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
💰 14,5 tỷ – 18,8 tỷ📏 130 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 strong. SSIS, one of HCMC's top international schools, is about 420 m away, a private kindergarten sits roughly 190 m off, and the adjacent 7,400 m² Cảnh Đồi park gives children outdoor space.
95
Leisure Score
Excellent
Leisure options are deep and mostly walkable. SC VivoCity is about 0.7 km away, a broad mix of international restaurants and cafés sits within a few minutes on foot, and a podium gym and pools are inside the project.
87
Convenience
Excellent
Daily convenience is strong. Aeon Citimart is a short walk away, and SC VivoCity, about 0.7 km off, covers bulk shopping, banking and services.
86
Health
Excellent
Medical access is strong. FV Hospital is about 1.4 km away for full hospital care, and dental and dermatology clinics plus chain pharmacies are within a few minutes' walk for routine needs.
74
Transit Access
Good
Walking access is bus-based, with stops about 440 m away and the nearest metro station, Ben Thanh, 6.4 km away.
94
Commute Ease
Excellent
34 min to Q1 Bến Thành via 102. 6 min walk to bus stop.
28
Nightlife
Below Avg
There is no dedicated nightlife district here. Evenings are residential and dining-led, with only scattered small bars rather than a concentrated late-night scene.
0
Quietness
Below Avg
This is not a quiet address. Several bars and karaoke venues sit within a few hundred metres, and the area's noise level is rated high, even though the street itself is residential.
* Score includes on-site amenities that are planned or under construction, not yet open.
Domo Scores™
7.6
🏠 Homeowner
Good
7.2
📈 Investor
Solid
Better for long-term living than for investing.
A low-density, park-fronting riverside condo in an established Phú Mỹ Hưng precinct, with pink books issued and SSIS about 420 m away. The tradeoff is a premium price for a 2011 building while the newer Riverpark Premier is under construction next door.
🏠 Homeowner
Value
6.3
Livability
8
Legal & delivery
8.7
Location & connectivity
7.7
📈 Investor
Value
6.3
Returns & exit
6.8
Legal & delivery
8.7
Location & demand
7.5
Why the scores differ
Homeowner: A good choice for homeowners who want a settled, low-density riverside address. Pink books are issued, SSIS and SC VivoCity are within about 700 m, and the adjacent 7,400 m² park plus a full podium floor of pools and gardens give more outdoor space than most older Phú Mỹ Hưng towers. The tradeoffs are a 2011 building that may need renovation, a price above comparable projects, and a high area-noise rating from nearby bars and karaoke.
Investor: The case rests on stability rather than upside. Pink books are issued and expat families give a dependable tenant pool, but rents of roughly 38-69M VND/month on 14.5-18.8bn VND units imply yields near 3-4%, and resale is thin in a 290-apartment building. Riverpark Premier, now under construction next door with quoted 3BR launch prices well below this building's resale, is the main threat to pricing power.
Price & Market
Current Market Price
130 triệu/m²
📈+183% since launch
Market range
107 triệu – 146 triệu/m²
Unit price
14,5 tỷ – 18,8 tỷ
Rent
33 triệu – 65 triệu/mo
Launch price
46 triệu/m²
Est. Rental Yield3.5%
•🟢 Pink books are issued and the building has been handed over since 2011, so legal and delivery risk is low compared with newer off-plan stock.
•🟢 Resale pricing of about 130M VND/m² compares with roughly 46M VND/m² at the 2011 launch, and sits far above the former-HCMC condo secondary average of about 67M VND/m² reported by CBRE (May 2026), reflecting the park-and-river frontage and Phú Mỹ Hưng premium.
•🟡 At about 130M VND/m², pricing is above the upper-mid peer median of roughly 110M VND/m², so much of the location premium is already in the price.
•🔴 Riverpark Premier, a newer-vintage project that broke ground next door in May 2026, is quoted at about 8.2-12bn VND for a roughly 130 m² 3BR, well below the 14.5-18.8bn VND asking range here, which could cap resale pricing power once it delivers.
•🟡 Thu Thiem 4 Bridge (approved, groundbreaking targeted Q4 2026, completion around end-2028), Cần Giờ Bridge (under construction, targeted 2029) and the opened sections of Ring Road 3 are forward connectivity catalysts for District 7, but none directly changes this site's access today.
