Explore VietnamReal Estate
Explore VietnamHuong Viet Holdings
2 of 4 sub-zones delivered · 2 upcoming
Balanced for both homeowners and investors.
A proven mid-segment township in An Phu Ward — largely delivered with functioning communities, Metro Line 1 now accessible, and below-peer pricing across the established sub-zones. Palm River adds a new primary-market riverside option at a premium, but its Q4 2028 handover and the post-Keppel developer transition require due diligence before committing.
Homeowner: A solid homeowner choice in one of Thu Duc City's most established mid-to-upper residential corridors. The delivered sub-zones carry functioning communities with issued pink books, AIS Saigon international school is nearby, and Metro Line 1 now connects the ward directly to central HCMC. The tradeoffs are high ambient road noise and partial pink book coverage — Palm River units remain pre-handover with books pending until post-2028.
Investor: A defensible income play anchored by An Phu's expat rental demand and an active secondary market for the delivered sub-zones. Palm Garden and Palm Heights generate roughly 3–5% gross yields with documented resale transactions. The Keppel Land divestment and Palm River's pre-handover status are the headline risks; Palm River's primary pricing at 55–65M/m² leaves limited short-term capital upside over resale comps at 50–56M/m², making the Metro Line 1 catalyst the key variable for appreciation.
| Market range | 43 triệu – 65 triệu/m² |
| Unit price | 2,2 tỷ – 8,5 tỷ |
| Rent | 10 triệu – 60 triệu/mo |
| Launch price | 30 triệu/m² |
| Project | Price | Distance |
|---|---|---|
| Palm City | 52 triệu/m² | — |
| Masteri An Phú | Similarly priced to 10% above on resale | Same An Phu Ward corridor with direct Hanoi Highway exposure; more established brand and secondary-market depth |
| Vinhomes Grand Park | Similarly priced at the mid-segment level but farther east | Much larger township in Long Binh with significantly more on-site amenities; longer commute to central HCMC, stronger in-project lifestyle but weaker external school access |
| Metropole Thủ Thiêm | 60–80% more expensive | Luxury waterfront in Thu Thiem new urban area; higher-grade finishes, direct river frontage, and a different buyer profile |
Palm City's resale market is active across delivered sub-zones at 50–74M/m² depending on unit type, while Palm River adds fresh primary supply at 55–65M/m² following its April 2026 launch.
| Developer | Huong Viet Holdings |
| Status | 2 of 4 delivered |
| Pink Book | Partial |
| Legal Notes | Developer entity is Nam Rạch Chiếc Company (joint venture). Keppel Land divested its 42% stake to Gateway Thủ Thiêm in March 2025; current controlling developer is Gateway Thủ Thiêm. Palm Heights (handed over Q2–Q3 2019) and Palm Residence (handed over 2017) have pink books issued. Palm Garden had a deposit-contract termination incident in May 2021; secondary-market transactions as of 2026 suggest Palm Garden units were eventually delivered. Palm River is pre-handover (expected Q4 2028), pink books pending. Searches: Palm City sổ hồng, Palm City Keppel pháp lý, Nam Rạch Chiếc chủ đầu tư. |
Palm City
| CBD (peak) | 35 min |
| CBD (off-peak) | 27 min |
| Airport (peak) | 57 min |
| Airport (off-peak) | 50 min |
| Long Thành (peak) | 48 min |
| Long Thành (off-peak) | 45 min |
Palm City draws a mix of HCMC professionals and expatriate families attracted by the An Phu address, proximity to AIS Saigon, and the established sub-zones with functioning communities. The township's riverside setting and wellness-oriented Palm River sub-zone are positioned to appeal to buyers who value lifestyle differentiation within the mid-to-upper price range.
