Keppel Land×Khang Dien
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Keppel × Khang Dien · Joint Venture

Singapore-standard living,on the eastern water.

The first joint venture between Keppel Land and Khang Dien — a 616-apartment, three-block resort address on a 1.29-hectare slice of the larger 11.8-ha Gladia City master plan, threaded with five themed parks and a 2 km jogging route.

Keppel LandSingaporeKhang DienHOSE: KDHPropertyGuru VNBest High-End 2024

00 · The announcement

A Keppel × Khang Dien partnership — the first in Vietnam.

Keppel Land brings three decades of Singapore residential craftsmanship; Khang Dien brings three decades of Saigon eastern-corridor master planning. Gladia By The Waters is their joint declaration: a green-first, water-first address designed to a Singapore residential standard, delivered on a PropertyGuru-Vietnam-Awarded Khang Dien site.

First Keppel × Khang Dien joint venture in Vietnam.

01 · Overview

Three blocks. Fifteen storeys. Six hundred and sixteen apartments.

A 1.29-hectare site holding three 15-storey blocks above a single basement — 616 apartments and 23 shophouses, framed by the wider 11.8-hectare Gladia City master plan and its five themed parks. About 23% of the master plan is built; the rest is greenscape, water, and amenity.

1.29 ha
Site area · apartments
11.8 ha
Master plan
3
Blocks
15
Storeys per block
616
Total apartments
23
Shophouses
5 · 1.25 ha
Themed parks
2 km
Jogging track
Master-plan aerial · 11.8 ha Gladia City
11.8 ha master plan · 23.3% built · 77% green + water

Five iFactors at the heart of the master plan

Five iFactors at the heart of the master plan.

01

Nature

77% of the master plan is greenscape, retention pond, and water — only 23.3% is built footprint.

02

Entertainment

5 themed parks · 50 m skyline pool · sky lounge · 23-shop retail colonnade.

03

Convenience

Vo Chi Cong arterial: 5 min An Phu · 8 min Cat Lai port · 12 min Thu Thiem CBD.

04

Well-being

2 km themed jogging loop · spa + onsen · indoor + outdoor gym · 100% balcony.

05

Sustainability

Targeting Singapore BCA Green Mark — Keppel's sustainability discipline applied to Saigon.

02 · Location

The Vo Chi Cong corner of Thu Duc City's eastern axis.

Vo Chi Cong is Thu Duc City's arterial ring — a five-minute drive from An Phu and My Thuy interchanges, eight from the Cat Lai – Phu Huu port, twelve from the Thu Thiem financial district, and twenty-two from Long Thanh International Airport when it opens in 2026.

Five interchanges, one metro line, one international airport — all under 25 minutes.
12 minThu Thiem Financial Centre
5 minAn Phu Interchange
5 minMy Thuy Interchange
On siteVo Chi Cong · Ring Road 2
8 minCat Lai – Phu Huu Port Axis
7 minMetro Line 6 (planned)
6 minHCMC – Long Thanh Expressway
22 minLong Thanh Int'l Airport (2026)

03 · Master plan

Twenty-three per cent built, seventy-seven left for trees and water.

The Gladia City master plan was designed park-first. Five themed parks total 1.25 hectares, woven by a 2 km jogging loop. Of the 11.8-hectare site, only 23.3% is built footprint — the remainder is greenscape, retention pond, and shared amenity.

01

Welcome Park

Entry plaza + arrival fountain on the Vo Chi Cong frontage — the first impression of the master plan.

02

Riverside Park

The 2 km jog track culminates at the riverside lawn — yoga deck and water-edge boardwalk.

03

Health Park

Outdoor exercise rig, calisthenics deck, multi-purpose court — wellness programming.

04

Community Park

Picnic lawns, shaded pavilions and a BBQ terrace at the resident gathering podium.

05

Central Plaza

The civic heart — events lawn, retail colonnade, and the spine of the 5-park system.

04 · Architecture

Singapore residential discipline, climate-tuned for Saigon.

Three 15-storey blocks set on a shared four-floor podium. Each unit opens onto a private balcony — 100% of apartments enjoy direct natural ventilation, with cross-breeze routes designed for the southern monsoon. Singapore-standard construction, BCA-grade finishes, and sustainability detailing throughout.

100% balcony

Every apartment opens onto a private balcony with sliding-door access — no rear-facing back-rooms.

Cross-ventilated layouts

Smart unit geometry routes breeze through every room — Keppel's Singapore discipline applied to Saigon.

Climate-responsive facade

Solar-control glass, vertical shade fins, and recessed balconies cut envelope load by ~28%.

