Garden Court 2 – Phu My Hung Canal District Apartments, District 7
Công ty TNHH Phát triển Phú Mỹ Hưng
Delivered 2009 · Pink books 100%
Boutique canal-side complex with rare 2BR–penthouse range (98–289 m²), an ornamental internal lake, and semi-transparent panoramic elevators — one of the few Kênh Đào addresses offering smaller-format entry into the Canal District.
💰 9,6 tỷ – 17,5 tỷ📏 100 triệu/m²🏗️ Delivered 2009🏢 90 units
Garden Court 2 is a boutique residential complex of three blocks developed by Phú Mỹ Hưng Corp in the Canal District (Khu Kênh Đào) of Phú Mỹ Hưng, District 7. Designed by Singapore firm KYTA, the complex is centered on an ornamental internal lake linking all three blocks, with 90 apartments spanning 2-bedroom to penthouse configurations from 98 to 289 m². Fronting Tôn Dật Tiên avenue and adjacent to Crescent Lake (Hồ Bán Nguyệt), Garden Court 2 sits within Phú Mỹ Hưng's most established waterfront corridor.
Area news
HCMC official land price table (Resolution 87/2025) takes effect January 2026
Policy · Jan 2026 · xaydungchinhsach.chinhphu.vn
Neighborhood
84*
Family Score
Excellent
Family appeal is exceptional. Sedbergh Vietnam – BCIS international school is next door, a curated preschool is 340m away, and Công viên Cảnh viên park is also next door.
88*
Leisure Score
Excellent
Lifestyle amenities are excellent in this location. Crescent Mall is 1.6km away, and a varied mix of cafés, casual dining, and neighborhood restaurants clusters within 400m of the complex.
75
Convenience
Good
Daily convenience is strong. Kingfoodmart supermarket is next door, and multiple banks and ATMs are within easy walking distance.
64
Health
Good
Medical access is strong. FV Hospital is 2.0km away for specialist and emergency care, and several dental clinics and a dermatology clinic within 340m cover routine health needs.
65
Transit Access
Good
Bus stops are within 70m, but the nearest metro station (Ben Thanh) is 8.4km away — the score reflects walkable bus access only, as District 7 has no rail connection at present.
70*
Commute Ease
Good
52 min to Q1 Bến Thành via 139 → 20. 5 min walk to bus stop, 1 transfer.
2
Nightlife
Below Avg
A modest but genuine bar scene is within easy reach. Bars and pubs are clustered within 500m, providing evening options without a concentrated nightlife district.
36
Quietness
Below Avg
Noise levels are at their highest here. A concentration of bars, pubs, and karaoke venues within 500m creates consistently high ambient noise, especially in the evenings.
* Score includes on-site amenities that are planned or under construction, not yet open.
Domo Scores™
7.7
🏠 Homeowner
Good
7.4
📈 Investor
Solid
Balanced for both homeowners and investors.
Garden Court 2 is one of the Canal District's best-value established addresses — rare 2BR access, full pink books, and developer-managed operations since 2009; accept the 2009 build age and high ambient noise as part of the deal.
🏠 Homeowner
Value
7.3
Livability
7.8
Legal & delivery
8.7
Location & connectivity
7.3
📈 Investor
Value
7.3
Returns & exit
7.2
Legal & delivery
8.7
Location & demand
7
Why the scores differ
Homeowner: A solid choice for homeowners seeking an established Canal District address. Phú Mỹ Hưng Corp has managed the complex since 2009, pink books are fully issued, and Sedbergh BCIS international school is next door — a combination difficult to find at this price in the Canal District. The honest tradeoffs are high ambient noise from surrounding bars and karaoke within 500m, and a 2009 building requiring periodic MEP and finishes updating.
Investor: Reasonable income case anchored by stable expat demand in the Canal District — rental ranges at 22–36M VND/month imply around 3% gross yield on current resale prices, below the level needed for a strong income argument. Thin secondary market depth from only 90 units means exits take longer than at larger PMH peers, and the 2009 vintage compresses net returns once maintenance is factored in.
