TransparentReal Estate
Transparent
Phú Long
Rare riverside compound in D5 at 4-canal confluence — 5-star hotel, IMAX mall, and 1,228 apartments with Broadway Malyan design and CBRE management. 10 min to D1.
Better for long-term living than for investing.
Compelling concept — D5 riverside, 5-star hotel, Broadway Malyan design, 10 min to D1. But 10+ years of delays with no confirmed handover date make this a high-risk play. At 60-65M/m², cheaper than Everrich Infinity (85-117M) but you're paying for a promise, not a product.
| Project | Price | Distance |
|---|---|---|
| The Everrich Infinity | 85-117 million/m² (resale) | Same D5, delivered 2018, established community — the proven alternative |
| Millennium (Masteri) | 65-85 million/m² (resale) | D4 Bến Vân Đồn, delivered, canal view — similar price but already liveable |
| Charmington Iris | 45-55 million/m² (resale) | D4 nearby, delivered, more affordable — budget alternative in same area |
End-user: Weak project with notable concerns (5.0-5.9 band). Compelling concept and good D5 location are overwhelmed by 10+ years of construction delays, no confirmed handover date, and zero pink books issued. You cannot live in a promise. The location and design credentials save it from a lower band, but this is not a viable near-term home purchase.
Investor: Weak project with notable concerns (5.0-5.9 band). No rental income possible from an undelivered project, no resale market exists, and legal/delivery uncertainty creates serious downside risk. The location fundamentals are sound, but investors are buying pure speculation with no near-term return path and a developer with a decade-long delay track record.
| Unit price | 3 tỷ – 8,5 tỷ |
| Launch price | 40 triệu/m² |
Prices rose from ~35-40M/m² at 2016 pre-sale to 60-65M/m² current — but this reflects inflation and D5 appreciation rather than project-specific value creation. No resale market exists since no units have been delivered. The project's value is entirely future-dependent.
| Developer | Phú Long |
| Construction | Construction |
| Total Units | 1228 |
| Towers | 4 |
| Launch Date | 2016 |
| Construction Permit | approved |
| Pink Book | not_issued |
| Pink Book % | 0% |
| Legal Notes | Long-term ownership for Vietnamese nationals, 50-year for foreigners. Project originally planned 2011, revived by Sovico/Phú Long in 2014. Construction has experienced significant delays — original handover target Q4/2023 was missed. Buyer should verify current timeline directly with developer. |
Dragon Riverside City
| CBD (peak) | 20-30 min via Võ Văn Kiệt or Trần Hưng Đạo |
| CBD (off-peak) | 10-15 min |
| CBD (motorbike) | 10-15 min |
| Airport (peak) | 30-40 min |
| Airport (off-peak) | 20-25 min |
Mix of Vietnamese middle-class families and Chinese-Vietnamese community in D5/Chợ Lớn area. Young professionals attracted by central location and Võ Văn Kiệt connectivity.
Mixed-use riverside complex by Phú Long (Sovico Holdings) at the confluence of 4 Saigon canals in District 5. Four residential towers (Ruby, Sapphire, Emerald, Carnelian) with 1,228 apartments, plus a 53-story hotel/office tower and 6-floor shopping mall. Designed by Broadway Malyan (UK), managed by CBRE. Long-delayed — originally planned 2011, revived 2014, still under construction.