A 26.69 ha Singapore-standard social housing township in the core of Binh Duong New City
K-Home New City is a social housing township of about 26.69 ha in the core of Binh Duong New City, in Binh Duong Ward, Ho Chi Minh City (before the 2025 administrative merger this was Hoa Phu Ward, Thu Dau Mot City, Binh Duong Province). The legal investor is Nam Kim Industrial Construction Investment JSC, a member of Kim Oanh Group; Kim Oanh Land is the project developer and Kim Oanh Realty the exclusive distributor. The project is presented as the first social housing township in Vietnam master-planned to Singaporean standards, with Surbana Jurong as planning consultant. There are 3,310 products in total, of which about 3,030 fall under the social housing scheme: 1,376 social housing townhouses (released in three phases of 349 + 518 + 509 units, on 60-70 sq m land plots) and about 1,654 social housing apartments across six 19-storey blocks (some sources state 1,666 apartments), with apartment sizes of roughly 25-70 sq m depending on the source. The remainder is around 280-300 commercial townhouses/shophouses aimed at professionals. The township is divided into five subdivisions named after flowers - Bang Lang, Lat Hoa, Ngoc Lan, Hoang Lan and Giang Huong - plus the K-Home Apartment cluster.
On pricing, the approved social housing dossier shows average rates including 5% VAT of about VND 16.5-16.6 million per sq m for the townhouse components and about VND 26.4 million per sq m for the apartment blocks. Translated into unit prices, K-Home Apartment is currently published on the developer's website from about VND 789 million for a studio, from about VND 999 million for a 1-bedroom and from about VND 1.516 billion for a 2-bedroom; at the groundbreaking in May 2025 the figure carried in the press was from VND 777 million per unit. Social housing townhouses are around VND 2.16-2.6 billion per unit with basic furnishing, while commercial townhouses start from about VND 3.93 billion per unit, with some prime retail positions offered far higher, up to around VND 10 billion per unit. Buyers within the social housing scheme have access to preferential financing: a fixed rate from 6.1% per year for 10 years was announced at the groundbreaking on 20 May 2025, alongside a Vietnam Bank for Social Policies package presented at a fixed 6.6% per year for 25 years. Confirm with the developer and the bank which package is actually in force at the time of purchase.
**Legal status and construction progress.** The project received investment policy approval in April 2024 and 1/500 detailed planning approval in August 2024 - these are procedural milestones, not the start of construction. Construction permit No. 332/GPXD was issued on 7 March 2025; on 9 March 2025 the developer broke ground on the Bang Lang subdivision (416 townhouses) together with Elite School, launched to the market in April 2025, and then broke ground on a further 1,200 townhouses, 3 apartment blocks and the sports complex on 20 May 2025 (meaning only 3 of the 6 apartment blocks have started). The most recent social housing application intake ran from 27 November to 27 December 2025, with sales opening on 28 December 2025. By early 2026 many townhouse rows had completed their structural phase and moved on to external finishing, and according to the project website the Lat Hoa subdivision begins handover in April 2026; apartments are expected from Q2/2027. The project lifecycle runs from 2024 to 2032.
**Social housing eligibility.** Because about 3,030 of the 3,310 products are social housing, this is not a project where you simply pick a unit from the inventory list and place a deposit, as you would with an ordinary commercial development. Under the 2023 Housing Law, only Vietnamese citizens who belong to a beneficiary group and satisfy the conditions may buy: they must not already own a home in the locality where the project is located (or must own one whose average floor area per person is below the prescribed level), and their income must be below the prescribed threshold. Applications have to be lodged during the intake rounds announced by the developer, and the buyer list is vetted by the Department of Construction before contracts are signed. In addition, a social housing unit cannot be freely transferred for five years from the date the purchase price is paid in full; during that period it may only be sold back to the developer or to another buyer who qualifies for social housing under the regulations.
