The Ascentia - Boutique Condo in Phú Mỹ Hưng, District 7
Phu My Hung Development Corporation
Delivered 2022 · Pink books issued
Bauhaus-designed boutique luxury — one of Phú Mỹ Hưng's most architecturally distinctive low-density projects, with the zone's first 1-bedroom condo offering
💰 6,1 tỷ – 22,5 tỷ📏 110 triệu/m²🏗️ Delivered 2022🏢 260 units
The Ascentia is a boutique apartment project by Phu My Hung Corporation in the Nam Viên subdivision of Phú Mỹ Hưng, District 7. Designed by Axel Korn and Phan Thuy Ngoc of Korn Architects in Bauhaus style, the project comprises 242 apartments and 18 shophouses across two 15-storey blocks on a 4,680 m² site. Notable as the first Phú Mỹ Hưng project to offer 1-bedroom units and duplex apartments, expanding access to the PMH ecosystem at a lower entry price.
Project news
Phu My 2 Bridge under construction: 8-lane link from District 7 to Nhon Trach & Long Thanh Airport by 2029
Construction · Jan 2026 · domo.vn
Pink books issued for The Ascentia units
Legal · Dec 2022 · domo.vn
Neighborhood
86*
Family Score
Excellent
Family life is strongly supported here. Kid's World preschool — ranked among HCMC's top private early-education options — is 100m away, and Korean International School HCMC is within a 10-minute walk, covering early-to-secondary schooling for international families without a morning car trip.
91*
Leisure Score
Excellent
Lifestyle options are outstanding for this part of Phú Mỹ Hưng. A dense concentration of well-regarded cafés and restaurants — from Japanese BBQ to Vietnamese home cooking — lines the boulevard within steps of the front door, making this one of the more walkable dining clusters in District 7.
79
Convenience
Good
Daily convenience is well-served here. Annam Gourmet occupies the building's ground floor and Aeon Citimart is next door, giving residents immediate access to both specialty groceries and a full supermarket without leaving the block.
67
Health
Good
Medical access is solid for this location. FV Hospital — one of HCMC's highest-rated international hospitals — is 1.6km away for acute care, while dental clinics and pharmacy coverage within a short walk serve everyday health needs.
65
Transit Access
Good
Transit here is served by bus stops within a 5-minute walk, with several routes providing access to central HCMC. No metro is within reach — Opera House Station is 7.6km away.
77
Commute Ease
Good
40 min to Q1 Bến Thành via 139 → 31. 1 min walk to bus stop, 1 transfer.
3
Nightlife
Below Avg
No dedicated nightlife district exists in this part of Phú Mỹ Hưng. The area's evenings are primarily residential in character, with small local bars scattered along the nearby boulevard rather than any concentrated late-night scene.
34
Quietness
Below Avg
Noise levels here are elevated for a residential address. A karaoke venue is 150m away and several bars operate within 300m, making evenings on this stretch of the commercial boulevard noticeably active.
* Score includes on-site amenities that are planned or under construction, not yet open.
Domo Scores™
7.8
🏠 Homeowner
Good
7.3
📈 Investor
Solid
Better for long-term living than for investing.
A boutique Bauhaus-designed condo in Phú Mỹ Hưng's mature Nam Viên precinct — architecturally distinctive, legally clean, and walkable to quality schools and dining. The main tradeoffs are a compact 0.47 ha site with limited outdoor space and noticeable evening noise from the adjacent commercial strip.
🏠 Homeowner
Value
7.1
Livability
8.1
Legal & delivery
8.7
Location & connectivity
7.3
📈 Investor
Value
7.1
Returns & exit
7.2
Legal & delivery
8.7
Location & demand
7
Why the scores differ
Homeowner: A solid PMH choice for homeowners. Phu My Hung Corporation delivers a legally clean, on-schedule project with on-site pool, spa, and sky garden that punch above the compact 0.47 ha footprint, and the mature Nam Viên address puts a preschool, Korean international school, and outstanding dining within walking distance. Evening noise from entertainment venues 150–300m away on the commercial boulevard is the main lifestyle tradeoff.
Investor: A workable investment in a mature PMH address. Secondary market prices are documented across all unit types, the Korean expat corridor provides a real tenant pool, and Phu My Hung Corp management reduces operational risk. Yields are modest (~3–4%) and the boutique 242-unit scale means thin annual resale turnover; 2BR prices softened ~6% in early 2026, a caution for buyers targeting near-term capital gains.
