Explore VietnamReal Estate
Explore VietnamPhú Mỹ Hưng Development Corporation (Central Trading & Development Group - Taiwan)
Vietnam's only government-certified model urban area — 30 years of unified master planning, international schools, and expat-density network effects that no competitor district can replicate.
A 433-hectare master-planned urban area in District 7, developed by Phú Mỹ Hưng Development Corporation (a Taiwan-HCMC joint venture). Recognized by Vietnam's Ministry of Construction as a model urban area, it houses over 100,000 residents across eight planned districts with 26% construction density and FAR 1.6. Roughly half of residents are foreign expatriates — primarily Korean, Japanese, and Taiwanese.
Balanced for both end-users and investors.
The most mature expat district in HCMC, now backed by a real bridge pipeline. Unmatched for international schooling and rental-to-foreigners economics — and the 2028 Thủ Thiêm 4 opening will finally compress the District 1 commute that has capped capital upside for years.
| Project | Price | Distance |
|---|---|---|
| Phú Mỹ Hưng | 75 triệu/m² | — |
| Thảo Điền (Quận 2) | Comparable to PMH high-end; older stock 10-15% cheaper | Closer to District 1 but fragmented planning and flood-prone streets |
| Vinhomes Central Park (Bình Thạnh) | 15-25% more expensive per m² for equivalent segment | Single-developer mega-project, closer to CBD, less expat community depth |
| The Global City (Quận 2) | 10-20% higher primary pricing for equivalent specs | Newer master plan, not yet mature — no on-site hospitals or established schools |
End-user: Phú Mỹ Hưng is the gold standard for family living in HCMC: unmatched international school density (SSIS, RMIT, Fulbright, Japanese, Korean, Taiwanese), on-site FV and Tâm Đức hospitals, Crescent Mall, low noise, mature expat community, and pink books widely issued. The 8.1 reflects exceptional livability, project quality, and legal clarity, weighed down by a real 30–45 min peak commute to District 1, no operational metro, mature (premium) pricing, and moderate peripheral flood risk.
Investor: Strong rental case (5–7% yields, 90%+ occupancy in well-managed buildings, broad expat tenant pool) and very clean legal stock support a solid investor score. The 7.9 reflects honest tradeoffs: prices have been flat to +3%/year for three years, capital upside is limited, foreign 30% caps are nearly hit in some buildings, and the tenant pool — though sticky — skews narrower (expats, upper-mid Vietnamese) than mass-market districts.
| Market range | 40 triệu – 150 triệu/m² |
| Unit price | 3 tỷ – 150 tỷ |
Prices have held flat to +3-5% annually as PMH 2.0 launches reset the primary benchmark upward. Rental occupancy stays above 90% in well-managed buildings; the real pull on the urban area is the 2026-2028 wave of bridges (Thủ Thiêm 4, Cần Giờ, Phú Mỹ 2) and the eventual Metro Line 4.
| Developer | Phú Mỹ Hưng Development Corporation (Central Trading & Development Group - Taiwan) |
| Construction Permit | approved |
| Pink Book | issued |
| Legal Notes | Pink book issuance reached ~80% of sold units across the township by end-2022 and continues to advance. Long-term ownership for Vietnamese citizens; 50-year ownership for foreigners per Housing Law caps. Several buildings have approached the 30% foreign ownership ceiling — verify Section C quota before purchase. Phu My Hung Management Services oversees township utilities and common areas. |
