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.
💰 10,9 tỷ – 21 tỷ📏 147 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 credentials are solid here. Kids Club Saigon — one of HCMC's top-ranked preschools — is 360 m away for morning drop-offs, the Japanese School in Ho Chi Minh City is nearby, and Golfzon Park Paragon is next door for outdoor activity.
94
Leisure Score
Excellent
Lifestyle options are exceptionally deep for this address. The Phú Mỹ Hưng commercial precinct surrounds the project with a broad mix of cafés, restaurants, and casual dining within 300 m, making the immediate area one of the more walkable food-and-social districts in District 7.
86
Convenience
Excellent
Daily convenience is well-covered at this address. Banks and convenience stores are within 200 m, a supermarket is a short walk away, and Crescent Mall is nearby for broader shopping runs.
77
Health
Good
Healthcare access is solid for this address. Clinics and pharmacies are within 500 m for routine needs, and FV Hospital — one of HCMC's top-rated hospitals — is less than 900 m away.
88
Transit Access
Excellent
Bus access is within a 5-minute walk, with stops roughly 300 m from the project connecting to central HCMC routes. Ben Thanh Station, the nearest metro terminal, is 7.4 km away — District 7 has no metro connection today.
86
Commute Ease
Excellent
37 min to Q1 Bến Thành via 102. 12 min walk to bus stop.
9
Nightlife
Below Avg
No bar or club scene exists within meaningful walking range. The Phú Mỹ Hưng financial precinct is predominantly corporate and residential in character — evenings here wind down after business hours rather than extending into late-night entertainment.
32
Quietness
Below Avg
Quietness is notably low at this address. The commercial-district setting and 37 ground-floor shophouses generate persistent ambient activity, with several local bars operating within 200 m adding to the noise level after hours.
* 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.
Cardinal Court offers the only EDGE-certified apartment in Phú Mỹ Hưng — an exclusive community of 182 units with a 1,000 m² pool and full-service clubhouse in the heart of the financial district. Premium pricing and a commercial-district address, with associated noise and ground-floor shophouse activity, are the two honest tradeoffs to weigh.
🏠 Homeowner
Value
5.8
Livability
7.6
Legal & delivery
7.2
Location & connectivity
7.6
📈 Investor
Value
5.8
Returns & exit
6.8
Legal & delivery
7.2
Location & demand
7.2
Why the scores differ
Homeowner: A good choice for homeowners, particularly those working in or near Phú Mỹ Hưng's financial district. Phú Mỹ Hưng Corporation delivers an exceptional amenity-to-unit ratio — a 1,000 m² pool and full-service two-floor clubhouse for just 182 apartments — alongside FV Hospital within 900 m, Crescent Mall nearby, and the Japanese School in Ho Chi Minh City. The main tradeoff is a commercial-district address: 37 ground-floor shophouses and nearby bars produce persistently high ambient noise that quieter, park-side or waterfront PMH locations avoid. Pink book processing is under way but not yet complete.
Investor: The investment case is a stable niche, not a growth bet. With only 182 units in an established PMH precinct, secondary supply pressure is naturally contained and the resale market is active. However, gross rental yields run approximately 3–3.5% at current ask prices — below what yield-seeking investors typically need — and the narrow floor-plan range (2BR/3BR only, priced 31% above the upper-mid peer median) restricts the exit buyer pool. Metro Line 4 through District 7 is the meaningful forward catalyst: if Sovico's Q1 2027 groundbreaking target holds, it would give Phú Mỹ Hưng its first metro connection and materially re-rate residential demand.
Price & Market
Current Market Price
147 triệu/m²
📈+96% since launch
Market range
128 triệu – 163 triệu/m²
Unit price
10,9 tỷ – 21 tỷ
Rent
25 triệu – 45 triệu/mo
Launch price
75 triệu/m²
Est. Rental Yield2.6%
•🟢 First and only EDGE-certified project in Phú Mỹ Hưng — a differentiator with growing relevance as Vietnam tightens green building regulations and ESG requirements expand among institutional and corporate tenants
•🟢 Very low secondary supply (182 apartments) compared to larger PMH peers — naturally constrains resale competition and supports price stability in the secondary market
•🟡 Secondary resale pricing is tracking approximately 147M/m² — 31% above the upper-mid peer median — with the EDGE premium and scarcity already embedded; buyers should verify current comps before acting on further appreciation expectations
•🟡 Metro Line 4 through District 7 (via Nguyễn Hữu Thọ, ~2–3 km away) — approved and targeting Q1 2027 groundbreaking under Sovico/GMDI; if delivered, it would give Phú Mỹ Hưng its first metro connection, directly addressing the area's car-dependency drawback
•🔴 High ambient noise from the commercial-district setting and 37 ground-floor shophouses reduces livability appeal versus quieter waterfront or park-adjacent PMH locations — apartment units facing the internal pool are generally more sheltered from street-level commercial activity
Last updated: June 2026
Is this a good deal?
