Khang Dien House (KDH) — developer of Gladia by the Waters, The Privia

Khang Dien House (HOSE ticker: KDH) is a housing developer formed in 2001, focusing on the east and west of Ho Chi Minh City. By its 20th anniversary, the company had developed more than 50 projects with more than 20,000 products. If you are looking for a townhouse, villa or apartment in the Binh Trung – Vo Chi Cong area, this is a developer worth researching.

About Khang Dien House

• Legal entity: Khang Dien House Trading and Investment JSC, listed on HOSE under the ticker KDH. Its predecessor, Khang Dien House Trading and Investment Co., Ltd., was founded in 2001 and converted into a joint stock company in 2007.
• Shareholders: VinaCapital and Prudential funds joined at the equitisation stage; Dragon Capital and PYN Elite have been major shareholders at various times.
• Head office: 11th–12th floors, Saigon Centre 2, 67 Le Loi, Saigon Ward, Ho Chi Minh City.
• Completed projects: The Venica, Lovera Vista, Verosa Park, The Classia, The Privia (west Ho Chi Minh City) and many townhouse and villa areas in the east.
• Partner: Keppel (Singapore), co-developing Gladia by the Waters.
• 2026 business results: in the first 9 months, profit after tax was about 1,268 billion VND, 84.5% of the full-year plan. Most of the profit came from a capital transfer in a project company; in Q3 alone, net revenue fell to about 41 billion VND as real estate transfer revenue dropped sharply.

Khang Dien House projects under development

Gladia by the Waters — Vo Chi Cong, Binh Trung Ward, Ho Chi Minh City

An 11.8 ha residential area within Khang Dien's complex of about 30 ha, bordered by waterways on three sides, with a building density of 23.3%, near the Thu Thiem urban area. The low-rise sub-zone of 226 villas and townhouses has been completed; pink books have been handed over to residents since 25 January 2026.

The high-rise sub-zone Gladia Heights comprises 616 apartments and 23 commercial units; it broke ground in January 2026, with handover expected in Q4/2027. The project was introduced to the market in June 2026; at the sales event on 1 August 2026, the developer offered about 500 units in 2 towers. The project is on the list of projects that may be sold to foreigners. The developer has not published prices.

Binh Trung residential area — Binh Trung and Cat Lai wards, Ho Chi Minh City

An 18.24 ha project by a company in the Khang Dien ecosystem, adjacent to Gladia by the Waters. The 1/500 detailed plan was approved in September 2026; in October 2026, Ho Chi Minh City allowed the conversion of over 15.6 ha of agricultural land and allocated nearly 2.6 ha of public land. The planned scale is about 200 low-rise homes and 3,000 apartments. The project is not yet on sale.

Ma Lang – Cho Ga Gao BT project — Cau Ong Lanh and Ben Thanh wards

An urban renewal project under a BT contract, which broke ground on 29 August 2026 and is expected to be completed in 2029. It covers about 4.2 ha: about 1,400 social housing units and 93 low-rise homes in the Ma Lang area, and about 760 units in the Cho Ga Gao area; preliminary total investment of about 16,370 billion VND. A Khang Dien subsidiary has a VietinBank credit line of about 13,500 billion VND for the project, guaranteed by Khang Dien.

How HPR can help

HPR provides independent advice to buyers interested in Khang Dien projects: comparing Gladia Heights with other apartment projects in Ho Chi Minh City, such as The Global City or Eaton Park in the east, helping you check the project's legal status before paying a deposit and calculating your home purchase cash flow against the payment schedule. If you own a Khang Dien apartment or townhouse you want to resell or rent out, HPR accepts real estate consignments.

The price list, payment policy and the entity signing the sale and purchase agreement for Gladia Heights should be confirmed directly with the developer before deciding.

Considering a Khang Dien apartment or townhouse? 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.