Garden Plaza 2 - Luxury Apartments in Phu My Hung District 7
Công ty TNHH Phát triển Phú Mỹ Hưng
Delivered 2008 · Pink books issued
38-unit boutique luxury complex with 59% green space and spacious 3BR apartments in Phú Mỹ Hưng's Kênh Đào enclave
💰 12,99 tỷ – 24,6 tỷ📏 118,3 triệu/m²🏗️ Delivered 2008🏢 38 units
Garden Plaza 2 is a boutique luxury apartment complex by Phú Mỹ Hưng Development Corporation on Tôn Dật Tiên Avenue in the Kênh Đào enclave of Phú Mỹ Hưng, District 7. The 3,084 m² site features two low-rise residential blocks of 4 and 8 floors with 38 spacious 3-bedroom apartments ranging from 138 to 204 m², surrounded by 59% green space and a decorative pond connecting both blocks.
Neighborhood
88*
Family Score
Excellent
Family appeal is strong. Saigon South International School (SSIS), one of HCMC's top private primary schools, is about 650 m away, and the on-site Green Plaza plus Crescent Lake Park (350 m) give children outdoor space close to home.
96
Leisure Score
Excellent
Leisure options are deep and walkable. Cafés, casual restaurants and a gym sit within a few minutes' walk, and Crescent Mall, one of HCMC's major malls, is nearby for larger retail.
85
Convenience
Excellent
Daily convenience is strong. An Aeon Citimart supermarket is next door, and banks and grocery stores lie within about 460 m, so routine errands rarely need a car.
81
Health
Excellent
Medical access is strong for a residential address. A clinic is next door and FV Hospital, one of HCMC's leading hospitals, is about 1.1 km away, with dental clinics and a pharmacy within a few hundred metres.
73
Transit Access
Good
The nearest bus stop is about 280 m away and a Crescent Mall stop about 830 m, but Ben Thanh metro station is 7.4 km away.
81
Commute Ease
Excellent
39 min to Q1 Bến Thành via 102. 13 min walk to bus stop.
19
Nightlife
Below Avg
Nightlife is effectively absent: there is no dedicated bar or club district and no concentration of late-night venues in the immediate area. Evenings are residential in character, centred on cafés and dining rather than a going-out scene.
30
Quietness
Below Avg
Quietness is the main weakness here, with ambient noise rated high. Several bars and late-night venues lie within roughly 1 km, so unit orientation and floor matter for light sleepers.
* Score includes on-site amenities that are planned or under construction, not yet open.
Domo Scores™
7.5
🏠 Homeowner
Good
7
📈 Investor
Solid
Better for long-term living than for investing.
A small, low-density boutique in Phú Mỹ Hưng's Kênh Đào area: 38 spacious 3-bedroom apartments with issued pink books, 59.64% green coverage, and SSIS, Crescent Lake Park and FV Hospital close by. The tradeoffs are an 18-year-old building, high ambient noise, a gross rental yield of only about 2%, and thin liquidity that makes exits slow.
🏠 Homeowner
Value
6.7
Livability
7.8
Legal & delivery
8.4
Location & connectivity
7.3
📈 Investor
Value
6.7
Returns & exit
6.4
Legal & delivery
8.4
Location & demand
7.2
Why the scores differ
Homeowner: A solid choice for homeowners who want a small, low-density Phú Mỹ Hưng address with plenty of space. Pink books are issued, 59% of the site is green, and SSIS, Crescent Lake Park and FV Hospital are all close. The tradeoffs are an 18-year-old building, high ambient noise, 3-bedroom-only units and bus- or car-based commuting.
Investor: A title-safe hold for capital growth rather than an income play. Fully issued pink books and an expat tenant pool support the exit, and resale prices sit far above the launch level, but a rent of about 35M per month against a 14.7-24.6 billion VND unit means gross yield of only about 2%. With just 38 all-3BR units, listings are few and a sale can take time.
