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Explore VietnamPhú Mỹ Hưng Development Corporation
Delivered 2017 · Pink books 100%
Nine-block completed estate in Phú Mỹ Hưng's Medical Campus with 70% open space, a 1,000 m² overflow pool, on-site bowling alley, spa, and library — within walking distance of FV Hospital and SSIS international school
Scenic Valley 1 is a mid-scale residential estate by Phu My Hung Development Corporation in the Medical Campus district of Phu My Hung, District 7. The project comprises nine blocks (A-I) of 16 to 24 storeys across a 3.2-hectare site with only 30% construction density, delivering 1,202 apartments ranging from 70 to 200 m2. Designed by Singapore-based KYTA, the project dedicates 70% of the site to green space, mature gardens, and resort-style communal amenities including a 1,000 m2 overflow pool and on-site bowling alley.
Balanced for both homeowners and investors.
A low-density, fully delivered Phú Mỹ Hưng estate with FV Hospital next door, Crescent Mall in walking range and pink books issued for all 1,202 units. The trade-offs are high ambient noise, resale pricing about 20% above comparable projects and the age of a 2017 build.
Homeowner: A solid choice for homeowners who want hospital, preschool and mall access close to home. Only 30% of the 3.2 ha site is built, with FV Hospital next door, Crescent Mall within a short walk and pink books issued for all 1,202 units; the costs are high ambient noise, pricing above comparable projects, and a nine-year-old estate whose common areas deserve inspection.
Investor: A holding case built on location and clean title, not on yield or a discount. Gross yield looks like roughly 3-4% and resale is priced above comparable projects, while a diversified medical and school-linked tenant pool and a large 1,202-unit resale base keep exit possible, though sellers compete with many other listings and high mortgage rates.
| Market range | 54 triệu – 103 triệu/m² |
| Unit price | 3,85 tỷ – 13 tỷ |
| Rent | 15 triệu – 48 triệu/mo |
| Launch price | 29 triệu/m² |
| Project | Price | Distance |
|---|---|---|
| Scenic Valley 1 | 78 triệu/m² | — |
| Scenic Valley 2 | 94 triệu/m² | 0.2 km |
Resale snapshots cluster around 78M/m² (about 55-100M/m² depending on block and floor), and the October 2026 listings do not carry enough per-m² data to call a direction.
| Developer | Phú Mỹ Hưng Development Corporation |
| Status | Delivered 2017 |
| Total Units | 1202 |
| Towers | 9 |
| Launch Date | 2014 |
| Handover | 2017-Q2 |
| Construction Permit | Approved |
| Pink Book | Issued |
| Pink Book % | 100% |
| Legal Notes | Project fully delivered Q2 2017. Pink books (sổ hồng) issued to all 1,202 units under long-term ownership for Vietnamese citizens. Managed by Phú Mỹ Hưng Development Corporation at 12,000 VND/m²/month. Rechecked October 2026 via sổ hồng, giấy phép xây dựng and chủ đầu tư pháp lý searches — 2026 resale listings still advertise red/pink books; no reported legal disputes, encumbrances or ownership changes found. |
Scenic Valley 1
| CBD (peak) | 27 min |
| CBD (off-peak) | 20 min |
| Airport (peak) | 63 min |
| Airport (off-peak) | 50 min |
| Long Thành (peak) | 60 min |
| Long Thành (off-peak) | 56 min |
A mixed community of Vietnamese professional families and long-term expatriates drawn to Phú Mỹ Hưng's planned infrastructure and proximity to the Medical Campus cluster of international facilities. Families with children at Saigon South International School (SSIS) and staff connected to FV Hospital form a consistent residential base, alongside Vietnamese executives seeking established PMH addresses.
