Nam Rach Chiec & An Phu (The Global City Corridor): A Foreign Buyer’s Guide (2026)

Posted by Khoi Pham on July 12, 2026

Business, Foreign Buyer Guide, HCMC Area Guide, Knowledge, Real Estate

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The An Phu–Nam Rach Chiec corridor is one of the best-connected pieces of new real estate in Ho Chi Minh City. Sitting at the interchange where the Hanoi Highway meets the city’s ring road in Thu Duc City, it plugs straight into the airport, the expressway to the coast, and the metro — and it is where Masterise Homes is building The Global City, the area’s headline destination.

This guide covers the corridor’s location advantage, The Global City and the surrounding stock, transport, the investment case, and how foreign ownership applies.

Where it is and why location is the story

Nam Rach Chiec and neighbouring An Phu occupy the ground between Thao Dien and the eastern expressways, anchored by the An Phu interchange — one of the most important road junctions in the city. From here the Long Thanh–Dau Giay expressway runs to the coast and the future Long Thanh airport, the Hanoi Highway and Metro Line 1 run into the centre, and Ring Road 2 ties into the wider network. For residents and tenants, that means genuinely fast access in every direction, which is exactly what the modern corporate renter values.

The Global City

The corridor’s flagship is The Global City by Masterise Homes, a large mixed-use downtown master-planned with a sports and entertainment complex, a canal-side promenade, retail and a range of residential formats. Positioned as a new city-centre for the east, it aims to bring District 1-style density and amenity to a greenfield site with far better road access. Its scale and branding have made it one of the most closely watched launches in the eastern market.

The wider stock

Beyond The Global City, the An Phu area offers a mix of established and new apartments and townhouse projects that benefit from the same connectivity while sitting just minutes from Thao Dien’s schools and amenities. That proximity lets buyers capture the corridor’s transport advantage while staying close to the established expat heartland — a useful hedge for anyone worried about buying too far from proven demand.

Connectivity in detail

The corridor’s defining feature is access. The An Phu interchange, Metro Line 1’s nearby stations, Ring Road 2 and the Long Thanh expressway together make this one of the few places in the city with fast links to the CBD, the airport corridor and the coast at once. As the ring roads and the new airport come online, well-located stock here is positioned to benefit directly from the infrastructure re-rating reshaping the east.

The investment case

The pitch is new, well-connected stock at a slight discount to Thao Dien, wrapped in a clear master-plan story through The Global City. Buyers are betting that the combination of branding, amenity and unbeatable road access will pull demand and prices up as the projects complete and the surrounding infrastructure matures. It sits between Thao Dien’s proven-today profile and Thu Thiem’s wait-a-decade profile — newer and cheaper than the former, more established and connected than the latter.

Price and rental snapshot

Pricing in the corridor generally sits a notch below Thao Dien for comparable new stock, reflecting its slightly less finished surroundings, while offering superior road connectivity. Rental demand is building as projects complete, drawn by the transport advantage and the spillover of tenants who want Thao Dien access at a lower price point. The return profile blends moderate current yield with master-plan-driven growth potential.

How the corridor compares

Versus Thao Dien, it is newer, better-connected by road and a little cheaper, but less of a finished community today. Versus Vinhomes Grand Park further east, it is more central and more premium. Versus Thu Thiem, it is less of a pure CBD play and more of a connectivity-and-master-plan play. Its edge is location: few areas in the city touch the airport corridor, the expressway and the metro all at once.

Where Viet Kieu can own — Ho Chi Minh City to the coast

Wherever you are in the journey, here is where Viet Kieu buy — central Ho Chi Minh City to the coast:

Your status sets the ownership type: a Viet Kieu with Vietnamese residency or citizenship owns freehold, like a local (any project below). A Viet Kieu who is a foreign national buys within the 30% foreign quota or via long-term lease (the first three groups).

