Riverpark Residence - Riverside Condo in Phú Mỹ Hưng, District 7
Phú Mỹ Hưng Development Corporation
Delivered 2011 · Pink books issued
Riverside parkfront living with a rare ellipsoidal tower design — one of Phú Mỹ Hưng's most architecturally distinctive early projects, set directly opposite a 7,400 m² landscaped park
💰 14 tỷ – 17 tỷ📏 120 triệu/m²🏗️ Delivered 2011🏢 304 units
Riverpark Residence is a riverside apartment development by Phú Mỹ Hưng Development Corporation in the Cảnh Đồi (Hillview) district of Phú Mỹ Hưng, District 7. Designed by Axel Korn Architektur of Germany, the project comprises 290 apartments and 14 ground-floor retail units across three towers on a 16,747 m² site — two 26-storey rectangular blocks and one distinctive 13-storey ellipsoidal tower oriented to maximise river and parkfront views. An entire 3rd-floor podium is dedicated to landscaped gardens and swimming pools shared by all residents.
Area news
Riverpark Premier breaks ground in Hillview, District 7 — 268 apartments plus penthouses and shophouses across 3 blocks
Competitor · May 2026 · phumyhungcorp.com.vn
Neighborhood
88*
Family Score
Excellent
Family appeal is very strong here, anchored by walking access to SSIS — one of HCMC's top-ranked international schools, just 420m away. Little Genius International Kindergarten is 200m away, and a riverside park is on-site.
95
Leisure Score
Excellent
Leisure options are exceptionally varied in this part of Phú Mỹ Hưng. SC VivoCity is nearby, and a dense cluster of international restaurants and cafés lines the surrounding streets within 200–250m.
87
Convenience
Excellent
Daily essentials are well covered on foot. Aeon Citimart is a short walk away, supplemented by convenience stores within 300m for after-hours needs.
86
Health
Excellent
Medical access is solid for daily needs and specialist care. FV Hospital — one of HCMC's leading private hospitals — is nearby at 1.4km, and pharmacy chains and clinics are within a few minutes' walk.
74
Transit Access
Good
Bus access is solid, with the nearest stop roughly 440m away serving routes to central HCMC. The nearest metro station is Ben Thanh, 6.4km from the project.
94
Commute Ease
Excellent
34 min to Q1 Bến Thành via 102. 6 min walk to bus stop.
28
Nightlife
Below Avg
No dedicated nightlife scene exists in this residential precinct. The Cảnh Đồi area is oriented toward family living and international dining rather than late-night entertainment.
0
Quietness
Below Avg
Ambient noise levels are high in this part of Phú Mỹ Hưng. Several bars, karaoke venues, and busy restaurants operate within 400–600m, generating meaningful evening noise exposure particularly for lower-floor and street-facing units.
* Score includes on-site amenities that are planned or under construction, not yet open.
Domo Scores™
7.7
🏠 Homeowner
Good
7.4
📈 Investor
Solid
Balanced for both homeowners and investors.
Riverpark Residence is Phú Mỹ Hưng's most architecturally distinctive riverside boutique — the permanent park and river frontage, walking access to SSIS, and FV Hospital within 1.5km make it a strong long-term home for families, but the 2011 build vintage and high ambient noise require on-the-ground due diligence.
🏠 Homeowner
Value
6.7
Livability
7.8
Legal & delivery
8.7
Location & connectivity
7.7
📈 Investor
Value
6.7
Returns & exit
7.2
Legal & delivery
8.7
Location & demand
7.5
Why the scores differ
Homeowner: A solid choice for homeowners, particularly families who prioritise walking access to one of HCMC's top international school clusters. SSIS is 420m away and FV Hospital is under 1.5km — rare proximity anchors even within Phú Mỹ Hưng. The main tradeoffs are the 2011 build vintage and high ambient noise from bars and karaoke within 500m, which buyers should verify against their specific floor and unit orientation before committing.
Investor: The investment case here is steady rather than high-yield. Expat-family rentals anchored by SSIS consistently fill the building, but gross yields of roughly 3–3.5% fall below most investors' return hurdles. The boutique 290-unit supply creates a pricing floor in the secondary market, though the adjacent Riverpark Premier — under construction from 2026 — will compete for the same renter pool when it delivers.
