Explore VietnamReal Estate
Explore VietnamPhu My Hung Development Corporation
3 of 3 sub-zones delivered
Phu My Hung's most established expat-focused complex — 10.4 ha with 40% green space, pink books for all 3,131 units, and SC VivoCity at the Phase III doorstep.
Sky Garden is a three-phase residential complex developed by Phu My Hung Development Corporation within the Phu My Hung New Urban Area in Tan Phong Ward, District 7. The 10.4-hectare development spans 35 blocks and approximately 3,131 apartments across Phases I, II, and III, completed between 2004 and 2010. Designed by SURV-Shanghai, the project is recognized with the Vietnam Architects Association 'Exemplary Architecture of the Renovation Period' award and dedicates 40% of the total site area to landscaped gardens, walkways, and green corridors.
Balanced for both homeowners and investors.
Sky Garden is Phu My Hung's most established international complex — 40% green space, all pink books issued, and SC VivoCity at the Sky Garden III sub-zone's doorstep. Buildings from 2004–2010 require a renovation budget and there is no metro in District 7, but the 15-year expat rental track record and proven secondary market make it a solid choice for families and income-oriented investors.
Homeowner: A solid choice for homeowners who prioritise community and legal certainty over building newness. Full pink books across all 3,131 units, 40% green space, and SC VivoCity steps from the Sky Garden III entrance are hard to replicate at this scale in District 7. The tradeoff is real: buildings from 2004–2010 need renovation, evenings can be noisy from nearby bars, and there is no metro — commutes to District 1 take 45–60 minutes at peak hours.
Investor: A proven income play rather than a growth bet. The 15+ year expat rental track record and active secondary market across all three sub-zones give this project stronger liquidity than most similarly priced District 7 alternatives. Gross yields of 3–5% are achievable on furnished, renovated units, but building age renovation costs constrain the net return; Metro Line 7 is a decade away and should not anchor near-term price expectations.
| Market range | 48,8 triệu – 99,7 triệu/m² |
| Unit price | 3,95 tỷ – 8,99 tỷ |
| Rent | 11 triệu – 38 triệu/mo |
| Project | Price | Distance |
|---|---|---|
| Sky Garden | 77 triệu/m² | — |
| Scenic Valley (Phú Mỹ Hưng) | Similarly priced — 70–95M VND/m² secondary | Adjacent in PMH; slightly newer (2011); more park-facing units; similar expat community composition |
| Riverpark Residence (Phú Mỹ Hưng) | Slightly more expensive — 80–105M VND/m² | Riverside Crescent Lake positioning commands a waterfront premium; smaller overall scale than Sky Garden |
| Midtown Phú Mỹ Hưng | 30% more expensive — 90–120M VND/m² | Newer (2020) with larger unit layouts and a stronger amenity package, but a 10–16 year age gap relative to Sky Garden shows in finish quality |
| Developer | Phu My Hung Development Corporation |
| Status | 3 of 3 delivered |
| Total Units | 3131 |
| Towers | 35 |
| Construction Permit | Approved |
| Pink Book | Issued |
| Pink Book % | 100% |
| Legal Notes | Pink books (sổ hồng) have been fully issued for all units across all three phases. Vietnamese nationals hold long-term freehold title; foreign nationals are eligible for 50-year leasehold under Vietnam's condominium regulations. The project was completed between 2004 and 2010 with no outstanding ownership encumbrances. Searched: Sky Garden Phú Mỹ Hưng sổ hồng, Sky Garden pháp lý, Phú Mỹ Hưng quản lý — all sources confirm full issuance. |
Sky Garden
| CBD (peak) | 29 min |
| CBD (off-peak) | 21 min |
| Airport (peak) | 63 min |
| Airport (off-peak) | 49 min |
| Long Thành (peak) | 68 min |
| Long Thành (off-peak) | 60 min |
Approximately 80% of residents are expatriates from Korea, Japan, the United States, and the Philippines — the strongest international concentration among established Phu My Hung complexes. Long-term owner-occupiers and expat families on multi-year corporate leases dominate; vacancy is structurally low, and most units that come to market are sold or re-leased quickly.
