Updated: 01/10/2026
Masteri Park Place Legal & Progress
A compilation of the legal name, form of ownership, conditions for foreigners and progress milestones per the developer’s documents. Items not yet announced are stated clearly so you can ask again before placing any money.
Legal information
| Item | Details |
|---|---|
| Legal name | Apartment housing combined with commercial services CT5A and CT5B in the Sài Gòn Bình An Urban Area Project |
| Administrative location | Bình Trưng Ward (An Phú Ward, formerly Thủ Đức City), Ho Chi Minh City |
| Developer | Masterise Homes (Masterise Group) |
| Form of ownership | Vietnamese customers: long-term · Foreigners: 50 years (per the brochure) |
| Policy scope | The 03/09–31/10/2026 policy applies to transactions with a successful registration; sign the SPA within 7 days of signing the registration confirmation |
| Ownership certificate (pink book) | The final payment instalment is due when notice of certificate issuance is given; the issuance date is not yet announced |
Per the developer’s brochure, training document and sales policy. The document confirming eligibility to sell housing to be formed in the future is not in the sales document set; Happy Land cross-checks it before you sign.
Foreigners buying Masteri Park Place
- 50-year ownership term per the developer’s brochure.
- The number of units still available for sale to foreigners is not yet announced — it must be confirmed unit by unit.
- The 70% loan package, the “financial solution” and the 9% interest on the security deposit do not apply.
- Early payment discount: 11.5% for resident foreigners, 8.5% for other foreigners (policy 03/09–31/10/2026).
Progress milestones
| Milestone | Details |
|---|---|
| 01/10/2025 – 31/07/2026 | Previous sales policy (expired) |
| 03/09/2026 – 31/10/2026 | Current sales policy (or until another policy replaces it) |
| Q1/2028 | Expected handover per the brochure (the 09/2026 price-calculation sheet states an expected handover notice date of 31/03/2028) |
| 31/10/2028 | Cap date for 0% interest and free early repayment of the 70% loan package |
The construction start date and the pink-book issuance date are not yet announced in the documents.
Operations management
According to the training document, The Global City is operated and managed by Masterise Property Management. The specific management unit of Masteri Park Place is not stated clearly in the documents. The developer supports 24 months of management fees from the date of the handover notice.
Get the legal summary
Happy Land sends the legal summary, the contract template (when available) and the purchase conditions for foreigners — via WhatsApp or Zalo.
Frequently asked questions
When will the pink book be issued?
The sales policy sets the final payment instalment for when notice of certificate issuance is given. The issuance date is not yet announced in the documents.
How long can foreigners own?
50 years per the developer’s brochure; Vietnamese customers hold long-term ownership.
When is handover?
Expected Q1/2028 according to the brochure.
Is the project eligible for sale yet?
The sales document set does not include the document confirming eligibility to sell housing to be formed in the future; the current policy applies to transactions with a successful registration and SPA signing on schedule. Happy Land cross-checks the documents before you sign.