Price & Market
Current Market Price
120 triệu/m²
📈+161% since launch
Market range
110 triệu – 140 triệu/m²
Unit price
14 tỷ – 17 tỷ
Rent
30 triệu – 65 triệu/mo
Launch price
46 triệu/m²
Est. Rental Yield3.7%
•🟢 Resale prices have appreciated from ~46M/m² at launch to ~120M/m² in 2026 — a 2.6× gain over 15 years, consistent with Phú Mỹ Hưng's sustained premium trajectory
•🟢 Park and river frontage are scarce in the PMH apartment inventory — this asset type commands a location premium over interior-facing towers in the same precinct
•🟡 Thin resale liquidity — 290-unit boutique supply means fewer transactions per year than larger PMH developments; price discovery is slower and sellers may wait longer for the right buyer
•🟡 Current asking prices sit 7% above the upper-mid peer median — buyers are paying for frontage; verifying comps specifically within the Hillview corridor is more relevant than cross-PMH averages
•🔴 Riverpark Premier (broke ground May 2026, adjacent in Hillview) introduces a newer-vintage competitor in the same riverside corridor — rental and resale pressure from this project should be monitored through 2027–2028
Last updated: June 2026
Is this a good deal?
🟢 ~20% cheaper than comparable projects
Project
Price
Distance
Riverpark Residence
120 triệu/m²
—
Riverpark Premier
150 triệu/m²
0.1 km
Should you buy here?
Best for:
✓Expat families who value walking access to SSIS and the established PMH international community
✓Homeowners wanting large 2–3BR apartments with park and river views in a low-density building
✓Buyers who prioritise a settled, mature community over new-build finishes
Not ideal for:
✗Buyers sensitive to noise or expecting a quiet residential environment — ambient noise levels are high
✗Compact-unit buyers or budget-constrained buyers — 123 m² minimum pushes total entry price above most affordable budgets
✗Daily commuters to District 1 — 30+ min drive even without peak-hour traffic
Market Trends
Resale asking prices have edged down slightly, with 3BR secondary listings slipping from ~125M to ~120M/m² between May and June 2026 — a thin-market adjustment rather than a structural shift.
Decision Factors
Strengths
✓Direct frontage on the 7,400 m² Cảnh Đồi park with river views beyond — a permanent, un-developable green buffer that newer PMH projects command a premium to replicate
✓SSIS 420m away (ranked in HCMC's top 3 international schools) and Little Genius International Kindergarten 200m — walkable from the front door, covering ages 2 through 18
✓Pink books issued for all residential units — confirmed by active secondary market listings in 2025–2026, with a straightforward exit path
✓290 apartments across 3 towers on 1.67 ha with an entire 3rd-floor podium dedicated to pools, gym, and gardens — a more generous amenity ratio than most PMH peers from the same era
Tradeoffs
!2011 construction — mechanical systems, lobby finishes, and common areas reflect a 15-year-old specification; buyers should budget for upgrades in any unit that has not been recently renovated
!All units start at 123 m² — no compact option exists, meaning the lowest entry price is approximately 14 billion VND and the buyer pool is structurally narrower than at mixed-size PMH towers
!Ambient noise is rated high — bars, karaoke, and busy restaurant venues operate within 400–600m; floor level and unit orientation should be verified before purchase
Watch items
?Riverpark Premier broke ground adjacent in Hillview in May 2026 — 268 apartments across 3 blocks at launch prices of 8.2–18 billion VND; when delivered, it will offer a newer-vintage alternative in the same riverside corridor and may affect Riverpark Residence resale pricing and rental competition
?Thu Thiem 4 Bridge (approved, groundbreaking targeted Q4 2026, completion end of 2028) will connect District 7 directly to Thu Duc City's tech and financial hub — a positive catalyst for District 7 land values, but not yet operational
?Verify noise exposure in person — visit the shortlisted unit at evening hours; upper floors and park-facing orientations differ materially from street-level and eastern-facing units
Unit Types
Apartments
2BR
2 Beds · 2 Baths · 123–128 m²
Under review
13,53 tỷ – 17,92 tỷ
120 triệu/m²
Rent: 47 triệu - 48 triệu/mo
Young families
3BR
3 Beds · 2–3 Baths · 129–165 m²
14 tỷ – 17 tỷ
120 triệu/m²
Rent: 30 triệu - 65 triệu/mo
Growing families
Penthouse
3–4 Beds · 3–4 Baths · 166–533 m²
Under review
≈ 19,92 tỷ – 63,96 tỷ est.
120 triệu/m²
Growing families
Shophouses
Shophouse
0 Beds · 1 Baths · 138–486 m²
Under review
≈ 16,56 tỷ – 58,32 tỷ est.
120 triệu/m²
Singles & couples
Project Details
Developer
Phú Mỹ Hưng Development Corporation
Status
Delivered 2011
Total Units
304
Towers
3
Legal Information
Launch Date
2009
Handover
2011-10
Construction Permit
Approved
Pink Book
Issued
Legal Notes
Pink books (sổ hồng) issued for all residential units — confirmed by active secondary market listings in 2025–2026. Phú Mỹ Hưng Development Corporation is the developer and ongoing estate manager. Long-term freehold ownership for Vietnamese citizens; 50-year leasehold for eligible foreign buyers. No legal disputes or permit issues identified. Searches conducted June 29, 2026: Riverpark Residence sổ hồng, Phú Mỹ Hưng Development Corporation pháp lý — no adverse findings.
