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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.
Scenic Valley 1 is a mature, well-amenitied upper-mid estate in Phú Mỹ Hưng's Medical Campus sub-area — fully titled, with FV Hospital and a top-ranked Montessori preschool within 200 m, Crescent Mall next door, and an unusually rich on-site amenity set (1,000 m² overflow pool, bowling alley, spa, library) for its price tier. The trade-off is a secondary market price 20% above the peer median and high ambient noise from the surrounding hospital and commercial precinct.
Homeowner: A strong homeowner choice for families anchored in Phú Mỹ Hưng. The estate sits in the Medical Campus sub-area with FV Hospital a two-minute walk and one of HCMC's top Montessori preschools across the street — a combination most PMH projects cannot match. On-site amenities (1,000 m² overflow pool, bowling alley, spa, library) are unusually rich for the price tier, and all 1,202 pink books are issued. The honest tradeoff: pricing runs 20% above the peer median, and ambient noise from the hospital precinct and nearby Crescent Mall is rated high.
Investor: A liquid, low-risk PMH investment with a clear tenant pool but moderate yield. The secondary market is active (ppsm tracked, pink books clean), and demand is structural — FV Hospital staff and SSIS expat families provide a consistent rental base. Current pricing at 76–79M/m² compresses gross yield to roughly 3–4%, which won't attract yield-first investors. Three infrastructure catalysts under construction — Binh Tien elevated road targeting Q3 2027, VinSpeed metro along Nguyễn Lương Bằng, and Cần Giờ Bridge targeting June 2029 — offer medium-term appreciation upside without making the thesis catalyst-dependent.
| Market range | 54 triệu – 103 triệu/m² |
| Unit price | 3,85 tỷ – 13 tỷ |
| Rent | 16 triệu – 30 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 |
Secondary listing prices at 76–79M/m² reflect a strong established market anchor, consistent with HCMC's broad secondary condo appreciation trend (+32.3% y-o-y, CBRE Q1 2026), though the PMH Medical Campus premium means buyers are entering at above-median pricing for the segment.
| 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 (so hong) issued to all 1,202 units under long-term ownership for Vietnamese citizens. Managed by Phu My Hung Development Corporation at 12,000 VND/m2/month. No reported legal disputes or encumbrances found as of June 2026. |
Scenic Valley 1
| CBD (peak) | 34 min |
| CBD (off-peak) | 21 min |
| Airport (peak) | 70 min |
| Airport (off-peak) | 52 min |
| Long Thành (peak) | 67 min |
| Long Thành (off-peak) | 56 min |
A settled community of Vietnamese professional families and long-term expatriates drawn by Phú Mỹ Hưng's planning standards and the Medical Campus's concentration of international facilities. Staff connected to FV Hospital and families with children at Saigon South International School or Renaissance International School form a consistent residential and rental base, alongside Vietnamese executives who prioritise the PMH address and the certainty of fully-issued pink books.
