The Ascentia - Boutique Condo in Phú Mỹ Hưng, District 7
Phu My Hung Development Corporation
Delivered 2022 · Pink books issued
Bauhaus-designed boutique luxury — one of Phú Mỹ Hưng's most architecturally distinctive low-density projects, with the zone's first 1-bedroom condo offering
💰 6,1 tỷ – 13,5 tỷ📏 110 triệu/m²🏗️ Delivered 2022🏢 260 units
The Ascentia is a boutique apartment project by Phu My Hung Corporation in the Nam Viên subdivision of Phú Mỹ Hưng, District 7. Designed by Axel Korn and Phan Thuy Ngoc of Korn Architects in Bauhaus style, the project comprises 242 apartments and 18 shophouses across two 15-storey blocks on a 4,680 m² site. Notable as the first Phú Mỹ Hưng project to offer 1-bedroom units and duplex apartments, expanding access to the PMH ecosystem at a lower entry price.
Project news
Pink books issued for The Ascentia units
Legal · Dec 2022 · domo.vn
Neighborhood
82*
Family Score
Excellent
Family appeal is exceptionally strong here. Kid's World preschool is 100 m away, Korean International School HCMC is nearby for K-12, and Sakura Park is nearby — school runs and weekend green space are all within easy reach.
90
Leisure Score
Excellent
Leisure options are dense at street level. The ground-floor shophouses along Nguyễn Lương Bằng host a broad mix of cafés, casual dining, and specialty restaurants, with Crescent Mall nearby for wider retail.
79
Convenience
Good
Daily convenience is as strong as it gets. Aeon Citimart is next door for grocery runs, and Annam Gourmet is at the base of the building in the ground-floor shophouses.
67
Health
Good
Medical access is well-rounded. FV Hospital — one of HCMC's top private hospitals — is 1.6 km away, and dental clinics and a pharmacy are within a short walk.
65
Transit Access
Good
Bus access is adequate, with stops within a few minutes' walk on Nguyễn Lương Bằng; the nearest metro station is Opera House at 7.6 km.
77
Commute Ease
Good
40 min to Q1 Bến Thành via 139 → 31. 1 min walk to bus stop, 1 transfer.
3
Nightlife
Below Avg
Nightlife is solid for a residential district, with a well-regarded pub within walking distance and a cluster of bars and casual late-night venues along the immediate street frontage.
34
Quietness
Below Avg
Quiet evenings are not the norm here. Several bars and a karaoke venue within 150 m on Nguyễn Lương Bằng produce consistent ambient noise on evenings and weekends — buyers should factor this in with an evening visit.
* Score includes on-site amenities that are planned or under construction, not yet open.
Domo Scores™
7.7
🏠 Homeowner
Good
7.3
📈 Investor
Solid
Better for long-term living than for investing.
The Ascentia is Phú Mỹ Hưng's most architecturally distinctive boutique project — Bauhaus design by Korn Architects, issued pink books, and walking access to international schools and FV Hospital within 1.6 km. The compact 0.47 ha site and high ambient noise from bars and karaoke on Nguyễn Lương Bằng are the honest trade-offs buyers should verify with an evening visit.
🏠 Homeowner
Value
6.9
Livability
8
Legal & delivery
8.7
Location & connectivity
7.3
📈 Investor
Value
6.9
Returns & exit
7.2
Legal & delivery
8.7
Location & demand
7
Why the scores differ
Homeowner: A well-suited choice for homeowners seeking boutique quality in Phú Mỹ Hưng. Pink books are issued, Korean International School HCMC is nearby, FV Hospital is 1.6 km away, and the street-level shophouse strip delivers daily cafés and dining without a car trip. The compact 0.47 ha site means no resort lawn or large park on-site, and bars and karaoke within 150 m produce meaningful evening noise — both are honest limitations buyers should verify before committing.
Investor: A stable capital-preservation hold in a mature PMH address rather than a high-yield play. Resale has appreciated roughly 65% since the 2019 launch and the boutique 242-unit supply keeps competing listings thin, but gross rental yields of 3–4% sit below the income threshold that justifies a yield-first strategy. The Phu My 2 Bridge (approved, groundbreaking 2026) and a planned Metro Line 4 along Nguyễn Hữu Thọ are medium-term upside to factor in — not to rely on.