**About the developer.** The legal investor is Nam Kim Industrial Construction Investment JSC, a member company of Kim Oanh Group; Kim Oanh Land acts as project developer and Kim Oanh Realty as the exclusive distributor. Kim Oanh Group has many years of activity in the Binh Duong and Dong Nai markets. At K-Home New City specifically, the developer has partnered with Surbana Jurong (Singapore) on master planning and Coteccons on the apartment block foundations, alongside contractors TLT, An Phuoc Binh Duong, Handong and COSACO, with CONINCO as supervision consultant.
**Who is it for?** Since most of the products are social housing, the core buyer group is Vietnamese citizens who belong to a beneficiary group and meet the conditions of the 2023 Housing Law - in particular workers, engineers and specialists employed at VSIP 2 and the neighbouring industrial parks who need a home close to work with a low entry cost. The roughly 280-300 commercial townhouses for professionals suit buyers who want to live and run a business inside a township that already has residents. Conversely, this is not a product for investors chasing the luxury segment or short-term trading: social housing is bound by eligibility screening and a five-year transfer restriction, and foreign individuals are not eligible to buy social housing.
Happy Land tracks the launch phases and primary inventory of K-Home New City directly. Contact us for the original developer price list, the remaining inventory by subdivision, the schedule of the next social housing application intake, the payment terms and loan packages currently in force, and guidance on preparing your eligibility file.
📍 Binh Duong Ward (formerly Hoa Phu Ward, Thu Dau Mot City, Binh Duong Province), Ho Chi Minh City
K-Home New City sits in the core of Binh Duong New City, the new administrative township of the former Binh Duong Province, which since the 2025 reorganisation of administrative units belongs to Binh Duong Ward, Ho Chi Minh City (previously Hoa Phu Ward, Thu Dau Mot City). According to the developer, the site of almost 27 ha has three frontages: Le Lai street, Nguyen Van Linh street and Road No. 8 of the VSIP 2 Industrial Park; some other listing pages instead name the adjoining axes as Le Loi Boulevard or road D5, so the exact street names should be checked against the approved 1/500 planning map before signing any contract. Either way, the project sits beside the backbone roads that run straight to the A1 roundabout, the Administrative Center twin towers and the WTC Binh Duong New City tower, roughly 5 minutes away. That puts it right next to the area's employment core: neighbouring industrial parks such as VSIP 2, VSIP 2A, Dai Dang and Kim Huy are all within a few kilometres, so specialists, engineers and workers can commute without a long journey. Social infrastructure is already in place, with Eastern International University, a network of international schools, a large general hospital and the new city's park system. For regional connectivity, the drive to central District 1 and Tan Son Nhat airport via My Phuoc - Tan Van or the widened National Highway 13 takes about 30-40 minutes; HCMC Ring Road 3 and the planned extension of the Suoi Tien - Binh Duong metro line, both under way, should shorten that further.