Amenities
👨👩👧Family: Children's pool and landscaped play areas on the 3rd-floor podium level. The adjacent 7,400 m² Cảnh Đồi park provides additional outdoor space. Đinh Thiện Lý School and Singapore International School (SIS) are both within the Phú Mỹ Hưng zone, within 10 minutes by car. FV Hospital is approximately 3 km away.
🏋️Fitness: 3rd-floor podium amenity level with adult swimming pool and children's pool, landscaped relaxation gardens, and fitness facilities. The entire podium floor is dedicated to resident wellness, with open-air garden areas complementing the pool zone.
🏖️Lifestyle: 14 ground-floor retail units at the base of the towers serve the Hillview community. Crescent Mall and SC VivoCity — the two main retail destinations in Phú Mỹ Hưng — are approximately 5–10 minutes by car, providing a full range of dining, entertainment, and shopping options.
🛒Convenience: Three parking levels provide 336 car spaces and 795 motorbike spaces — generous ratios for the 290-unit building. Round-the-clock security across all access points. Elevator service in each of the three towers.
🏊 Pool🌳 Garden👶 Kids Pool🧒 Play Area🔒 Security🅿️ Car Parking🏋️ GymShophouse Street🏍️ Motorbike Parking
Hà Huy Tập Street — the project's primary address, a quiet residential lane within Phú Mỹ Hưng's HillviewNguyễn Đức Cảnh — the main boulevard fronting the adjacent 7,400 m² Cảnh Đồi park, connecting the Hillview precinct to central Phú Mỹ HưngNguyễn Văn Linh Parkway — the main east-west arterial for District 7, accessible in under 10 minutes
🔇 High Noise🌊 Low Flood🛣️ Near Highway
A well-established community of owner-occupying families, long-term expatriates, and business professionals drawn to Phú Mỹ Hưng's planned-community lifestyle. As one of the earlier riverside projects in the township, the building has a settled, low-turnover character. The resident mix skews toward Korean, Japanese, and Western expat families alongside Vietnamese executive households — reflecting the catchment of SSIS just 420m away.
Things to consider (not deal breakers)
⚠️ Traffic
The Cảnh Đồi area is a quieter residential pocket within Phú Mỹ Hưng, accessed via Hà Huy Tập and Ng...
The Cảnh Đồi area is a quieter residential pocket within Phú Mỹ Hưng, accessed via Hà Huy Tập and Nguyễn Đức Cảnh streets. Peak-hour congestion is moderate compared to the busier Nguyễn Lương Bằng corridor. Reaching Nguyễn Văn Linh — the main arterial — involves traversing internal PMH roads that can slow during school run hours.
→ Multiple PMH internal routes provide flexibility — Nguyễn Đức Cảnh and parallel laneways distribute traffic. The Hillview location is generally lighter in traffic than the central Crescent/Midtown axis.
🌊 Flood Risk
Located within Phú Mỹ Hưng's purpose-built drainage zone on elevated ground. The Cảnh Đồi canal runs...
Located within Phú Mỹ Hưng's purpose-built drainage zone on elevated ground. The Cảnh Đồi canal runs nearby and contributes to the riverside setting; minor surface pooling can occur during very heavy rain but persistent flooding is uncommon given PMH's drainage infrastructure.
→ PMH's elevated site levels and engineered drainage channels have historically kept this zone better protected than lower-lying parts of District 7.
Sub-zones
🏢
T1
0 listings
14 tỷ - 17 tỷ
110 triệu - 140 triệu/m²
🏢
T2
0 listings
14 tỷ - 17 tỷ
110 triệu - 140 triệu/m²
🏢
T3
0 listings
14 tỷ - 17 tỷ
110 triệu - 140 triệu/m²
Notable Places
3rd-Floor Amenity Podium
The entire 3rd floor of the development is a dedicated resident amenity podium with an adult swimming pool, a separate children's pool, landscaped relaxation gardens, and open-air terrace areas. Occupying the full footprint of the 3rd level across all three towers, this is a more generous amenity arrangement than most comparably scaled PMH projects from the same era.
Podium Fitness & Wellness Facilities
Fitness facilities on the 3rd-floor podium level, integrated within the wider resident amenity floor alongside the swimming pools and gardens. The whole-floor podium dedication gives these facilities more space than is typical for a boutique 290-unit project.
Explore Vietnam
Delivered 2011