Price & Market
Current Market Price
110 triệu/m²
📈+67% since launch
Market range
93 triệu – 151 triệu/m²
Unit price
6,1 tỷ – 22,5 tỷ
Rent
20 triệu – 45 triệu/mo
Launch price
66 triệu/m²
Est. Rental Yield2.7%
•🟢 Legally clean: pink books confirmed issued post-handover, consistent with Phu My Hung Corp's policy of certifying within 6–12 months — no known disputes or blocks as of 2026.
•🟢 Phu My 2 Bridge under construction: the 8-lane crossing from Nguyễn Hữu Thọ Road to Nhon Trach broke ground January 2026 and is due 2029, improving District 7 connectivity to the Long Thanh Airport corridor.
•🟡 Resale market mixed: 3BR prices held flat while 2BR slipped ~6% and Block A penthouse units fell ~14% in the most recent snapshot comparison; verify comps before transacting.
•🟡 Metro Line 4 along Nguyễn Hữu Thọ would bring a station within walking distance, potentially transforming the commute to central HCMC — but feasibility is still ongoing and Q1 2027 groundbreaking is not yet approved.
•🔴 Boutique liquidity risk: with only 242 total units, annual resale turnover is inherently thin — buyers should factor in a potentially longer hold period if market conditions soften.
Last updated: June 2026
Is this a good deal?
Project
Price
Distance
Ascentia
110 triệu/m²
—
Antonia
118 triệu/m²
0.1 km
Nam Phúc Le Jardin
85 triệu/m²
0.3 km
Garden Court 2
100 triệu/m²
0.3 km
Should you buy here?
Best for:
✓Korean and international expat families — Korean International School HCMC is 600m away
✓Young professionals and couples wanting a boutique, design-forward PMH address with great dining at the door
✓Established families valuing PMH's school and lifestyle ecosystem with a smaller, close-knit community
Not ideal for:
✗Buyers who need quiet evenings — entertainment venues 150–300m away bring consistent noise
✗Residents commuting daily to District 1 CBD — 30+ min by car, 40 min by bus
Market Trends
Secondary prices at The Ascentia were mostly stable for 3BR units in early 2026 while 2BR listings softened and penthouse asking prices saw a sharper correction, consistent with a thin but active resale market.
Decision Factors
Strengths
✓Full pink books issued post-handover by Phu My Hung Corporation — no outstanding legal uncertainty for buyers or investors
✓On-site pool deck, spa and wellness centre, and three-zone sky garden deliver amenity depth uncommon for a project of this footprint in District 7
✓Kid's World preschool 100m away and Korean International School HCMC 600m away — school logistics workable on foot for international families
✓Priced at or slightly below the upper-mid peer median (~110M/m²) with Bauhaus architectural credentials that command a quality premium over similarly priced towers
Tradeoffs
!Compact 0.47 ha site — on-site outdoor space is limited to the rooftop sky garden; residents rely on Nam Viên Park (300m) and the wider PMH green network
!Evening noise exposure — a karaoke venue 150m away and several bars within 300m mean the commercial boulevard is active at night
!No metro within walking distance; car or bus required for CBD commutes and the boutique 242-unit scale means thin annual resale turnover
Watch items
?Metro Line 4 along Nguyễn Hữu Thọ is in feasibility study stage — groundbreaking targeted Q1 2027 but pending government approval; verify progress before relying on it as a commute catalyst
?2BR resale prices declined ~6% and Block A penthouse prices fell ~14% in the most recent snapshot comparison — verify current pricing against recent comparable sales before committing
Unit Types
Apartments
1BR
1 Beds · 1 Baths · 48.84–55.8 m²
6,1 tỷ – 6,9 tỷ
122 triệu/m²
Rent: 20 triệu - 22 triệu/mo
Singles & couples
2BR
2 Beds · 2 Baths · 75.18–84.05 m²
7,65 tỷ – 10 tỷ
110 triệu/m²
Rent: 20 triệu - 30 triệu/mo
Young families
Duplex
2–3 Beds · 2–3 Baths · 128.92–181.59 m²
Under review
≈ 14,18 tỷ – 19,97 tỷ est.
110 triệu/m²
Young families
3BR
3 Beds · 2 Baths · 106.23–108.8 m²
10 tỷ – 13,5 tỷ
109 triệu/m²
Rent: 33 triệu - 45 triệu/mo
Growing families
Penthouse
3–4 Beds · 3–4 Baths · 121.16–224.73 m²
Under review
≈ 13,33 tỷ – 24,72 tỷ est.