Last updated: October 2026
Is this a good deal?
🟢 ~13% cheaper than comparable projects
Project
Price
Distance
Riverpark Residence
130 triệu/m²
—
Riverpark Premier
150 triệu/m²
0.1 km
Should you buy here?
Best for:
✓Expat and executive families who want SSIS and an established Phú Mỹ Hưng community within a short distance
✓Homeowners who want large 2-3BR apartments with park and river outlook
Not ideal for:
✗Buyers who need compact or lower-priced units, or want brand-new finishes
✗Noise-sensitive homeowners, given the bars and karaoke within a few hundred metres
Market Trends
Resale asking prices are holding around 130M VND/m² (range roughly 107-146M), with slight softness in 3BR snapshots, while newer adjacent supply is the main variable to watch.
Decision Factors
Strengths
✓Low-density riverside setting: 290 apartments across three towers on 1.67 ha, fronting a 7,400 m² park, with a whole podium floor of pools and gardens.
✓Clean legal position: pink books are issued, and Phú Mỹ Hưng Development Corporation is both developer and estate manager.
✓Strong daily-life access: SSIS about 420 m, SC VivoCity about 0.7 km, an Aeon Citimart a short walk away and FV Hospital about 1.4 km.
✓A settled community of long-term expat and executive families supports rental demand and a stable resident base.
Tradeoffs
!Typical resale pricing is about 130M VND/m² (range roughly 107-146M), a premium to comparable upper-mid projects, and units start at 123 m², so entry tickets run about 14.5-18.8bn VND.
!A 2011 build means 15-year-old common areas and building systems, so budget for renovation of units that have not been upgraded; the maintenance fee is about 1 USD/m²/month.
!The area carries a high noise rating from nearby bars and karaoke, and daily commuting is bus-based: about 34 minutes to Q1 Bến Thành, with the nearest metro station 6.4 km away.
Watch items
?Riverpark Premier (268 apartments plus penthouses and shophouses) broke ground next door in May 2026, with quoted 3BR launch prices of about 8.2-12bn VND for roughly 130 m². Check its handover timing and compare it against resale asking prices here before paying a premium.
?No resident review digest is available, so ask the management board about elevator reliability, fire-safety systems, water quality, security and the maintenance fund before buying.
?Asking prices vary widely by floor, view and renovation condition, and 3BR resale snapshots slipped slightly between May and June 2026, so verify recent comparable sales for the exact unit.
Unit Types
Apartments
2BR
2 Beds · 2 Baths · 123–128 m²
Under review
≈ 15,99 tỷ – 16,64 tỷ est.
130 triệu/m²
Young families
3BR
3 Beds · 2–3 Baths · 129–165 m²
14,5 tỷ – 18,8 tỷ
125 triệu/m²
Rent: 33 triệu - 65 triệu/mo
Growing families
Penthouse
3–4 Beds · 3–4 Baths · 166–533 m²
Under review
≈ 21,58 tỷ – 69,29 tỷ est.
130 triệu/m²
Growing families
Shophouses
Shophouse
0 Beds · 1 Baths · 138–486 m²
Under review
≈ 17,94 tỷ – 63,18 tỷ est.
130 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 through August 2026 on batdongsan.com.vn. Phú Mỹ Hưng Development Corporation is developer and estate manager. Long-term ownership for Vietnamese citizens; 50-year term for eligible foreign buyers. Searches on 8 Oct 2026 found no legal disputes or permit issues.
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 settled community of owner-occupiers, long-term expatriates and business professionals drawn to Phú Mỹ Hưng's planned streets, international schools and green corridors. As one of the earlier Phú Mỹ Hưng apartment projects, it has a long-tenure character with low turnover, mixing Korean, Japanese and Western expat families with Vietnamese executive families.
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
14,5 tỷ - 18,8 tỷ
107 triệu - 146 triệu/m²
🏢
T2
0 listings
14,5 tỷ - 18,8 tỷ
107 triệu - 146 triệu/m²
🏢
T3
0 listings
14,5 tỷ - 18,8 tỷ
107 triệu - 146 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
