The truth about the information about an apartment priced at 1 billion VND per square meter in Saigon ward

Recently, social networks and media channels have posted information about a newly launched project in Saigon Ward (HCMC) with a price of up to 1 billion VND per square meter, attracting public attention.

Masterise Homes launches special edition Marriott apartment with price under 450 million/m² - Photo: VAN TRUNG

In recent days, on social networks and media channels, images of apartment prices at the project in Saigon Ward (HCMC) have been circulating, claiming that the price per square meter is up to 1 billion VND. The apartments mentioned are in the Marriott Residences Special Edition area at the Lake building of the Grand Marina Saigon project (No. 2 Ton Duc Thang, Saigon Ward, HCMC) of Masterise Homes.

However, Masterise Homes said that this company has just launched a special version of Marriott apartment priced under 450 million/m².

According to this company, the expected selling price (rumor) of the limited collection of Marriott Residences Special Edition branded apartments at Lake building is from 24 to 52 billion VND per apartment.

Accordingly, a studio apartment with an area of ​​52.62 square meters costs 24 - 25.5 billion VND, a 1-bedroom apartment with an area of ​​51.02 - 64.57 square meters costs 29.5 - 31.5 billion VND.

For a 1-bedroom (+) apartment with an area of ​​67 - 72m², the price will be 33.5 - 35 billion VND and a 2-bedroom apartment with an area of ​​88.58 - 117.05m² will be priced at 50.5 - 52 billion VND.

Inside the apartments at Marriott Residences Special Edition - Photo: Masterise Homes

Masterise Homes said that with limited quantity, this special version of Marriott branded apartment has completed interior and is ready to hand over to customers. This business said that the project is developed by Masterise Homes and managed by Marriott International, the world's largest hotel brand.

In the center of Ho Chi Minh City, there are currently only a few apartments being introduced to customers, including another project that is also being introduced to buyers at a price of 230-250 million VND/m². Meanwhile, in the new urban area of ​​Thu Thiem, apartments are being advertised for sale at prices ranging from 150-400 million VND/m².

Previously, the project in District 1 (old) had information about the selling price up to 1 billion VND/m², but then the project was related to the Van Thinh Phat case so it was still "frozen" and could not be implemented.

According to the survey results of the apartment market in Ho Chi Minh City in the second quarter and the first 6 months of the year by market research units, the central area of ​​Ho Chi Minh City is currently being launched by businesses in the mid- and high-end segments.

CBRE Vietnam's report shows that as of the second quarter of 2025, the primary selling price of the apartment market in Ho Chi Minh City (before the merger) reached VND82 million/m², an increase of nearly 7% quarterly and 29% annually.

Savills Vietnam's Q2 2025 Vietnam Real Estate Market Overview Report shows that in Q2 2025, Ho Chi Minh City will have 1,600 new apartments, up 38% year-on-year. Primary supply is limited at 5,400 apartments and sales volume is only 2,400 apartments, absorption is 45%. Accumulated from the beginning of the year, primary supply in the first 6 months of 2025 reached 6,800 apartments and sales volume reached 3,800 apartments.

Future supply for the 2025-2027 period is expected to reach 39,000 apartments.

According to the latest report of the Ho Chi Minh City Real Estate Association (HoREA), from 2021 to now, Ho Chi Minh City no longer has any commercial housing projects with prices under 30 million VND/m², and the supply is mainly in the high-end, luxury and super luxury segments.

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Source: https://tuoitre.vn/thuc-hu-thong-tin-can-ho-co-gia-1-ti-dong-moi-mo-phuong-sai-gon-20250717152821627.htm