |
| Pink Book % | 10% |
| Legal Notes | PM Decision 57/QD-TTg (Jan 2001) approved golf + residential complex. PM Document 867/TTg-KTN (Jun 2015) approved conversion from golf to urban project. HCMC approved 1/500 detailed planning Nov 2015. PM Document 224/TTg-CN (Feb 2017) approved adjustment to urban district (1,174,221.9m²). Construction permit No. 155/GPXD issued by HCMC Dept. of Construction (Dec 18, 2020). SDI Corp ownership transferred to Masterise Homes Aug 2021. Ground-breaking March 18, 2021. SOHO phase pink books issued from Nov 2024; over 400 SOHO townhouses delivered with pink books by April 2026. Vietnamese citizens have long-term ownership; foreigners get 50-year lease. Bank guarantee by Techcombank. May 2026 search confirmed no new legal developments or changes to ownership structure. |
Global City
| CBD (peak) | 29 min |
| CBD (off-peak) | 19 min |
| Airport (peak) | 48 min |
| Airport (off-peak) | 41 min |
| Long Thành (peak) | 49 min |
| Long Thành (off-peak) | 45 min |
Affluent Vietnamese families and expat professionals seeking HCMC's most ambitious masterplan address, investors backing the infrastructure and sports-city thesis, and golf or leisure enthusiasts comfortable with a 2–3 year build-out horizon.