BCA Green Mark intent

Targeting Singapore's Building & Construction Authority Green Mark certification — a Vietnamese first for Keppel.

05 · Amenities

A resort in the air, a park on the ground.

The podium and the rooftop both work for residents — a 50 m skyline pool, a gym wing with onsen and spa, kids' play, and a co-working lounge above, with the themed-park system below.

01

50 m skyline pool

Family + adult lanes, shallow beach edge, kids' splash zone — rooftop podium.

02

Indoor + outdoor gym

Equipped weights room, callisthenic deck, stretching lawn — three programmable zones.

03

Spa · sauna · onsen

Japanese-style onsen pavilion, dry sauna, and a treatment-room suite — by appointment.

04

Resident co-working

Bookable desks, meeting pods, and a quiet phone booth — open 06:00 – 22:00.

05

Kids' indoor + outdoor

Open-air adventure deck plus indoor game room for rainy days.

06

2 km themed jogging loop

Continuous park-level circuit linking the five themed gardens.

07

Rooftop sky lounge

Sunset deck + observation lounge at the top of every block.

08

Ground retail colonnade

23 shophouses framing the entrance plaza — F&B, convenience, lifestyle.

06 · Interior

Hospitality-grade handover, no decision-fatigue list.

Each unit is handed over fully finished to a Keppel Land Singapore-residential specification — engineered timber, Bosch / Hafele appliances, and integrated storage in every layout. No upgrade lists; no decision fatigue.

Sample interior 1
Sample interior 2
Sample interior 3
Sample interior 4
Sample interior 5
Sample interior 6

Engineered timber flooring

Continuous tone across living, dining, and bedrooms — durable, family-friendly underfoot.

Bosch / Hafele kitchen

Built-in cooktop, hood, oven, dishwasher — appliance package selected for South-east Asian cooking.

Integrated storage

Floor-to-ceiling wardrobes in every bedroom; entry-foyer storage in every layout.

Hospitality-grade bath

Walk-in shower, mirror demister, full-height tile — same spec as a 4-star city hotel.

06B · Site reality

Real photos from the construction site.

Renders sell a vision — construction proves it. These are unretouched, on-site photos from the most recent site walk-through. Podium-level deck is pouring across all three blocks; basement waterproofing is complete; mock-up units on the showflat floor are ready for private viewing.

Last walk-throughMay 2026
Construction site walk-through · frame 1 of 9
On site · 01 / 09
Construction site walk-through · frame 2 of 9
On site · 02 / 09
Construction site walk-through · frame 3 of 9
On site · 03 / 09
Construction site walk-through · frame 4 of 9
On site · 04 / 09
Construction site walk-through · frame 5 of 9
On site · 05 / 09
Construction site walk-through · frame 6 of 9
On site · 06 / 09
Construction site walk-through · frame 7 of 9
On site · 07 / 09
Construction site walk-through · frame 8 of 9
On site · 08 / 09
Construction site walk-through · frame 9 of 9
On site · 09 / 09

08 · Developer

Two operators, one operating standard.

Keppel Land has delivered residential, hospitality and integrated developments across Singapore, Vietnam, Indonesia, and China since 1990. Khang Dien (HOSE: KDH) is Saigon's most consistent eastern-corridor developer, with three decades of pink-book handovers in former District 9 and District 2.

Keppel Land · Singapore

Three decades of Singapore-residential discipline; 20+ licensed Vietnam projects since 1991, US$3 B+ registered investment. Sustainability-first, BCA Green Mark portfolio.

Khang Dien Group · HOSE: KDH

Vietnam National Brand 2022. Master-planned 30+ projects across Thu Duc and the eastern corridor — every one delivered with pink-book title at handover.

  • TickerHOSE: KDH
  • AwardsVietnam National Brand 2022
  • Pipeline30+ projects · 30 years · eastern corridor

Keppel's Vietnam landmark portfolio

Empire City + Riviera Point have a 99%+ absorption rate; Saigon Centre + Estella Place have run at 100% annual occupancy.

01

Saigon Centre

Grade A office + Takashimaya · District 1

Saigon Centre
02

Empire City

14.6 ha Thu Thiem · 86-storey landmark · ~3,000 homes

Empire City
03

Riviera Point

D7's tallest condo · 500 m river frontage · 2,400 units

Riviera Point
04

Palm City

Integrated waterfront · District 2

Palm City
05

Saigon Sports City

64 ha smart township · District 2

Saigon Sports City

09 · Apartments

Five layouts — 1 BR through 3 BR.

A balanced mix designed for owner-occupiers and long-stay tenants: compact one-bedroom + study layouts, family-friendly 2 BR + study mid-floor, and a small reserve of 3 BR corner units on the upper bands.

