Cardinal Court Phu My Hung – EDGE-Certified Green Condo District 7
Công ty TNHH Phát Triển Phú Mỹ Hưng
The first and only EDGE-certified project in Phú Mỹ Hưng — green building standards for energy, water, and materials combine with an exclusive 182-unit scale and a 1,000 m² pool in the heart of the International Financial District.
💰 9,3 tỷ – 16,2 tỷ📏 139,5 triệu/m²🏗️ Delivered 2023🏢 219 units
Cardinal Court is an EDGE-certified green residential project by Phú Mỹ Hưng on a 10,780 m² site in the International Financial and Commercial District of Phú Mỹ Hưng, District 7. Two towers (15 and 16 floors) deliver 182 premium apartments and 37 street-level shophouses, anchored by a 1,000 m² central swimming pool and a two-floor clubhouse — the first Phú Mỹ Hưng development to receive IFC EDGE green building certification across four product categories.
Ho Chi Minh City targets 61,200 property certificates in 2026 under Task Force 1645 to clear apartment backlog
Policy · Jan 2026 · en.sggp.org.vn
Neighborhood
87*
Family Score
Excellent
Family appeal is strong, with schools and green space within walking range. The Japanese School in Ho Chi Minh City is about 670 m away, and Sakura Park, roughly 520 m, gives children outdoor space.
94
Leisure Score
Excellent
Lifestyle options are deep and walkable. Crescent Mall, one of the major malls in HCMC, is nearby, and well-reviewed cafés and restaurants fill the surrounding blocks within about 300 m.
86
Convenience
Excellent
Daily convenience is strong, with most errands manageable on foot. SATRA Food Supermarket Star Hill is a short walk away, and banks and convenience stores sit within roughly 300 m.
77
Health
Good
Medical access is strong. FV Hospital, one of HCMC's top hospitals, is about 0.9 km away, backed by nearby clinics and pharmacies for routine care.
88
Transit Access
Excellent
Several bus stops sit within roughly 300 to 520 m; the nearest metro station, Ben Thanh, is about 7.4 km away.
86
Commute Ease
Excellent
37 min to Q1 Bến Thành via 102. 12 min walk to bus stop.
9
Nightlife
Below Avg
Nightlife is effectively absent: there is no dedicated bar or club district and no concentrated late-night scene nearby. Evenings follow the office-district and dining-led character of the area.
32
Quietness
Below Avg
Quietness is limited. Ambient noise rates high, and small bars, karaoke venues and late-night dining sit within roughly 150 m to 1 km of the address.
* Score includes on-site amenities that are planned or under construction, not yet open.
Domo Scores™
7.1
🏠 Homeowner
Solid
6.7
📈 Investor
Solid
Better for long-term living than for investing.
A compact, EDGE-certified Phú Mỹ Hưng address with strong walkable services and an unusually rich amenity set for 182 apartments, delivered in December 2023. The trade-offs are a noisy commercial setting, a car-dependent commute, a clear price premium to peers (around 3-3.5% gross yield), and individual pink books still being processed.
🏠 Homeowner
Value
5.9
Livability
7.7
Legal & delivery
7.2
Location & connectivity
7.6
📈 Investor
Value
5.9
Returns & exit
6.7
Legal & delivery
7.2
Location & demand
7.2
Why the scores differ
Homeowner: A good fit for homeowners who want a compact, green-certified address in the heart of Phú Mỹ Hưng. EDGE-certified towers, a 1,000 m² pool and a two-floor clubhouse for only 182 apartments, with FV Hospital and the Japanese School close by, are the draw. The trade-offs are a busy, noisy commercial setting, a car-dependent commute to District 1, and individual pink books still being processed.
Investor: A defensible niche, but the numbers are tight. Gross rental yield is only around 3-3.5% and asking prices sit at a clear premium to comparable upper-mid projects, so returns lean on continued price growth. The 182-apartment scale keeps resale supply thin, and pink books are still being processed, which buyers should verify before relying on bank financing.
Price & Market
Current Market Price
139,5 triệu/m²
📈+86% since launch
Market range
116 triệu – 162 triệu/m²
Unit price
9,3 tỷ – 16,2 tỷ
Rent
24 triệu – 45 triệu/mo
Launch price
75 triệu/m²
Est. Rental Yield3.2%
•🟢 Phú Mỹ 2 Bridge is under construction (groundbreaking January 2026, due 2029) starting on Nguyễn Hữu Thọ Road about 2-3 km away, adding a second cross-river corridor toward Đồng Nai and Long Thành Airport.
