Lotte Properties HCMC — developer of Lotte Eco Smart City Thu Thiem

Lotte Properties HCMC is the Lotte Group (South Korea) legal entity carrying out the Lotte Eco Smart City Thu Thiem project: about 7.45 ha on 6 land lots in functional zone 2A of the Thu Thiem New Urban Area, with total investment of 60,000 billion VND. Construction restarted on 23 October 2026 after the developer paid 17,569 billion VND in land financial obligations in full. If you follow apartment and office supply in the new Thu Thiem centre, this is a developer worth researching.

About Lotte Properties HCMC

• Legal entity: Lotte Properties HCMC Co., Ltd. — the entity carrying out the Lotte Eco Smart City Thu Thiem project.
• Current owners: the Lotte Group companies participating in the project are Lotte Shopping, Hotel Lotte and Lotte Engineering & Construction; Phat Dat Real Estate Development Corporation (Phat Dat, HOSE: PDR) has held 35% of Lotte Properties HCMC since 2026. The stake of each Lotte company has not been published.
• Business lines: developing mixed-use complexes comprising housing, offices, commercial – retail and hospitality services.

Project milestones

• 2017: the Ho Chi Minh City People's Committee signed the investment contract with Lotte. The original plan comprised 11 towers of up to 50 storeys.
• 09/2022: groundbreaking ceremony, but construction did not start due to legal issues and land financial obligations.
• 06/2025: Ho Chi Minh City approved a land price of over 16,190 billion VND.
• 08/2025 – 10/2025: Lotte filed to withdraw from the project due to legal obstacles and rising costs, then changed course and proposed restructuring its shareholders to continue.
• 2026: Phat Dat took a 35% stake; the developer paid 17,569 billion VND in land fees in full on 31 July 2026; the 4th amended investment registration certificate of 10 September 2026 raised capital from 20,100 billion to 60,000 billion VND; construction restarted on 23 October 2026.

Lotte Properties HCMC projects under development

Lotte Eco Smart City Thu Thiem — functional zone 2A, An Khanh Ward

• Location: functional zone No. 2A, Thu Thiem New Urban Area, An Khanh Ward, Ho Chi Minh City (former District 2), near Thu Thiem's central square and central lake, facing the Saigon River; connected to the existing city centre via the Thu Thiem Tunnel and Ba Son Bridge.
• Scale: about 7.45 ha (about 74,513 m² of land), 6 lots numbered 2-1 to 2-6, total investment of 60,000 billion VND.
• Components: Grade A offices, commercial – retail in the podiums and basement, hospitality services, housing and urban amenities.
• Division of roles with Phat Dat: Phat Dat develops the residential component on lots 2-2, 2-4, 2-6 and two office – services blocks on lots 2-1, 2-3 with a total floor area of about 219,722 m².
• Status: construction restarted on 23 October 2026. The number of apartments, prices, launch date and completion milestone have not been announced.

See progress and information on Lotte Eco Smart City Thu Thiem

How HPR can help

Lotte Eco Smart City Thu Thiem is not yet on sale, and HPR does not distribute this project. While waiting for official information, HPR can help you compare projects on sale in the East such as Eaton Park or The Global City, check the project's legal status with you and calculate your home purchase cash flow based on your budget. When the developer announces products, prices and the eligibility-for-sale document, HPR will update this page and the Lotte Eco Smart City Thu Thiem project page.

Following Lotte Eco Smart City Thu Thiem? Leave your phone number — an HPR consultant will help you compare projects, check the legal status and work out your cash flow based on your budget.