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3 of 3 delivered
Phu My Hung Development Corporation
3 of 3 sub-zones delivered
Phu My Hung's most established expat-focused complex — 10.4 ha with 40% green space, pink books for all 3,131 units, and SC VivoCity at the Phase III doorstep.
Sky Garden is a three-phase residential complex developed by Phu My Hung Development Corporation within the Phu My Hung New Urban Area, District 7. The 10.4-hectare development spans 35 blocks and approximately 3,131 apartments across Phases I, II, and III, completed between 2004 and 2010. Designed by SURV-Shanghai, the project is recognized with the Vietnam Architects Association 'Exemplary Architecture of the Renovation Period' award and dedicates 40% of the total site area to landscaped gardens, walkways, and green corridors.
Balanced for both homeowners and investors.
Sky Garden is Phu My Hung's most established international residential community — 3,131 units across three fully delivered sub-zones, SC VivoCity next door, SSIS within 1km, FV Hospital 1.3km away, and pink books issued for every unit. The main tradeoffs are a high ambient noise environment from Nguyen Van Linh traffic and the perimeter bar strip, plus 2004–2010 building vintage that will need renovation to compete with newer District 7 stock.
Homeowner: A solid homeowner choice for buyers who prioritize an established community over modern finishes. SC VivoCity is directly next door, SSIS — HCMC's third-ranked international school — is 1km away, and FV Hospital provides international-standard care 1.3km out; this combination of anchors is rare in District 7. The honest tradeoffs are a high ambient noise environment from Nguyen Van Linh boulevard and perimeter bars, and building age — units completed 2004–2010 need renovation investment to compete with newer Phu My Hung stock.
Investor: A stability-first investment with a 15-year track record of expat rental demand and an active secondary market across all three sub-zones. Pink books are fully issued, the tenant base is diversified across multiple nationalities, and PMH's established management reduces operational risk. The main constraint is yield compression: priced 22% above the mid-segment peer median (79M/m² vs 65M median, n=27), gross rental returns likely cap at 3–4%, and building age increasingly puts Sky Garden in competition with fresher Phu My Hung product for tenant preference.
| Market range | 51 triệu – 99,7 triệu/m² |
| Unit price | 3,85 tỷ – 27,8 tỷ |
| Rent | 10 triệu – 38 triệu/mo |
| Project | Price | Distance |
|---|---|---|
| Sky Garden | 79 triệu/m² | — |
| Scenic Valley | 10–20% cheaper | Same Phu My Hung masterplan and developer, comparable vintage, less premium positioning |
| Sunrise City | Similarly priced | District 7 but outside Phu My Hung boundaries — larger complex, newer spec in some towers, without the PMH green planning and expat community density |
Sky Garden's 2BR resale prices have edged upward in early 2026 across Sky Garden II and III, while 3BR movement has diverged — consistent with selective buyer demand in the broader Phu My Hung secondary market.
| Developer | Phu My Hung Development Corporation |
| Status | 3 of 3 delivered |
| Total Units | 3131 |
| Towers | 35 |
| Handover | 2004 |
| Construction Permit | Approved |
| Pink Book | Issued |
| Pink Book % | 100% |
| Legal Notes | Pink books (sổ hồng) issued for all units across Sky Garden I, II and III. Vietnamese nationals hold long-term ownership; foreign nationals are eligible for 50-year ownership under condominium regulations. Project completed 2004–2010. District 7 wards were reorganized in July 2025 (Resolution 1685/NQ-UBTVQH15); verify the official ward designation with the developer or Land Registration Office. Oct 2026 re-check (sổ hồng, pháp lý, tin tức) found no new legal changes. |
Sky Garden
| Long Thành (peak) | 62 min |
| Long Thành (off-peak) | 59 min |
| CBD (peak) | 28 min |
| CBD (off-peak) | 22 min |
| Airport (peak) | 63 min |
| Airport (off-peak) | 47 min |
Approximately 80% of residents are expatriates — primarily from Korea, Japan, the United States, and the Philippines — making Sky Garden the most internationally diverse established complex in Phu My Hung. Long-term owner-occupiers and multi-year rental tenants dominate; the project's age and low unit turnover mean most apartments are either lived in by owners or let to expat professionals under long-term contracts.
