Ground Breaking: Lotte Eco Smart City

Update, 27 October 2026: the 2022 ceremony below was not followed by construction. Lotte Properties HCMC sent a termination letter in August 2025, then reversed course; the land-use fee of 17.569 trillion VND was paid on 31 July 2026, Phat Dat bought 35% for 7.666 trillion VND, and a new ground-breaking ceremony for the first two commercial blocks took place on 23 October 2026 (total investment ≈60 trillion VND; no new completion date was announced, October 2029 remains the developer’s 21 September plan). Read the current status in our Thu Thiem Foreign Buyer’s Guide (September 2026 update) or the full Vietnamese analysis here. Figures below are as published in 2022.