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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.
Balanced for both homeowners and investors.
Mỹ Viên is a strong pick for families who value park life and school proximity over building newness — Nam Viên Park is within the development, two elite international schools are within a 5-minute walk, and pricing sits below newer PMH towers. The trade-offs are a ~16-year-old building in a high-noise corridor with no metro access; buyers should budget for interior renovation.
Homeowner: A solid choice for homeowners who want the Phú Mỹ Hưng lifestyle with genuine park access and elite school proximity at a price below newer PMH towers. Two top international schools are within a 5-minute walk, and the 2-hectare Nam Viên Park is within the development. The real tradeoffs: high ambient noise from Nguyễn Lương Bằng and nearby entertainment venues, a ~16-year-old building that will likely need interior renovation, and no metro — District 7 remains car-dependent.
Investor: The investment case is defensive rather than growth-oriented. Full pink books, a clear secondary market, and PMH brand provide reliable downside protection, but estimated gross rental yield of 2.5–3% is below the benchmark for income-focused investors. The 150-unit scale and predominantly self-use buyer profile limit secondary depth and investor exit pace. Metro Line 4 feasibility study is underway with a planned District 7 terminus near Nguyễn Văn Linh — if eventually built, it would be Phú Mỹ Hưng's first rail connection, but service is many years away.
| Market range | 53,9 triệu – 82,6 triệu/m² |
| Unit price | 5,12 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 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. 29 June 2026 re-check: searched Mỹ Viên sổ hồng, Mỹ Viên pháp lý, Phú Mỹ Hưng pink book — confirmed fully issued status unchanged. |
Mỹ Viên
| Airport (peak) | 76 min |
| Airport (off-peak) | 53 min |
| CBD (peak) | 41 min |
| CBD (off-peak) | 24 min |
| Long Thành (peak) | 72 min |
| Long Thành (off-peak) | 58 min |
Predominantly Vietnamese upper-middle-class families and professionals who prioritise green space, walkability, and the established Phú Mỹ Hưng community over high-rise views or newer building stock. The low-rise, park-fronting setting draws homeowners seeking a neighbourhood-like atmosphere within the PMH urban zone — though the high ambient noise is a factor prospective residents should verify on a site visit.
