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.
Better for long-term living than for investing.
The first and currently only delivered condo on Crescent Lake: a boutique, Nordic-design building with walkable Crescent Mall and strong family amenities, priced well above upper-mid peers. The tradeoff is a compact site, car-dependent commuting and Triton Crown's 301 apartments arriving next door in Q4 2028, plus Block B pink-book distribution buyers should confirm.
Homeowner: A good fit for homeowners who want a lakefront address in a delivered, boutique building. Crescent Mall, Crescent Lake Park, SSIS Early Childhood and FV Hospital are all close, and Phú Mỹ Hưng's managed lake drainage keeps flood risk low. The tradeoffs are a compact site with modest amenities, road noise on lower floors facing Trần Văn Trà, a car-dependent commute, and Block B individual pink books that are not yet publicly confirmed.
Investor: The case rests on location and scarcity rather than a discount. Expat and affluent local tenants support rents of roughly VND 42-80M a month, but resale is thin across 176 units and asking prices already sit well above upper-mid peers. Triton Crown, with 301 apartments and 32 shophouses next door, launches sales in Q4 2026 and delivers in Q4 2028, adding competing supply and ending the project's position as the sole delivered condo on Crescent Lake.
| Market range | 125 triệu – 217 triệu/m² |
| Unit price | 10,7 tỷ – 65 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 |
Resale pricing is anchored near VND 147M/m², and the latest snapshots up to 172M/m² are too thin and low-confidence to read as a re-rating.
| 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). Vietnamese nationals hold long-term ownership; foreign nationals are eligible for 50-year leasehold. Block A pink books believed issued around 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. October 2026 re-check found no public confirmation of individual Block B pink book distribution; buyers should verify title status directly with the developer. |
Horizon
| CBD (peak) | 29 min |
| CBD (off-peak) | 22 min |
| Airport (peak) | 65 min |
| Airport (off-peak) | 52 min |
| Long Thành (peak) | 61 min |
| Long Thành (off-peak) | 58 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) creates a tight-knit community distinct from the larger Phú Mỹ Hưng complexes nearby.
