Month: June 2026

Nam Rach Chiec Company Limited and Huong Viet Properties have launched Palm River, the latest residential subdivision within the 30.2-hectare Palm City township in Binh Trung Ward, Ho Chi Minh City.

The launch marks a new development phase for Palm City, a mixed-use township project in eastern Ho Chi Minh City.

Located near Thu Thiem and several major transportation projects, Palm City is situated in an area undergoing significant infrastructure development. The township is connected to key routes including the Ho Chi Minh City–Long Thanh–Dau Giay Expressway and the An Phu Interchange, while future projects such as the Thu Thiem–Long Thanh metro line and Long Thanh International Airport are expected to improve regional connectivity.

Developers have increasingly focused on integrated township projects that combine residential, commercial and community functions as demand grows for larger-scale urban developments.

Palm City spans 30.2 hectares and is planned to include residential areas, retail facilities, schools, healthcare services and community amenities. The development also incorporates riverside landscapes, green spaces and public areas throughout the project.

Speaking at the launch event, Nguyen Si Toan, Managing Director, High-rise Residential Real Estate at Huong Viet Properties, said Palm River represents the next stage in the township’s development.

“We see Palm River as the beginning of Palm City’s next chapter and a continuation of our commitment to creating a thoughtfully planned township focused on long-term value and quality of life,” he said.

Palm River is the first subdivision introduced under the company’s latest development strategy. The project will offer a range of apartment types, from units of approximately 35 square meters to larger residences exceeding 300 square meters. The developer expects the project to be launched to the market in 2026.

The subdivision is located along the riverfront and incorporates design elements inspired by the surrounding landscape. According to the developer, the project emphasizes natural light, ventilation and access to outdoor views.

Amenities planned for Palm River include recreational and wellness facilities centered around water features and open spaces.

The project team includes a number of domestic and international consultants, including Singapore-based architectural firm DPA, Australian interior design company Dark Horse, Brazilian landscape consultant LJ-Group, green building advisor Ardor Green and project management firm Core.

According to the developer, the design approach seeks to combine international expertise with local market preferences, with a focus on green spaces, community facilities and residential amenities.

Several earlier phases of Palm City have already been completed, including Palm Residence, Palm Heights, educational facilities and public parks. These components have contributed to the development of an existing residential community within the township.

Palm City is located near the planned Thu Thiem International Financial Centre and Nam Rach Chiec Sports Complex. The project is planned to include residential neighborhoods, commercial facilities, office space, schools, healthcare services and community amenities.

Huong Viet Properties operates in the residential, commercial and industrial real estate sectors, with projects focused on integrated planning and long-term development.

Source: https://e.vnexpress.net/news/business/palm-city-enters-new-development-phase-with-palm-river-launch-5086262.html

With many outstanding features in design and construction, along with a convenient location, The Hallmark is set to makes its mark on the market.

The Hallmark office tower is located at the gateway of the 7.6-hectare The Metropole Complex in the new Thu Thiem urban area. The project is invested by Gateway Thu Thiem Joint Stock Company, developed by SonKim Land, and positioned in the A+ office segment the preferred office segment of choice for multinational business office headquarters.

The building is expected to be operational in June this year.

“Green” design mark

From a distance, The Hallmark catches the eye with its “mirror” block design with four upright faces. The building has 30floors above ground, with 27 floors for rentable office space and 3 floors for commercial services.

The investor’s representative said that The Hallmark has received the BCA Green Mark (Gold) green certification from Singapore. The entire exterior of the building is covered with high-quality 30mm thick double-layered SYP glass for insulation, soundproofing and UV protection; inside is equipped with an automatic ventilation system and HEPA medical-grade air filter along with a passive cooling system to help reduce electricity usage of the building which not only leads to a more comfortable working environment but reduced energy costs for both the building owner and the tenants.

Relaxing spaces are artfully arranged in the common areas at the external area at the 1st or ground floor and on the 5th floor there is an outdoor dedicated green space and garden which creates a dynamic, fresh and rejuvenating outdoor area with panoramic views of District 1 and the Saigon River for tenants to take a break, relax and recharge in this fresh and tastefully landscaped green garden space.