Price & Market
Current Market Price
118,3 triệu/m²
📈+178% since launch
Market range
99 triệu – 137 triệu/m²
Unit price
12,99 tỷ – 24,6 tỷ
Rent
27 triệu – 49 triệu/mo
Launch price
42,5 triệu/m²
Est. Rental Yield2.4%
•🟢 Pink books are issued and the building has been delivered since 2008, so there is no completion or legal-gate risk; the October 2026 legal re-check found no new developments
•🟢 The Thu Thiem 4 Bridge is approved and fully funded with completion targeted for Q4 2028, linking the Nguyễn Văn Linh corridor in Tân Thuận to Thu Thiem and shortening trips to the eastern business district
•🟡 Project-level 3BR resale pricing of about 113M/m² sits at or modestly above the upper-mid peer median of about 110M/m²; CBRE (May 2026) reports former-HCMC condo secondary prices up 32.3% year on year, a supportive backdrop, though this project already prices well above the city secondary average of about 67M/m²
•🟡 A rent of about 35M per month gives a gross yield of roughly 2%, while CBRE (May 2026) puts floating mortgage rates at 12-15%, so leveraged buyers should expect negative carry
•🔴 Liquidity is thin: only 38 apartments in an all-3BR format mean few resale listings at any time, and the project-level price snapshot is low-confidence, so price discovery is slow
Last updated: October 2026
Is this a good deal?
🟢 ~8% cheaper than comparable projects
Project
Price
Distance
Garden Plaza 2
118,3 triệu/m²
—
Garden Plaza 1
130 triệu/m²
0.2 km
Panorama
127 triệu/m²
0.2 km
Should you buy here?
Best for:
✓Expat and affluent local families who want a Phú Mỹ Hưng address near SSIS
✓Long-term homeowners who value 138-204 m² of space, 59% green coverage and a small 38-unit building
✓Car-owning households comfortable without a nearby metro station
Not ideal for:
✗Buyers who need a 1BR, 2BR or 4BR+ unit or a smaller ticket size
✗Noise-sensitive buyers who want a quiet street
✗Daily commuters to District 1 who want metro access
Market Trends
The latest project-level 3BR resale snapshot reads about 113M/m² (range roughly 106-121M/m², about 14.7-24.6 billion VND per unit), up from about 102M/m² in March, but it is low-confidence thin-sample data and should be treated as indicative rather than a re-rating.
Decision Factors
Strengths
✓Pink books are issued and the building has been delivered since 2008; a legal re-check in October 2026 found no new developments, so title transfer on the secondary market is straightforward
✓Low-density boutique scale: 38 apartments in two low-rise blocks (4 and 8 floors) around a 740 m² plaza with a pond, 59.64% green coverage, a 184 m² pool and 1:1 car parking
✓School, park, mall and hospital needs sit close by: SSIS about 650 m, Crescent Lake Park about 350 m, Crescent Mall about 730 m, FV Hospital about 1.1 km, with a supermarket and clinic next door
✓Flood risk is low thanks to the township's engineered drainage in the Kênh Đào area
Tradeoffs
!Ambient noise is rated high: bars and late-night venues within roughly 1 km keep evenings lively rather than quiet
!All-3BR format (138-204 m² apartments) in just 38 units narrows both the buyer pool and the tenant pool
!A rent of about 35M per month against a 14.7-24.6 billion VND unit implies a gross yield of only about 2%, and there is no metro station nearby, so commutes stay bus- or car-based
Watch items
?Price evidence is thin: the project-level 3BR resale snapshot is about 113M/m² (range roughly 106-121M/m², low confidence) while block-level readings from June ran about 123.5M/m², so confirm current comps with a broker before bidding
?The building dates from 2008, so inspect fittings and systems and ask KyTa about maintenance history; no resident-review digest is available to confirm day-to-day management quality
?Metro Line 7 through Phú Mỹ Hưng and the Vingroup Cần Giờ elevated metro are still only proposed with no construction approval, so do not price in near-term metro access
Unit Types
3BR
3 Beds · 2 Baths · 138–204 m²
Under review
≈ 16,32 tỷ – 24,12 tỷ est.