TypeCountSize (m²)
1 BR125 units45 – 52
1 BR + study102 units53 – 60
2 BR188 units64 – 76
2 BR + study139 units78 – 88
3 BR62 units95 – 115

10 · Pricing & policy

Twenty per cent at signing, balance over the build.

A buyer-friendly schedule from the developer — interest-free deferral on the balance until handover, with foreign-quota allocation open at first release.

Booking · contract signing
20%
Interest support
0% until handover
Foreign-quota allocation
Open at first release
Loyalty discount (early reservation)
1%
Property management
24 months free
Estimated handover
Q4 2027

Per-unit pricing confirmed at reservation. Foreign-quota inventory is per-block and subject to release schedule. Speak to a senior advisor for the current allocation.

PropertyGuru Vietnam Property Awards 2024 — Best High-End Housing Development + Best Nature-Integrated Development · Winners: Gladia By The Waters · Keppel Vietnam & Khang Dien · Presented by Kohler

11 · Awards

Double-recognised at the PropertyGuru Vietnam Property Awards 2024.

The Gladia City master plan was double-recognised at PropertyGuru's 2024 Vietnam ceremony — for both end-product quality and for the way the design integrates with the natural greenscape.

  • 2024
    Best High-end Housing DevelopmentPropertyGuru Vietnam Property Awards
  • 2024
    Best Nature-Integrated DevelopmentPropertyGuru Vietnam Property Awards
  • 2022
    Khang Dien Group (KDH) — recognised brandVietnam National Brand

12 · FAQ

Short answers to the common questions.

Who are the developers?

Gladia By The Waters is a joint venture between Keppel Land (Singapore) and Khang Dien Group (HOSE: KDH) — their first JV in Vietnam.

What is the exact address?

Vo Chi Cong Boulevard, Binh Trung Ward, Thu Duc City (formerly District 2), Ho Chi Minh City.

How many blocks and apartments?

Three 15-storey blocks above one basement on a 1.29-hectare site — 616 apartments and 23 ground-floor shophouses, set within the wider 11.8-hectare Gladia City master plan.

What's the unit mix?

1 BR (45–52 m²), 1 BR + study (53–60 m²), 2 BR (64–76 m²), 2 BR + study (78–88 m²), 3 BR (95–115 m²). 2 BR is the dominant layout.

What are the payment terms?

20% on contract signing, then 0% interest support on the balance until handover. Foreign-quota allocation is open at first release.

When is handover?

Estimated Q4 2027. Construction commenced January 2026. Month-by-month progress is published on the developer microsite.

Is foreign ownership available?

Yes. Foreign buyers purchase through an official Sale & Purchase Agreement (SPA) signed directly with the developer and hold a renewable 50-year leasehold under the Housing Law 2023, within each block’s foreign-ownership quota (released at first launch). The home can be freely resold or leased — and when it is resold to a Vietnamese national, the title converts to permanent (freehold) ownership. Speak to a senior advisor for the current per-block allocation.

How close is Long Thanh airport?

Approximately 22 minutes via the HCMC – Long Thanh Expressway. The new airport opens in 2026.

13 · Project updates

The latest from the site.

  • Foundation pour · podium-level deck

    Podium-level deck poured across all three blocks; basement waterproofing complete.

  • Showflat soft-opens at Vo Chi Cong

    The 1 BR + study and 2 BR + study showflats are open by appointment.

  • Foreign-quota allocation opens

    Per-block foreign-quota slice is now reservable at first release.

  • Groundbreaking · Keppel × Khang Dien

    The Keppel × Khang Dien JV begins construction on the high-rise apartments.

Keppel Land×Khang Dien

First release · Keppel × Khang Dien

Step inside the water-edge resort.

Schedule a private viewing or request the price list. Our team can walk you through the master plan, available stacks, and the foreign-quota tranche.

HCMC sales galleryShowflat, Vo Chi Cong, Binh Trung Ward, Thu Duc City8:00 – 19:00 daily (incl. weekends)
Hanoi sales office677 Lac Long Quan St., Tay Ho District8:00 – 19:00 daily
Singapore liaison · Keppel Land1 HarbourFront Avenue, Keppel Bay TowerBy appointment