Experts say that green office buildings developed according to ESG (Environmental – Social – Governance) standards are more likely to attract tenants because most companies and organizations are now looking for these trends to meet their sustainability goals. In addition, designing offices with open spaces, focusing on employee experiences and health is one of the criteria for foreign businesses to choose to promote creative culture and retain talent.

“Receiving environmental impact reduction certifications like The Hallmark has achieved is also very important in creating a difference compared to other buildings in Ho Chi Minh City,” said Mr. Jonathan Flexer – Senior Manager of CBRE Vietnam.

Bringing A+ grade work space

Speaking about the criteria for classifying A, B, C offices, Mr. Jonathan Flexer said that currently in Vietnam there is no unified standard. However, to contribute to transparency in the market and help tenants better understand their location choices, CBRE Vietnam has introduced a system of standards based on market conditions in Vietnam and existing buildings.

Evaluating The Hallmark building, CBRE’s representative said that the advantage of the project is its large floor area (total 68,000 m2) allowing tenants more flexibility in office design. Specifically, each floor of the building ranges from 1,600 to 2,300 m2, with a ceiling height of 2.75m inclusive of a raised floor of 100mm and a column-free design that maximizes natural light, optimizes views, increases productivity and inspires work.

To increase the competitiveness of the building, the investor has applied touchless technology such as the speed gates (turnstiles), elevator control panels (COP) without buttons, door-to-door pick-up and drop-off lobbies, 24/7 security equipment and camera The project is equipped with 20 high-speed Schindler elevators from one of the world’s leading brands, operating with intelligent AI to minimize waiting time.

Notably, The Hallmark is managed by an integrated smart building management system with modern software. Building management and operation services are provided by Savills according to international standards and supervised by Mr. Ryan Lower – Senior Manager of Gateway Thu Thiem investor who has previous local building management experience from managing multiple A-class buildings in Ho Chi Minh City such as Deutsches Haus, Saigon Centre Tower 1 & 2 and Sun Wah Tower.

Benefiting from location

The Hallmark is located on Tran Bach Dang Street – the gateway connecting the urban area with District 1 via Thu Thiem 2 Bridge (Ba Son Bridge). With the advantage of four valuable fronts, the project not only benefits from the future development model of Thu Thiem but also easily connects to the existing CBD (Central Business District) of Ho Chi Minh City making access to 5-Star Hotels and a diverse range of food & beverage options only a quick ride or drive away!

According to the plan, the new Thu Thiem urban area will have the main function of being the city’s new financial, commercial and high-end service center and will be one of the most economically and entertainment focused areas.

Experts from Savills Vietnam say that the new Thu Thiem financial center will become an extension of the traditional downtown area in District 1, similar to the development of Pudong (Shanghai) on the opposite bank of Huangpu River.

In fact, The Hallmark has attracted and is currently attracting interest from diverse business sectors (or groups) such as banks and other multinational companies, proving it’s potential to become a notable player in the new financial center both now and in the future.

In the future, The Hallmark will be centrally located to benefit and access from nearby projects offering A-class offices (about 389,000 m2 of floor space), commercial centers (137,800 m2) and 5-star hotel. Savills Vietnam’s office leasing department assesses that in the context of increasingly scarce office supply in Ho Chi Minh City’s CBD and rising rental prices, new supply from projects located in the new Thu Thiem urban area (such as The Hallmark) will offer many new choices to businesses to relocate their offices.

As Thu Thiem continues to receive a series of infrastructure projects such as a new bridge connecting it with District 7 through the Tan Thuan Export Processing Zone. To the east are important roads such as Mai Chi Tho Boulevard and Dong Van Cong Street, connecting Thu Thiem with Vo Chi Cong Street and Cat Lai Port. Inside the peninsula there are also important roads such as Arc Boulevard, Central Lake Road, River Road and Alluvial Road which will be beneficial to companies that lease their new office space at buildings in this area such as The Hallmark.

Floors are currently being handed over to tenants for design and fit out. The Hallmark looks forward to commencing full operations this summer.

