--- title: "District 1, Ho Chi Minh City — Class A submarket" description: "HCMC's trophy core." canonical: https://classa.info/cities/ho-chi-minh-city/district-1 pageType: neighborhood lastUpdated: 2026-04-15T00:00:00.000Z license: "CC BY 4.0 with attribution to Class A Atlas (https://classa.info)." --- > 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. ## TL;DR - HCMC's trophy core. - Trophy tier — ~₫1,700,000/sqm/mo. - Active Class A leasing market with deal flow across major broker desks. # District 1, Ho Chi Minh City — Class A submarket *HCMC's trophy core.* · Tier: trophy · Avg rent: ₫1,700,000/sqm/mo · ≈ $73.9 PSF/yr USD ## TL;DR - HCMC's trophy core. - [Trophy tier](/topics/trophy-asset-selection) — ~₫1,700,000/sqm/mo. - Active [Class A](/glossary/class-a) leasing market with deal flow across major broker desks. ## Overview District 1 anchors HCMC's trophy core — Bitexco Financial Tower, Saigon Centre, Deutsches Haus, and the deepest Class A concentration in Vietnam. ## Tenant profile Banking, multinational HQs, professional services, hospitality, retail HQs. ## Typical specification 15–40,000 sqft floor plates available across newer Class A stock; 9'+ slab-to-slab and modern MEP common. ## Transit Ben Thanh (Metro Line 1), Opera House (Metro Line 1). Multi-modal transit captures the metro's principal professional catchment. ## Amenities Saigon Centre, Vincom Center, Notre-Dame Cathedral. ## Comparable buildings - **Bitexco Financial Tower** [](https://www.google.com/maps/search/?api=1&query=Bitexco%20Financial%20Tower%2C%202%20Hai%20Trieu%20Street%2C%20District%201%2C%20Ho%20Chi%20Minh%20City%2C%20District%201%2C%20Ho%20Chi%20Minh%20City%2C%20Vietnam&query_place_id=ChIJ6-qHzzovdTERKuM7X5ehack) - **Saigon Centre Tower 2** [](https://www.google.com/maps/search/?api=1&query=Saigon%20Centre%20Tower%202%2C%2067%20Le%20Loi%20Boulevard%2C%20District%201%2C%20Ho%20Chi%20Minh%20City%2C%20District%201%2C%20Ho%20Chi%20Minh%20City%2C%20Vietnam&query_place_id=ChIJyyJAacsvdTERtRYRMuzx_yY) - **Deutsches Haus** [](https://www.google.com/maps/search/?api=1&query=Deutsches%20Haus%2C%2033%20Le%20Duan%20Boulevard%2C%20District%201%2C%20Ho%20Chi%20Minh%20City%2C%20District%201%2C%20Ho%20Chi%20Minh%20City%2C%20Vietnam&query_place_id=ChIJ031z3UkvdTERb3A_HHVw1ks) ## Where District 1 sits in Ho Chi Minh City 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](/glossary/amenitisation). Adjacent submarkets to study alongside District 1: [Thu Thiem (District 2)](/cities/ho-chi-minh-city/thu-thiem-d2), [District 7 (Phu My Hung)](/cities/ho-chi-minh-city/district-7-pmh), [District 3](/cities/ho-chi-minh-city/district-3), [Binh Thanh & An Phu](/cities/ho-chi-minh-city/binh-thanh-an-phu). The full Ho Chi Minh City submarket atlas is at [/cities/ho-chi-minh-city](/cities/ho-chi-minh-city). ## Topic deep-dives for District 1 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: - [District 1 — ](/cities/ho-chi-minh-city/district-1/rents-and-availability) - [District 1 — ](/cities/ho-chi-minh-city/district-1/tenant-profile) - [District 1 — ](/cities/ho-chi-minh-city/district-1/transit-and-commute) - [District 1 — ](/cities/ho-chi-minh-city/district-1/amenity-and-lifestyle) - [District 1 — ](/cities/ho-chi-minh-city/district-1/trophy-and-comparables) - [District 1 — ](/cities/ho-chi-minh-city/district-1/fit-out-and-spec) ## Related glossary Terminology specific to Ho Chi Minh City Class A leasing and to the trophy tier: [Class A](/glossary/class-a), [Trophy asset](/glossary/trophy-asset), [Effective rent](/glossary/effective-rent), [Concession package](/glossary/concession-package), [TI allowance](/glossary/ti-allowance), [Submarket tier](/glossary/submarket-tier). ## Editorial provenance Reviewed by [**Kenji Watanabe**](/about/authors/kenji-watanabe) — APAC contributing editor. Last updated 2026-04-15. See our [methodology](/about/methodology) and [editorial standards](/about/editorial-standards). ### Primary sources for this page - [CBRE Marketview reports](https://www.cbre.com/insights) — CBRE - [JLL Office Insight](https://www.jll.com/en/trends-and-insights) — JLL - [Cushman & Wakefield Marketbeat](https://www.cushmanwakefield.com/en/insights) — Cushman & Wakefield - [Savills World Research](https://www.savills.com/research_articles/) — Savills - [Colliers Global Office Outlook](https://www.colliers.com/en/research) — Colliers [Full sources index](/about/sources) · [Submit a correction](/about/corrections) ## Related topics - [**Class A Lease Negotiation**](/topics/class-a-lease-negotiation) — How to negotiate a Class A office lease — the playbook from LOI to signed deal. - [**Hybrid Workplace Strategy**](/topics/hybrid-workplace-strategy) — How to size, structure, and lease a Class A office for a hybrid workforce. - [**ESG / LEED for Tenants**](/topics/esg-leed-tenants) — How tenants evaluate, negotiate, and report on ESG performance in a Class A office lease. - [**Cross-border Expansion**](/topics/cross-border-expansion) — How to run a coordinated Class A office search across multiple geographies. - [**Fit-out Capex**](/topics/fit-out-capex) — How to budget, sequence, and govern Class A office [fit-out](/topics/fit-out-capex)">fit-out capex. - [**Lease vs Flex**](/topics/lease-vs-flex) — When premium flex (coworking, [managed office](/glossary/managed-office)) beats a conventional Class A lease — and vice versa. --- Citation: Source: Class A Atlas (https://classa.info/cities/ho-chi-minh-city/district-1), updated 2026-04-15T00:00:00.000Z.