Issuance of ownership certificates to residents of Millennium Apartment

After a period of close coordination with relevant authorities to resolve legal bottlenecks, the issuance of Certificates of Land Use Rights, Ownership of Housing and other land-attached Assets (commonly referred to as “LURC”) to residents of Millennium Apartment has officially commenced. This not only marks an important milestone for the resident community but also reinforces the long-term asset value of one of the apartment buildings located at the most prime location in the southern area of central HCMC.

Strengthening the legal framework to safeguard residents’ rights and benefits

Phat Dat Real Estate Development Corporation (PDR), the developer of the Millennium Apartment project at 132 Ben Van Don Street, Khanh Hoi Ward, HCMC, has officially announced that procedures for issuing ownership certificates for the apartments are being carried out in accordance with applicable laws and regulations. Accordingly, customers and relevant stakeholders are encouraged to promptly complete the required documentation to facilitate the issuance process by competent authorities.

Millennium Apartment at No. 132 Ben Van Don Street, Khanh Hoi Ward, HCMC.

The project’s legal issues have been resolved through coordinated efforts among relevant State agencies. Previously, on December 30th 2025, the HCMC Department of Agriculture and Environment issued Official Letter No. 17449/SNNMT-VPĐK to seek opinions from relevant agencies regarding the removal of transfer restrictions at Millennium Apartment, thereby providing a foundation for issuing ownership certificates to homebuyers.

Subsequently, on January 16th 2026, the HCMC Department of Justice issued Official Letter No. 494/STP-BTTP, assigning the Notary Information and Consultation Center to remove transaction restriction measures related to the project. On January 20th 2026, the Police Department for Investigation of Corruption, Smuggling and Economic Crimes (under the Ministry of Public Security) also issued a document requesting the Department of Agriculture and Environment to rely on recommendations from the HCMC People’s Court to advise the City People’s Committee on the issuance of ownership certificates.

Notably, on February 5th 2026, the Office of the HCMC People’s Committee issued Official Letter No. 2782/VP-NCPC regarding the removal of transaction restrictions and the issuance of ownership certificates for homebuyers at Millennium Apartment, thereby establishing a critical legal basis for the certification process.

The completion of legal procedures not only safeguards the legitimate rights of homebuyers but also reflects the City authorities’ active role in addressing challenges in the real estate market, thereby strengthening investor and resident confidence.

Value uplift from a rare central location

Located along Ben Van Don Street — a riverside boulevard along Saigon River, and often described as a “balcony overlooking District 1” — Millennium boasts a rare location just minutes away from the central financial district via Calmette Bridge, Ong Lanh Bridge, or Khanh Hoi Bridge.

Millennium boasts a rare location, near the core of HCMC.

Amid increasingly limited inner-city land supply, residential projects situated near the core of Ho Chi Minh City are becoming ever more scarce. In addition to excellent connectivity, the area benefits directly from a well-established urban ecosystem, including financial and commercial centers, international hospitals, schools, dining destinations, and riverside cultural and recreational spaces.

This distinctive feature of “riverside living space in the heart of the city” has enabled Millennium to maintain strong and stable appeal over the years, both for owner-occupiers and domestic as well as international tenants.

Ownership certificates – a catalyst for long-term asset value

In today’s real estate market, legal transparency has become a key criterion in evaluating asset value. The issuance of ownership certificates for Millennium apartments is expected to enhance market liquidity in secondary transactions, while also improving residents’ access to financing through mortgage or lending activities.

For investors, this represents the completion of the asset’s value lifecycle, encompassing a prime location, stable rental income, and full legal status. As Ho Chi Minh City continues to position the Saigon River corridor as a key landscape and economic axis, fully legalized projects such as Millennium are well-positioned for sustained long-term growth.

The rollout of ownership certificate issuance at Millennium not only marks a significant step in the project’s completion stage but also reinforces residents’ confidence in a stable, transparent, and sustainable living environment. This is an increasingly important benchmark in modern urban real estate markets.