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4 of 6 delivered
Vạn Phúc Group (formerly Đại Phúc Group)
4 of 6 sub-zones delivered · 2 upcoming 2027
The only 198-hectare Saigon River peninsula township with operational hospital, Cambridge school, water park, and 3.4km riverfront park — backed by 95%+ pink books and 10,000+ residents.
198-hectare riverside township on a Saigon River peninsula in Thu Duc. Mix of 2,000+ townhouses, shophouses, villas, and the new Diamond Sky apartment tower. 40% construction density with 60% dedicated to parks, lakes, and waterways.
Better for long-term living than for investing.
Vạn Phúc City is one of the few delivered townships in Thu Duc where residents genuinely do not need to leave for school, hospital, groceries, or riverside recreation — all are operating on-site across a 198-hectare Saigon River peninsula. The binding tradeoff is commute: QL13's persistent congestion and the peninsula's single-road geography make daily CBD travel genuinely painful, a constraint that the ongoing QL13 widening and eventual Metro Line 3B will eventually ease but cannot fix today.
Homeowner: A strong choice for homeowners seeking a fully self-contained riverfront township. The on-site combination of Bệnh viện Vạn Phúc Sài Gòn (350 beds, 17 departments), EMASI Cambridge school, Ocean World water park, and 3.4km The Long Park is rare among delivered projects in Thu Duc — and 95%+ of delivered homes already carry pink books. The honest tradeoff is commute: QL13 is the only road in and out, congestion routinely adds 15–25 minutes at peak, and public transit stops are a long walk away — buyers who drive locally or work within the township live well here; daily CBD commuters should weigh that cost carefully.
Investor: A moderate investment case with real rental income but a narrow exit pool. Shophouse rents of 35–130M VND/month generate commercial yields from an active tenant base of restaurants, retailers, and service businesses inside the township. The risk is liquidity: at ultra-luxury land prices in a single-developer peninsula community, resale relies on sustained premium buyer sentiment — and the Legend Shophouse's 22% primary price drop is a signal that the market is correcting to realistic clearing levels. The QL13 widening and eventual Metro Line 3B are the structural catalysts; both remain years away from completion.
| Market range | 280 triệu – 350 triệu/m² |
| Unit price | 65 tỷ – 80 tỷ |
| Rent | 25 triệu – 130 triệu/mo |
| Launch price | 120 triệu/m² |
| Project | Price | Distance |
|---|---|---|
| Vạn Phúc City | 315 triệu/m² | — |
| Sala Đại Quang Minh (An Khánh, Thu Duc) | Broadly similar pricing tier for low-rise products in the upper-mid to luxury range | More central Thu Duc location near Sala park and the Hanoi Highway corridor; smaller township footprint than Vạn Phúc City |
| Waterpoint (Long An) | Significantly cheaper — lower land cost and value-segment positioning outside HCMC | Masterplanned township in Long An with similar green-space ratio but longer distance to HCMC CBD and no on-site hospital or international school |
The resale and rental markets for established sub-zones are broadly stable; primary shophouse pricing has softened, with The Legend Shophouse recently adjusting to 215M/m² from a 275M/m² launch price.
| Developer | Vạn Phúc Group (formerly Đại Phúc Group) |
| Status | 4 of 6 delivered |
| Total Units | 209 |
| Towers | 2 |
| Launch Date | 2016 |
| Handover | 2018 |
| Construction Permit | Approved |
| Pink Book | Partial |
| Pink Book % | 95% |
| Legal Notes | 95%+ of delivered low-rise units (Vạn Phúc 1, Royal, Golden, Sunlake, Jardin Villas, Mansion) have pink books — over 1,500 homes with full legal documentation. Vietnamese citizens get long-term ownership; foreign buyers get 50-year leasehold (mixed regime). Diamond Sky: construction permit approved, basement completed Q1 2026 (Central Cons as general contractor), superstructure starting Q2 2026, handover targeted Q4 2027. The Legend Shophouse: construction permit approved, sales launched January 2026, no handover date announced. Searched: sổ hồng, giấy phép xây dựng, chủ đầu tư pháp lý — no new government legal decisions found beyond the above. |
Vạn Phúc City
| CBD (peak) | 36 min |
| CBD (off-peak) | 23 min |
| Airport (peak) | 35 min |
| Airport (off-peak) | 31 min |
| Long Thành (peak) | 77 min |
| Long Thành (off-peak) | 67 min |
Upper-middle-class Vietnamese families and business owners, with a growing expat presence. The township's 10,000+ residents are predominantly owner-occupiers — some running shophouses along internal commercial streets, others raising families in the residential sub-zones. The self-contained model with on-site hospital and Cambridge school is the primary draw.
