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Explore VietnamCông ty TNHH Phát triển Phú Mỹ Hưng
Delivered 2007 · Pink books 100%
One of the lowest-density luxury addresses in Phú Mỹ Hưng — 96 apartments across four interconnected Singapore-designed blocks with void floors for natural light, facing the tree-lined Tôn Dật Tiên canal boulevard.
Garden Plaza 1 is a boutique luxury residential complex in Phú Mỹ Hưng's Canal District (Khu Kênh Đào), District 7, developed by Phú Mỹ Hưng Corporation on a 7,000 m² site fronting the 40-metre wide Tôn Dật Tiên Avenue. Four interconnected 8-storey blocks house 96 spacious 3-bedroom apartments and 14 ground-floor commercial shops, designed by KYTA Singapore with a distinctive void between the 3rd and 5th floors for natural ventilation and light. Low density and a canal-side boulevard setting make this one of the most private addresses within the Phú Mỹ Hưng master plan.
Balanced for both homeowners and investors.
Garden Plaza 1 is one of Phú Mỹ Hưng Canal District's most private boutique addresses — 96 low-density apartments on a tree-lined boulevard with SSIS and FV Hospital within easy reach and pink books fully issued. The all-3BR format (123–222 m²) and price premium (around 130M/m²) make it a selective buy for expat families and long-hold investors rather than a broad-market trade.
Homeowner: A strong homeowner choice in one of HCMC's most amenity-rich precincts. Saigon South International School (one of HCMC's top three internationally accredited schools) is 517m away, FV Hospital is 1.2km, and Crescent Mall is nearby — an amenity cluster that most boutique projects at this scale cannot match. The main livability compromise is boulevard noise from Tôn Dật Tiên, which partially offsets the otherwise canal-district feel. Priced 16% above the upper-mid peer median, so buyers are paying a meaningful premium for the Canal District address.
Investor: Solid resale liquidity in a high-demand PMH submarket, with pink books issued and an established expat tenant community sustaining long-duration leases. The catch: gross rental yields run around 2% at current asking prices — this is a capital-appreciation play, not an income story. The all-3BR format and premium pricing narrow the resale buyer pool. Infrastructure catalysts arriving 2028 (Thu Thiem 4 Bridge, Nguyen Huu Tho elevated road) strengthen the mid-term case.
| Market range | 85 triệu – 140 triệu/m² |
| Unit price | 12 tỷ – 21 tỷ |
| Rent | 22 triệu – 40 triệu/mo |
| Launch price | 35 triệu/m² |
| Project | Price | Distance |
|---|---|---|
| Garden Plaza 1 | 130 triệu/m² | — |
| Panorama | 120 triệu/m² | 0.1 km |
| Garden Plaza 2 | 123,5 triệu/m² | 0.2 km |
| Grand View | 101 triệu/m² | 0.2 km |
Resale prices for 3BR units have moved sharply upward in recent snapshots, with Garden Plaza 1's Canal District address and thin listing supply supporting prices well above the HCMC secondary market average.
| Developer | Công ty TNHH Phát triển Phú Mỹ Hưng |
| Status | Delivered 2007 |
| Total Units | 110 |
| Towers | 4 |
| Launch Date | 2006 |
| Handover | 2007 |
| Construction Permit | Approved |
| Pink Book | Issued |
| Pink Book % | 100% |
| Legal Notes | Pink books fully issued for all 96 residential apartments and 14 commercial shophouses. Vietnamese citizens hold permanent freehold ownership; foreign nationals are eligible for 50-year leasehold under Vietnamese law. Units trade freely on the secondary market with immediate title transfer. An HCMC Inspectorate conclusion (No. 09/TB-TTTP-P5, January 2025) found that Phu My Hung Development Company built beyond approved land allocations across the master plan and has not completed required public land handover obligations; no follow-up enforcement action targeting individual unit holders has been identified as of June 2026. Units with issued pink books at Garden Plaza 1 are not directly affected, but buyers should confirm with a lawyer that their specific unit carries no administrative follow-up risk. |
Garden Plaza 1
| CBD (peak) | 37 min |
| CBD (off-peak) | 23 min |
| Airport (peak) | 78 min |
| Airport (off-peak) | 54 min |
| Long Thành (peak) | 69 min |
| Long Thành (off-peak) | 57 min |
A long-established community of Korean, Japanese, and Taiwanese expatriates alongside affluent Vietnamese professionals and returnees. Ownership tenure is notably long — many residents have lived here for over a decade — reflecting the stability of Phú Mỹ Hưng's Canal District as a preferred expat address.
