The Westique Residences: A Foreign Buyer’s Guide to VCRE’s 99-Unit Boutique Tower
The Westique Residences on Kinh Duong Vuong, western Ho Chi Minh City. Developer render.
Short answer for foreign buyers: yes, you can buy at The Westique Residences. The developer confirms foreign purchasers sign a sale and purchase agreement (SPA), not a long-term lease. Two conditions apply: the price for foreign buyers is higher than the domestic price (the developer has not published the differential), and the project does not accept passports printed with the nine-dash line.
The catch is arithmetic. Vietnamese law caps foreign ownership at 30% of the apartments in any one building. The Westique has 95 apartments in total — so the entire foreign allocation is roughly 28 units. Confirm what is left on the day you choose a unit, not from a list someone sent last week.
Below: the developer, the location, the full unit mix, the amenity layers, the legal milestones and the price reference, as of August 2026.
Contents
Can foreigners buy at The Westique Residences?
Yes. The developer has confirmed that foreign buyers are accepted and that they sign a sale and purchase agreement — the same instrument Vietnamese buyers sign, which gives you a pink book in your own name rather than a leasehold interest.
What you need to establish before committing:
| Question | Position as of August 2026 |
|---|---|
| Contract type | Sale and purchase agreement (SPA) |
| Tenure | Freehold. Foreign individuals hold for 50 years, renewable under the Housing Law |
| Price difference | Higher than the domestic price band. The developer has not published the percentage — ask for the foreign price list in writing |
| Foreign quota | 30% of apartments per building by law. With 95 apartments, that is roughly 28 units for the whole project |
| Restriction | Passports printed with the nine-dash line are not accepted |
Who is building it
VCRE (Viet Capital Real Estate) positions itself as a luxury boutique developer — few projects, each small. It sits inside the Phoenix Holdings ecosystem alongside Vietcap (securities), BVBank, VCAM and VietCredit, plus the Vietnamese franchises of McDonald’s and 7-Eleven.
For a buyer the useful signal is not the brand list but the funding structure: a developer with a bank and a fund manager in the same group is typically under less short-term sales pressure. That is not a guarantee, but it belongs in your assessment when buying off-plan.
Design is by Ong&Ong (Singapore). The project has been recognised as Best Luxury Boutique Developer and at the Dot Property Awards for Best Residential Development.
Location: the western corridor and the metro question
Site position on the Kinh Duong Vuong corridor, beside the Mien Tay bus terminal cluster and Phu Lam park.
The site sits on Kinh Duong Vuong, the spine of HCMC’s western district, about 9 km from Ben Thanh Market. Unlike suburban launches that depend on future infrastructure, this area already has hospitals, schools, wholesale markets, shopping centres and dense established population.
Two anchors sit within roughly 300 m, a five-minute walk: the Mien Tay bus terminal cluster and Phu Lam park. Under the city masterplan this is also where a station of metro line 3A (Ben Thanh – Tan Kien) is planned.
The infrastructure actually under construction nearby is Ring Road 3, the widening of National Highway 1 and the extension of Vo Van Kiet Boulevard. Those have a clearer near-term effect on daily travel than the metro does.
The building: 99 units and what that changes
Most Ho Chi Minh City launches are measured in thousands of units. The Westique is one 15-storey tower with 99 products — 95 apartments and 4 shophouses. The developer built to roughly 40% site coverage where regulations would have permitted 75–80%, spending the difference on landscape, setbacks and amenity space.
Two consequences follow directly. First, cost per saleable square metre is higher than a neighbouring project that maximised its plot ratio — you are paying for shared space, not apartment area. Second, with three lifts serving only 8–10 apartments per floor, the peak-hour lift queue that dominates resident complaints in 30-plus-unit floor plates effectively does not arise here.
| Level | Function |
|---|---|
| Level 1 | Residential lobby, podium shophouses, nursery, EV charging, car park entry |
| Levels 2–3 | Resident parking |
| Level 4 | All internal amenities — pool, gym, kids club, community room |
| Levels 5–15 | Apartments — 11 residential floors |
| Rooftop | Sky Park, designed around a cave concept |
Apartments start at level 5, so no unit sits inside the podium or looks directly onto Kinh Duong Vuong at street level. The mix runs to 12 layout types across studio, one-, two- and three-bedroom. With 95 apartments in total, each layout averages only 7–8 units — plenty of choice in principle, but almost no substitute if you have set your heart on one specific plan.