Vietnam's first social housing township master-planned to Singaporean standards, with planning design consultancy by Surbana Jurong
A township of about 26.69 ha with 3,310 products and total investment of more than VND 2,725 billion, comprising townhouses, shophouses and six 19-storey apartment blocks
Clearly dated legal and construction milestones: investment policy approval in April 2024, 1/500 detailed planning approval in August 2024, construction permit No. 332/GPXD issued on 7 March 2025, groundbreaking of the Bang Lang subdivision (416 townhouses) and Elite School on 9 March 2025, market launch in April 2025, and a further groundbreaking of 1,200 townhouses + 3 apartment blocks + the sports complex on 20 May 2025
Low entry cost: social housing apartments from about VND 789 million per unit, with a preferential loan package at a fixed 6.1% per year for 10 years announced at the groundbreaking on 20 May 2025; the project website additionally presents a Vietnam Bank for Social Policies package at a fixed 6.6% per year for 25 years for eligible buyers
About 3,030 of the 3,310 units are social housing: only buyers who qualify under the 2023 Housing Law may purchase, applications are submitted during official intake rounds and vetted by the Department of Construction, and resale is restricted for five years
Targeting EDGE green building certification, with about 7.1 ha of greenery and 10 themed parks inside the township
About 3,030 of the project's 3,310 products are social housing. Under the 2023 Housing Law, social housing may only be sold to Vietnamese citizens who belong to a beneficiary group and meet the housing and income conditions; foreign individuals are not among the groups entitled to buy social housing. This applies to both the apartments and the social housing townhouses at K-Home New City, and is settled law rather than an "unconfirmed" point. Only the roughly 280-300 commercial townhouses/shophouses for professionals could potentially be owned by a foreign individual, and only if that portion is classified as a commercial housing project and stays within the cap of 250 landed dwellings per ward-level administrative unit. This is the point for which no confirming document could be found, so obtain written confirmation from the developer before placing any deposit. Eligibility must be checked for the property type, project, specific unit and buyer. Read the foreigner guide →
K-Home New City is a social housing township of about 26.69 ha in Binh Duong Ward, Ho Chi Minh City (formerly Hoa Phu Ward, Thu Dau Mot City, Binh Duong Province). The legal investor is Nam Kim Industrial Construction Investment JSC, a member of Kim Oanh Group; Kim Oanh Land is the project developer and Kim Oanh Realty the exclusive distributor. The project has 3,310 products in total, of which about 3,030 fall under the social housing scheme: 1,376 social housing townhouses and about 1,654 social housing apartments in six 19-storey blocks; the remainder is roughly 280-300 commercial townhouses/shophouses for professionals. The township is divided into five subdivisions - Bang Lang, Lat Hoa, Ngoc Lan, Hoang Lan and Giang Huong - plus the K-Home Apartment cluster, master-planned with Surbana Jurong (Singapore) as consultant and targeting EDGE green building certification.
Under the approved social housing prices (including 5% VAT), the townhouse components average about VND 16.5-16.6 million per sq m and the apartment blocks about VND 26.4 million per sq m. Translated into unit prices, the developer publishes K-Home Apartment from about VND 789 million for a studio, from VND 999 million for a 1-bedroom and from about VND 1.516 billion for a 2-bedroom (the figure reported in the press at the groundbreaking in May 2025 was from VND 777 million per unit). Social housing townhouses are around VND 2.16-2.6 billion per unit with basic furnishing, and commercial townhouses start from about VND 3.93 billion per unit, going considerably higher in prime retail positions. Eligible buyers can access preferential financing at a fixed rate from 6.1% per year for 10 years as announced at the groundbreaking on 20 May 2025, and the project website additionally presents a Vietnam Bank for Social Policies package at a fixed 6.6% per year for 25 years. Prices and policies change with each sales phase - contact Happy Land for the latest price list and available inventory.
About 3,030 of the project's 3,310 products are social housing, so they are not sold on the open market like a commercial development. Under the 2023 Housing Law, the buyer must be a Vietnamese citizen belonging to a beneficiary group and meeting the conditions: not already owning a home in the locality where the project is located (or owning one whose average floor area per person is below the prescribed level), and having an income below the prescribed threshold. Applications must be lodged during the intake rounds announced by the developer - the most recent ran from 27 November to 27 December 2025, with sales opening on 28 December 2025 - and the buyer list is vetted by the Department of Construction before contracts are signed. A social housing unit is also restricted from transfer for five years from the date the purchase price is paid in full; during that period it may only be sold back to the developer or to another eligible social housing buyer. Happy Land can guide you through preparing the application file and notify you of the next intake round.
Not the social housing portion. Under the 2023 Housing Law, the groups entitled to social housing consist only of Vietnamese citizens who meet the housing and income conditions, and foreign individuals are not among them - this applies to both the apartments and the social housing townhouses in the project, and it is settled law rather than a point awaiting confirmation. Only the roughly 280-300 commercial townhouses/shophouses for professionals could potentially be owned by a foreign individual, and only if that portion is classified as a commercial housing project and stays within the cap of 250 landed dwellings per ward-level administrative unit. This is a point the developer should confirm in writing before you place a deposit; Happy Land can help you check it.