118,3 triệu/m²
Growing families
Project Details
Developer
Công ty TNHH Phát triển Phú Mỹ Hưng
Status
Delivered 2008
Total Units
38
Towers
2
Legal Information
Launch Date
2006
Handover
2008
Pink Book
Issued
Legal Notes
Long-term ownership for Vietnamese citizens. Pink books (sổ hồng) issued and transactable on the secondary market; resale listings cite complete sổ hồng. No disputes or legal blockages found. Managed by KyTa (Singapore) since the 2008 handover. Developer is Phú Mỹ Hưng Development Corporation. Re-checked October 2026 (Garden Plaza 2 project searches): no new legal developments; status unchanged.
Amenities
👨👩👧Family: The 12 m² children's pool on the 3rd floor supports families with young children. Phú Mỹ Hưng's international schools, parks, and cycling paths are within easy walking distance.
🏋️Fitness: The 3rd-floor pool deck features a 184 m² adult swimming pool alongside the children's pool, with a relaxation terrace. A fitness center is available on-site for residents.
🏖️Lifestyle: Four ground-floor retail shops provide convenient dining and services without leaving the complex. The 740 m² green plaza with a decorative pond between blocks serves as a communal social space.
🛒Convenience: Basement parking accommodates 38 vehicles at a 1:1 ratio and 95 motorcycles. Card-access entry and 24/7 security cameras with professional guards cover all common areas.
Tôn Dật Tiên Avenue — main boulevard of Phú Mỹ Hưng with direct access to Nguyễn Văn LinhNguyễn Văn Linh Boulevard — connects District 7 to Bình Chánh and central HCMC, about 5 minutes by car
🔇 High Noise🌊 Low Flood🛣️ Not Near Highway
Primarily expatriates, diplomats, and senior Vietnamese professionals who value the Phú Mỹ Hưng lifestyle — international schools, clean streets, and a low-density, green setting. The 38-unit scale creates a close-knit building community.
Things to consider (not deal breakers)
⚠️ Traffic
Tôn Dật Tiên itself stays relatively clear, but Nguyễn Văn Linh sees moderate congestion at peak hou...
Tôn Dật Tiên itself stays relatively clear, but Nguyễn Văn Linh sees moderate congestion at peak hours between the Tân Thuận and Bình Chánh interchanges.
→ Multiple internal Phú Mỹ Hưng roads provide alternative routes to bypass peak-hour bottlenecks on Nguyễn Văn Linh.
🌊 Flood Risk
The Kênh Đào area of Phú Mỹ Hưng benefits from the township's engineered drainage system, which sign...
The Kênh Đào area of Phú Mỹ Hưng benefits from the township's engineered drainage system, which significantly reduces flooding risk compared to other parts of District 7.
→ Phú Mỹ Hưng's master-planned drainage infrastructure has historically kept the area drier than surrounding District 7 neighborhoods.
Sub-zones
🏢
Block A
0 listings
12,99 tỷ - 19,5 tỷ
99 triệu - 137 triệu/m²
🏢
Block B
0 listings
12,99 tỷ - 19,5 tỷ
99 triệu - 137 triệu/m²
Notable Places
3rd-Floor Pool Deck
Podium pool deck on the 3rd floor with a 184 m² adult pool and 12 m² children's pool, accompanied by a relaxation terrace. Among the more generously sized pool facilities in Phú Mỹ Hưng's boutique residential segment.
Green Plaza
740 m² landscaped plaza with a decorative pond connecting Block A and Block B. The garden contributes to a 59.64% green coverage ratio across the 3,084 m² site — giving the small complex an open, park-like atmosphere uncommon in urban District 7.
Explore Vietnam
Delivered 2008