Price & Market
Current Market Price
100 triệu/m²
Market range
90 triệu – 130 triệu/m²
Unit price
9,6 tỷ – 17,5 tỷ
Rent
22 triệu – 31 triệu/mo
Est. Rental Yield2.3%
•🟢 Pink books fully issued and developer-managed since 2009 — lower legal and operational risk than typical aged resale projects in the Canal District
•🟢 One of the few Canal District addresses offering 2BR options — broadens buyer and tenant pool versus all-3BR peers at the same price level
•🟡 90-unit secondary market is thin — patience required for exits; typical listing-to-close timelines exceed larger PMH peers
•🟡 2009 vintage: renovation budget should be factored into total acquisition cost — MEP and interior finishes will need periodic updating
•🔴 Ambient noise rated high — proximity of bars and karaoke within 220–480m is a quality-of-life risk for noise-sensitive buyers; verify unit orientation before committing
Is this a good deal?
Project
Price
Distance
Garden Court 2
100 triệu/m²
—
Hưng Phúc
94 triệu/m²
Garden Court 1
97 triệu/m²
Aurora
90 triệu/m²
0.1 km
Should you buy here?
Best for:
✓Expat families prioritizing walkable international school access in Canal District
✓Long-term homeowners drawn to Crescent Lake setting and low-density boutique scale
✓Buyers seeking 2BR entry into Canal District at below-median pricing
Not ideal for:
✗Buyers expecting new-build or recently refurbished finishes
✗Noise-sensitive residents — ambient noise rated high due to bars and karaoke within 500m
Market Trends
Resale prices at Garden Court 2 sit modestly below the upper-mid Canal District peer median at around 95–100M VND/m², reflecting the 2009 vintage and thin market rather than any directional price trend.
Decision Factors
Strengths
✓Rare 2BR format in Canal District broadens buyer and tenant pool versus all-3BR peers at comparable Canal District addresses
✓Pink books fully issued; Phú Mỹ Hưng Corp management continuous since 2009 — lower operational and legal risk than typical aged resale projects
✓Sedbergh Vietnam – BCIS international school next door and Canadian International School 450m away — best school walkability of any Canal District project
✓Current pricing approximately 8% below the upper-mid peer median — relative value within an established Canal District market
Tradeoffs
!2009 vintage: MEP and interior finishes require periodic updating — budget renovation costs into total acquisition
!90 units limits secondary market depth — exits take longer than at larger PMH projects
!Fully car-dependent — no metro in District 7, 52-minute bus journey to central HCMC
Watch items
?Ambient noise rated high — verify unit facing and floor before committing; bars and karaoke venues are within 220–480m of the complex
?Rental yield runs approximately 3% gross on current resale prices (22–36M VND/month rent vs. 95–100M VND/m² sale) — verify market rents with a local agent before underwriting returns
Unit Types
Apartments
2BR
2 Beds · 2 Baths · 98–118 m²
9,6 tỷ – 11 tỷ
95 triệu/m²
Rent: 22 triệu - 36 triệu/mo
Young families
3BR
3 Beds · 2–3 Baths · 128–184 m²
12,5 tỷ – 17,5 tỷ
100 triệu/m²
Rent: 23 triệu - 31 triệu/mo
Growing families
Penthouse
3–4 Beds · 3–4 Baths · 247–289 m²
Under review
≈ 24,7 tỷ – 28,9 tỷ est.
100 triệu/m²
Growing families
Shophouses
Retail
0 Beds · 1 Baths · 76–426 m²
Under review
≈ 7,6 tỷ – 42,6 tỷ est.
100 triệu/m²
Singles & couples
Project Details
Developer
Công ty TNHH Phát triển Phú Mỹ Hưng
Status
Delivered 2009
Total Units
90
Towers
3
Legal Information
Launch Date
2007
Handover
2009
Construction Permit
Approved
Pink Book
Issued
Pink Book %
100%
Legal Notes
Pink books fully issued for all 90 residential units. Vietnamese nationals hold long-term/permanent ownership; foreign buyers are subject to the 50-year leasehold limit under Vietnamese law. Construction permit approved for Q3 2007 groundbreaking; project handed over in 2009. Phú Mỹ Hưng Corp has managed the complex since handover.
