Riverside Luxury Apartments opened on paper on 27 January, 1992 but was officially in operation in August, 1995. It’s the joint venture between Vietnamese owner, Ky Hoa One Member Trading & Tourism Company, Ltd with 20% of ownership and DaNao International Holdings (DIH), Ltd with 80% of ownership. In March, 2007, Indochina Land, a division of Indochina Capital, purchased a majority interest (55%) in DIHL, the owner of the Danao Properties of hotels and golf clubs, including Riverside (HCM), Novotel Phan Thiet, Ocean Dunes Golf Club (Phan Thiet). The remaining 45% ownership of DIHL belongs to Dragon Capital. In December, 2014, 80% of foreign partner has been sold to Hieu Duc Joint Venture located at 215 Nguyen Van Thu, Dakao Ward, District 1, HCMC.
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