K-Home New City is priced Social housing apartments from about VND 789 million per unit (studio), social housing townhouses at roughly VND 2.16-2.6 billion per unit with basic furnishing, and commercial townhouses from about VND 3.93 billion per unit. These are the figures published in the approved social housing dossier and on the developer's website, and they change with each sales phase. (around Theo giá bán nhà ở xã hội được duyệt (đã gồm VAT 5%): các thành phần nhà phố liền kề khoảng 16,5 – 16,6 triệu đồng/m²; khối căn hộ khoảng 26,4 triệu đồng/m².). Contact Happy Land for the detailed price list and current available units.
K-Home New City is developed by Chủ đầu tư pháp lý là CTCP Đầu tư Xây dựng Công nghiệp Nam Kim (thành viên Kim Oanh Group); Kim Oanh Land là đơn vị phát triển dự án và Kim Oanh Realty là đơn vị phân phối độc quyền. Quy hoạch bởi Surbana Jurong (Singapore), thi công phần móng khối căn hộ bởi Coteccons., located in Binh Duong Ward (formerly Hoa Phu Ward, Thu Dau Mot City, Binh Duong Province), Ho Chi Minh City. Project scale: About 26.69 ha, total investment of more than VND 2,725 billion, planned population of roughly 8,326 residents. 3,310 products in total, of which about 3,030 fall under the social housing scheme: 1,376 social housing townhouses (released in three phases of 349 + 518 + 509 units, on 60-70 sq m land plots) and about 1,654 social housing apartments in six 19-storey blocks (some sources state 1,666 apartments) - only 3 of the 6 apartment blocks broke ground, on 20 May 2025. The remainder is roughly 280-300 commercial townhouses/shophouses aimed at professionals (the count differs between sources). The township is divided into five subdivisions - Bang Lang, Lat Hoa, Ngoc Lan, Hoang Lan, Giang Huong - plus the K-Home Apartment cluster..
K-Home New City is currently selling now. Expected handover: Townhouses are handed over in phases from late 2025 and continuing through 2026 (the Lat Hoa subdivision begins handover in April 2026 according to the project website, not independently confirmed); K-Home Apartment units are expected from Q2/2027. Project lifecycle 2024-2032.. Contact Happy Land for the latest construction progress and available units.
K-Home New City (Townhouses, shophouses & apartments (social housing township)) offers: Studio, 1-bedroom and 2-bedroom apartments; townhouses with ground floor + mezzanine + 1 upper floor. Contact Happy Land for floor plans and prices for each unit type.
K-Home New City is located in Binh Duong Ward (formerly Hoa Phu Ward, Thu Dau Mot City, Binh Duong Province), Ho Chi Minh City. Notable connections and amenities: Administrative Center twin towers & A1 roundabout - about 5 minutes' drive; WTC Binh Duong New City tower - about 5 minutes' drive; VSIP 2 Industrial Park - adjoining the project (Road No. 8 frontage); Eastern International University (EIU) - about 5 minutes (indicative).
About 3,030 of the project's 3,310 products are social housing. Under the 2023 Housing Law, social housing may only be sold to Vietnamese citizens who belong to a beneficiary group and meet the housing and income conditions; foreign individuals are not among the groups entitled to buy social housing. This applies to both the apartments and the social housing townhouses at K-Home New City, and is settled law rather than an "unconfirmed" point. Only the roughly 280-300 commercial townhouses/shophouses for professionals could potentially be owned by a foreign individual, and only if that portion is classified as a commercial housing project and stays within the cap of 250 landed dwellings per ward-level administrative unit. This is the point for which no confirming document could be found, so obtain written confirmation from the developer before placing any deposit. Happy Land helps check buyer eligibility, project documents and the specific unit before a transaction.
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