VSIP — developer of The Habitat Binh Duong and the Sun Casa township

VSIP is an industrial park brand associated with Vietnam – Singapore cooperation, present since 1996. Beyond industrial parks, VSIP also develops townships and housing for expatriates and workers around these parks. If you are looking for a completed apartment next to VSIP 1, The Habitat Binh Duong is a project worth seeing.

About VSIP

• Legal entity: Vietnam Singapore Industrial Park Joint Venture Co., Ltd., founded in 1996.
• Joint venture: Becamex Group (Vietnam) and Sembcorp Development (Singapore).
• Scale: as of October 2026, VSIP reports 30 projects in 19 provinces and cities, serving more than 1,000 businesses from 30 countries and territories. As of July 2026, the VSIP system had an industrial land bank of about 14,500 ha and had attracted more than 31.2 billion USD in FDI.
• Direction: the VSIP 2.0 strategy shifts the focus to high-value industrial ecosystems, digital industry, automation and sustainable development.

VSIP urban and residential projects under development

The Habitat Binh Duong

An 11-tower apartment complex on about 4 ha at 8 Huu Nghi Boulevard, right at the VSIP 1 gate. The developer is VSIP – Sembcorp Gateway Development Co., Ltd., a joint venture of VSIP, Sembcorp Properties and MC Development Asia (Mitsubishi Corporation). Phase 1 (267 apartments) and phase 2 (460 apartments) have been handed over; phase 3, with 6 towers and 793 apartments, passed completion acceptance on 1 April 2025. See The Habitat phase 3 apartment price list.

Sun Casa township (north of Ho Chi Minh City)

A large township at VSIP II, comprising the Sun Casa Hoa Loi, Sun Casa Central and Sun Casa Square sub-zones, planned together with a shopping centre, sports area and parks.

Belhomes and Casa Flora

The Belhomes townships in Hai Phong and Bac Ninh and Casa Flora in Nghe An (under development).

HPR does not distribute VSIP projects other than The Habitat Binh Duong.

Projects distributed by HPR

HPR advises on The Habitat Binh Duong phase 3 apartments. According to the developer's price list of 3 April 2026, two-bedroom units are priced from 3.58 billion VND and three-bedroom units from 4.54 billion VND (VAT included, excluding the 2% maintenance fee; price section updated 15 October 2026). What sets it apart: the homes are completed, you can see the actual unit, and the project has its land use right certificate. In October 2026, the project was included in the list of projects where foreigners may own housing, with 151 units already under contract — see the article The Habitat phase 3 added to the foreign ownership list.

Buying to live in or to lease to expatriates? Plan your home purchase cash flow and check the project's legal status first. Already own an apartment and want to resell? See the apartment resale consignment service.

Which VSIP project are you considering? Leave your phone number — an HPR consultant will send you the price list and current sales policy, and compare projects according to your budget.