| Specification | Detail |
|---|---|
| Ceiling height | 2.85 m |
| Balconies | Two per apartment, except studios |
| Glazing | Laminated acoustic tempered glass, high glass ratio on the façade |
| Lifts | Three, serving about 8–10 apartments per floor |
| EV charging | 10 stations |
| Building management | Savills |
Living area of a show apartment. Developer render.
Floor plates
The tower has three typical floor plates. They differ mainly in core position and unit mix, which changes both outlook and internal layout between groups.
Typical floor plate, levels 5–6.
Typical floor plate, levels 7–9.
Typical floor plate, levels 10–15.
Amenities across three layers
The three amenity layers in the design concept.
| Layer | Level | Contents |
|---|---|---|
| Light | Level 1 | Signature entry gate, residential lobby, podium shophouses, nursery, EV charging |
| Water | Level 4 | Saltwater-electrolysis infinity pool, children’s pool, jacuzzi, gym and yoga, community room, kids play area, changing rooms |
| Cave | Rooftop | Sky Park: discovery play area, BBQ deck, community garden, reading seats, viewing platform |
Rooftop amenity deck.
Gym and yoga room on the amenity floor.
Community lounge.
Amenity provision works out at roughly 6 m² per resident. One operational detail worth noting: the pool runs on saltwater electrolysis rather than direct chlorine dosing — more expensive to install and run, and generally limited to the upper end of the market.
Legal status and delivery timeline
This matters more than usual here, because the project is still ahead of its formal sales licence. The developer’s published legal milestones:
| Date | Milestone |
|---|---|
| 11/2016 | Land use right certificate |
| 08/2025 | Investment certificate |
| 11/2025 | 1/500 master plan approval |
| 03/2026 | Feasibility study approval |
| 04/2026 | Fire safety design approval |
| 05/2026 | Construction commencement notice |
| 09/2026 | Eligible-for-sale licence (planned, not yet issued) |
Price reference and payment structure
At the kick-off event on 11 August 2026 the developer published an average price of about VND 99 million per square metre. Read that number correctly:
- It is a project average, not a unit price. Low floors and poorer aspects sit below it; high floors with open outlook sit well above.
- It is calculated on centre-line area.
- It excludes VAT and the 2% maintenance fund.
- It is net of the sales policy discounts.
- It is the domestic band. The foreign band is higher.
The binding number is the quotation the developer issues for your specific unit code.
| Payment route | Characteristics |
|---|---|
| Standard | Progress payments — only about 30% falls due before handover |
| Standard Plus | Variant of the standard schedule, higher discount for earlier instalments |
| Bank financing | Partner-bank loan with an interest support package per release |
| Fast payment | Pay 50% or 70% early for the deepest discount |
Booking incentives run in phases. Phase 1 closed on 25 August 2026 with combined incentives of up to 2.5%; from 26 August the early-bird component reduced to 1.0%. Additional discounts apply for buyers using their own funds and for bulk purchases, with furniture and appliance packages varying by release.
Who this suits
Worth a look if you:
- Work in or near the western districts and want low density rather than relocating east.
- Value daily living quality — few units per floor, short lift waits, uncrowded amenities — over the scale of a township.
- Are buying to hold, or to let to the stable tenant base around the Mien Tay terminal, and accept a long cycle.
Think carefully if you:
- Are buying on the metro story. Line 3A has not started construction.
- Need liquidity. A 99-unit project means a very thin secondary market in both directions.
- Are comparing purely on price per square metre. At 40% site coverage you are paying for shared space, not apartment area.
- Are a foreign buyer needing certainty of allocation — roughly 28 units exist for the whole project.
Frequently asked questions
Read next
- Foreign buyer guide to Vietnamese property — the ownership rules, the 30% cap and the paperwork in full.
- Ho Chi Minh City master plan to 2050 — how the western corridor fits the wider infrastructure programme.