110 triệu/m²
Growing families
Shophouses
Shophouse
0 Beds · 1 Baths
Under review
—
110 triệu/m²
Singles & couples
Project Details
Developer
Phu My Hung Development Corporation
Status
Delivered 2022
Total Units
260
Towers
2
Legal Information
Launch Date
2019
Handover
2022-04
Construction Permit
Approved
Pink Book
Issued
Legal Notes
Pink books issued post-handover (April 2022). Secondary market listings as of April 2026 note "có sổ đỏ" (have pink book), consistent with Phu My Hung Corp's stated policy of issuing certificates within 6–12 months of handover. No disputes, legal blocks, or ownership changes identified in 2026 searches. Long-term ownership for Vietnamese citizens; 50-year for eligible foreigners. Management by Phu My Hung Corporation.
Amenities
👨👩👧Family: Children's pool and playground on-site. Multiple international schools — Japanese, Korean, Canadian, and Taiwanese — are within walking distance in Phú Mỹ Hưng. Pháp Việt and Tâm Đức hospitals are nearby.
🏋️Fitness: 3rd-floor overflow pool with children's pool and jacuzzi. On-site gym with modern equipment, yoga studio, and separate men's and women's saunas. The 3-zone rooftop sky garden includes an outdoor yoga and relaxation area.
🏖️Lifestyle: 18 ground-floor shophouses on Nguyễn Lương Bằng provide café, restaurant, and retail options at the base of the building. Crescent Mall and the Midtown commercial complex are within the Phú Mỹ Hưng zone.
🛒Convenience: Car and motorbike parking in basement levels with 24/7 security and concierge. Approximately 300 m to the nearest bus stop on Nguyễn Lương Bằng.
🏊 Pool♨️ Sauna🌳 GardenRooftop🛗 Elevator👶 Kids Pool🧒 Play Area🔒 Security🧘 Yoga🛎️ Concierge🌿 Sky Garden🅿️ Car Parking🏋️ GymShophouse Street🏍️ Motorbike Parking
Nguyễn Lương Bằng Avenue — the main commercial boulevard of Phú Mỹ Hưng, runs past the project's ground-floor shophousesNguyễn Văn Linh Parkway — the main east-west arterial connecting District 7 to the wider city network
🔇 High Noise🌊 Low Flood🛣️ Not Near Highway
Predominantly owner-occupiers and long-term residents drawn to Phú Mỹ Hưng's planned environment, international schools, and clean streetscape. The 1-bedroom and duplex units attract young professionals and expat couples; 3-bedroom units appeal to established families. The boutique scale of 242 units creates a close-knit community feel uncommon in larger PMH developments.
Things to consider (not deal breakers)
⚠️ Traffic
Nguyễn Văn Linh and Nguyễn Lương Bằng intersection can congest during morning and evening peaks. The...
Nguyễn Văn Linh and Nguyễn Lương Bằng intersection can congest during morning and evening peaks. The Cả Cấm 2 bridge, approximately 300 m from the project, is a pinch point for northbound traffic toward central District 7.
→ Multiple internal PMH roads provide alternate routes. The Midtown interchange and Crescent area distribute vehicle flow across several access points.
🌊 Flood Risk
Nam Viên sits within Phú Mỹ Hưng's planned drainage zone. The Cả Cấm River channel runs along the ea...
Nam Viên sits within Phú Mỹ Hưng's planned drainage zone. The Cả Cấm River channel runs along the eastern boundary; minor surface pooling can occur during heavy rain but persistent flooding is rare given the PMH drainage infrastructure.
→ PMH's elevated ground levels and purpose-built drainage have historically kept this zone better protected than broader District 7 areas during heavy rain events.
Sub-zones
🏢
Block A
0 listings · 120 units
6,1 tỷ - 22,5 tỷ
93 triệu - 151 triệu/m²
🏢
Block B
0 listings · 122 units
6,1 tỷ - 15,5 tỷ
93 triệu - 125 triệu/m²
Notable Places
3rd-Floor Pool Deck
Outdoor overflow pool of approximately 30 m on the 3rd-floor podium facing Nguyễn Lương Bằng, with an adjacent children's pool and jacuzzi. Having the pool deck elevated off the ground on a dedicated amenity floor is uncommon in boutique mid-rise buildings of this scale in District 7.
Sky Garden
Three-zone rooftop garden with separate walking and relaxation, outdoor yoga, and children's play areas. One of the few multi-functional rooftop gardens in a boutique District 7 condo.
Spa & Wellness Centre
On-site spa with dedicated yoga studio and separate men's and women's sauna rooms. Uncommon in boutique mid-rise projects of this scale in District 7.
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