One Central Saigon — The Twin Towers Opposite Bến Thành Market Are Finally Taking Shape

One Central Saigon — The Twin Towers Opposite Bến Thành Market Are Finally Taking Shape

If you've been watching District 1's skyline slowly evolve, here's the development that will define its next chapter. Standing directly opposite Bến Thành Market — the hundred-year symbol of Saigon — two towers are rising floor by floor. On May 13, 2026, Tuổi Trẻ reported that Ho Chi Minh City's One Central Saigon is officially taking shape as a mixed-use landmark, one of the most ambitious developments in the history of the city centre.

For Achieve Realty VN — actively distributing Grand Marina Saigon in the adjacent Ba Son quarter — this is news worth reading closely, not just scrolling past.

Looking for expert advice on District 1 property right now? Contact Achieve Realty VN: 📞 (+84) 86 888 2539 - 0966692202 📧 sales@achievereal.com

What Is One Central Saigon? The Quick Brief

One Central Saigon — formerly known as The Spirit of Saigon or Pearl — is a large-scale mixed-use complex sitting on four street frontages: Lê Thị Hồng Gấm, Calmette, Phạm Ngũ Lão, and Phó Đức Chính, directly facing Bến Thành Market in District 1.

The developer is Masterise Homes. The operator is The Ritz-Carlton, under the Marriott International umbrella. Total investment: USD 500 million.

Here's what's going up:

• West Tower — 55 floors, 240m tall: Ritz-Carlton Hotel Saigon + Grade-A office space
• East Tower — 48 floors, 218m tall: Ritz-Carlton Residences Saigon (approximately 350 luxury apartments, 90–275 sqm each)
• 9-storey retail podium connecting both towers, with direct underground access to Bến Thành Metro Station via Entrances 4 and 5

When completed, One Central Saigon will be the tallest twin tower complex in Ho Chi Minh City — and the only project in District 1 with a direct underground Metro connection built into the structure.

Three Reasons This Development Stands Apart

1. A location that cannot be replicated

Central District 1 land has been effectively gone for years. The Bến Thành quarter — where One Central Saigon sits — is one of the last remaining plots large enough to support a complex of this scale. The view directly onto Bến Thành Market is a heritage panorama no future project will ever match.

2. Metro integration — a genuine first for District 1

Two direct underground connections to Bến Thành Metro Station at B1 level position One Central Saigon as a Transit-Oriented Development (TOD) — the urban planning model behind some of the world's most valuable real estate corridors in Singapore, Hong Kong, and Tokyo. As Metro Line 1 and Line 2 mature, this connection will reprice the entire surrounding area.

3. Ritz-Carlton Residences — roughly 350 units, no mass-market sales

Around 350 branded residences for the entirety of District 1, fully managed and serviced by The Ritz-Carlton at six-star standard, with European-imported interiors. The secondary market for a product this rare will stay tight for a long time.

What This Means for Buyers and Investors in District 1

If you already hold property in District 1:

A USD 500 million project rising at the heart of the centre is a positive signal for the wider area. Each landmark completed in a location like this brings renewed attention — and renewed demand — to surrounding assets. That's not hype; it's how Brickell moved in Miami, how Gangnam evolved in Seoul.

If you're looking to buy in District 1 with a realistic budget today:

One Central Saigon is not a product for most buyers — pricing has not been officially announced, but the Ritz-Carlton Residences positioning puts it firmly in ultra-prime territory. That said, its progress does sharpen the value proposition of already-delivered, title-deed-ready projects nearby.

Grand Marina Saigon at Ba Son — under ten minutes' walk from One Central Saigon — currently has secondary market listings with genuine pricing. Rental yields run from VND 38 million to over 150 million per month depending on the unit. For investors who want District 1 exposure with an asset they can actually use or rent out now, this is the practical alternative while One Central completes.

Browse available District 1 listings at Achieve Realty VN 

Achieve Realty VN's Honest Take: Separate the Headline from the Opportunity

One Central Saigon is not a new story for anyone who has followed District 1 closely. The project broke ground in 2019, went through multiple name changes, ownership restructures, and years of painfully slow progress. Construction effectively stalled between 2020 and 2024 — a stretch that left one of District 1's most prominent sites sitting visibly unfinished.

What's different now: Masterise Homes officially restarted tower construction in early 2025, brought in SOL E&C and Newtecons as contractors, and has since maintained visible momentum on-site. The Tuổi Trẻ report on May 13, 2026 reflects that something has genuinely shifted.

Our read on this:

The completion of One Central Saigon will be positive for District 1 as a whole — no question. But if your goal is a property that generates income or can be refinanced against today, a delivered, titled asset at Grand Marina Saigon is the grounded choice while you wait for the broader District 1 repricing story to play out.

We don't write these pieces to push a transaction. We write them because clients who understand the market — the full picture, not just the rendered imagery — make better decisions. If you're seriously weighing District 1 property right now, let's have a real conversation.

Achieve Realty VN — Floor 10, Miss Áo Dài Building, 21 Nguyễn Trung Ngạn, Sài Gòn Ward, Ho Chi Minh City, Vietnam Hotline: (+84) 86 888 2539 | 0966692202 📧 sales@achievereal.com