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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.
Better for long-term living than for investing.
A mature, low-density boutique on Phú Mỹ Hưng's Tôn Dật Tiên boulevard: 96 spacious 3-bedroom apartments with fully issued pink books and SSIS, Crescent Lake Park and FV Hospital close by. The tradeoffs are a 2007 building, high ambient noise, a price above comparable upper-mid projects and a gross rental yield of only about 1.5-3%.
Homeowner: A solid choice for homeowners who want an established, low-density Phú Mỹ Hưng address. Pink books are fully issued, the pool, garden, supermarket and clinic cover daily needs, and SSIS and Crescent Lake Park are a short walk or ride away. The tradeoffs are a 2007 building, boulevard noise on the Tôn Dật Tiên frontage, 3-bedroom-only units and a price above comparable upper-mid projects.
Investor: A title-safe capital-growth hold rather than an income play. Fully issued pink books and a steady expat tenant pool support the exit, and resale prices sit far above the launch level, but rents of about 19-33M per month against 16-20 billion VND units mean gross yield of only roughly 1.5-3%. With just 96 units and an all-3BR format, listings are few and a sale can take time.
| 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 | 127 triệu/m² | 0.1 km |
| Garden Plaza 2 | 118,3 triệu/m² | 0.2 km |
| Grand View | 98 triệu/m² | 0.2 km |
Resale snapshots anchor around 130M/m² for 3BR units (project-level typical about 131M/m², roughly 19-20 billion VND), and the apparent jump from an earlier ~80M/m² reading likely reflects a wide, thin listing sample rather than a re-rating.
| 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 October 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) | 30 min |
| CBD (off-peak) | 23 min |
| Airport (peak) | 66 min |
| Airport (off-peak) | 50 min |
| Long Thành (peak) | 63 min |
| Long Thành (off-peak) | 59 min |
A mix of Korean, Japanese and Taiwanese expatriates alongside affluent Vietnamese professionals and returnees. The Canal District is one of Phú Mỹ Hưng's most established residential pockets, and ownership tenure tends to be long, with many residents having lived here for over a decade.