Preferred channelrequired

Preferred language

Investor FAQ

Frequently asked questions

What is Gladia By The Waters?
Keppel Land × Khang Dien — the first JV in Vietnam between Singapore's Keppel Land and HCMC's Khang Dien (HOSE: KDH). 616 apartments + 23 shophouses on a 1.29-ha site within the larger 11.8-ha Gladia City master plan, five themed parks and a 2 km jogging route. PropertyGuru Vietnam Property Awards 2024 — Best High-end + Best Nature-Integrated. It is offered to both owner-occupiers and investors, and is published here only after being verified for foreign-ownership eligibility under Vietnam's Housing Law 2023.
Where is Gladia By The Waters located?
Gladia By The Waters is located in Vo Chi Cong · Binh Trung · Thu Duc City, Ho Chi Minh. Our advisory team can share the exact address, masterplan position, and the surrounding transport and amenity context on request.
Can foreigners buy apartments at Gladia By The Waters?
Yes — foreigners can buy eligible condominium units when the project is cleared for foreign ownership and its 30%-per-building quota is not full. The full pathway: (1) you purchase via an official Sale & Purchase Agreement (SPA) signed directly with the developer; (2) you hold a 50-year leasehold, renewable under the Housing Law 2023; (3) you can freely resell or lease the home during that term, with proceeds repatriable; (4) when the home is resold to a Vietnamese national, the title converts to permanent (freehold) ownership. We confirm the remaining foreign quota for Gladia By The Waters before any reservation.
Can a foreigner resell an apartment at Gladia By The Waters?
Yes. During your 50-year term you can freely resell or lease Gladia By The Waters. If you sell to another eligible foreigner, the 50-year leasehold continues within the building's foreign quota; if you sell to a Vietnamese national, the title converts to permanent (freehold) ownership for that buyer. Sale proceeds are repatriable when the original purchase funds came in through the regulated Vietnamese banking channel.
What is the price of Gladia By The Waters in 2026?
Pricing varies by tower, unit size, view, floor, payment schedule, and launch phase. Rather than quote a stale figure, we provide the latest developer price list together with all taxes, fees, and current foreign-buyer availability so you can compare like-for-like before booking.
Who is the developer of Gladia By The Waters?
Gladia By The Waters is developed by Keppel Land × Khang Dien. Before purchasing, foreign investors should review the developer's track record, the project's legal status, the construction timeline, the sale & purchase agreement, and the handover standard — all of which our team verifies for you.
Is Gladia By The Waters a good investment for rental income?
Gladia By The Waters may appeal to tenants seeking quality housing in Vo Chi Cong · Binh Trung · Thu Duc City, but rental performance depends on your purchase price, unit layout, handover quality, competing supply, tenant demand, and management fees. We can model an indicative net yield for a specific unit using current market rents.
What amenities does Gladia By The Waters offer?
Gladia By The Waters is marketed around modern living with landscaped areas and lifestyle facilities. Specific amenities can differ by tower and handover phase, so we confirm the exact facility list against the official developer brochure before you commit.
What documents should foreign buyers check before buying Gladia By The Waters?
Check the project's legal eligibility for foreign ownership, remaining foreign quota, the sale & purchase agreement, the payment schedule, pink-book (ownership certificate) terms, developer approvals, the bank guarantee for off-plan sales, and all taxes and fees. Independent legal review is strongly recommended — our in-house legal counsel handles this end-to-end.
How does Gladia By The Waters compare with other projects in Ho Chi Minh?
Compare on price per square metre, location and view, unit efficiency, developer brand, handover specification, expected rental demand, and remaining foreign quota. We can prepare a side-by-side comparison against other verified projects so you know whether the premium is justified.
What we handle

Our services for foreign buyers

Multilingual advisory

A native-speaking advisor in English, Mandarin or Korean guides you from first enquiry to handover.

Foreign-ownership verification

We confirm the project is cleared for foreign ownership and check the remaining 30% quota before you reserve.

Legal & contract review

In-house legal counsel reviews the SPA, payment schedule and pink-book pathway, with translated and notarised documents.

Secure payment & escrow

Funds are routed through regulated Vietnamese banking channels so your inbound transfer is documented for future repatriation.

Master-distributor access

Direct allocation from developers means launch pricing and first-pick units — no broker layers between you and the source.

Post-purchase concierge

Property management, rental sourcing, tax filing and resale — all handled in-house after you receive the keys.

Why us

Why work with vietnampropertymarket.com — Indochine

Vietnampropertymarket.com is operated by Indochine Real Estate — a firm built around foreign buyers, not retrofitted for them.

1

12 years, 4,200+ international clients

A track record across all 63 provinces, with the buying journey delivered in your language end to end.

2

Only legally-verified projects

We publish only projects cleared for foreign ownership with a pre-checked pink-book pathway — no surprises at the notary.

3

Native-language team

Every advisor speaks at least two of English, 中文, 한국어 and Vietnamese, so nothing is lost in translation.

4

Independent, buyer-side

Our duty is to you: independent due diligence, honest comparisons, and a clear view of risks before you commit.