BCONS ASAHI
Formerly Green Land Binh An
OUR FIRST INVESTMENT IN VIETNAM

Bcons Asahi is Mercuria Vietnam’s first real estate investment project in Vietnam. Announced in February 2025, the project is being developed with Bcons in the Di An area of Ho Chi Minh City, formerly Binh Duong Province, approximately 20 km from the Ho Chi Minh City CBD.

PROJECT HIGHLIGHTS
• Mid-income condominium development
• Site area: approximately 4,287.8 sq.m.
• 1 tower: 29 storeys above ground and 2 basement levels
• 490 residential units
• Unit sizes: approximately 30–70 sq.m.
• Amenities include a swimming pool and kindergarten

Mercuria SPV made the equity investment by acquiring a 49% interest in the project company. Mercuria Vietnam’s local team supports ongoing project monitoring and coordination.

Official press release:
HO CHI MINH CITY CONDOMINIUM DEVELOPMENT
In collaboration with Marimo Holdings Group and Bcons

Announced in February 2026, this project brings together Bcons, Marimo Global and the Mercuria group to develop affordable housing for Vietnam’s growing middle-income population. The site is located in Tan Dong Hiep Ward, Ho Chi Minh City, approximately 20 km from the city’s CBD.

PROJECT HIGHLIGHTS
• Condominium development for middle-income households
• Site area: approximately 8,240 sq.m.
• 3 residential towers
• Approximately 800 units
• Unit sizes: approximately 30–70 sq.m.
• Construction planned from 2026
• Completion planned for 2028

Mercuria Vietnam’s local team supports project monitoring, partner coordination and value enhancement throughout the development period.

Official press release:
https://prtimes.jp/main/html/rd/p/000000135.000019312.html
TWO RESIDENTIAL DEVELOPMENT PROJECTS IN HO CHI MINH CITY
In collaboration with Toshin Development and Bcons

Announced in May 2026, these two residential projects are located in the eastern and suburban area of Ho Chi Minh City, formerly part of Binh Duong Province, where future extension of Metro Line 1 is expected to support long-term residential demand.

PROJECT HIGHLIGHTS
• Two residential development projects led by Bcons
• Project 1: approximately 1,000 units on approximately 5.0 hectares
• Project 2: approximately 1,250 units on approximately 6.5 hectares
• Approximately 2,250 units in total
• Both projects are planned for completion in 2028

Bcons contributes local development capability, while Toshin Development brings experience in commercial development, urban planning and product development. Mercuria Vietnam’s local team supports project monitoring and coordination among the partners.

Official press release:
https://prtimes.jp/main/html/rd/p/000000140.000019312.html
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