Delivered 2008

Garden Plaza 2 - Luxury Apartments in Phu My Hung District 7

Name: Garden Plaza 2
Address: VN

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 – 19,5 tỷ📏 123,5 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 very strong here. Saigon South International School — one of HCMC's top international schools — is nearby, and Crescent Lake Park is within walking distance alongside the on-site Green Plaza.

96

Leisure Score

Excellent

Lifestyle amenities are strong throughout this stretch of Phú Mỹ Hưng. Crescent Mall is nearby, and a dense mix of well-reviewed cafés, casual dining, and a gym fills the immediate walking radius.

85

Convenience

Excellent

Daily essentials are well covered. Aeon Citimart is next door, and a range of smaller grocery stores and specialty food retailers fill the surrounding streets.

81

Health

Excellent

Medical access is solid. A clinic is next door for routine care, and FV Hospital — one of HCMC's most-reviewed general hospitals — sits 1.1km away for specialist consultations.

73

Transit Access

Good

Bus access is reasonable, with a stop roughly 280m away connecting to central HCMC routes. The nearest metro station (Ben Thanh) is 7.4km — making this a car or bus-dependent location today.

81

Commute Ease

Excellent

39 min to Q1 Bến Thành via 102. 13 min walk to bus stop.

19

Nightlife

Below Avg

There is no dedicated nightlife district in this part of Phú Mỹ Hưng. The neighbourhood is predominantly residential and family-oriented, without a concentration of late-night bars or clubs.

30

Quietness

Below Avg

Ambient noise is high along this stretch of Phú Mỹ Hưng. Tôn Dật Tiên Avenue is a busy main boulevard, and the presence of bars and dining venues in the surrounding streets adds to the evening soundscape.

* Score includes on-site amenities that are planned or under construction, not yet open.

Domo Scores™

7.5

🏠 Homeowner

Good

6.9

📈 Investor

Solid

Better for long-term living than for investing.

A well-located boutique in Phú Mỹ Hưng's Kênh Đào enclave, offering rare 59% green coverage and generously sized 3BR apartments within walking distance of SSIS and Crescent Mall. Very limited supply means units appear infrequently on the market and command a premium over typical District 7 pricing.

🏠 Homeowner

Value

6.3

Livability

8

Legal & delivery

8.4

Location & connectivity

7.3

📈 Investor

Value

6.3

Returns & exit

6.3

Legal & delivery

8.4

Location & demand

7.2

Why the scores differ

Homeowner: A solid choice for homeowners who value a managed, family-oriented enclave. SSIS International School is a 650m walk, Crescent Mall is nearby, and FV Hospital is 1.1km away — an unusually complete amenity set for a project of only 38 units. The trade-off is a premium asking price (around 16% above the upper-mid peer median) and persistent ambient noise from Tôn Dật Tiên boulevard.

Investor: The investment case here is capital preservation through scarcity, not income. Expat families do rent 3BR apartments in Phú Mỹ Hưng, but at advertised rents of 27–49M/month against asking prices of 123.5M/m², gross yields run below 3% — making this a poor fit for yield-seeking buyers. Resale supply is extremely thin and transactions infrequent, so exit timing is unpredictable.

Price & Market

Current Market Price

123,5 triệu/m²

📈 +191% since launch

Market range	99 triệu – 137 triệu/m²
Unit price	12,99 tỷ – 19,5 tỷ
Rent	27 triệu – 49 triệu/mo
Launch price	42,5 triệu/m²

Est. Rental Yield2.8%

•🟢 Pink books fully issued and secondary market is active per June 2026 listing records — legal risk is minimal for buyers
•🟢 Extremely limited supply (38 units across two blocks) has historically supported stable values and low vacancy rates for expat tenants in Phú Mỹ Hưng
•🟡 At 123.5M/m² typical, resale listings sit about 16% above the upper-mid peer median — buyers should verify individual comps before anchoring to this level
•🟡 Resale prices rose approximately 10% from March to June 2026 — positive momentum, but the thin sample means a single transaction can shift the reading significantly
•🔴 Gross rental yields run approximately 2–2.5% based on advertised rents against current asking prices — the income case is weak and this project suits long-hold or owner-occupier strategies

Last updated: June 2026

Is this a good deal?

🟢 ~1% cheaper than comparable projects

Project	Price	Distance
Garden Plaza 2	123,5 triệu/m²	—
Garden Plaza 1	130 triệu/m²	0.2 km
Panorama	120 triệu/m²	0.2 km

Should you buy here?

Best for:

✓Expat families with children enrolled or planning to enrol at Phú Mỹ Hưng international schools
✓Senior Vietnamese professionals or diplomats seeking a low-density boutique address in a managed township
✓Long-term owner-occupiers who value space (138–204 m²) and generous green surroundings over unit count

Not ideal for:

✗Buyers who are noise-sensitive — boulevard-facing units will require upgraded glazing
✗Buyers requiring 1BR or 2BR options — the project is 3BR only

Market Trends

Resale prices at Garden Plaza 2 rose around 10% between March and June 2026, reflecting tightening supply; the market is too thin for that move to be read as a confirmed trend.