•🟢 Metro Line 4 (approved, targeting Q1 2027 groundbreaking) would run through District 7 about 2-3 km away and give Phú Mỹ Hưng its first metro link, but it is not yet under construction, so treat it as long-dated upside.
•🟡 Asking prices of about 116-162M/m² (typical roughly 140M/m²) sit around a quarter above the upper-mid peer median of about 110M/m² across 41 peers, so the premium is already priced in.
•🟡 According to CBRE (May 2026), HCMC condo secondary prices rose about 32% year-on-year and absorption held at 70-76%, but floating mortgage rates of 12-15% are the main headwind for buyers, which can slow resale at premium price points.
•🔴 Individual pink books are still being processed; HCMC's Task Force 1645 targets 61,200 certificates in 2026 and prioritises delivered projects, which may help, but there is no unit-level confirmation for Cardinal Court yet.
Last updated: October 2026
Is this a good deal?
Project
Price
Distance
Cardinal Court
139,5 triệu/m²
—
Golden King
60 triệu/m²
0.2 km
Phú Mỹ Hưng L'Arcade
188,1 triệu/m²
0.2 km
Star Hill
94 triệu/m²
0.2 km
Should you buy here?
Best for:
✓Professionals working in Phú Mỹ Hưng's financial district who want to live close to work
✓Expat and local families who want Phú Mỹ Hưng school and hospital access in a smaller community
✓Buyers who prioritise green-building standards and low-density living
Not ideal for:
✗Buyers who need a quiet street-level environment and are sensitive to commercial-district noise
✗Buyers who need metro access or a short commute to District 1
✗Buyers who need a 1BR or studio; the smallest unit is a 2BR
Market Trends
October 2026 resale asking prices run about 116-162M/m² (typical roughly 140M/m²), a premium to comparable upper-mid projects, and the 182-apartment scale keeps resale supply thin.
Decision Factors
Strengths
✓First IFC EDGE-certified project in Phú Mỹ Hưng, certified across four product categories, with thermal-insulation glass and solar panels aimed at lower energy use.
✓A 1,000 m² pool and a two-floor clubhouse (gym, yoga, sauna, reading room, kids area) are shared by only 182 apartments, a high amenity-to-household ratio.
✓Walkable core location: Crescent Mall, a supermarket and banks are close, FV Hospital is about 0.9 km and the Japanese School in Ho Chi Minh City about 0.7 km away, with low flood risk.
✓Handed over on schedule in December 2023 by Phú Mỹ Hưng Corporation, so there is no construction or handover risk to underwrite.
Tradeoffs
!Ambient noise rates high: the address sits in a commercial district with small bars and late-night dining nearby and 37 ground-floor shophouses, so pool-facing units are generally preferable to street-facing ones.
!Commuting is car-dependent: 25-35 min to District 1, 37 min by bus to Q1 Bến Thành, and the nearest metro station (Ben Thanh) is about 7.4 km away.
!Only 2BR, 3BR and penthouse units exist (no 1BR or studio), which narrows the buyer and tenant pool compared with projects offering a 1BR to 4BR range.
Watch items
?Pink-book processing for individual units is under way but not complete, and the October 2026 refresh found no new public unit-level confirmation; verify unit status directly with Phú Mỹ Hưng Corporation, especially if you rely on bank financing or plan to resell.
?October 2026 secondary asking prices (about 116-162M/m²) are roughly a quarter above the upper-mid peer median and rest on snapshots at 0.6 confidence; check recent closed comps by bedroom type before negotiating.
?No resident review digest is available, so maintenance fees, parking ratio and building-management quality are unverified; ask the management company and current residents before committing.
Unit Types
2BR
2 Beds · 2 Baths · 75–76 m²
9,3 tỷ – 10,9 tỷ
126 triệu/m²
Rent: 24 triệu - 26 triệu/mo
Young families
3BR
3 Beds · 2 Baths · 100–101 m²
14,5 tỷ – 16,2 tỷ
153 triệu/m²
Rent: 35 triệu - 45 triệu/mo
Growing families
Penthouse
4 Beds · 3 Baths · 169–207 m²
Under review
≈ 23,58 tỷ – 28,88 tỷ est.
