A 198-hectare township bordered on three sides by the Saigon River, fronting National Highway 13 in Hiep Binh Ward, Ho Chi Minh City
Van Phuc City is a 198-hectare township on a peninsula bordered on three sides by the Saigon River, fronting National Highway 13 in Hiep Binh Ward (formerly Hiep Binh Phuoc, Thu Duc City), Ho Chi Minh City. Launched in 2014 as a complete urban township, it has a building density of about 40% and a planned population of around 45,000 residents. What sets it apart from most projects currently being marketed in the eastern part of the city is that Van Phuc City has genuinely taken shape: many rows of townhouses, shophouses and villas have been handed over and are occupied, alongside the 3.4 km riverside park The Long Park, the Dai Nhat landscape lake, the Royal walking street, and the schools and retail already operating inside the township.
Primary inventory today falls into two groups. Landed stock still offered by the developer is fairly limited — roughly 30 final townhouses and shophouses under an incentive programme running from 7 July to 30 August 2026. Townhouses in the Van Phuc 1 zone start from around VND 17.5 billion per unit, built as a basement plus four storeys in 5x20 m, 5x23 m and 6x20 m formats; shophouses run about VND 25–47 billion per unit depending on the street and frontage (Golden Shophouse 7x20 m at roughly VND 25–38 billion, Royal walking-street shophouses at roughly VND 30–47 billion). Villas are split into three lines with very different price bands: lakeside Sunlake Villas (7x23 m) from around VND 36 billion per unit, riverside Van Phuc Mansion on plots of 230–460 m² at roughly VND 82.9–209 billion per unit (VAT included), and riverside Jardin Villas at roughly VND 106–150 billion per unit. The high-rise group is Diamond Sky — the first apartment subdivision at Van Phuc City after more than a decade of landed-only development. Diamond Sky sits on a site of about 1.8 ha and comprises two residential towers plus a hotel and retail block. On 7 July 2026, the Ho Chi Minh City Department of Construction issued a document confirming that 296 apartments in Block A (CC2) of the Dai Nhat condominium are eligible for sale as off-plan (future-formed) housing. The announced launch price starts from VND 90 million/m², while distribution agencies are currently quoting VND 110–130 million/m² depending on floor level and view; apartment sizes run about 62–160 m², plus four penthouses of 220–350 m². Foundation work has been completed with Bachy Soletanche as the piling contractor and Central as main contractor, and handover is expected in 2028.
**About the developer.** Van Phuc City is developed by Van Phuc Group, founded in 1995 and formerly known as Dai Phuc Real Estate Group (Dai Phuc Group), with more than 30 years in urban planning and development. This is a developer that has effectively devoted itself to a single project over a long period, which is why the township's infrastructure, landscaping and amenities have been completed phase by phase rather than remaining commitments on paper. The Diamond Sky apartment subdivision specifically is developed by Dong Nam Real Estate Investment and Trading JSC, a member company of Van Phuc Group.
**Who is it for?** The townhouses and shophouses suit buyers who want to live and run a business or lease out at the same address, particularly on the commercial streets that already draw foot traffic; that said, remaining primary stock is thin, so check actual availability before doing the numbers. The riverside Van Phuc Mansion and Jardin Villas lines, together with the lakeside Sunlake Villas, are aimed at multi-generational families and high-net-worth buyers looking for long-term-ownership product in scarce supply. Diamond Sky apartments require a significantly lower entry ticket, making them suitable for young families, professionals working in the eastern part of the city, and investors targeting rental income from the expatriate community already living in the area. Conversely, buyers who prioritise the lowest possible entry price, or who need immediate handover in the high-rise segment, should weigh their options carefully, as Diamond Sky is still under construction.
Happy Land provides the developer's original price list, the remaining availability across each townhouse, shophouse and villa subdivision, and the Diamond Sky apartment inventory, together with the payment schedules, discounts and bank loan support currently in force. Get in touch to receive the updated price list file and to book a site visit to the township.
📍 Hiep Binh Ward (formerly Hiep Binh Phuoc, Thu Duc City), Ho Chi Minh City
Van Phuc City occupies a peninsula bordered on three sides by the Saigon River in Hiep Binh Ward — the ward created by merging Hiep Binh Chanh, Hiep Binh Phuoc and part of Linh Dong in the former Thu Duc City, officially in operation since 1 July 2025. The whole township fronts National Highway 13 directly, the radial artery linking central Ho Chi Minh City with the former Binh Duong area, which is currently being invested in and widened. The project sits close to the Highway 13 – Pham Van Dong interchange (Binh Trieu junction); according to the developer, Tan Son Nhat Airport is about 10–15 minutes from here, and the former District 1 centre and Binh Thanh about 10–15 minutes depending on the time of day. The established retail and service clusters of the eastern city — Giga Mall, Thu Duc Market and Vincom Thu Duc — are all around 6–7 minutes away, while Saigon Hi-Tech Park and Vietnam National University Ho Chi Minh City are about 15 minutes. Under the master plan, Metro Line 3B (Ben Thanh – Hiep Binh Phuoc) runs along Highway 13 and has its terminus right at the project area, alongside infrastructure works such as the Nguyen Xi – Highway 13 overpass. The distinguishing advantage of this location is the water frontage: more than 3.4 km of Saigon riverbank is planned as the riverside park The Long Park, creating a landscape buffer that inner-city townships find hard to match.
