District 1 is a trophy-tier Class A submarket of Ho Chi Minh City with average asking rent around ₫1,700,000/sqm/mo · ≈ $73.9 PSF/yr USD.
HCMC's trophy core. · Tier: trophy · Avg rent: ₫1,700,000/sqm/mo · ≈ $73.9 PSF/yr USD
District 1 anchors HCMC's trophy core — Bitexco Financial Tower, Saigon Centre, Deutsches Haus, and the deepest Class A concentration in Vietnam.
Banking, multinational HQs, professional services, hospitality, retail HQs.
15–40,000 sqft floor plates available across newer Class A stock; 9'+ slab-to-slab and modern MEP common.
Ben Thanh (Metro Line 1), Opera House (Metro Line 1).
Multi-modal transit captures the metro's principal professional catchment.
Saigon Centre, Vincom Center, Notre-Dame Cathedral.
District 1 is one of 5 Class A submarkets we cover in Ho Chi Minh City, classified as trophy tier with an average asking rent around ₫1,700,000/sqm/mo · ≈ $73.9 PSF/yr USD. Compared with the broader Ho Chi Minh City Class A stock, District 1 typically attracts Banking, multinational HQs, professional services, hospitality, retail HQs and competes most directly with the city's other trophy submarkets on building specification, transit access, and amenitisation.
Adjacent submarkets to study alongside District 1: Thu Thiem (District 2), District 7 (Phu My Hung), District 3, Binh Thanh & An Phu. The full Ho Chi Minh City submarket atlas is at /cities/ho-chi-minh-city.
For an institutional Class A occupier evaluating District 1, the highest-leverage analyses to commission next are the rent benchmark, the concession-package comparable, and the ESG performance baseline. Class A Atlas covers each as a dedicated topic page for this submarket:
Terminology specific to Ho Chi Minh City Class A leasing and to the trophy tier: Class A, Trophy asset, Effective rent, Concession package, TI allowance, Submarket tier.
Reviewed by Kenji Watanabe — APAC contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.