The Marq District 1: Prices, Rents and Why Foreign Buyers Cannot Buy Yet
The rooftop pool at The Marq, looking towards Landmark 81. Photograph of the completed building.
The Marq is a luxury apartment building at 29B Nguyen Dinh Chieu, Saigon ward (formerly District 1), Ho Chi Minh City, developed by Hongkong Land with An Khang. Unlike almost everything else being marketed in the city, The Marq is built, handed over and occupied — you can inspect the actual apartment, move in immediately, and most of the current inventory already has its pink book.
The transaction structure is more layered than buying from a developer, because the remaining stock passed to institutional investors. This guide explains who is selling, how the two inventories differ, price and rental benchmarks, and the constraints buyers often discover only after paying a deposit.
Contents
Can foreigners buy at The Marq?
Not at present. There is no foreign allocation on offer. We are being explicit because the question keeps coming back: in June 2025 the position was confirmed as “no foreign allocation currently”; a restructuring route was floated but never formalised; and the same question asked again in July 2026 received no answer.
For overseas Vietnamese holding Vietnamese nationality, this is a different matter entirely. Under the Land Law 2024, in force since 1 January 2025, that group buys exactly as domestic citizens do — no quota, no cap. For a completed, pink-book building in the central district, this is arguably the best-matched buyer profile the project has.
Who is actually selling
The Marq on Nguyen Dinh Chieu street.
Hongkong Land, part of the Jardine Matheson group and active across Hong Kong, Singapore and Asia, developed the project with An Khang. It is finished and occupied.
The point to grasp: you are no longer buying from the original developer. The remaining stock was acquired in bulk by institutional investors, and there are now two parallel inventories:
| Inventory | Characteristics |
|---|---|
| UOA Group | Acquired the remaining stock from Hongkong Land. Transactions are by assignment of the sale and purchase contract; assignment costs are borne by the seller. Pink book application is supported after the assignment completes. |
| Gkey Homes (Hoa Lam) | Released from 10 July 2026. 100% of units already hold their pink book. Each unit comes with one titled car park space. This inventory covers lower-floor units only. |
Location and outlook
Aerial view of the building in the central district.
29B Nguyen Dinh Chieu sits in Ho Chi Minh City’s traditional central district, where there is effectively no remaining land for new development. That is the main reason luxury apartments in this pocket hold value better than the wider market: supply cannot increase.
Outlooks run towards Le Van Tam park, Landmark 81 and the central business district, depending on aspect.
View from the building towards Landmark 81.
Residential arrival lobby.
Podium landscape.
Elevated amenity deck.
Prices by unit type
The table below reflects the price bands published for the first release of the Gkey Homes inventory. These are ranges by unit type, excluding VAT:
| Unit type | Price range (excl. VAT) | Rate reference |
|---|---|---|
| 1 bedroom | about VND 9.96 – 11.36 billion | about VND 180 – 187 million/m² |
| 2 bedrooms | about VND 13.74 – 16.57 billion | about VND 191 – 219 million/m² |
| 3 bedrooms | about VND 21.17 – 29.32 billion | about VND 192 – 228 million/m² |
| 4 bedrooms | about VND 32.00 – 33.03 billion | — |
Costs sitting outside the headline figure: 10% VAT, the car park space (where not bundled) and a furniture package if you take a furnished unit. In the Gkey Homes inventory each unit already includes one titled car park space.
Monthly running costs: motorbike parking about VND 281,000, car parking about VND 350,000.
Rental benchmarks — real numbers, not projections
Because the building is occupied and its lettings market is established, this is data you rarely get on an unbuilt project. Indicative rents for fully furnished units:
| Unit type | Area (m²) | Indicative rent (VND million/month) |
|---|---|---|
| 1 bedroom + | 48 – 52 | 30 – 35 |
| 2 bedrooms | 74 – 78 | 45 – 55 |
| 3 bedrooms | 108 – 110 | 72 – 77 |
| 3 bedrooms, private lift | 125 – 128 | 80 – 92 |
| 4 bedrooms | 145 – 148 | 110 – 135 |
Payment terms and one constraint people miss
| Route | Terms |
|---|---|
| Fast payment | Pay 50–70% or 95% early for the deepest discount |
| Standard | At 50% paid you receive temporary handover; the next 45% spreads over 12 months |
| Special | At 50% paid you receive temporary handover, balance on a separate schedule |
On financing: in the UOA inventory the seller does not sign tripartite loan documents, so a buyer needing finance must arrange it independently against other security. The Gkey Homes inventory has a partner bank supporting loan applications. Confirm which applies to your unit.
Assessment
Strengths:
- Completed and handed over — no construction risk, and you inspect the actual apartment.
- The Gkey Homes inventory has pink books in place and includes a titled car park. Demand for “titled, move-in-ready” never disappears.
- Central-district location where new supply is essentially zero.
- Real rental data to calculate yield from, rather than a projection.
Points to weigh:
- The Gkey Homes inventory is lower-floor only — outlook and pricing differ from the upper-floor stock.
- The no-letting constraint on deferred payment.
- An extra intermediary layer compared with buying from the original developer.
- No foreign allocation, which also narrows the resale pool later.
Frequently asked questions
Read next
- Living and investing in District 1 — the wider central-district picture for foreign buyers.
- Viet Kieu property guide — how Vietnamese nationality changes what you can buy.
