District 7 (Phu My Hung)

Vietnam's most successful planned city with Crescent Lake, a thriving Korean community, and Singapore-quality urban infrastructure

Updated February 1, 202610 min read

About District 7 (Phu My Hung)

Phu My Hung is the antithesis of Saigon's famous chaos. This 600-hectare master-planned development — a joint venture between Taiwan's CT&D Group and the Vietnamese government — has created a self-contained urban environment with infrastructure that rivals Singapore's new towns. The Crescent Lake serves as the neighborhood's centerpiece, ringed by high-end condominiums, international schools, and a crescent-shaped commercial strip. For investors, District 7 offers the stability of a proven planned community with two decades of track record. The Korean corporate housing market provides a deep, reliable tenant pool with above-average rental budgets. Unlike the speculative frenzy that occasionally grips District 1 or Thu Thiem, Phu My Hung's market moves steadily — a tortoise-versus-hare dynamic that has rewarded patient investors with consistent returns. The area's continued expansion southward and improved expressway access to the Mekong Delta region add further growth catalysts.

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District 7 (Phu My Hung) in Ho Chi Minh City, Ho Chi Minh City, Vietnam

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