Masterise Towers Saigon: An In-Depth Look at One Central Saigon

This is the most comprehensive and up-to-date guide on Masterise Towers Saigon (officially commercialized as One Central Saigon), the ultra-luxury mixed-use development launched on May 13, 2026, in the core CBD of District 1.

This article provides an objective perspective, transparent market information, and the most accurate updates on the development to date.

1. Quick Facts: Project Overview

2. Location: Unrivaled & Irreplaceable

Number 1 Pham Ngu Lao is no ordinary address. It is a golden plot encompassing four prime street frontages: Pham Ngu Lao, Calmette, Le Thi Hong Gam, and Pho Duc Chinh. It sits directly opposite the South Gate of Ben Thanh Market, one of Saigon's most enduring heritage landmarks.

Within a 500-meter radius, residents have immediate access to key city landmarks: The Fine Arts Museum, September 23rd Park, the Opera House, alongside a prestigious network of 5-star hotels and premium Grade-A office towers. Currently, virtually no other development in Ho Chi Minh City boasts a comparable location.

Its most exceptional value lies in the 6 basement levels directly connected to the Ben Thanh Central Station, the strategic interchange for HCMC's Metro lines. Once the urban railway network is fully operational, this location will seamlessly become the definitive transit and commercial hub of the entire city.

3. Scale: An Iconic Landmark

One Central Saigon transcends the concept of a standard residential building. It is a world-class mixed-use complex meticulously crafted on an 8,537 sq.m site:

Tower 1: The West Tower (57 floors)

• Floors 10 to 20: Grade A+ office spaces holding LEED green certifications.
• Floors 24 to 45: The Ritz-Carlton Saigon Hotel featuring 250 ultra-luxury rooms.
• This marks the inaugural presence of the prestigious The Ritz-Carlton hotel brand in Vietnam.

Tower 2: The East Tower (46 floors)

• Floors 10 to 30 & 32 to 53: The Ritz-Carlton Residences Saigon, an exclusive collection of 391 branded residences.
• Floor 9: The Residence Amenities Floor, a private ecosystem of lifestyle privileges dedicated exclusively to homeowners.
• Floors 54 and 55: Sky Deck offering panoramic city views.

Retail Podium

• Comprising 7 above-ground floors and 2 basement levels, totaling 19,990 sq.m of premium retail space.
• Destined to be the ultimate gathering place for luxury boutiques, fine dining restaurants, and elite lifestyle experiences.

4. The Ritz-Carlton: The Value of a Billion-Dollar Brand

While many developments may claim a 5-star standard, The Ritz-Carlton operates on an entirely different echelon.

As the absolute pinnacle of luxury within the Marriott International portfolio—sharing the elite tier with Bvlgari and EDITION—The Ritz-Carlton boasts over a century of legendary heritage. The Ritz-Carlton Residences have set the ultimate standard of living in Bangkok, Singapore, Vienna, and Tokyo. Now, these rigorous global standards officially arrive in Vietnam via One Central Saigon.

Becoming a resident here means inheriting the full suite of The Ritz-Carlton services right at your doorstep: 24/7 world-class Concierge, in-residence dining, private butler service, and tailored a-la-carte housekeeping.

5. Architecture: "Twin Dragons Holding a Pearl"

The twin towers' architecture is inspired by the "Twin Dragons Holding a Pearl", a profound Vietnamese cultural symbol representing strength, prosperity, and authority. The two majestic towers soar upwards and lean toward each other around a central focal point, resembling a glowing pearl.

The project's quality is guaranteed by globally renowned partners: architectural design by Arquitectonica (USA), interior design by HBA, executive architect B+H (a member of Surbana Jurong), and construction management by Turner.

Upon completion, this masterpiece will secure its position among the tallest and most iconic skyscrapers in the region.

6. The Exclusive Residence Collection

Own a priceless asset from the collection of 391 ultra-luxury apartments located in the East Tower (Tower 2), offering versatile layouts to meet every elite lifestyle requirement:

Handover Standard: Fully fitted with ultra-luxury interiors meeting the rigorous global standards of The Ritz-Carlton Residences.

Legal Tenure: Pink Book (Freehold for Locals / 50-year leasehold for eligible Expats), ensuring a secure, multi-generational legacy.

7. Indicative Pricing Information

As of May 2026, the developer has not released an official price list.

Current market indicative pricing hovers around Approx. $28,000 USD/sq.m (~700 million VND/sq.m). Please note this is an estimated figure projected by industry experts and strategic investors.

To receive a detailed financial projection for specific unit types and to access our exclusive quota, please contact us directly:

8. Development History & Legal Framework

The project located at the golden address of 1 Pham Ngu Lao has evolved through several significant milestones:

• 2013: Bitexco Group officially initiated the project under its original name, Spirit of Saigon.
• Transition Phase: The project was transferred to Saigon Glory Company under Decision No. 5210 by the HCMC People's Committee.
• Subsequent Phase: Viva Land took over management; however, construction was temporarily halted due to objective market factors.
• 2024: Masterise Group acquired the clean land plot and officially restarted the development.
• October 2025: The project was officially granted a 48-month construction extension by the HCMC People's Committee under Document No. 2973, ensuring absolute legal transparency.
• May 13, 2026: Masterise launched the world-class brand positioning: One Central Saigon.

This transparency in information represents a highly positive leap forward. Masterise Group's direct takeover of a prime, clean site with fully completed approvals from the HCMC People's Committee serves as the strongest legal guarantee and credibility for investors.

9. One Central vs. Grand Marina: A Comprehensive Comparison

In the realm of branded residences within the core CBD, One Central Saigon and Grand Marina Saigon stand as the two most prominent icons today. Each masterpiece carries a distinct design language and unique service privileges, catering to the diverse tastes and investment portfolios of ultra-high-net-worth individuals.

10. Experience Premium Services with Achieve Realty VN

Achieve Realty VN is honored to be an official sales agency for One Central Saigon, working alongside other masterpieces like Grand Marina Saigon, Empire City Thu Thiem, and the most prestigious luxury real estate in Ho Chi Minh City.

Exclusive privileges when partnering with the Achieve Realty VN team:

• ✓ Early access to the best inventory and exclusive VIP sales policies.
• ✓ Objective consultancy and appraisal, ensuring an optimal investment portfolio.
• ✓ Comprehensive after-sales services: legal support, banking assistance, and flawless handover.