Lotte Eco Smart City Thu Thiem apartment is one of the largest planned mixed-use developments in the Thu Thiem New Urban Area, a joint venture between South Korea’s Lotte Group and local developer Phat Dat, spanning 7.45 hectares with a total investment estimated at around 2.28 billion USD. After years of delay, the project cleared a major legal and financial hurdle in mid-2025 and construction is expected to begin in 2026. Apartment.vn tracks the project closely and helps buyers understand exactly what stage it is at before considering a reservation.
Interested in Lotte Eco Smart City Thu Thiem?
Call Apartment.vn at 0968 339 379 for an honest, up-to-date briefing on this project’s actual construction status before you commit any deposit.
Lotte Eco Smart City Thu Thiem Project Overview
| Location | BL 2-1 to 2-6, Thu Thiem New Urban Area, Thu Duc City, Ho Chi Minh City |
| Developers | Lotte Group (South Korea) and Phat Dat Real Estate (Vietnam) |
| Land area | 7.45 ha (74,513 m²) |
| Residential towers | 6 towers: T1 (12 floors), T2 (18), T3 (18), T4 (24), T5 (48), T6 (36) |
| Commercial towers | 4 office and hotel towers, 24–60 floors |
| Total units | ~1,400 units: 1–4 bedrooms, duplex and penthouse |
| Total investment | Estimated ~2.28 billion USD (initially 900 million USD in 2017) |
| Ownership | Long-term (Vietnamese buyers), 50-year renewable term (foreign buyers) |
| Status (2026) | Legal/financial obstacles cleared mid-2025; construction expected to start 2026, handover targeted around 2028 |
Why Choose Lotte Eco Smart City Thu Thiem
Lotte Eco Smart City’s scale and backing are hard to match in Thu Thiem: a Fortune Global 500 Korean conglomerate paired with a major Vietnamese developer, on one of the largest remaining undeveloped plots in the core of the new urban area. Its long, complicated path to construction is also the single most important thing to understand before considering a purchase here.
- One of the largest remaining development plots in Thu Thiem’s central core.
- Backed by Lotte Group, a major South Korean conglomerate, with local partner Phat Dat.
- Planned green park covering over 20% of the site, alongside eco-friendly transport features.
- Positioned among Thu Thiem’s most centrally located sites, close to the planned financial district.
Location and Connectivity
Lotte Eco Smart City occupies a large plot at the heart of the Thu Thiem New Urban Area, near several of Thu Thiem’s other major developments:
- Central plot within the Thu Thiem New Urban Area’s planned financial and business core
- Near The Metropole Thu Thiem, Empire City and The River Thu Thiem developments
- Short bridge crossing to District 1’s existing central business district
- Along the Saigon River with planned access to the riverside park network
Neighborhood and Lifestyle
The project’s marketing has long emphasised sustainability: electric shuttle buses, smart parking, dedicated bicycle lanes, and a green park covering more than a fifth of the site with trees, water features and landscaped walkways. If delivered as planned, this would place Lotte Eco Smart City among the more environmentally focused large-scale developments in Ho Chi Minh City, though buyers should treat these features as design intent until construction visibly progresses.
Pricing and Availability
Historical marketing materials quoted an estimated selling price above 10,000 USD per square metre, reflecting the project’s premium positioning within Thu Thiem’s core. Given the project’s history of delay and the recent change in financial structure and partnership with Phat Dat, actual sale pricing and release phasing for 2026 have not been independently confirmed at the time of writing. Apartment.vn does not quote a firm price until the developer publishes an official, current price list.
| Detail | Reference |
|---|---|
| Total units | ~1,400 units, 1–4 bedrooms, duplex, penthouse |
| Historical marketing price guide | quoted above ~10,000 USD/m² (unconfirmed for 2026 launch) |
| Land use fee settled (2025) | ~16.19 trillion VND |
Because pricing for large-scale projects typically shifts once construction actually begins and a formal sales launch is announced, treat any pre-2026 price figures as historical reference only. Apartment.vn will update this listing as soon as an official, current price list is released.
Amenities and Facilities
- Planned green park covering over 20% of the total site
- 50-metre lap pool, children’s pool and jacuzzi (per original design)
- Fitness centre with yoga room and sauna
- Children’s play area and BBQ area
- Eco-friendly transport: electric shuttle buses, smart parking, bicycle lanes
- 24-hour concierge services including security, housekeeping and laundry (per original design)
These amenities reflect the project’s original design concept as marketed by the developer. Given the project’s long delay and recent restructuring with Phat Dat as a new partner, final amenity delivery should be confirmed against the developer’s current approved plans rather than older marketing material once construction is underway.