Price & Market
Current Market Price
110 triệu/m²
📈+67% since launch
Market range
93 triệu – 125 triệu/m²
Unit price
6,1 tỷ – 13,5 tỷ
Rent
15 triệu – 45 triệu/mo
Launch price
66 triệu/m²
Est. Rental Yield3.7%
•🟢 Pink books issued and handover completed April 2022 on schedule — full legal certainty removes a key due-diligence barrier for both buyers and lenders
•🟢 Boutique supply of 242 units creates natural scarcity — resale listings are thin, which supports the price floor and limits downward pressure from competing inventory
•🟡 At ~110M/m² on the upper-mid peer median, the project is fairly priced rather than discounted — there is limited margin of safety for short-term buyers; verify comparable resale transactions before purchasing
•🟡 1-bedroom units (44 of 242) serve a niche in PMH where 2–3BR rental demand dominates — useful for diversifying a rental portfolio, but not the primary driver of tenant demand in this zone
•🔴 High ambient noise from bars and karaoke within 150 m on Nguyễn Lương Bằng — this is a structural characteristic of the address, not a temporary condition, and directly affects livability for noise-sensitive residents
Is this a good deal?
Project
Price
Distance
Ascentia
110 triệu/m²
—
Antonia
118 triệu/m²
0.1 km
Aurora
90 triệu/m²
0.4 km
Should you buy here?
Best for:
✓Expat families and professionals working within or near Phú Mỹ Hưng
✓Families with children enrolled in the Korean, Japanese, or Canadian international schools nearby
✓Design-conscious buyers who value architectural character in their living environment
✓Buyers seeking a PMH address at a lower entry price than larger towers in the zone
Not ideal for:
✗Homeowners sensitive to evening noise — bars and karaoke within 150 m require a tolerance for Nguyễn Lương Bằng street activity
✗Buyers expecting a large resort-style amenity pool, extensive ground-level lawns, or a full clubhouse
✗Daily District 1 commuters who need metro connectivity in their current living situation
Market Trends
Resale prices sit at 108–122M/m² across unit types in 2026, reflecting roughly 65% appreciation from the 2019 launch at 62–70M/m²; thin boutique supply keeps the price floor intact, though transaction volume is slow relative to larger PMH towers.
Decision Factors
Strengths
✓Pink books issued and long-term ownership confirmed — full legal certainty in a boutique project where Phu My Hung Corporation has a documented clean handover track record
✓Bauhaus architecture by Korn Architects — genuine design identity that distinguishes the project from the generic mid-rise towers dominating the PMH streetscape
✓School-hospital corridor within walking distance: Korean International School HCMC nearby, Kid's World preschool 100 m away, FV Hospital 1.6 km — the combination is rare at this unit density
✓Resale has appreciated roughly 65% since the 2019 launch (62–70M/m² → ~108–122M/m²); boutique 242-unit supply limits competing listings and supports the price floor
Tradeoffs
!Compact 0.47 ha site: on-site outdoor space is a 3rd-floor podium pool and a three-zone rooftop garden — no ground-level park, resort lawn, or full clubhouse that larger PMH towers offer
!Gross rental yields of 3–4% are structurally capped by PMH's premium price base — this is a capital-appreciation address, not an income play
Watch items
?Evening noise: bars and a karaoke venue within 150 m on Nguyễn Lương Bằng — do an evening site visit before committing; the quietness score is at its floor
?Infrastructure catalysts carry 2–5 year timelines: Phu My 2 Bridge groundbreaking in 2026, Metro Line 4 along Nguyễn Hữu Thọ not expected before 2027 — current D1 commute is 40 min by bus
Unit Types
Apartments
1BR
1 Beds · 1 Baths · 48.84–55.8 m²
6,1 tỷ – 6,9 tỷ
122 triệu/m²
Rent: 15 triệu - 20 triệu/mo
Singles & couples
2BR
2 Beds · 2 Baths · 75.18–84.05 m²
7,65 tỷ – 10 tỷ
110 triệu/m²
Rent: 17 triệu - 30 triệu/mo
Young families
Duplex
2–3 Beds · 2–3 Baths · 128.92–181.59 m²
Under review
≈ 14,18 tỷ – 19,97 tỷ est.
110 triệu/m²
Young families
3BR
3 Beds · 2 Baths · 106.23–108.8 m²
10 tỷ – 13,5 tỷ
109 triệu/m²
Rent: 27 triệu - 45 triệu/mo
Growing families
Penthouse
3–4 Beds · 3–4 Baths · 121.16–224.73 m²
Under review
≈ 13,33 tỷ – 24,72 tỷ est.
110 triệu/m²
Growing families
Shophouses
Shophouse
0 Beds · 1 Baths
Under review
—
110 triệu/m²
Singles & couples
Project Details
Developer
Phu My Hung Development Corporation
Status
Delivered 2022
Total Units
260
Towers
2
Legal Information
Launch Date
2019
Handover
2022-04
Construction Permit
Approved
Pink Book
Issued
Legal Notes
Handover completed April 2022 on schedule. Pink books are issued; Phu My Hung Corporation reported an ~80% issuance rate across all its projects by end-2022, and no disputes or delays specific to The Ascentia have been reported. Long-term ownership for Vietnamese citizens; 50-year for eligible foreigners.
