Legal & ownership

The Collection 688 legal file

Most listing pages write “clear legal status” and stop there. This page gives the number and the date of every document — and it gives the four things that are still missing, starting with the one foreign buyers need most.

Read this first

The foreign ownership quota has not been confirmed

If you are a foreign buyer, this is the single item that decides whether you can complete at all — so it goes at the top of the page rather than in a footnote.

No document in the file we hold mentions a 30% cap or a number of apartments set aside for foreign buyers. Vietnamese law allows up to 30% of the apartments in a building to be foreign-owned, but that quota has to be registered and confirmed project by project — and neither the developer’s launch file nor the government documents we hold refer to it.

We are not going to tell you the quota is available when we cannot show you the paper. If you are buying as a foreigner, ask us and we will request written confirmation from the developer before you pay anything — this is a condition to settle in writing before a deposit, not after it.

Three further documents are also still outstanding — the form and term of the title certificate, the notice of eligibility to sell off-plan housing, and the bank guarantee. They are set out further down this page.

Names

The commercial name and the legal name are not the same

Search the government records under the commercial name and you will find nothing. It is the first thing to know about this project.

Commercial name

The Collection 688

Used in marketing, advertising and signage.

Investor
Công ty Cổ phần Đầu tư Bất động sản Trí Holdings
Investment decision-maker
Mr Trần Gia Phúc — Chairman of the Board
Site
Parcel 198, map sheet 124, Đại lộ Bình Dương (Quốc lộ 13), phường Thuận Giao, TP. Hồ Chí Minh
Former place name
phường Thuận Giao, TP. Thuận An, tỉnh Bình Dương
Site area
5,804.4 m²
Total investment
1,508,852,148,315 VND
Project group and works grade
Group B — civil works, grade I
Design service life
50 – 100 years
Project schedule
2024 – Q1 2029

The figures above are taken from letter 51038/SXD-QLXDCT issued by the Ho Chi Minh City Department of Construction in August 2026.

Document trail

The steps the project has actually cleared

Every line below corresponds to a document with a number. You can ask us to check any of them against the original when you prepare your file.

  1. 27/12/2023

    5 GCN QSDĐ

    Five land-use right certificates transferred to the investor, Trí Holdings.

  2. 23/08/2024

    QĐ 2398/QĐ-UBND

    Investment policy and the investor approved in one decision, with a 2024 – Q1/2029 delivery schedule.

  3. 12/05/2025

    QĐ 3218/QĐ-UBND

    The 1/500 master plan approved (corrected by decision 4336 on 10/06/2025 and locally amended by decision 341 on 19/03/2026).

  4. 25/06/2025

    GPMT 43/GPMT-UBND

    Environmental licence issued.

  5. 28/11/2025

    CV 17743/SXD-QLXDCT

    The Department of Construction appraised the feasibility study; the revised study was appraised on 12/06/2026.

  6. 25/06/2026

    QĐ 10/QĐ-Trí Holdings-HĐQT

    The investor formally approved the project.

  7. 05/08/2026

    CV 1083/TĐ-PCCC

    Fire-safety design appraisal completed.

  8. 08/2026

    CV 51038/SXD-QLXDCT

    The HCMC Department of Construction confirmed the project is exempt from a construction permit under article 43.2(e) of Construction Law 135/2025/QH15.

Dates are written day/month/year, as in the source documents.

Still missing

Three more documents we have not received

We leave this section on a sales page on purpose. If another page states any of these three as settled fact, ask them which document number they are holding.

The form and term of the title certificate (sổ hồng)

The sales file only says that the final instalment falls due when the ownership certificate is issued. It does not say whether ownership is freehold or for a fixed term. Separately, the design file records a design service life of 50 – 100 years — that is the working life of the building, not a term of ownership.

The notice of eligibility to sell off-plan housing

This is the document the Department of Construction issues project by project, and it is the legal precondition for the developer to sign a sale and purchase contract. We have not received the one that applies to this project.

The bank guarantee certificate

MB is recorded as the project’s financing bank. A guarantee of the handover obligation is a different instrument, issued per contract — we have not seen an issued copy.

When any of these documents is issued, we update this page and record the update date in the footer.

FAQ

Questions about the legal file

Why is the project exempt from a construction permit? Is something being skipped?

No. Construction Law 135/2025/QH15 (article 43.2(e)) provides that works inside a project whose feasibility study has been appraised by the competent authority and which the investor has formally approved fall into the construction-permit exemption. In other words, the condition for the exemption is having cleared a higher level of scrutiny. For this project: the Department of Construction appraised the feasibility study in letter 17743/SXD-QLXDCT (28 November 2025) and the revised study in 20637/SXD-QLXDCT (12 June 2026); the investor approved the project in decision 10/QĐ-Trí Holdings-HĐQT (25 June 2026); and the HCMC Department of Construction set out the exemption in letter 51038/SXD-QLXDCT (August 2026).

Where does the land come from?

The file records five land-use right certificates (CD 362703, DB 855460, DB 855461, CK 644075, DL 014299) which the Bình Dương Land Registration Office confirmed as transferred to Trí Holdings Real Estate Investment JSC on 27 December 2023. The site is parcel 198, map sheet 124, on Đại lộ Bình Dương in Thuận Giao ward.

How large is the site? Two different figures circulate online.

The Department of Construction’s letter states 5,804.4 m². Some listing pages say 6,138.6 m². We use the figure in the government document and point out the discrepancy rather than picking the prettier number. The same applies to total investment: the document says 1,508,852,148,315 VND, while many posts say 1,880.5 billion.

Has the 1/500 master plan been approved?

Yes. The 1/500 master plan was approved by decision 3218/QĐ-UBND on 12 May 2025, corrected by decision 4336/QĐ-UBND on 10 June 2025, and locally amended by decision 341/QĐ-UBND on 19 March 2026.

Has the fire-safety design been appraised?

It has. HCMC Police (division PC07) commented on the design in letters 4753/PC07-Đ2 (8 October 2025) and 8161/PC07-Đ2 (21 May 2026), and the fire-safety design appraisal was completed in letter 1083/TĐ-PCCC on 5 August 2026.

Does the project have an environmental licence?

Yes — environmental licence 43/GPMT-UBND, issued by the Thuận An City People’s Committee on 25 June 2025.

Where does the site connect to the road network?

The access point onto Highway 13 at Km12+789.9 (right-hand side of the carriageway) was approved in letters 678/SXD-QLGT (26 March 2025), 2143/UBND-KT (11 April 2025) and 1541/SXD-QLHT (25 April 2025). Water supply, power supply and drainage connections each have their own signed connection agreements.

Talk to us about The Collection 688

Message us on WhatsApp or Zalo. We answer with what the project file actually says — and we tell you plainly which items are still unconfirmed.

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