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0 of 3 delivered
Phú Mỹ Hưng Development Corporation & Nomura Real Estate Development
0 of 3 sub-zones delivered · 3 upcoming 2026
Phú Mỹ Hưng's first Northern township — a 197.76 ha low-rise urban area co-developed with Nomura on the Hanoi – Bắc Ninh axis, applying the Phú Mỹ Hưng Q7 planning playbook to the North.
A 197.76-hectare low-rise township in Song Liễu ward, Bắc Ninh city (formerly Xuân Lâm commune, Thuận Thành district), jointly developed by Phú Mỹ Hưng and Nomura Real Estate. The masterplan is Phú Mỹ Hưng's first project in the North, built around a 18-hectare central park and organized into three residential sub-zones — Hồng Phát, Hồng Thịnh, Hồng Phúc — with roughly 2,850 villas, townhouses and shophouses plus an on-site school ecosystem, clinic and commercial centre.
Balanced for both homeowners and investors.
Hồng Hạc City is a credible long-term buy for Hanoi and Bắc Ninh families who trust the Phú Mỹ Hưng and Nomura planning pedigree — an 18-hectare central park, roughly 28% density and a planned on-site school cluster are rare at this scale in the North. Buyers should weigh a community that does not exist yet, a 40–70 minute peak commute to central Hanoi, and pink books that are only partly issued.
Homeowner: A solid mid-term choice for homeowners who buy into the Phú Mỹ Hưng and Nomura planning model: an 18-hectare central park, roughly 28% construction density and eight planned on-site schools are rare at this scale in the North. The tradeoffs are a community that is still forming (first handover is set for 10 December 2026, with the schools, clinic and retail yet to be delivered), a 40–70 minute peak commute to central Hanoi, and pink books that are only partly issued (~35%).
Investor: A medium-term, catalyst-dependent play with thin near-term liquidity. Bắc Ninh's new centrally-administered city status and the Ring Road 4 section beside the site support the land story, but there are no resale or rental listings today and the tenant pool is mostly industrial-park executives. Rental income and exit depth should only become clearer after the first handovers.
| Unit price | 15 tỷ – 60 tỷ |
| Launch price | 135 triệu/m² |
| Project | Price | Distance |
|---|---|---|
| Hồng Hạc City | 135 triệu/m² | — |
| Vinhomes Ocean Park 2 (The Empire) | Comparable per-m² for comparable low-rise | Closer to Hanoi core but denser and more high-rise dominant |
| Him Lam Green Park | 15–20% lower entry on townhouses | In central Bắc Ninh city, handed over, smaller masterplan |
| Centa City Từ Sơn (VSIP) | 10–15% lower per-m² on semi-detached villas | Closer to Hanoi via QL1A corridor, compact 16 ha site |
Primary asking prices sit around 125–160 million VND/m² (typically about 135 million), with no resale evidence yet; the trajectory depends on Ring Road 4 and the Bắc Ninh city upgrade.
| Developer | Phú Mỹ Hưng Development Corporation & Nomura Real Estate Development |
| Status | 0 of 3 delivered |
| Total Units | 2844 |
| Construction Permit | Approved |
| Pink Book | Partial |
| Pink Book % | 35% |
| Legal Notes | Long-term freehold (sổ đỏ/sổ hồng) on all low-rise units, issued individually per owner. Over 1,000 low-rise units in the older-built section of Hồng Phát (~35% of the ~2,844 total) have received land use and ownership certificates. New F1-1 buyers (323 units, launched June 2025) will receive red books 1–3 months after handover, confirmed for December 10, 2026, upon completing the final 5% payment. F1-2 (397 units, launched May 27, 2026) follows the same pink book issuance sequence after its handover. Construction permit approved for Hồng Phát; Hồng Thịnh and Hồng Phúc follow the approved 1/500 masterplan. In April 2026, Phú Mỹ Hưng paid over 1,400 billion VND in land use fees for 65 ha of commercial land. Bắc Ninh administrative reorganisation (Thuận Thành communes merged into Song Liễu ward, Bắc Ninh city) does not affect pink book issuance per the developer. Project SPV ownership (August 2025): Nam Sài Gòn Residences (Phú Mỹ Hưng group) holds 50.978% and Nomura Real Estate Asia Pte. Ltd holds 49% — chartered capital VND 5,120 billion. Dedicated property-management company not yet announced as of June 2026. Re-checked October 2026: no new pink-book batch or management-company announcement found. |
Hồng Hạc City
| CBD (peak) | 63 min |
| CBD (off-peak) | 53 min |
| Airport (peak) | 71 min |
| Airport (off-peak) | 66 min |
Primarily upper-middle-class Northern buyers — Hanoi professionals, Bắc Ninh industrial executives, and repeat Phú Mỹ Hưng customers relocating from the South. Expected to be dominated by primary-residence and mid-term investor owners rather than short-term renters.
