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4 of 4 delivered
Phú Mỹ Hưng, Daiwa House Group, Nomura Real Estate, Sumitomo Forestry
4 of 4 sub-zones delivered
Vietnam's only Japanese-Vietnamese joint venture luxury residential project — Japanese build quality, an on-site cherry blossom park, and Phú Mỹ Hưng's master-planned environment make this District 7's most prestigious address.
Midtown Phú Mỹ Hưng is a 5.6-hectare luxury residential development in Tân Phú Ward, District 7, built by a joint venture of Phú Mỹ Hưng with Japanese partners Daiwa House Group, Nomura Real Estate, and Sumitomo Forestry. Four branded phases — The Grande (M5), The Symphony (M6), The Signature (M7), and The Peak (M8) — deliver 2,150 apartments and over 240 shophouses across buildings ranging from 9 to 30 floors, anchored by Sakura Park, Vietnam's first cherry blossom-themed public park designed by Thailand's Landsculptor Studio.
Balanced for both homeowners and investors.
District 7's benchmark for Japanese-quality family living — Sakura Park next door, international schools within walking distance, and an established expat community set Midtown apart from every other Phú Mỹ Hưng project. The main constraint is full car-dependency: no metro in District 7 and a 25–35 minute drive to District 1 until the approved VinSpeed line delivers.
Homeowner: A strong choice for homeowners. Japanese-standard construction by Daiwa House, Nomura Real Estate, and Sumitomo Forestry sets a build quality standard that no other District 7 project matches; on-site Sakura Park and the adjacent Japanese School anchor daily family life without requiring a car. The tradeoffs are real: pricing sits about 10% above the upper-mid peer median, and District 7 remains fully car-dependent until the approved VinSpeed metro line delivers.
Investor: The investment case rests on a proven expat rental market, not speculative upside. About 95% rental occupancy and a mature Japanese/Korean/Western tenant pool provide income stability, but gross yields of 3–4% at current pricing fall short of a high-conviction rental thesis. Exit liquidity is healthy — secondary market is active across all four sub-zones and pink books are issued — but premium pricing and a car-dependent location narrow the resale buyer pool.
| Market range | 95 triệu – 170 triệu/m² |
| Unit price | 8,7 tỷ – 35 tỷ |
| Rent | 26 triệu – 105 triệu/mo |
| Launch price | 63 triệu/m² |
| 1 BR | 17 triệu – 26 triệu/mo |
| 2 BR | 26 triệu – 45 triệu/mo |
| 3 BR | 45 triệu – 70 triệu/mo |
| 4 Beds | 75 triệu – 105 triệu/mo |
| Project | Price | Distance |
|---|---|---|
| Midtown | 119 triệu/m² | — |
| The Ascentia (Phú Mỹ Hưng) | Comparable pricing — also developed by Phú Mỹ Hưng | Adjacent in Phú Mỹ Hưng — different design theme, no Japanese JV partner, smaller scale |
| The Aurora (Phú Mỹ Hưng) | Slightly lower per-m² — newer stock by Phú Mỹ Hưng | Within Phú Mỹ Hưng — newer project with a still-maturing community; Midtown has the mature occupancy and established expat network advantage |
| The Horizon (Phú Mỹ Hưng) | Premium pricing — Nordic design, lakefront Crescent area positioning | Crescent Lake frontage in District 7 — smaller scale (176 units), no Japanese JV advantage, different lifestyle emphasis |
Midtown's secondary market trades at 95–170M VND/m², reflecting steady appreciation with no meaningful supply competition in its Japanese-quality niche.
| Developer | Phú Mỹ Hưng, Daiwa House Group, Nomura Real Estate, Sumitomo Forestry |
| Status | 4 of 4 delivered |
| Total Units | 2150 |
| Towers | 14 |
| Launch Date | 2017 |
| Handover | 2019-06-20 |
| Construction Permit | Approved |
| Pink Book | Issued |
| Legal Notes | All four sub-zones delivered between June 2019 (The Grande) and Q1 2022 (The Peak). Pink books confirmed issued for M5, M6, and M7 in October 2022; M8 (The Peak) pink books expected within 6 months of Q1 2022 handover and believed to be fully issued by mid-2022. Vietnamese nationals hold permanent freehold; foreign nationals eligible for 50-year leasehold. Managed by Công ty CP Phát triển Phú Hưng Thái, the joint-venture entity of Phú Mỹ Hưng and three Japanese partners (Daiwa House, Nomura Real Estate, Sumitomo Forestry). Buyers should verify M8 pink book status with individual unit owners. |
Midtown
| CBD (peak) | 35 min |
| CBD (off-peak) | 22 min |
| Airport (peak) | 69 min |
| Airport (off-peak) | 51 min |
| Long Thành (peak) | 64 min |
| Long Thành (off-peak) | 56 min |
A well-established international community — predominantly Japanese, Korean, and Taiwanese expatriates alongside affluent Vietnamese professionals. The joint-venture with Japanese partners has drawn a notable Japanese resident base; The Peak sub-zone includes a dedicated school bus stop for the nearby Japanese school.
