Mitsubishi Corporation — developer of Monrei Saigon and The Habitat

Mitsubishi Corporation is a Japanese general trading company operating in more than 90 countries. In Vietnam, the group takes part in the housing sector mainly through joint ventures with domestic and international companies. This matters to you because both projects HPR is advising on — Monrei Saigon and The Habitat Binh Duong — have Mitsubishi in the development group, but its role and the contracting entity differ between the two projects.

About Mitsubishi Corporation

• Legal entity: Mitsubishi Corporation, headquartered in Tokyo, Japan.
• Business lines: general trading and multi-sector investment; in real estate, it focuses on urban and residential development.
• Housing in Vietnam: on 5 June 2015, Mitsubishi Corporation announced its first entry into housing development in Vietnam, partnering with Sembcorp Development (Singapore) to build 11 apartment towers at the main gateway of VSIP Binh Duong — the project that later became The Habitat Binh Duong.
• Cooperation with Vinhomes: on 21 December 2021, Vinhomes and Mitsubishi Corporation signed a memorandum of understanding on comprehensive cooperation in urban development, smart cities and energy transition; Mitsubishi invested in The Origami and The Miyako within Vinhomes Grand Park.

Note: Mitsubishi Corporation is a different company from Mitsubishi Estate. When reading the news, check the exact name of the company.

Mitsubishi Corporation projects under development

Monrei Saigon — lead developer

• Role: Mitsubishi Corporation is the lead developer, in a consortium with Tokyu Land Corporation; Phát Đạt is the project manager. The joint venture shares are Mitsubishi 56%, Tokyu Land 24% and Phát Đạt about 20%.
• Developer entity (signs contracts with buyers): Thien Long Building Investment and Development Real Estate JSC (Công ty CP Bất động sản Đầu tư và Phát triển Cao ốc Thiên Long). On 30 January 2026, the shares of this entity were transferred to Thuan An 1 High-rise Real Estate Investment Co., Ltd. — in which Diamond Realty Investment La Pura holds 80% and Phát Đạt holds 19.99%.
• Location: frontage on Nguyen Thi Minh Khai Street, Thuan Giao Ward, Ho Chi Minh City (former Thuan An, Binh Duong).
• Scale: about 1.82 ha, 3 towers of 36–39 floors, 2,684 apartments; 1,106 units in the Onsen tower (A1) are eligible for sale under notice 3730/SXD-QLN (27 June 2025).
• Progress: as of July 2026, the A1 tower structure had reached the 11th floor, and the A2 and A3 cluster had completed its basement slab. Handover is expected in Q1/2028.

See Monrei Saigon price list and progress · Who develops Monrei Saigon: the joint venture structure

The Habitat Binh Duong — joint venture partner

• Role: MC Development Asia (a subsidiary of Mitsubishi Corporation) and Sembcorp Properties own GW Residences; GW Residences has a joint venture with VSIP to develop the project.
• Developer entity: VSIP – Sembcorp Gateway Development Co., Ltd. (Công ty TNHH Phát triển VSIP – Sembcorp Gateway).
• Location: 8 Huu Nghi Boulevard, VSIP 1, Binh Hoa Ward, Ho Chi Minh City (former Thuan An, Binh Duong).
• Status: 11 towers on about 4 ha. Phases 1 and 2 have handed over 727 apartments; phase 3 (6 towers, 793 apartments) passed completion acceptance on 1 April 2025 and is selling completed units.

See The Habitat Binh Duong phase 3 price list · Habitat phase 3 open to foreign ownership

The projects Mitsubishi takes part in within Vinhomes Grand Park and Vinhomes Ocean Park are developed by Vinhomes; HPR does not present them here as projects HPR distributes.

Projects distributed by HPR

HPR advises on and distributes two projects co-developed by Mitsubishi Corporation. Monrei Saigon is selling off-plan units priced from 1.93 billion VND (studio in the Detox 2 tower, inventory updated 18 October 2026, excluding VAT and the maintenance fee). The Habitat Binh Duong phase 3 consists of completed apartments priced from 3.26 billion VND excluding VAT (two-bedroom unit, developer's price list of 3 April 2026, HPR update 15 October 2026).

One lets you buy early and pay in instalments through 2028; the other lets you see the actual unit and move in right away. Before choosing, check the project's legal status — especially the entity name on the contract and the bank guarantee letter — and plan your home purchase cash flow for each option.

Considering Monrei Saigon or The Habitat Binh Duong? Leave your phone number — an HPR consultant will send you the price lists and current sales policies, and compare the two projects according to your budget.