Malaysia’s leading property developer, Gamuda Land, has officially launched Elysian, its newest project in East Ho Chi Minh City. The launch reinforces the company’s expansion in southern Vietnam following the successful debut of Springville in Dong Nai’s Nhon Trach earlier this year.

Located in Lo Lu Street, Long Phuoc Ward, Ho Chi Minh City (formerly part of Truong Thanh Ward, Thu Duc City), Elysian introduces a rare combination of transparent legal status, ESG-driven design, and strong investment potential, setting it apart in a competitive market.

The launch event on the morning of July 27 attracted a large and diverse audience, including individual homebuyers, investors, and representatives from top-tier real estate distribution agencies. The project’s compelling offer and strategic positioning have made it a focal point for both buyers and industry observers.

Positioned within the Saigon Hi-Tech Park (SHTP), Elysian benefits from proximity to major employers such as Intel, Samsung, Nidec, and Nipro. As the SHTP continues to attract high-skilled professionals from across Vietnam and abroad, the demand for high-quality, professionally developed housing is on the rise, creating ideal conditions for a project like Elysian to thrive.

The 2.8-hectare development features four 21-storey towers with a total of 1,398 apartments and eight shophouses. Housing options range from flexible studios and one- to three-bedroom units to high-end sky villas, as well as Elysian’s distinctive lanai and potted plant residences.

Designed with an emphasis on sustainability and livability, more than 51 per cent of the total area is devoted to landscaping and amenities. Highlights include a 6,800-square-meter botanical garden, 1,190 square meters of water features, six swimming pools, and an immersive rain waterfall, creating a lush, resort-style living experience in the middle of the city. In total, over 40 amenities have been integrated to support a modern, community-oriented lifestyle.

Importantly, Elysian stands out as one of the few developments in Thu Duc with full legal transparency and a government-approved sales permit. Construction is progressing rapidly, with Tower A currently reaching the 10th floor, Tower C the 13th floor, and Towers B and D at the 3rd floor. The project is scheduled for handover in 2027.

Elysian’s pricing is equally strategic. With an average of VND68 million per square meter, the project offers units starting from VND2.2 billion for a studio or one-bedroom apartment, while two-bedroom options (starting from 68 square meters) are priced from around VND4.1 billion. According to CBRE’s Q2 2025 market report, average apartment prices in East Ho Chi Minh City have reached VND82 million per square meter, making Elysian’s offering notably competitive.

The developer has introduced a set of flexible payment plans to meet a wide range of buyer needs. These include options for early signings with only a 5 per cent deposit, extended payment timelines until 2027, discounts of up to 5 per cent, and free management fees for up to five years. One standout plan allows buyers to finance 80 per cent of the property value through a partner bank, with 7 per cent annual interest supported for up to 24 months from the first disbursement. This financing structure helps lower the barrier to homeownership while giving investors greater flexibility in capital management.

With legal assurance, a high-potential location at the center of the city’s innovation corridor, and significant surrounding infrastructure expected to be completed by 2027, Elysian is well positioned for value appreciation. Industry experts regard it as one of the few projects in East Ho Chi Minh City offering both near-term livability and long-term investment growth.

For Gamuda Land, the launch of Elysian marks another significant step in its southern Vietnam strategy, combining international expertise, ESG focus, and local market insight to deliver high-quality, future-ready urban developments.