Amenities
👨👩👧Family: Children's pool and playground on-site. Multiple international schools — Japanese, Korean, Canadian, and Taiwanese — are within walking distance in Phú Mỹ Hưng. Pháp Việt and Tâm Đức hospitals are nearby.
🏋️Fitness: 3rd-floor overflow pool with children's pool and jacuzzi. On-site gym with modern equipment, yoga studio, and separate men's and women's saunas. The 3-zone rooftop sky garden includes an outdoor yoga and relaxation area.
🏖️Lifestyle: 18 ground-floor shophouses on Nguyễn Lương Bằng provide café, restaurant, and retail options at the base of the building. Crescent Mall and the Midtown commercial complex are within the Phú Mỹ Hưng zone.
🛒Convenience: Car and motorbike parking in basement levels with 24/7 security and concierge. Approximately 300 m to the nearest bus stop on Nguyễn Lương Bằng.
🏊 Pool♨️ Sauna🌳 GardenRooftop🛗 Elevator👶 Kids Pool🧒 Play Area🔒 Security🧘 Yoga🛎️ Concierge🌿 Sky Garden🅿️ Car Parking🏋️ GymShophouse Street🏍️ Motorbike Parking
Location & Commute
Ascentia
53 min
Tân Sơn Nhất Airport
22 min
District 1 CBD
56 min
Long Thành Airport
Airport (peak)
71 min
Airport (off-peak)
53 min
CBD (peak)
37 min
CBD (off-peak)
22 min
Long Thành (peak)
64 min
Long Thành (off-peak)
56 min
🚇
Metro
Opera House Station
7.6km
🛍️
Mall
Crescent Mall
Nearby
🛒
Supermarket
Aeon Citimart (Tân Phú)
Next door
🏫
Schools
Korean International School HCMC
Nearby
🏥
Hospitals
FV Hospital
1.6km
🌳
Park
Sky Garden
On-site
Major Roads
Nguyễn Lương Bằng Avenue — the main commercial boulevard of Phú Mỹ Hưng, runs past the project's ground-floor shophousesNguyễn Văn Linh Parkway — the main east-west arterial connecting District 7 to the wider city network
🔇 High Noise🌊 Low Flood🛣️ Not Near Highway
Predominantly owner-occupiers and long-term residents drawn to Phú Mỹ Hưng's planned environment, international schools, and clean streetscape. The 1-bedroom and duplex units attract young professionals and expat couples; 3-bedroom units appeal to established families with children in the nearby Korean, Japanese, and Canadian international schools. The boutique scale of 242 units creates a close-knit community feel uncommon in larger PMH developments.
Things to consider (not deal breakers)
⚠️ Traffic
Nguyễn Văn Linh and Nguyễn Lương Bằng intersection can congest during morning and evening peaks. The...
Nguyễn Văn Linh and Nguyễn Lương Bằng intersection can congest during morning and evening peaks. The Cả Cấm 2 bridge, approximately 300 m from the project, is a pinch point for northbound traffic toward central District 7.
→ Multiple internal PMH roads provide alternate routes. The Midtown interchange and Crescent area distribute vehicle flow across several access points.
🌊 Flood Risk
Nam Viên sits within Phú Mỹ Hưng's planned drainage zone. The Cả Cấm River channel runs along the ea...
Nam Viên sits within Phú Mỹ Hưng's planned drainage zone. The Cả Cấm River channel runs along the eastern boundary; minor surface pooling can occur during heavy rain but persistent flooding is rare given the PMH drainage infrastructure.
→ PMH's elevated ground levels and purpose-built drainage have historically kept this zone better protected than broader District 7 areas during heavy rain events.
Sub-zones
🏢
Block A
0 listings · 120 units
6,1 tỷ - 13,5 tỷ
93 triệu - 125 triệu/m²
🏢
Block B
0 listings · 122 units
6,1 tỷ - 13,2 tỷ
93 triệu - 125 triệu/m²
Notable Places
3rd-Floor Pool Deck
Outdoor overflow pool of approximately 30 m on the 3rd-floor podium facing Nguyễn Lương Bằng, with an adjacent children's pool and jacuzzi. Having the pool deck elevated off the ground on a dedicated amenity floor is uncommon in boutique mid-rise buildings of this scale in District 7.
Sky Garden
Three-zone rooftop garden with separate walking and relaxation, outdoor yoga, and children's play areas. One of the few multi-functional rooftop gardens in a boutique District 7 condo.
Spa & Wellness Centre
On-site spa with dedicated yoga studio and separate men's and women's sauna rooms. Uncommon in boutique mid-rise projects of this scale in District 7.
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