Selling now Foreign quota
Masterise Homes · Luxury apartment & integrated township
The Global City
Binh Trung Ward (former An Phu Ward, Thu Duc City), Ho Chi Minh City
Riverside apartments in a 30-ha gated township in An Phu, next to Thu Thiem and the An Phu interchange.
Palm City's new apartment phase is a high-end riverside block within the ~30.2-ha gated Nam Rach Chiec township in An Phu Ward, Thu Duc City (former District 2), right beside Thu Thiem and the An Phu interchange on Ring Road 3. The project was developed by the Keppel Land – Tran Thai – Tien Phuoc joint venture; Keppel divested in 2025 and the new phase is carried on by the Nam Rach Chiec entity, featuring 35-storey towers with 1–3BR layouts.
Happy Land provides the original developer price list (bảng giá gốc) and live unit inventory (giỏ hàng), assisting with unit selection, legal guidance and sales policies for the new apartment phase.
Giai đoạn trước
Palm Residence & Palm Heights completed — an established community
2025
Keppel divests; Huong Viet Properties takes over development
06/2026
Township kick-off & launch of the Palm River subdivision
07/2026
Wins 2 Dot Property Vietnam Awards 2026
09/2026
Palm River round 1 sales open (per brokers)
2026 – 2030
Phased development & handover (as announced by the developer)
*"Expected" milestones follow the developer's files at the time of update and may change.
📍 An Phu Ward, Thu Duc City (former District 2), HCMC
Palm City sits within the Nam Rach Chiec new urban area, fronting the Song Hanh service road of the HCMC–Long Thanh–Dau Giay expressway in An Phu Ward, Thu Duc City (former District 2), HCMC. The 30+ hectare riverside township borders Lakeview City and Do Xuan Hop Street to the east. For connectivity, it lies about 1km from the An Phu interchange, giving direct access to the Long Thanh–Dau Giay expressway toward Dong Nai, Vung Tau and Binh Duong, plus quick links to Hanoi Highway and the An Phu station of Metro Line 1. The city center (District 1) is roughly 15 minutes away, Thu Thiem new urban area about 5 minutes, and Tan Son Nhat airport around 20 minutes. Surrounding amenities are abundant: Vincom Mega Mall Thao Dien, Estella Place, Parkson Cantavil malls, MM Mega Market An Phu supermarket, plus AIS, ISHCMC and BIS international schools and the Rach Chiec golf course nearby.
Set in the ~30.2-ha Nam Rach Chiec township fronting Song Hanh Road in An Phu Ward, Thu Duc City
Adjacent to the Thu Thiem Financial Center, the An Phu interchange and Ring Road 3, with fast links to downtown and the Long Thanh expressway
Developed by the Keppel Land – Tran Thai – Tien Phuoc joint venture; Keppel divested in 2025 and the new phase is carried on by the Nam Rach Chiec entity
Palm Heights apartment zone of 35-storey towers offering 1–3BR layouts, all units with private balconies/loggias
Complete in-township amenities: pools, an international school, a retail zone and riverside parks
Apartment blocks subject to the 30% foreign-ownership cap (remaining quota to be confirmed per tower) Eligibility must be checked for the property type, project, specific unit and buyer. Read the foreigner guide →
Yes - the apartment subzone at Palm City (An Phu, Thu Duc / former District 2) applies the 30% foreign-ownership quota (50-year leasehold). Palm River opened its first sales phase in 09/2026 with handover expected Q4/2028 (brokers) / Q1/2029 (developer), so it is an off-plan purchase - confirm the remaining foreign room per tower with Happy Land.
Palm City is an established, well-regarded township in An Phu - one of the most prestigious eastern areas of HCMC, near international schools and the An Phu interchange - so the location supports strong expat rental. The new phase is off-plan, so verify progress before any deposit. Yield depends on your entry price. Reference only, not investment advice.
An Phu (Thu Duc) is a prime, expat-favoured eastern district with international schools, amenities and quick access to District 1 and the Long Thanh expressway. Palm City is an already-established township there with delivered earlier phases you can inspect, which many foreign buyers prefer over an isolated new project. As the new apartment phase is off-plan, verify the developer and progress before buying.
Palm City (Palm River) is priced Palm River from ~VND 6.3bn (studio) · ~VND 168m/m² incl. VAT & maintenance fund, before discounts (indicative, 09/2026) (around ~168 million VND/m² (reference · net area, incl. VAT & maintenance fee, before discounts · broker data 09/2026)). Contact Happy Land for the detailed price list and current available units.
Palm City (Palm River) is developed by Hương Việt Properties – Nam Rạch Chiếc Co., Ltd., located in An Phu Ward, Thu Duc City (former District 2), HCMC. Project scale: ~30.2 ha township; Palm Heights apartment zone ~9.4 ha, 35-storey towers.
Palm City (Palm River) is currently selling now. Expected handover: Palm River: first sales phase from 09/2026 · expected handover Q4/2028 (brokers) / Q1/2029 (developer). Contact Happy Land for the latest construction progress and available units.
Palm City (Palm River) (High-end riverside apartments) offers: 1 – 3BR. Contact Happy Land for floor plans and prices for each unit type.
Palm City (Palm River) is located in An Phu Ward, Thu Duc City (former District 2), HCMC. Notable connections and amenities: An Phu interchange / Long Thanh - Dau Giay expressway - ~1 km / 2 min; An Phu Metro station (Line 1) - ~3 km / 5 min; Vincom Mega Mall Thao Dien - ~3 km / 5-7 min; Estella Place & Parkson Cantavil malls - ~2-3 km / 5 min.
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