Explore VietnamReal Estate
Explore VietnamCông ty TNHH Phát triển Phú Mỹ Hưng
Delivered 2019 · Pink books 100%
Four towers linked by a 5,000 m² second-floor amenity podium in the heart of Nam Viên, with views of Phú Mỹ Hưng's largest parks and the Mỹ Phú villa district.
Hưng Phúc - Happy Residence is a four-tower residential complex by Phú Mỹ Hưng Development Corporation — the developer's 37th project in the master-planned township and its 8th apartment project in the Nam Viên enclave. Located on Nguyễn Lương Bằng Avenue in Tân Mỹ Ward, HCMC, the four 19-storey towers (Blocks A–D) share a 5,000 m² second-floor amenity podium linking all buildings via covered walkways, housing the pool, gym, jacuzzi, a 250-metre walking path, and outdoor recreation areas. The 554 apartments range from 72 to 93 m² and face Nam Viên's parks, the Mỹ Phú villa district, and the Saigon River. Thirteen two-storey commercial units on the street level complete the ground-floor programme.
Better for long-term living than for investing.
Hưng Phúc is a proven Nam Viên address — 100% pink books issued, a 5,000 m² connected amenity podium across all four towers, and Sedbergh BCIS next door put it ahead of most upper-mid peers at this price point. The tradeoffs are compact unit sizes (max 93 m²), a gross yield of approximately 3%, and a car-dependent commute that persists until infrastructure catalysts materialise.
Homeowner: A strong pick for homeowners who prioritize setting and school access over unit size or metro convenience. Phú Mỹ Hưng's Nam Viên enclave delivers Sedbergh BCIS and Canadian International School next door, a park directly adjacent, and FV Hospital 2 km away — a combination that is genuinely rare for an apartment community at this price point. The honest tradeoffs are unit sizes capped at 93 m², a car-dependent commute, and ambient noise from nearby karaoke and bar venues that undercut the resort feel at street level.
Investor: A reliable income-and-hold case with thin yield upside. The active secondary market, fully issued pink books, and Phú Mỹ Hưng's expat and upper-mid tenant base give this project defensible liquidity — the same developer's Harmonie project absorbed 1,490 units in three sales tranches in early 2026, confirming sustained demand in the micro-market. Gross yield is approximately 3% at current prices, which is acceptable for the brand but not compelling for pure income investors, and the same developer's continuous new supply pipeline sets a structural ceiling on secondary price appreciation for older stock.
| Market range | 80 triệu – 102 triệu/m² |
| Unit price | 6,6 tỷ – 9,7 tỷ |
| Rent | 14 triệu – 28 triệu/mo |
| Launch price | 31,5 triệu/m² |
| Project | Price | Distance |
|---|---|---|
| Hưng Phúc | 91 triệu/m² | — |
| Garden Court 1 | 97 triệu/m² | 0 km |
| Garden Court 2 | 100 triệu/m² | 0 km |
| Aurora | 130 triệu/m² | 0.1 km |
Secondary prices are stable to softening slightly, tracking around 88–91M/sqm across unit types — a meaningful discount to the upper-mid HCMC peer median.
| Developer | Công ty TNHH Phát triển Phú Mỹ Hưng |
| Status | Delivered 2019 |
| Total Units | 554 |
| Towers | 4 |
| Launch Date | 2016 |
| Handover | 2019 |
| Construction Permit | Approved |
| Pink Book | Issued |
| Pink Book % | 100% |
| Legal Notes | All 554 residential apartments have been delivered and pink books are widely in circulation; resale listings as of 2025–2026 routinely show sổ hồng cầm tay. Vietnamese citizens hold freehold long-term ownership; foreign buyers receive a 50-year renewable leasehold. Thirteen commercial units carry permanent red books (sổ đỏ). Vietcombank was the financial guarantor at launch in 2016. Developed by Phú Mỹ Hưng Development Corporation on Lot S10-2, Khu A, Phú Mỹ Hưng urban area, Tân Mỹ Ward, HCMC (formerly Tân Phú Ward, District 7 — administrative address changed July 1, 2025 per national administrative merger). No legal disputes or construction permit issues found as of June 2026. |
Hưng Phúc
| CBD (peak) | 38 min |
| CBD (off-peak) | 24 min |
| Airport (peak) | 75 min |
| Airport (off-peak) | 55 min |
| Long Thành (peak) | 73 min |
| Long Thành (off-peak) | 59 min |
Predominantly upper-middle-class Vietnamese families drawn to Phú Mỹ Hưng's master-planned environment and the Nam Viên enclave's school density and park access. A Korean and Japanese expatriate community within the broader Phú Mỹ Hưng area adds a stable rental base.
