Phu My Hung, one of the oldest real estate companies in Vietnam, has turned a swamp in Ho Chi Minh City into one of the most livable places in the country and the first model urban area in Vietnam. The journey of transforming a wild marsh into a living space equipped with full services and utilities in a harmonious landscape of greenery, water, and sky is proof of the company’s bold, strategic vision.
Two signature projects that mark Phu My Hung’s imprint in Ho Chi Minh City are the Nguyen Van Linh Parkway and the Phu My Hung Urban Area. They have played an important role in changing the face of the south of the city, improving infrastructure quality, and creating a new, refreshing living space.
Phu My Hung currently has one of the lowest population densities in Vietnam, planned for only 100,000 residents across 433 hectares.
Phu My Hung has an average green space per capita of 8.9 square meters, a number that far exceeds the average standard in major cities. In addition, the natural canal system has been preserved and promoted, which is why Phu My Hung is a so-called southern riverside urban area. The traffic system is optimally planned to protect the environment, using a grid pattern to avoid congestion during peak hours. The roads have wide pavements and many trees, and amenities are located within walking distance to encourage people to reduce the use of motor vehicles. The buildings are constructed with a user-friendly spirit.
Phu My Hung is known as an independently developed urban area thanks to its system of utilities that serve all aspects of life, such as healthcare, education, commerce, finance, shopping, entertainment, and more. Notable landmarks within Phu My Hung include FV Hospital and Tam Duc Heart Institute, while Tam Anh Hospital is building two new facilities. The Crescent, a community hub that brings together various commercial, shopping, and entertainment amenities, has long been a popular destination for city residents. The Saigon Exhibition and Convention Center (SECC), a trade promotion service for international conferences and exhibitions, has also made a name for itself by attracting millions of visitors annually.
It is this harmony between architecture, nature, and convenience that has provided an ideal, relaxing, and friendly living environment for residents.
After the emergence of Phu My Hung, many other real estate projects also started pouring into the south of Ho Chi Minh City, helping it become one of the most dynamically developing and high-value real estate investment areas.
With its large scale and credibility in project implementation, Phu My Hung has helped build investor confidence, encouraged continued investment in the Vietnamese real estate market. Subsequent projects in the Saigon South area, along with strong market growth, have created a chain of successive developments from international investors. This has contributed to building an internationally recognized brand for Phu My Hung and has also opened opportunities to attract other foreign investors to Vietnam.
Expanding to the North with Hong Hac City in Bac Ninh province
On June 14, Phu My Hung Development Corporation launched the first product batch from the Hong Phat subdivision (it’s called F1-1 zone) in Hong Hac City in Bac Ninh province.
This event marks a strategic step forward for the southern real estate giant after more than 32 years of focusing on the Ho Chi Minh City market, ushering in a new era for both Phu My Hung and the northern real estate market.
Initially, Phu My Hung will focus on the land-attached housing segment, a high-value product in the market. Later, the project will be diversified with other types of products, including apartments, to meet market demand.
The Hong Phat subdivision, located at the gateway of Hong Hac City, is synchronously planned with more than 1,000 townhouses, semi-detached villas, and detached villas, expected to be completed by the end of 2027. The first launch sales phase will focus on thethe F1-1 zone with a limited number of units.
The prime location of the subdivision is also a major advantage. Situated near key routes such as provincial roads 282 and 283, the project is just over 20 kilometers from Bac Ninh city center and Hanoi, and 40 kilometers from Noi Bai Airport. Additionally, the quick connectivity to major industrial parks like Vietnam Singapore Industrial Park (VSIP), Yen Phong, and Dai Dong-Hoan Son within a 15 kilometers radius brings significant potential for increased value.
One of the key factors providing peace of mind for buyers is legal transparency. All houses in the Hong Phat subdivision have been granted land use rights certificates and house ownership certificates. This ownership allows to be transferred early to buyers upon handover, ensuring maximum benefits for customers.
Moreover, choosing Bac Ninh, one of the most dynamic industrial centers with the fastest urbanization rate in the North, to develop Hong Hac City is not only a sound decision but also reflects Phu My Hung’s long-term vision.
Phu My Hung wants to spread its people-centric urban development philosophy, which has made its name in Saigon South for over the last three decades, aiming to build a civilized and connected community. In addition, Hong Hac’s strong point lies in its fully planned utilities for healthcare, education, culture, commerce, and more to provide its residents with the best services.
Hong Hac City is not just a real estate venture but a symbol of a new urban area that encompasses strong legal foundations, a reputable investor, and long-term living value. This is a promised opportunity for both investment and living in the northern market.
Bich Ngoc