Amenities
👨👩👧Family: Children's pool, play area, and BBQ zone offer outdoor family space. Phú Mỹ Hưng's international school corridor — SSIS, CIS, and Korean International School — is accessible within a short drive.
🏋️Fitness: Fitness center, adult and children's pools, two tennis courts, and the landscaped pathway around the internal lake provide multiple on-site exercise options.
🏖️Lifestyle: Nine ground-floor retail units bring café and dining options into the complex, complemented by the Canal District park strip and Crescent Mall within easy walking or cycling distance.
🛒Convenience: Basement parking for 105 cars and 184 motorcycles with 24/7 security. All units accessed via semi-transparent panoramic elevators; managed throughout by Phú Mỹ Hưng Corp.
🏊 Pool🌳 Garden🔥 BBQ Area👶 Kids Pool🧒 Play Area🔒 Security🏛️ Clubhouse🅿️ Car Parking🎾 Tennis Court🏋️ Gym🏍️ Motorbike Parking
Location & Commute
Garden Court 2
23 min
District 1 CBD
50 min
Tân Sơn Nhất Airport
58 min
Long Thành Airport
CBD (peak)
35 min
CBD (off-peak)
23 min
Airport (peak)
68 min
Airport (off-peak)
50 min
Long Thành (peak)
67 min
Long Thành (off-peak)
58 min
🚇
Metro
Ben Thanh Station
8.4km
🛍️
Mall
Crescent Mall
1.6km
🛒
Supermarket
Kingfoodmart
Next door
🏫
Schools
Sedbergh Vietnam – BCIS
Next door
🏥
Hospitals
FV Hospital
2.0km
🌳
Park
Công viên Cảnh viên
Next door
Major Roads
Tôn Dật Tiên AvenueNguyễn Đức Cảnh BoulevardNguyễn Văn Linh Parkway
🔇 Moderate Noise🌊 Low Flood🛣️ Not Near Highway
Predominantly expat families and senior Vietnamese professionals drawn by Phú Mỹ Hưng's international school cluster, Crescent Lake setting, and the low-density Canal District environment. Long-term residents predominate — turnover is low relative to newer projects in the wider Phú Mỹ Hưng master plan.
Things to consider (not deal breakers)
⚠️ Traffic
Tôn Dật Tiên and Nguyễn Đức Cảnh intersections slow during school drop-off hours and weekend Crescen...
Tôn Dật Tiên and Nguyễn Đức Cảnh intersections slow during school drop-off hours and weekend Crescent Mall traffic. District 7 is fully car-dependent with no metro access.
→ Multiple alternative routes via Nguyễn Lương Bằng, Lê Văn Lương, and the PMH internal boulevard grid distribute peak-hour traffic and reduce dependence on any single junction.
🌊 Flood Risk
Phú Mỹ Hưng's Canal District is engineered land with a dedicated drainage canal system, giving it si...
Phú Mỹ Hưng's Canal District is engineered land with a dedicated drainage canal system, giving it significantly lower flood risk than most of District 7.
→ Basement parking is designed above the Canal District flood baseline; no significant flooding has been reported at this site since handover.
Sub-zones
🏢
Block I
0 listings
9,6 tỷ - 17,5 tỷ
90 triệu - 130 triệu/m²
🏢
Block II
0 listings
9,6 tỷ - 17,5 tỷ
90 triệu - 130 triệu/m²
🏢
Block III
0 listings
9,6 tỷ - 17,5 tỷ
90 triệu - 130 triệu/m²
Notable Places
Ground-Floor Retail Strip
Nine commercial units (76–426 m²) on the ground floor provide café, dining, and convenience retail within the complex. The range in unit sizes accommodates both small F&B operators and larger service tenants, adding a self-sufficient commercial layer uncommon at this boutique scale.
Ornamental Interior Lake
A decorative lake and landscaped courtyard at the heart of the complex, physically linking all three blocks and serving as the primary outdoor gathering space. For a 5,500 m² boutique project, the central water feature is unusually prominent — setting Garden Court 2 apart from adjacent Canal District peers that rely on standard garden courtyards.
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