Project
Price
Distance
Cardinal Court
147 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 or near Phú Mỹ Hưng's financial district — walkable to offices and daily services
✓Homeowners who prioritize green building standards — EDGE certification reduces energy and water costs
✓Expat families seeking the PMH international school ecosystem in a smaller, more exclusive community
Not ideal for:
✗Homeowners sensitive to noise — high ambient levels from the commercial district and ground-floor shophouses are a permanent condition
✗Buyers needing 1BR or a wider floor-plan range — only 2BR, 3BR, and penthouse configurations available
Market Trends
Secondary resale pricing for Cardinal Court is tracking above the upper-mid peer median, consistent with the EDGE certification premium and scarcity from its 182-unit scale; further appreciation depends on broader PMH market conditions and progress on the Metro Line 4 catalyst.
Decision Factors
Strengths
✓First and only EDGE-certified project in Phú Mỹ Hưng — IFC certification across four product categories (commercial base, shophouses, 2BR, 3BR) reduces energy and water costs and provides a durable differentiator as Vietnam's green building standards tighten
✓Exceptional amenity-to-unit ratio for the scale: a 1,000 m² pool and two-floor clubhouse with gym, yoga, sauna, hot tub, bar, reading room, and children's area serve only 182 apartments — rarely matched in PMH at this price point
✓Core PMH location: FV Hospital, Crescent Mall, and international schools are all within a 10-minute walk, with a dense mix of cafés and restaurants immediately surrounding the building
Tradeoffs
!Commercial-district address and 37 ground-floor shophouses produce high ambient noise — a permanent condition that waterfront and park-adjacent PMH locations avoid
!Only 2BR and 3BR floor plans available — no 1BR option limits the buyer pool for investors and solo occupants, and constrains rental demand breadth
!Priced approximately 31% above the upper-mid peer median — the EDGE premium and scarcity value are already embedded, constraining further price appreciation upside
Watch items
?Pink book issuance for individual units is in progress — verify the specific unit's status directly with Phú Mỹ Hưng Corporation before completing any transaction; the city's 2026 Task Force 1645 programme targeting 61,200 new certificates may accelerate resolution for Cardinal Court units
?Metro Line 4 through District 7 (Nguyễn Hữu Thọ alignment, ~2–3 km from Cardinal Court) — Sovico/GMDI feasibility study submitted May 2026, targeting Q1 2027 groundbreaking; confirm schedule progress before factoring this catalyst into your investment thesis
Unit Types
2BR
2 Beds · 2 Baths · 75–76 m²
10,9 tỷ – 12,4 tỷ
153 triệu/m²
Rent: 25 triệu - 35 triệu/mo
Young families
3BR
3 Beds · 2 Baths · 100–101 m²
12,9 tỷ – 15,5 tỷ
142 triệu/m²
Rent: 35 triệu - 45 triệu/mo
Growing families
Penthouse
4 Beds · 3 Baths · 169–207 m²
Under review
17 tỷ – 21 tỷ
101 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
Handover ceremony completed December 25–27, 2023. Vietnamese nationals hold permanent (long-term) ownership; foreign nationals eligible for 50-year leasehold per current law. First IFC EDGE-certified project in Phú Mỹ Hưng. Administrative ward updated from Tân Phú to Tân Mỹ (District 7) effective July 1, 2025 following Ho Chi Minh City ward consolidation under Resolution 1685/NQ-UBTVQH15; physical location and plot number unchanged. Pink book issuance for individual units is in progress; Ho Chi Minh City is running a 2026 programme under Task Force 1645 targeting 61,200 new property certificates to clear apartment backlogs city-wide. Specific unit-level confirmation for Cardinal Court units was not available from public sources as of June 2026; 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, exclusive community of 182 households in Phú Mỹ Hưng's International Financial and Commercial District — mixing Vietnamese professionals and finance-sector workers with expat residents drawn by the PMH master-plan environment, international school access, and EDGE green certification.
🏫 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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