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Explore VietnamPhú Mỹ Hưng Development Corporation
Delivered 2010 · Pink books 100%
One of the few low-rise apartment complexes in Phú Mỹ Hưng with direct frontage onto the 2-hectare Nam Viên Park — offering the park lifestyle within the established PMH address at a secondary-market price point well below newer towers.
Mỹ Viên is a low-rise condominium complex developed by Phú Mỹ Hưng Development Corporation within the Nam Viên sub-district of the Phú Mỹ Hưng master-planned township in Tân Phú Ward, District 7. The project comprises five 9-storey residential blocks on a 9,418 m² site, delivering 150 apartments ranging from 95 to 124 m² directly adjacent to the 2-hectare Nam Viên Park — the largest park within the Phú Mỹ Hưng urban zone. Situated on Nguyễn Lương Bằng Boulevard, the development forms part of the Nam Viên residential cluster alongside Cảnh Viên 1, Cảnh Viên 2, Mỹ Khang, and Green View, providing a walkable, park-fronting address at coordinates 10.7178°N, 106.7298°E in the established southern Phú Mỹ Hưng precinct.
Better for long-term living than for investing.
A fully titled, low-rise home beside the 2-hectare Nam Viên Park in established Phú Mỹ Hưng, priced near the mid-segment median at about 68M/m². The trade-offs are high ambient noise from nearby bars, heavy peak-hour traffic on Nguyễn Lương Bằng and a thin rental yield of roughly 2%.
Homeowner: A solid choice for homeowners who want a low-rise, park-fronting home in an established Phú Mỹ Hưng setting. Pink books are fully issued, the 2-hectare Nam Viên Park is next door and international schools and Crescent Mall are close, at a price near the mid-segment median. The trade-offs are heavy peak-hour traffic on Nguyễn Lương Bằng, a lively bar and karaoke strip that keeps noise high, and a slow bus-only trip to District 1.
Investor: A safe-title but modest-return holding. Full pink books and a steady resale price near 68M/m² reduce legal and pricing risk, yet rents of about 12-13M a month imply a gross yield near 2% and a 150-unit project offers limited resale depth. Metro Line 4 and the Bình Tiên bridge are long-dated, so returns rely on Phú Mỹ Hưng's established demand rather than a near-term catalyst.
| Market range | 58,6 triệu – 77,5 triệu/m² |
| Unit price | 6,7 tỷ – 9,83 tỷ |
| Rent | 12 triệu – 16,5 triệu/mo |
| Project | Price | Distance |
|---|---|---|
| Mỹ Viên | 68 triệu/m² | — |
| Aurora | 130 triệu/m² | 0.1 km |
| Garden Court 2 | 100 triệu/m² | 0.2 km |
| Garden Court 1 | 97 triệu/m² | 0.2 km |
| Hưng Phúc | 91,5 triệu/m² | 0.2 km |
| Developer | Phú Mỹ Hưng Development Corporation |
| Status | Delivered 2010 |
| Total Units | 150 |
| Towers | 5 |
| Handover | 2010 |
| Construction Permit | Approved |
| Pink Book | Issued |
| Pink Book % | 100% |
| Legal Notes | Completed project with pink books (sổ hồng) fully issued for all 150 residential units. Vietnamese nationals hold permanent freehold; foreign nationals eligible for 50-year leasehold under Phú Mỹ Hưng joint-venture land conditions. No known legal disputes. 8 Oct 2026 re-check: searched Mỹ Viên news and legal status; no change found. |
Mỹ Viên
| Airport (peak) | 69 min |
| Airport (off-peak) | 54 min |
| CBD (peak) | 32 min |
| CBD (off-peak) | 25 min |
| Long Thành (peak) | 65 min |
| Long Thành (off-peak) | 60 min |
Mostly Vietnamese upper-middle-class families and professionals who value green space, walkability and the established Phú Mỹ Hưng community over high-rise views. Family-friendly access to Nam Viên Park and the nearby international schools suits this profile, though noise-sensitive residents should weigh the nearby bars.