Decision Factors

Strengths

✓Pink books fully issued and no recorded legal disputes — clean title in a completed 2008 project managed by KyTa (Singapore)
✓SSIS — ranked top 3 international schools in HCMC — sits 650m away, giving families a walkable school run
✓59% green coverage on site with on-site pool facilities — unusually generous for an urban District 7 plot
✓Phú Mỹ Hưng township infrastructure — engineered drainage, well-maintained streets, and established expat community — creates sustained long-term demand

Tradeoffs

!Asking prices sit roughly 16% above the upper-mid peer median — buyers are paying a Phú Mỹ Hưng scarcity premium that may limit capital upside
!2008 construction — some units require cosmetic and systems renovation before move-in, adding to the effective acquisition cost

Watch items

?Secondary market is extremely thin (38 units total) — verify that comparable transactions exist at asking price before committing; a single motivated listing can shift the price snapshot
?Ambient noise from Tôn Dật Tiên boulevard is persistent — inspect unit orientation and glazing quality before purchase, as garden-facing units are materially quieter than boulevard-facing ones
?Thu Thiem 4 Bridge (approved, targeting Q4 2028) will shorten the eastern-district commute but is not yet open — factor this connectivity improvement into any medium-term hold thesis

Unit Types

3BR

3 Beds · 2 Baths · 138–204 m²

12,99 tỷ – 19,5 tỷ

123,5 triệu/m²

Rent: 27 triệu - 49 triệu/mo

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) confirmed issued; units are fully transactable on the secondary market. No legal blockages or disputes found in June 2026 refresh. Managed by KyTa (Singapore) since Q4 2008 handover. Developer is Phú Mỹ Hưng Development Corporation (Công ty TNHH Liên doanh Phú Mỹ Hưng). Searches conducted this run: Garden Plaza 2 sổ hồng, Garden Plaza 2 pháp lý, KyTa quản lý, Phú Mỹ Hưng Development pháp lý — no disputes or blocking issues found.

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.

🏊 Pool🌳 Garden👶 Kids Pool🔒 Security🅿️ Car Parking🏋️ GymGenerator Backup🏍️ Motorbike Parking

Location & Commute

Explore on map

Garden Plaza 2

24 min

District 1 CBD

54 min

Tân Sơn Nhất Airport

58 min

Long Thành Airport

CBD (peak)	38 min
CBD (off-peak)	24 min
Airport (peak)	79 min
Airport (off-peak)	54 min
Long Thành (peak)	69 min
Long Thành (off-peak)	58 min

🚇

Metro

Ben Thanh Station

7.4km

🛍️

Mall

Crescent Mall

Nearby

🛒

Supermarket

Aeon Citimart (Tan Phong)

Next door

🏫

Schools

Saigon South International School (SSIS)

Nearby

🏥

Hospitals

SIHG clinic

Next door

🌳

Park

Green Plaza

On-site

Major Roads

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 drawn to Phú Mỹ Hưng for its international schools, clean streets, and managed environment. The 38-unit scale creates a close-knit resident community with low annual turnover.

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

3BR resale listings range from 99–137M/m² with a mid-point around 123.5M/m²; supply is thin and well-priced units tend to move without extended time on market.

🏢

Block B

0 listings

12,99 tỷ - 19,5 tỷ

99 triệu - 137 triệu/m²

3BR listings match Block A at 99–137M/m², typical 123.5M/m²; with only 38 units across both blocks combined, the two data sets overlap and individual listings drive the reading.

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.

Projects by Developer

Hưng Phúc 2019 · 554 units
Nam Phúc Le Jardin 2017 · 241 units
Star Hill 2014 · 411 units
Garden Court 2 2009 · 90 units
Garden Court 1 2009 · 103 units
Garden Plaza 1 2007 · 110 units
Hưng Thái
Hưng Vượng 3
Nam Long 1
Mỹ Đức Apartment

Growth Catalysts

🚧Thu Thiem 4 Bridge: contract award before 2 Jul 2026, on-site construction starts 2 Sep 2026, opens Q4 2028 (2028)
🚀Metro Line 7 (Tân Kiên – Vinhomes Grand Park, 51 km): route rerouted through Phú Mỹ Hưng and Thu Thiem new admin centre (2030)
🚀Vingroup proposes 250 km/h elevated metro from District 7 (Phú Mỹ Hưng) to Cần Giờ — $4B+ project (2031)
🚀Metro Line 4 (Hóc Môn–Nhà Bè, 47 km): Sovico targets Q1 2027 construction start (2035)