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International ChainsNational ChainsDaily Essentials & GroceryQuick-Service DiningFamily Entertainment

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Thiso Mall Sala is situated at 10 Mai Chi Tho Street in Thu Thiem Ward, Thu Duc City, Ho Chi Minh City, serving as the inaugural shopping center in the emerging Thu Thiem urban area. With a gross floor area of 60,000 square meters and net leasable area of 33,000 square meters, it opened in 2022 as a modern mixed-use facility emphasizing shopping, dining, and entertainment. The tenant mix features approximately 120 stores, with food and beverage outlets occupying 40% of the space, alongside fashion retail and leisure options; anchor tenants include international brands to draw diverse shoppers.

Positioned at the gateway to the affluent Sala development, it targets the growing residential and business hub across the Saigon River from District 1. Current occupancy stands at 85%, below the Ho Chi Minh City average of 93.6%, indicating room for new lessees amid stable market demand.

Leasing advantages include competitive prime rents of USD 25 to 35 per square meter per month, strategic accessibility via major roads and future metro connections, and a demographic of young professionals and expatriates supporting sustained footfall. However, the developing infrastructure in Thu Thiem poses potential short-term access challenges, while competition from established District 1 malls like Vincom Center influences regional traffic patterns.

Overall, it offers balanced opportunities in a high-growth suburb with projected urban expansion driving long-term retail viability.

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Hours of Operation

Hours

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Monday10:00 AM — 10:00 PM
Tuesday10:00 AM — 10:00 PM
Wednesday10:00 AM — 10:00 PM
Thursday10:00 AM — 10:00 PM
Friday10:00 AM — 10:00 PM
Saturday09:30 AM — 10:00 PM
Sunday09:30 AM — 10:00 PM
Holiday Hours

Hours may vary on public holidays. Check with individual stores for specific holiday schedules.

No. 10 Mai Chi Tho, Thu Duc City, Vietnam

Insights

Demographics and Footfall

The surrounding Thu Thiem and Sala areas host a demographic primarily comprising young urban professionals aged 25-40, expatriates, and middle-to-upper-middle-income families, fueled by new residential towers and office developments. This profile supports consistent footfall, with Ho Chi Minh City malls reporting rising visitor numbers in 2025 due to experiential retail innovations. Estimated daily footfall benefits from proximity to 20,000 residents within a 3-kilometer radius and spillover from District 1, though actual metrics remain moderate as the area matures, presenting opportunities for brands targeting affluent millennials amid a population growth rate of 2.5% annually in Thu Duc City.

Accessibility and Operational Quality

Thiso Mall Sala enjoys strategic accessibility via Mai Chi Tho Street, connecting directly to the Thu Thiem Bridge and future Line 1 metro station, facilitating easy reach from central Ho Chi Minh City in under 15 minutes. The property features modern architecture with one basement level, spacious parking for over 1,000 vehicles, and amenities like free WiFi, strollers, and information counters enhancing operational quality. However, ongoing urban development may cause temporary traffic congestion, and the malls integration with surrounding infrastructure remains a work in progress, potentially impacting peak-hour access for retailers reliant on high-volume traffic.

Competition and Lease Terms

As the first mall in Thu Thiem, Thiso Mall Sala faces limited local competition but contends with established venues in adjacent District 1, such as Vincom Center and Takashimaya, which draw premium shoppers with higher footfall. Market saturation in Ho Chi Minh Citys core areas contributes to selective tenant interest, reflected in the 85% occupancy rate. Lease terms offer flexibility with base rents of USD 25-35 per square meter monthly for prime spaces, plus turnover-based structures, appealing for mid-tier international and domestic brands. Risks include economic fluctuations affecting discretionary spending in suburban locations, though the areas projected GDP contribution from new financial districts bolsters resilience against broader retail slowdowns.

Building Details

Property Type
Regional
Gross Leasable Area
33,000
Year Built
2022
Parking Spaces
1000
Average Monthly Footfall
416,667
Owner
Đại Quang Minh Real Estate Investment Corporation
Anchor Tenants
Emart Sala, Uniqlo

Detailed Market Analytics

Primary Catchment Area
5 km
Secondary Catchment Area
10 km
Catchment area population
800,000 People
Population growth rate
4.5 %
Median age
32 Years
Household size
3.6 People
Education level (tertiary)
35.0 %

Median household income
10,000,000 VND/month
Unemployment rate
3.65 %
Cost of living index
45 Index (NYC=100)

Retail spending per capita
3,740 USD/year
Spending on apparel
500 USD/year
Spending on groceries
1,200 USD/year
Spending on electronics
400 USD/year

Annual foot traffic
5,000,000 Visitors
Dwell time
90 Minutes
Conversion rate
25.0 %
Sales per square meter
6,000 USD/sqm/year

Number of retail stores
120 Stores
Anchor tenant presence
Yes
Competitor density (same category)
Medium
Tenant diversity
High
Unique Concepts
Yes

Gross Leasable Area
33,000 sqm
Number of Levels
5 Levels
Average rent per square meter
30 USD/sqm/month
Vacancy rate
5.0 %
Lease term flexibility
High
Available retail space
1,650 sqm

Proximity to main roads
High
Public transport access
Good
Parking spaces
1,000 Spaces
Pedestrian traffic
Medium

E-commerce competition
High
Click-and-collect adoption
20.0 %
Internet penetration
75.0 %

Retail crime rate
Low
Security measures
CCTV and Guards

Promotional events
Frequent
Loyalty program penetration
30.0 %
Digital signage presence
Yes

Projected foot traffic growth
10.0 %
New tenant pipeline
Yes
Mall expansion plans
nan
City Snapshot
Thu Duc City

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Top retail destinations across Vietnam.

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City Snapshot
Thu Duc City

Comprehensive market intelligence for retail expansion in this city

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