Palm River

What a foreign buyer should check here

• This is an off-plan purchase. Handover is expected in Q1 2029, so you will be paying instalments over roughly two and a half years before you hold anything.
• I have not yet seen the Department of Construction letter confirming the project is eligible to sell future housing. Ask to see it before signing a sale and purchase agreement — this is the single document that matters most at this stage.
• The bank guarantee covering the developer's obligations to buyers also needs to be confirmed. Ask which bank issued it and request the certificate naming your unit.
• The project was previously called Palm Garden and changed developer. Ask for the legal history of the land before you commit.
• The first 5% is paid into an escrow savings account in your own name at OCB until the sale contract is signed. Check that the account name is genuinely yours before transferring.
• Foreign quota: ask for the remaining allocation for the specific tower, in writing and dated. The 30% cap is counted per block, not per project.

Unit types and prices

The developer does not publish prices; price sheets are issued unit by unit. I will send you the full calculation for a specific unit — price, VAT, the 2% maintenance fund and the payment schedule. Areas follow the official project page, updated 21 October 2026, and are measured on a wall-centre basis rather than the net usable basis used in market reports.

What you should weigh up

• I have not been shown the written confirmation that the project is eligible to sell future housing. Ask to see it before signing a sale contract
• The project was previously named Palm Garden and changed developer. Ask about the legal history of the land before paying
• Handover is still distant (expected Q1 2029). Model your cash flow against the payment schedule carefully, particularly if you are borrowing
• Discount policies change with each sales release. Do not decide because an incentive is about to expire
• Prices are not published, so you cannot easily benchmark. Ask for the detailed calculation and compare it against other projects in the same area

Project timeline

• 16 June 2026 — Palm River construction started
• 8 August 2026 — Palm City riverside park construction started
• 12 August 2026 — Project kick-off event
• 22 August 2026 — 2-bedroom and 3-bedroom show units opened on site
• Late September 2026 — Sales launch began
• 17 October 2026 — Official launch event at The Reverie Saigon
• Q1 2029 — Expected handover

Facilities

• More than 68 facilities across the ground floor, level 2 and level 20
• A 70 m pool, an infinity pool, a Sky Onsen of about 210 m² and a Sky Gym
• Four sky bridges linking the towers at level 20 — moving between towers without going down to ground level
• The riverside park and shared landscaping of Palm City

Frequently asked questions