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4 of 6 delivered
Vạn Phúc Group (formerly Đại Phúc Group)
4 of 6 sub-zones delivered · 2 upcoming 2028
The only 198-hectare Saigon River peninsula township with operational hospital, Cambridge school, water park, and 3.4km riverfront park — backed by 95%+ pink books and 10,000+ residents.
198-hectare riverside township on a Saigon River peninsula in Thu Duc. Mix of 2,000+ townhouses, shophouses, villas, and the new Diamond Sky apartment tower. 40% construction density with 60% dedicated to parks, lakes, and waterways.
Better for long-term living than for investing.
Van Phuc City is a mature Saigon River peninsula township with a genuinely delivered amenity stack — operating hospital, Cambridge school, water park, and 3.4km of riverfront — backed by 95%+ pink books across existing low-rise sub-zones. The core tradeoff is QL13 commute congestion, which adds 15-25 minutes at peak until the widening project completes at the end of 2028.
Homeowner: A solid township for homeowners who want genuine daily-life infrastructure already in place. The on-site hospital, EMASI Cambridge school, water park, and 3.4km riverfront park are all operating — not paper promises — and 95%+ of delivered homes carry pink books. The main tradeoff is commute: QL13 adds 15-25 minutes at peak, and the peninsula's limited alternative routes make that pain daily until the widening completes in December 2028.
Investor: A township with an active secondary market and a real tenant pool, but residential rental yields are thin — townhouse gross yields sit around 2%, not the 4%+ typically required for a yield-led case. The Legend Shophouse saw a sharp price correction (-21.8%) in its first cycle, signaling fragile demand at the premium shophouse ceiling. The investment thesis is appreciation-led, supported by QL13 widening (December 2028) and a long-term Metro Line 3B proposal, rather than income-led.
| Market range | 175 triệu – 450 triệu/m² |
| Unit price | 17,5 tỷ – 209 tỷ |
| Rent | 25 triệu – 130 triệu/mo |
| Launch price | 120 triệu/m² |
| Project | Price | Distance |
|---|---|---|
| Vạn Phúc City | 200 triệu/m² | — |
| Vinhomes Grand Park | Significantly more affordable — Grand Park apartment ppsm is roughly half of Van Phuc City's landed pricing | Thu Duc mega-project with Metro Line 1 access; apartment-only product, wider tenant pool, but without the landed township lifestyle or Van Phuc City's self-contained infrastructure depth |
| Phu My Hung Township | Higher priced for comparable landed formats — South Saigon's fully built-out township commands a meaningful premium | Shorter CBD commute and no single-arterial constraint, but at a higher price point and without Van Phuc City's Saigon River peninsula setting or riverfront parkland |
Secondary values across Van Phuc City's established sub-zones are broadly stable, with premium shophouse pricing under pressure in early 2026; Diamond Sky establishes the township's first apartment price reference at approximately 130 million VND/sqm on the primary market.
| Developer | Vạn Phúc Group (formerly Đại Phúc Group) |
| Status | 4 of 6 delivered |
| Total Units | 209 |
| Towers | 2 |
| Launch Date | 2016 |
| Handover | 2018 |
| Construction Permit | Approved |
| Pink Book | Partial |
| Pink Book % | 95% |
| Legal Notes | 95%+ of delivered low-rise units (Vạn Phúc 1, Royal, Golden, Sunlake, Jardin Villas, Mansion) have pink books — over 1,500 homes with full legal documentation. Vietnamese citizens get long-term ownership; foreign buyers get 50-year leasehold (mixed regime). Diamond Sky: construction permit approved, basement completed Q1 2026 (Central Cons as general contractor, started January 8, 2026), superstructure underway from Q2 2026, handover now targeting 2028 (revised from Q4 2027). The Legend Shophouse: construction permit approved, sales launched January 2026, no handover date announced. Searched June 2026: sổ hồng, giấy phép xây dựng, chủ đầu tư pháp lý — no new government legal decisions found beyond the above. |
Vạn Phúc City
| CBD (peak) | 36 min |
| CBD (off-peak) | 23 min |
| Airport (peak) | 38 min |
| Airport (off-peak) | 32 min |
| Long Thành (peak) | 80 min |
| Long Thành (off-peak) | 66 min |
Upper-middle-class Vietnamese families and business owners who value self-contained township living. The 10,000+ residents span townhouses, shophouses, and villas across multiple sub-zones, with owner-occupiers running businesses from shophouses alongside families in the residential areas. A growing expat presence is drawn by the on-site school and hospital.