Who Lotte Eco Smart City Thu Thiem Suits Best
Given the project’s early construction stage, Lotte Eco Smart City currently suits patient investors and buyers comfortable with a multi-year holding period before handover, rather than anyone needing an apartment to move into or rent out in the near term. It is not yet a fit for buyers who need certainty on delivery timing.
Buying or Renting at Lotte Eco Smart City Thu Thiem Through Apartment.vn
Because Lotte Eco Smart City has not yet broken ground on its residential towers, there is currently no resale or rental market for completed units. Anyone considering this project today is looking at a pre-construction reservation, not an existing apartment. Apartment.vn’s role at this stage is to give you an accurate, current picture of the project’s status before you commit any funds:
- We confirm the project’s current legal and construction status before any conversation about pricing.
- We verify which entity (Lotte, Phat Dat, or a joint sales office) is currently handling reservations.
- We explain the risks specific to a long-delayed project, including past reports of the developer considering termination before the 2025 restructuring.
- If you still wish to proceed, we review any reservation agreement and payment schedule with you in plain English before you pay anything.
- We recommend comparing against already-completed Thu Thiem projects (The Metropole, Empire City) if you need certainty on timing.
Why Has This Project Taken So Long?
Lotte won the bid for this site back in 2017 with an initial investment figure of about 900 million USD, and held a groundbreaking ceremony in September 2022. Despite that ceremony, actual construction did not proceed for years due to unresolved legal procedures, and at one point Vietnamese authorities confirmed reports that Lotte was considering terminating the project altogether. The turning point came in 2025: Lotte brought on Phat Dat Real Estate as a partner, raised the total investment estimate to around 2.28 billion USD, and by July 2025 the project had settled its outstanding land-use financial obligations of roughly 16.19 trillion VND — widely reported as the key remaining bottleneck. Construction is now expected to begin in 2026, with handover realistically targeted around 2028, not the earlier Q4 2026 date sometimes quoted in older marketing material.
Investment Outlook
Lotte Eco Smart City represents a genuinely large-scale, well-capitalised project now backed by two credible developers, but its history of delay means any purchase today carries real timeline risk that does not apply to Thu Thiem’s already-completed projects. Investors attracted by the potential upside of buying before construction fully ramps up should weigh that against several more years of holding before any rental income or resale becomes possible, and should independently verify the current legal status of any specific unit before paying a reservation fee.
Frequently Asked Questions
Has construction started at Lotte Eco Smart City Thu Thiem?
As of 2026, construction is expected to begin following the resolution of legal and financial obstacles in 2025, including settlement of outstanding land-use fees. A groundbreaking ceremony was previously held in September 2022, but actual construction did not proceed at that time.
When will Lotte Eco Smart City Thu Thiem be handed over?
Current reporting points to a realistic handover around 2028, later than the Q4 2026 date quoted in some older marketing material. Buyers should confirm the latest timeline directly before committing funds.
Who is developing Lotte Eco Smart City Thu Thiem?
The project is a joint venture between South Korea’s Lotte Group and Vietnamese developer Phat Dat Real Estate, who signed an investment cooperation agreement after Lotte’s original 2017 agreement faced years of delay.
Is it safe to reserve an apartment at Lotte Eco Smart City today?
Given the project’s history of delay, including past reports that Lotte considered terminating it, buyers should independently verify current legal status and only work with confirmed, official sales channels. Apartment.vn recommends caution and full documentation review before any reservation payment.
How many units will Lotte Eco Smart City Thu Thiem have?
The plan includes approximately 1,400 residential units across six towers, ranging from 1 to 4 bedrooms, plus duplex and penthouse units.
Can foreigners buy an apartment at Lotte Eco Smart City?
Once sales officially launch, foreign buyers are expected to receive a renewable 50-year ownership term, subject to the standard foreign ownership quota, with long-term ownership for Vietnamese buyers.
Lotte Eco Smart City Thu Thiem could become one of Thu Thiem’s most significant developments if it proceeds as now planned, but its complicated history means anyone considering it deserves a clear-eyed, current briefing rather than recycled marketing claims from years ago.
Considering Lotte Eco Smart City Thu Thiem? Call Apartment.vn at 0968 339 379 for an up-to-date, honest briefing before you commit any deposit, or visit us at Saigon Pearl, 92 Nguyen Huu Canh Street, Ho Chi Minh City. If you need an apartment sooner, see our The Metropole Thu Thiem and Empire City reviews for already-completed Thu Thiem options.
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