District 1 — Ho Chi Minh City

One Central Saigon — Ritz-Carlton branded, foreign quota available

District 2 — East of Ho Chi Minh City

SELLINGPalm River — riverside, opening Sept 2026 (foreign quota expected)
SELLINGThe Global City — foreign quota available
SELLINGGladia Heights by Keppel Land — foreign quota available
RESALEDiamond Island — handed over, buy from current owners
RESALEThao Dien Green — foreign-quota unit, resale

Coastal (foreign-eligible)

Nobu Residences (Da Nang) — long-term lease resort
Mandarin Oriental (Da Nang) — freehold for Vietnamese residents; long-term lease for non-residents

✓ Also yours freehold — if you hold Vietnamese residency or citizenship

These sell to domestic buyers (no foreign quota), but a Viet Kieu with residency owns them freehold, like a local:

SELLINGBeachtro Tower — Blanca City, Vung Tau (final sea-view tower)
SELLINGRung Phuong — Eco Retreat, Long An (low-rise, education hub)
Haus Coastal — Quang Ngai (94ha coastal township)

Not sure which fits your status? Confirm your eligibility and live availability with a Realtique advisor — contact us or email [email protected].

Who it suits

The corridor suits buyers who want brand-new, well-connected stock with a master-plan narrative, and who value road access to the airport and the coast as much as proximity to the CBD. It appeals to investors comfortable buying into a district that is still maturing but backed by concrete infrastructure, and to owner-occupiers who want Thao Dien’s convenience at a slightly lower entry.

The sports and entertainment complex

A distinctive feature of The Global City is its planned sports and entertainment complex, envisaged as a large public destination that draws visitors from across the city. Amenities of this scale do more than serve residents — they give a new district a reason for outsiders to come, which is how a greenfield masterplan builds the footfall that supports retail, dining and, ultimately, residential demand. For an early buyer, a credible destination anchor is one of the better signals that a masterplan will fill in rather than stall, because it creates value independent of the housing itself.

Living between two worlds

The corridor’s quiet advantage is that it lets residents live between the established and the emerging. Thao Dien’s schools, restaurants and riverside are minutes away, while the new stock, wide roads and masterplan amenities of the corridor itself offer a fresher, less congested base. That dual access — proven amenities next door, new-build value at home — is unusual in the city and is a large part of why the corridor appeals to buyers who find Thao Dien itself increasingly built-up and expensive.

A typical corridor buyer

The typical buyer here wants new, well-connected stock with a masterplan story but is not willing to sacrifice access to proven amenities. They value the airport-and-expressway connectivity for future resale, appreciate being a short hop from Thao Dien, and are comfortable buying into a district still finding its feet because the infrastructure underwriting it is concrete rather than speculative. Investors and owner-occupiers both feature, drawn by the blend of connectivity, brand and relative value. For many, the deciding factor is simple arithmetic: they get newer stock and better road access than Thao Dien for a lower price, while staying close enough to tap the same schools and amenities.

Can foreigners buy here?

Yes — the apartment projects along the corridor, including those within The Global City, fall under the standard rule allowing foreign ownership of apartments within a 30% per-building cap on a 50-year renewable title. Landed townhouses and land are not available to foreigners for outright ownership. Because these are new launches, foreign quota is often available early; we confirm the specifics and the developer’s paperwork before you proceed.

Frequently asked questions

Is The Global City open to foreign buyers?
Its apartment components fall under the standard foreign-ownership rule — up to 30% of units per building on a 50-year renewable title. Landed products are not available to foreigners for ownership. Confirm remaining quota per building.

Why is the An Phu corridor considered well-connected?
It sits at the An Phu interchange, linking the Long Thanh expressway (to the coast and future airport), the Hanoi Highway and Metro Line 1 into the centre, and Ring Road 2 — fast access in every direction from one location.

Is it close to the international schools?
Yes — the corridor sits just minutes from Thao Dien, so residents can reach the international schools and expat amenities quickly while paying a lower entry price for newer stock.

How does the corridor compare to Thao Dien on price?
Comparable new stock in the An Phu–Nam Rach Chiec corridor generally prices a notch below Thao Dien, reflecting its slightly less finished surroundings, while offering superior road connectivity to the airport corridor and expressway.

YOUR ADVISOR

KC Pham

CEO, Realtique

KC and the Realtique team help international buyers pick the right Ho Chi Minh City neighbourhood — matching lifestyle, budget, rental yield and foreign-ownership eligibility, then handling the purchase end to end.

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