Updated: 30/09/2026
Legal status & progress at The Rivus Elie Saab
What has been set down in writing about ownership, which documents to review before a deposit, and where the project stands according to the documents and dated site photos.
Ownership and brand
| Item | What the documents say |
|---|---|
| Form of ownership | Long-term ownership for Vietnamese nationals (wording used in both the Vietnamese and English factsheets) |
| Foreign buyers | Not addressed in the documents — a written answer from the developer is needed |
| Certificate (sổ hồng) | The sales policy refers to a payment on "receipt of the certificate"; current issuance status not published |
| Brand licence | Masterise Homes uses the mark THE RIVUS – GATED DESIGN VILLAS BY ELIE SAAB under licence from SIM Licensing Limited |
| Governing document | Official information is based on the contract |
Documents to request before a deposit
| Document | Why it matters |
|---|---|
| Project approval decision and building permit | Confirms the project and structures are authorised |
| Confirmation that off-plan housing is eligible for sale (if the villa is unfinished) | A condition for signing a sale contract with the developer |
| Certificate status of the specific lot | Whether the villa has its certificate, and when it is expected |
| Standard Provision list | The only basis for the handover standard |
| Drawings and location plan of the specific lot | Actual land area, floor area and orientation |
| The sales policy currently in force | The time-limited incentives in the 2025 version have expired |
Check the ward named in the papers, as Ho Chi Minh City's administrative units have been reorganised since July 2025.
Project timeline
| Date | Event |
|---|---|
| Feb 2022 | Original factsheet issued, targeting handover in Q1 2024 |
| Apr – Jun 2024 | The earliest three rounds of site photos in our records |
| Mar 2025 | Another round of site photos |
| 2025 | The 2025 sales policy refers to expected handover in March 2025 |
| Jul – Aug 2025 | The latest site photos in our records |
| 30 Sep 2026 | Re-checked: the developer has not published a public price list; the time-limited incentives in the 2025 sales policy have expired |
Both published handover dates (Q1 2024 and March 2025) have passed. The documents do not say whether handover is complete or still under way — we will ask the developer for written confirmation.
Site photos by month taken
Each photo is labelled with the month it was taken in our photo records, not with a progress milestone published by the developer.
Buying on the resale market
The developer has issued a secondary-sales policy for the project; the version we hold is from 2024 and has expired, so current transfer conditions need re-confirming. Resales are rare given the ticket size, and asking prices on listing sites are not evidence of prices actually achieved.
- Typical costs under current rules (indicative): personal income tax of 2% of the transfer price, a 0.5% registration fee and notary fees.
- Check the villa's certificate status, any payments still owed to the developer and any unsettled fees.
- For a villa without its certificate, the contract transfer must be confirmed by the developer.
Get written confirmation
Happy Land will put your questions on handover, certificates and your eligibility to the developer and pass on the written reply.
Frequently asked questions
Does The Rivus have its certificates (sổ hồng)?
The published documents do not state the current certificate status; the sales policy only mentions a payment "on receipt of the certificate (sổ hồng)". Ask for the certificate status of the specific lot before paying a deposit.
What form of ownership applies at The Rivus?
The factsheet states: long-term ownership for Vietnamese nationals. Foreign buyers are not addressed in the documents, so a written answer from the developer and advice from a lawyer on your own situation are needed.
Has The Rivus been handed over?
Both published dates — Q1 2024 and March 2025 — have passed, and the documents give no completion percentage. Our latest site photos are from August 2025. We will ask the developer directly and send you the answer in writing.
Does the 2025 sales policy still apply?
The time-limited incentives in the 2025 version (the final-instalment deadline, interest support and the principal grace period) have all expired. See the price list page for the payment structure, and ask for the version in force before committing.
Contact
Ask for the current price list and availability
Tell us which collection interests you and we will come back with the price list in force, the remaining lots, and the developer's written position on handover and on your eligibility to buy.