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 only residential project in this waterfront sub-zone with panoramic views of Crescent Lake, Starlight Bridge, and the Ca Cam River.
Balanced for both homeowners and investors.
The only condo address on Crescent Lake delivers a rare waterfront position within Phú Mỹ Hưng's master-planned precinct, walkable to Crescent Mall and within 1km of FV Hospital and SSIS Early Childhood. The tradeoffs are premium pricing at 36% above upper-mid peers and a compact 5,800 m² site that limits on-site amenity scale.
Homeowner: A solid homeowner choice for buyers who prioritise Phú Mỹ Hưng's master-planned quality. Crescent Mall is walkable, FV Hospital and SSIS Early Childhood are under 1km, and PMH's managed drainage infrastructure significantly reduces flood risk relative to lower District 7. The main drag is value — at 147M/m², the waterfront premium is real but prices the project 36% above the upper-mid peer group, with a 5,800 m² site that limits on-site pool and garden scale.
Investor: A decent rental case anchored by the established expat and professional community at Crescent Lake — Block A rents track 65–89M/month and the unique lakefront position provides a structural floor that inland PMH alternatives cannot match. The case is credible but not high-conviction: premium entry pricing compresses upside on exit, and the thin 176-unit secondary market means comparable transactions are scarce.
| Market range | 115 triệu – 193 triệu/m² |
| Unit price | 9,9 tỷ – 24 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 snapshots for The Horizon track 133–162M/m² for Block A apartments — a meaningful premium to upper-mid PMH peers — consistent with the lakefront scarcity thesis; thin transaction volume is the key caveat when interpreting these figures.
| 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. Land lot CR8-2B (76 apartments and 9 retail units, corresponding to Block B) was cleared for pink book issuance by the HCMC Department of Agriculture and Environment on May 15, 2026 — approximately two years after handover. Block A pink books are believed to have been issued approximately mid-2024; buyers should verify individual title status with the developer. |
Horizon
| CBD (peak) | 35 min |
| CBD (off-peak) | 21 min |
| Airport (peak) | 69 min |
| Airport (off-peak) | 51 min |
| Long Thành (peak) | 63 min |
| Long Thành (off-peak) | 56 min |
Affluent Vietnamese professionals and expatriate families drawn by the Crescent Lake waterfront setting and Phú Mỹ Hưng's master-planned environment. The boutique 176-unit scale attracts residents who prefer lower-traffic community living over the large-complex alternatives within PMH.
