Updated: 26 Aug 2026
The Ritz-Carlton Residences in Saigon — a buyer's guide
Prices, unit mix, foreign-ownership rules and how the first Ritz-Carlton branded residences in Ho Chi Minh City actually work — by Happy Land, an independent distribution agency with English-speaking support.
The Ritz-Carlton's first residential address in southern Vietnam sits inside One Central Saigon — twin towers of 46–55 storeys rising on the Ben Thanh golden quadrangle in District 1, directly opposite Ben Thanh Market and linked underground to the central Metro interchange. Around 350 branded residences share the complex with a ~250-key Ritz-Carlton hotel, Grade-A offices and a luxury retail podium.
| Key fact | Detail (Aug 2026) |
|---|---|
| Residences | ~350 units, managed to The Ritz-Carlton standard (Marriott International) |
| Unit mix | 1–3 bedrooms · ~49–200 m² |
| Indicative pricing | ~USD 25,000–30,000 per m² (VND 650–800M/m²) |
| Entry ticket | 1BR from ~USD 1.3M equivalent (indicative) |
| Foreign ownership | Quota up to 30% of units per project — limited slots |
| Handover | Expected around 2029 (construction in progress — monthly updates) |
* Indicative figures at the time of writing; confirm the official price list and policy for the current sales batch before transacting.
Hotel vs. residences: what you actually own
The residences are privately owned homes — you hold title to the unit — while The Ritz-Carlton operates the building: butler and concierge service, a private residents' lounge, exacting maintenance standards and access to the hotel's dining and wellness facilities. Globally, branded residences of this tier command a price premium of roughly 30% over comparable non-branded stock (Savills, 2025/26) and hold value noticeably better in resale.
Can foreigners buy — and how?
- Quota: Vietnamese law allows foreigners to own up to 30% of units in a project. At this profile of project, quota slots are typically claimed early.
- Tenure: foreign ownership runs on a 50-year renewable term; Vietnamese spouses or companies can hold freehold-style title.
- Process: reserve → deposit agreement → sale and purchase agreement with progress-linked payments → handover (~2029). Payments are protected by bank guarantee under Vietnamese pre-sale rules.
- Costs: expect VAT (10%), a 2% maintenance sinking fund, and modest registration fees on top of the list price.
Why this address specifically
District 1 has essentially no undeveloped land left at its core. One Central Saigon occupies the last golden block — four street frontages, the Metro's central interchange underneath, and Ben Thanh Market across the street. For The Ritz-Carlton's Vietnam debut alongside Grand Marina Saigon (Marriott & JW Marriott Residences), Masterise Homes paired the brand with the scarcest site in the city — the fundamental driver of long-term value.
Frequently asked questions
No — Hanoi's Ritz-Carlton residences (also by Masterise Homes) are a separate project. One Central Saigon brings the brand to Ho Chi Minh City for the first time, in the city's historic core.
Yes — owners can lease their units. Branded residences in central Saigon typically target premium corporate and long-stay tenants; brand management keeps the asset lettable at the top of the market. Ask us for current rental benchmarks in District 1.
Sales-gallery and show-suite appointments are arranged through distribution agencies. Message us with your preferred dates — viewings can be organised in English.
The project (formerly The Spirit of Saigon) restarted construction in March 2026 and officially relaunched in May 2026 with tier-one contractors (Newtecons & SOL E&C). Before any deposit, verify the sales-eligibility certificate and bank guarantee for the current batch — we help buyers cross-check these documents free of charge.
Get the current price list, available units & foreign-quota status — English support, no spam
Message us on ZaloSee also: Project overview · Location & Metro link · Bảng giá (Vietnamese price page)