Selling now Eligibility: ask
Văn Phú - Invest (VPI) · Premium riverside apartments
Vlasta Premier
District 7, HCMC
A limited 114-residence tower on Crescent Lake, in the core of Phu My Hung
About the developer. Phu My Hung Development Co., Ltd. is a joint venture between Phu My Hung Asia Holdings (part of Taiwan's CT&D Group) with 70% and Tan Thuan Industrial Promotion Company (IPC) with 30% contributed as land use rights - in other words a Vietnam-Taiwan joint venture rather than a wholly foreign-owned company.
It has master-planned and developed Phu My Hung New City Centre since 1993, an area now home to more than 60,000 residents with a very high proportion of foreigners.
For The Regency specifically, the HCMC Department of Construction confirmed in a document dated 18 November 2025 that the 114 apartments meet the conditions for sale as future-formed housing; buyers should ask for a copy of that document together with the bank guarantee letter when signing the contract.
The phase 1 payment policy is presented as an extended schedule: around 20% on signing the contract, the balance spread across construction milestones, with most of the value paid only at handover and the final 5% when the pink book (so hong) is issued.
Handover is expected in Q4 2027; some sales materials state December 2027 specifically, while a few agents cite a handover payment milestone in 2028 - so the handover date remains an estimate.
Who is it for?
With only 114 units in total, The Regency's inventory is thin and moves quickly after the first launch; the units still available by floor and by view orientation, as well as the room left in the foreign ownership quota, need to be confirmed directly with the developer.
Happy Land provides the original price list unit by unit, the current inventory, payment policies and prevailing incentives, and also supports legal checks and purchase procedures for foreign buyers.
Contact Happy Land for the latest price list and the current list of available units.
📍 Tan My Ward (formerly Tan Phu Ward, District 7), Ho Chi Minh City
It is a rare address, sitting directly beside Crescent Lake (Ho Ban Nguyet) and Starlight Bridge (Cau Anh Sao), the two landscape icons of the southern city area, and only a few steps from Crescent Mall.
Everything around it has been running smoothly for years: the shopping centre, the lakeside restaurant strip, the pedestrian street, the lakeside park, and the Saigon Exhibition and Convention Center (SECC) about five minutes away by car.
International education and healthcare surround the site - RMIT University, Saigon South International School, the Japanese school, the Korean school, FV Hospital and Tam Anh General Hospital District 7, all within a few minutes' travel.
For access, the project connects quickly to Nguyen Van Linh Boulevard, the backbone of the southern area linking Phu My Bridge towards Thu Duc and National Highway 1A; crossing Kenh Te Bridge into central District 1 takes about 15 minutes outside peak hours.
Unlike newer townships, Phu My Hung's internal infrastructure is already complete, so residents do not have to wait for amenities to take shape after moving in.
Developed by the Phu My Hung joint venture (Phu My Hung Asia Holdings - Taiwan's CT&D with 70%, and IPC with 30%), the team that has developed Phu My Hung New City Centre since 1993
Phase 1 launched on 29 November 2025, construction started on 28 February 2026, handover expected in Q4 2027
As a condominium project, foreign buyers may own up to 30% of the total number of apartments in the building, for a term of 50 years from the date the ownership certificate is issued, extendable subject to regulations.
Within that term the foreign owner may resell, lease, gift and bequeath the unit. Because the tower holds only 114 apartments, the foreign quota is very small - ask the developer how many slots remain before placing a deposit.
Eligibility must be checked for the property type, project, specific unit and buyer. Read the foreigner guide →
Yes. The Regency is a condominium project, so foreigners who have legally entered Vietnam are eligible to buy, subject to the cap of 30% of the total number of apartments in the building. The ownership term is 50 years from the date the ownership certificate is issued and may be considered for extension under the regulations; within that term the owner may resell, lease, gift and bequeath the unit. Because the project has only 114 apartments, the number of slots available to foreigners is very limited, so the remaining quota should be checked before placing a deposit. Happy Land helps verify the remaining foreign quota and guides foreign buyers through payment and contract-signing procedures.
The Regency Phú Mỹ Hưng is currently selling now. Expected handover: Expected Q4 2027 (construction started 28 February 2026). Contact Happy Land for the latest construction progress and available units.
As a condominium project, foreign buyers may own up to 30% of the total number of apartments in the building, for a term of 50 years from the date the ownership certificate is issued, extendable subject to regulations. Within that term the foreign owner may resell, lease, gift and bequeath the unit. Because the tower holds only 114 apartments, the foreign quota is very small - ask the developer how many slots remain before placing a deposit. Happy Land helps check buyer eligibility, project documents and the specific unit before a transaction.
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