Prodezi Long An Joint Stock Company (Prodezi) has officially been honored as an Outstanding Industrial Real Estate Investor & Developer in Vietnam Outstanding Real Estate Awards 2025 (VOPA 2025), organized by Nhip Cau Dau Tu magazine. This distinction also places Prodezi in the Top 10 Outstanding Real Estate Enterprises in Vietnam for 2025. The award is a recognition of Prodezi’s well-planned investments, long-term strategy, and sustainable vision, with ecological centricity, in both the real estate market in general and the industrial property sector in particular.

Sharing about this new milestone, Mr. Minh Truong, Deputy General Director of Prodezi, said: “This award is a tremendous encouragement, reaffirming Prodezi’s right direction in creating next-generation industrial ecosystems. The journey to realize Prodezi’s eco-centric industrial park model still holds many important milestones ahead. We sincerely thank our partners and investors who have trusted and accompanied us during this journey, and we hope achievements and honors such as this will help attract even more potential clients. I believe that this recognition is not only for Prodezi Long An, but also an incentive for other enterprises to implement sustainable industrial real estate solutions in the coming time, accelerate the green transition of the market, and contribute to enhancing national competitiveness in attracting high-quality FDI.”

In its development strategy, Prodezi focuses on the model of eco-centric industrial parks integrated with urban areas, aiming to create balanced spaces for production, community, and the environment. At the heart of this approach is Prodezi Industrial Park (Luong Hoa Commune, Tay Ninh Province – formerly Long An) with a scale of 400 hectares. From the outset, the project has been planned in line with eco-industrial standards under Decree 35/2022/NĐ-CP, ensuring a balance between economic growth and environmental protection. On this foundation, Prodezi has proactively set even higher sustainability targets, affirming its pioneering commitment to green industrial development. Specifically, 100% of wastewater is treated to meet standards, with at least 25% recycled; at least 20% of total energy demand is supplied from renewable sources; and green space and water areas make up no less than 25% of the park’s total area. These standards not only ensure compliance with regulations but also position Prodezi ahead of the curve in the trend of green and sustainable industrial development.

To realize these commitments, Prodezi has partnered with leading international firms such as Chitose Group (Japan) and TA Vital. At Prodezi Industrial Park, advanced biotechnology has been applied to treat sludge into organic fertilizer for green agriculture, a breakthrough solution that reduces chemical dependence, conserves resources, and lowers CO₂ emissions.

With its methodical investment, Prodezi Industrial Park offers outstanding competitive advantages for domestic and international investors. Enterprises benefit not only from its strategic location and high-quality infrastructure but also from the commitment to a sustainable investment environment built to international standards. This advantage is reinforced by attractive incentive policies and professional one-stop services, delivering a comprehensive, efficient, and secure investment solution.

In addition, Prodezi is currently developing the adjacent LA Home eco-township, with a total area of 100 hectares. Planned with sustainability as its guiding principle, the project has a construction density of only about 30%, with the remainder reserved for landscaping, waterways, and modern amenities. A highlight of the master plan is a 2.2-hectare central park along with a system of seven natural canals preserved and enhanced as “green lungs” to regulate air quality and create a fresh living environment for each subdivision. The simultaneous development of these two strategic projects reflects Prodezi’s long-term vision of an integrated urban–industrial ecosystem that is modern and sustainable, where economic growth is closely linked with quality of life, providing an ideal environment for professionals, engineers, and workers to live and work in the area.

Speaking about future directions, Truong emphasized: “We will continue to stay true to our goal of building a green-smart-sustainable industrial real estate ecosystem. Prodezi pioneers comprehensive solutions aligned with next-generation FDI attraction strategies and the overall economic development of the nation. We believe this is the inevitable path to creating lasting value for investors, communities, and society.”

The Vietnam Outstanding Real Estate Awards 2025 is known for its rigorous and comprehensive evaluation process. The judging panel evaluates not only business capacity and project quality but also sustainability commitments (ESG), especially in a challenging market context. Beyond VOPA 2025, Prodezi had earlier been named among the Top 50 Sustainable Development Enterprises under the Corporate Sustainability Awards (CSA) 2025 by Nhip Cau Dau Tu magazine and received the “Enterprise for Sustainable Development 2024” award from Dau Tu newspaper. This chain of awards not only affirms Prodezi’s pioneering position in the industrial real estate sector but also reflects the company’s alignment with Vietnam’s sustainable development strategy and efforts to enhance the country’s competitiveness on the international stage.