139,5 triệu/m²
Growing families
Project Details
Developer
Công ty TNHH Phát Triển Phú Mỹ Hưng
Status
Delivered 2023
Total Units
219
Towers
2
Legal Information
Handover
2023-12-25
Construction Permit
Approved
Pink Book
in_progress
Legal Notes
Handed over December 25–27, 2023. Vietnamese nationals hold long-term ownership; foreign nationals are eligible for 50-year leasehold. Pink book issuance for individual units is in progress; the October 2026 refresh found no new public unit-level confirmation, so buyers should verify directly with Phú Mỹ Hưng Corporation.
Amenities
👨👩👧Family: Children's indoor and outdoor play areas are included within the development. The broader Phú Mỹ Hưng master-plan school ecosystem — SSIS, Canadian International School, RMIT — is accessible within the PMH precinct.
🏋️Fitness: The two-floor clubhouse consolidates gym, yoga room, sauna, and hot tub facilities. The 1,000 m² outdoor pool provides a generous water amenity for the project's compact resident count.
🏖️Lifestyle: 37 ground-floor shophouses provide on-site dining, retail, and services for residents, consistent with the commercial district setting. The two-floor clubhouse includes a bar and community activity room for social gatherings.
🛒Convenience: Car and motorbike parking serve all residents with 24/7 security. FV Hospital is within the PMH precinct (~2 km) and Crescent Mall is accessible via Nguyễn Lương Bằng. The project's CBD location puts most daily needs within walking or short driving distance.
Nguyễn Lương Bằng BoulevardNguyễn Văn Linh ExpresswayRaymondienne Street
🔇 High Noise🌊 Low Flood🛣️ Not Near Highway
A compact community of 182 households in Phú Mỹ Hưng's International Financial and Commercial District, mixing Vietnamese professionals, finance-sector workers and a share of expat residents drawn by the master-planned setting and international school access.
🏫 International Schools
•Saigon South International School (SSIS) — American/IB curriculum, within Phú Mỹ Hưng
•Canadian International School (CIS) — within Phú Mỹ Hưng urban area
•RMIT University Vietnam (Saigon South campus) — within Phú Mỹ Hưng
🏥 Hospitals
•FV Hospital (Franco-Vietnamese) — flagship international hospital within Phú Mỹ Hưng, ~2 km
Things to consider (not deal breakers)
⚠️ Traffic
The Nguyễn Lương Bằng corridor and its intersections with Nguyễn Văn Linh can slow during peak hours...
The Nguyễn Lương Bằng corridor and its intersections with Nguyễn Văn Linh can slow during peak hours. The project sits within the Phú Mỹ Hưng CBD precinct — internal road grid is well-maintained, but District 7 remains car-dependent for CBD commutes.
🌊 Flood Risk
Flood risk is low. The Phú Mỹ Hưng core area benefits from modern drainage infrastructure that large...
Flood risk is low. The Phú Mỹ Hưng core area benefits from modern drainage infrastructure that largely isolates it from flooding common in lower-lying parts of District 7.
A 1,000 m² outdoor swimming pool serving only 182 apartments — one of the highest pool-to-resident ratios among Phú Mỹ Hưng's compact residential projects. The pool forms the centrepiece of the development's resort-style central landscape zone.
Reading Room
A dedicated reading room within the clubhouse — a feature rarely included in projects at this scale in Phú Mỹ Hưng, where social and fitness facilities take priority. Reflects a design brief oriented toward a quieter, professional resident profile.
Two-Floor Clubhouse
A two-storey amenity building housing gym, yoga room, sauna, hot tub, bar, reading room, community activity room, and children's area — an unusually broad facility set for a 182-unit project, typically seen only in larger mixed-use developments.
Growth Catalysts
🚧HCMC Metro Line 4 (Thạnh Xuân – Hiệp Phước) targets Q1 2027 groundbreaking via District 7 (2027)
🚧Phú Mỹ 2 Bridge under construction linking District 7 to Đồng Nai, due 2029 (2029)
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This area scores 94 for Leisure Score · 87 for Family Score
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