Detailed Review of Ascott Waterfront Saigon Luxury Serviced Apartment Project in District 1
Ascott Waterfront Saigon is a luxury serviced apartment project located in a prime position right in the center of District 1, Ho Chi Minh City. The project is not only a high-end residential complex but also part of the Waterfront Saigon mixed-use building, including office space, affirming its position as one of the international-standard Grade A commercial and residential towers.
Project Overview and Scale
Ascott Waterfront Saigon is developed by Canh Hung - Hai Thanh JSC. The building is constructed on a land area of 2,190m², located in the central area of Ho Chi Minh City, where many multinational corporations and embassies choose to set up headquarters. This is an important architectural and commercial highlight of the city.
Architecture and Building Structure
The Ascott Waterfront Saigon building has a total floor area of over 39,000m². The structure includes 4 basement levels, 27 above-ground floors, 1 rooftop level, and 1 swimming pool level. The total basement parking area is 6,416m².
The project has a mixed-use function, clearly dividing usage areas:
- From ground floor to level 9: Commercial center and office area. This office section is also known as Waterfront Saigon, hosting many banking and financial companies.
- From level 10 to level 25: High-end serviced apartments.
- Level 26 and level 27: Luxury penthouse area.
Developer and Management Unit
The project is developed by Canh Hung - Hai Thanh JSC. The main contractor is CotecCons, and the M&E contractor is R.E.E M&E. Notably, upon completion, the project was handed over to The Ascott Limited (Ascott), a serviced apartment brand under CapitaLand, to manage 222 serviced apartments under the official name Ascott Waterfront Saigon.
Strategic Location
Ascott Waterfront Saigon is located at No. 1 Ton Duc Thang Street, Ben Nghe Ward, District 1, Ho Chi Minh City. This is a prime “diamond” location at the intersection of Ton Duc Thang Street, Ba Son Port, and Thu Thiem Bridge. This position is not only in the center of District 1 but also offers exceptional transportation convenience.
Infrastructure Connectivity Advantages
When Thu Thiem Bridge was inaugurated (note: based on older data, Thu Thiem 2 Bridge has already been completed), Ascott Waterfront Saigon became a key gateway connecting Thu Thiem New Urban Area and District 1. This significantly enhances the project’s commercial and connectivity value. In particular, the project is directly connected to Ba Son Metro Station, a major advantage for public transportation, and is about 30 minutes driving distance from Tan Son Nhat International Airport.
Surrounding Environment
The building is adjacent to well-known luxury hotels such as Legend Hotel and Le Meridien Hotel. In addition, the nearby Ba Son Port area has been planned for redevelopment into a high-end urban area, promising a luxurious and prestigious living and working environment.
Apartment Design and Premium Amenities
Ascott Waterfront Saigon offers elegant and spacious serviced apartments, designed in various layouts to meet the diverse needs of high-end customers and foreign experts.
Diverse Designs
The apartments range from compact and fully equipped studio units to standard apartment layouts, and especially 4-bedroom penthouses on the top floors. All units come with fully equipped kitchens and separate working and dining areas.
Luxury Amenity System
As a luxury serviced apartment, Ascott Waterfront Saigon focuses on investing in a full range of amenities to provide the best living experience for residents. Key amenities include:
- Clubhouse and modern fitness center with panoramic city views.
- Bar.
- Rooftop swimming pool, an ideal place to relax and enjoy the city view.
- Children’s playground.
- Restaurant system and retail shops located within the building’s commercial center.
Progress and Investment Value
Construction Progress
According to initial information from the developer, the project had completed the structural phase, with contractors working on glass installation and finishing. The project was expected to be completed in 2015 (based on older data) and handed over to The Ascott Limited for management in early 2016.
Pricing
The reference price was recorded at 16 million/m². This price (based on older data) reflects the prime location and Grade A serviced apartment quality in District 1, an area with the highest real estate value in Ho Chi Minh City. With management by The Ascott Limited, a globally recognized serviced apartment brand, the project ensures strong rental yield potential and stable value.
In-depth Analysis of Mixed-Use Function
The mixed-use design combining commercial space and high-end residential apartments provides multiple benefits. The office/commercial area (Waterfront Saigon) from ground floor to level 9 attracts major businesses, creating a dynamic business community and strong demand for serviced apartment rentals from professionals. This helps ensure high occupancy rates and premium rental prices for the residential section above.
The mixed-use function also means residents directly benefit from commercial services, banks, and facilities within the same building, optimizing convenience and saving travel time.
Benefits from Ascott Management System
The management takeover of 222 serviced apartments by The Ascott Limited (under CapitaLand) is a strong endorsement. Ascott is one of the world’s leading serviced apartment operators, ensuring 5-star international standards in service, maintenance, and facilities. Its presence not only enhances residents’ living quality but also strengthens the project’s brand and long-term investment value.
Central Real Estate Vision
Ascott Waterfront Saigon represents the ultra-luxury real estate segment in the center of District 1. Located at No. 1 Ton Duc Thang Street, the project sits within the administrative, economic, and financial core of Ho Chi Minh City. The development of the metro system and nearby urban projects such as Ba Son redevelopment further enhance liquidity and appreciation potential.
For investors, Ascott Waterfront Saigon is not only a capital appreciation asset but also a stable rental income source, catering to high-end tenants such as professionals, executives, and expatriates working in Ho Chi Minh City.
In summary, Ascott Waterfront Saigon is a rare mixed-use project that brings together all key elements: prime location, international scale, refined design, and professional management. It is undoubtedly a top choice for those seeking a premium living space or a profitable investment opportunity in the most vibrant central area of Ho Chi Minh City.
