Explore VietnamReal Estate
Explore VietnamPhú Mỹ Hưng Development Corporation
Delivered 2024
The only residential project on Crescent Lake — panoramic water views, a 300m walk to Crescent Mall, and Phú Mỹ Hưng's master-planned environment in a boutique 176-unit Nordic-design building.
The Horizon is a compact Nordic-inspired luxury apartment project by Phú Mỹ Hưng Development Corporation on a 5,800 m² site at Crescent Lake (Hồ Bán Nguyệt) in the Crescent District of Phú Mỹ Hưng, District 7. Two towers — a 24-floor main block and a 9-floor podium block — deliver 166 apartments and 10 shophouses, making it the first and currently only delivered residential project at this waterfront location, with panoramic views of Crescent Lake, Starlight Bridge, and the Ca Cam River.
Balanced for both homeowners and investors.
The Horizon is HCMC's only delivered condo on Crescent Lake — offering lakefront panoramas of Hồ Bán Nguyệt, walkable Crescent Mall access, and Phú Mỹ Hưng's management quality in a boutique 176-unit building. The trade is real: a compact 0.58 ha footprint, pricing above area peers, and incoming competition from Triton Crown (Q4 2028) will erode the sole-lakefront premium.
Homeowner: A strong pick for homeowners who want a lakefront address in HCMC's best-managed township. Phú Mỹ Hưng's Crescent Lake setting, developer track record, walkable Crescent Mall, SSIS Early Childhood 244m away, and low flood risk form a genuinely rare combination in District 7. The honest tradeoffs: the 0.58 ha footprint keeps on-site amenities compact, and resale listings sit well above the upper-mid peer median — homeowners are paying for scarcity, not just square metres.
Investor: A viable rental hold in PMH's Crescent Lake expat sub-market, with documented secondary prices and a ~5% gross yield on 2BR units. The main risk is forward competition: Triton Crown (CR9, 301 units) breaks ground next door in May 2026 and delivers Q4 2028, and VinSpeed District 7 stations are a later extension rather than a 2028 uplift catalyst. Hold-and-rent works; short-term resale at a scarcity premium is harder to defend after Q4 2028.
| Market range | 125 triệu – 193 triệu/m² |
| Unit price | 10,7 tỷ – 60 tỷ |
| Rent | 29 triệu – 89 triệu/mo |
| Launch price | 135 triệu/m² |
| Project | Price | Distance |
|---|---|---|
| Horizon | 147 triệu/m² | — |
| Regency | 226 triệu/m² | 0.2 km |
Secondary resale listings at 125–162M/m² (depending on unit size) reflect steady demand for the Crescent Lake address, holding a modest premium above the wider PMH upper-mid market.
| Developer | Phú Mỹ Hưng Development Corporation |
| Status | Delivered 2024 |
| Total Units | 176 |
| Towers | 2 |
| Launch Date | 2022-09 |
| Handover | 2024-01-03 |
| Construction Permit | Approved |
| Pink Book | Partial |
| Legal Notes | Handed over January 3, 2024 (developer: Phú Mỹ Hưng Development Corporation; builder: Coteccons Joint Stock Company). Vietnamese nationals hold permanent freehold; foreign nationals are eligible for 50-year leasehold. Block A pink books are believed to have been issued approximately mid-2024. Land lot CR8-2B (Block B: 76 apartments and 9 retail units) was cleared for pink book issuance by the HCMC Department of Agriculture and Environment on May 15, 2026 — approximately two years after handover. As of late June 2026, no public confirmation of individual Block B pink book distribution has been found; buyers should verify current title status directly with Phú Mỹ Hưng Development Corporation. |
Horizon
| CBD (peak) | 35 min |
| CBD (off-peak) | 22 min |
| Airport (peak) | 78 min |
| Airport (off-peak) | 52 min |
| Long Thành (peak) | 68 min |
| Long Thành (off-peak) | 56 min |
Affluent Vietnamese professionals and expatriate families drawn by the Crescent Lake waterfront setting and the Phú Mỹ Hưng master-planned environment. The small scale — 176 units across two towers — creates a tight-knit community distinct from the larger Phú Mỹ Hưng complexes nearby.
