The Ori Space Mỹ Hạnh: A Foreign Buyer's Guide (2026)

The Ori Space is a new apartment project in Mỹ Hạnh, a commune on the western edge of Ho Chi Minh City that, as of 2026, has no existing condominium market of its own.

That makes it an unusual case for foreign buyers: the upside is a genuinely early entry price, and the trade-off is a location and a secondary market that are both still unproven.

This guide lays out what is actually confirmed, what is not, and what a foreign buyer should check before reserving.

Happy Land is an independent distribution agent for this project, not the developer — where the developer’s documents leave a question open, we say so rather than filling the gap with marketing language.

What The Ori Space is

The project sits on Gò Hưu street, Mỹ Hạnh commune, in Đức Hòa (Tây Ninh province, on what was Long An before the 2025 administrative merger).

It is developed by Công ty Cổ phần Phương Mai Long An, with BHS Miền Nam as the sales-distribution partner. The full development covers 1.76 hectares across three towers with 1,646 units in total; the first phase, Tower O, has 377 units across 27 floors, plus 13 ground-floor shophouses.

Unit mix in Tower O:

Type	Area	Units
1BR+	42.4 m²	26
2BR	49.8–56.1 m²	312
3BR	83.0 m²	26
Shophouse	41.2–109.7 m²	13

Every apartment has its own balcony and every bedroom has a window with natural light — a detail worth checking against, since it is not standard at this price point in Vietnam. Site coverage is kept to roughly 30%.

Location: genuinely close, on paper

Via the DT824 and Nguyễn Văn Bứa corridors, the developer’s documents put travel times at roughly 5–10 minutes to the Xuyên Á industrial park and Mỹ Hạnh Nam market, 25–30 minutes to Bình Tân/Bình Chánh (still within HCMC), 35–45 minutes to Tân Sơn Nhất airport, and 50–60 minutes to central HCMC.

Planned infrastructure in the area includes Ring Road 3, Ring Road 4, the HCMC–Mộc Bài expressway, a widened National Highway 22, and Metro Line 2 — all still under construction or planning, so treat the travel times as a future-state estimate, not today’s reality.

The area’s economic base is genuine, though: more than a dozen industrial and export-processing zones around Mỹ Hạnh and Đức Hòa employ over 150,000 workers and specialists, which is the demand case for future rental and resale interest.

Price: indicative only, until 3 October 2026

The numbers below come from the developer’s August 2026 sales-training deck — the developer itself labels this stage “rumor” pricing, before VAT, and it is not the final price list.

Payment option	1BR+	2BR	3BR
Standard payment	~VND 1.2 bil	~VND 1.4 bil	~VND 2.1 bil
Early payment (95%)	~VND 1.1 bil	~VND 1.3 bil	~VND 1.9 bil
Initial outlay (10%)	~VND 130 mil	~VND 150 mil	~VND 220 mil

VietinBank (Bắc Sài Gòn branch) has issued a financing proposal covering up to 70% of the property value, over a maximum 35-year term, with a first-year preferential rate of 11% before it floats.

A cash-flow-smoothing option brings the effective monthly payment for a 2BR down to around VND 3.7 million during construction.

None of this is a substitute for reading the actual credit offer once it is issued to you by name.

The official price list — the number that actually matters — is scheduled for release at the launch event on 3 October 2026. Anything quoted before that date, including the table above, should be treated as a planning reference, not a number to commit capital against.

What foreign buyers specifically need to check

Foreign ownership quota is not yet confirmed for Tower O. Vietnam’s Housing Law allows up to 30% of units in an eligible commercial building to be foreign-owned, on a renewable 50-year leasehold, but the developer’s current rollout documents simply do not state this figure for Tower O. Do not treat “long-term ownership” language aimed at Vietnamese buyers as automatically applying to a foreign purchase — ask for the developer’s written confirmation of the foreign quota and your specific unit’s eligibility before you pay a deposit.

There is no resale market yet. Because Mỹ Hạnh has no existing condo market, there is no comparable transaction history to benchmark this project’s pricing or to estimate how liquid the secondary market will be after handover in Q4 2028.

This cuts both ways: it is the reason the entry price is low, and it is the reason an exit is unproven.

Infrastructure timelines are plans, not facts. Ring Road 3, Ring Road 4 and Metro Line 2 are real, funded projects, but their completion dates have moved before in Vietnam and could move again. Underwrite the location on today’s road network, not on the finished infrastructure map.

Legal status so far: detailed planning approval (Decision 11353, 27 June 2025), land-use conversion decision (Decision 5154, 25 September 2025) and a construction permit (Document 818) are in place, and construction has started, with a Ministry of Construction and Tây Ninh provincial site visit recorded on 15 May 2026.

Ask your agent for copies of these documents rather than taking a sales deck’s word for it.

Who this project actually suits

A foreign buyer looking for a rental yield play near District 1 or a school-district base for a family already living in HCMC is very unlikely to be the right fit — the commute is real, and short-term rental demand in a commune with no existing renter base is speculative.

The buyer this project suits is someone underwriting a multi-year, industrial-corridor growth thesis on the western gateway to HCMC, comfortable with a long hold, a low entry price, and genuine uncertainty about both the foreign-quota answer and the resale market at handover.

This article is general information as of August 2026, based on the developer’s sales-rollout documents, and is not legal, tax or investment advice. Prices are indicative and subject to change before the official launch. Verify the foreign-ownership quota, legal documents and current price list directly before committing funds.

Next step

Happy Land maintains a dedicated English-language page for The Ori Space with the full unit mix, payment plans and location detail, and can request the developer’s written confirmation of the foreign-ownership quota for Tower O on your behalf before you reserve.

For the wider legal picture on buying as a foreigner, see our foreigner ownership guide.

Contact Happy Land for the current price list, floor plans and payment-comparison sheet — free of charge, in English.