A 198-hectare township bordered on three sides by the Saigon River with a building density of about 40%, already built out and occupied — unlike projects that exist only on a drawing board
Direct frontage on National Highway 13, close to the Highway 13 – Pham Van Dong interchange (Binh Trieu junction); according to the developer, about 10–15 minutes to central Ho Chi Minh City and to Tan Son Nhat Airport
Diamond Sky, the township's first apartment subdivision: 296 units in Block A (CC2) of the Dai Nhat condominium were confirmed by the Ho Chi Minh City Department of Construction on 7 July 2026 as eligible for sale as off-plan housing
Limited remaining landed primary inventory (around 30 final townhouses and shophouses under the incentive programme running 7 July – 30 August 2026): townhouses from around VND 17.5 billion, shophouses about VND 25–47 billion, riverside villas (Mansion, Jardin Villas) and lakeside villas (Sunlake Villas) about VND 36–210 billion per unit
Infrastructure and amenities already in operation: the 3.4 km riverside park The Long Park, the Dai Nhat landscape lake, the Royal walking street, plus schools and a shopping centre inside the township
Diamond Sky apartments: foreign buyers may own under the 2023 Housing Law, within a cap of 30% of the units in a single condominium building, for a 50-year term that may be considered for extension; Vietnamese buyers hold long-term ownership under a pink book. For townhouses, shophouses and villas attached to land, a foreign individual may own no more than 250 separate houses within one ward-level administrative unit, also on a 50-year term; in practice the landed stock here is sold mainly to Vietnamese buyers and domestic entities. The quota as applied to this particular project has not been confirmed officially in writing, so before paying a deposit foreign buyers should ask the developer to confirm that the project is on the list of areas where sales to foreigners are permitted, and how many units remain available within the quota. Eligibility must be checked for the property type, project, specific unit and buyer. Read the foreigner guide →
Van Phuc City is a 198-hectare township at 375 National Highway 13, Hiep Binh Ward (formerly Hiep Binh Phuoc, Thu Duc City), Ho Chi Minh City, bordered on three sides by the Saigon River and planned for a population of around 45,000 residents. The developer is Van Phuc Group, formerly Dai Phuc Real Estate Group (Dai Phuc Group), which has been building the project since 2014. Products include townhouses, shophouses, riverside villas (Van Phuc Mansion, Jardin Villas) and lakeside villas (Sunlake Villas), plus the Diamond Sky apartment subdivision — the first high-rise development within the township, developed by Dong Nam Real Estate Investment and Trading JSC, a member company of Van Phuc Group.
Based on information updated in August 2026, townhouses in the Van Phuc 1 zone start from around VND 17.5 billion per unit (basement plus four storeys, in 5x20 m, 5x23 m and 6x20 m formats); shophouses run about VND 25–47 billion per unit depending on the street (Golden Shophouse 7x20 m at roughly VND 25–38 billion, Royal walking-street shophouses at roughly VND 30–47 billion). Villas range from about VND 36 billion to VND 210 billion per unit depending on the product line: lakeside Sunlake Villas from around VND 36 billion, Van Phuc Mansion at roughly VND 82.9–209 billion (VAT included), and Jardin Villas at roughly VND 106–150 billion. Diamond Sky apartments were announced for launch from VND 90 million/m², while distribution agencies are currently quoting VND 110–130 million/m² depending on floor level and view direction. Actual prices change with location, construction progress and the policy applied in each release, so always check against the developer's original price list at the time of purchase.
For Diamond Sky apartments, foreign buyers may purchase under the 2023 Housing Law within a cap of 30% of the units in a single condominium building, with a 50-year ownership term that may be considered for extension; Vietnamese buyers hold long-term ownership under a pink book. For townhouses, shophouses and villas attached to land, a foreign individual may own no more than 250 separate houses within one ward-level administrative unit, also on a 50-year term; in practice the landed stock here is sold mainly to Vietnamese buyers. The quota as it applies to this particular project has not been confirmed officially in writing, so foreign buyers should ask the developer to confirm that the project falls within the list of areas where sales to foreigners are permitted, and how many units remain available within the quota, before paying a deposit.
Khu đô thị Vạn Phúc City is priced Townhouses from around VND 17.5 billion, shophouses about VND 25–47 billion, and villas about VND 36–210 billion per unit depending on the subdivision (Sunlake, Mansion, Jardin). Diamond Sky apartments from VND 90 million/m² (announced August 2026), while distribution agencies are currently quoting VND 110–130 million/m². (around Căn hộ Diamond Sky: từ 90 triệu đồng/m² theo công bố mở bán tháng 8/2026 (các sàn phân phối đang chào 110–130 triệu đồng/m² tùy tầng và hướng view – tham khảo)). Contact Happy Land for the detailed price list and current available units.
Khu đô thị Vạn Phúc City is developed by Van Phuc Group (tiền thân là Tập đoàn Bất động sản Đại Phúc – Đại Phúc Group). Riêng phân khu căn hộ Diamond Sky do Công ty Cổ phần Đầu tư và Kinh doanh Địa ốc Đông Nam, thành viên Van Phuc Group, làm chủ đầu tư., located in Hiep Binh Ward (formerly Hiep Binh Phuoc, Thu Duc City), Ho Chi Minh City. Project scale: 198 ha bordered on three sides by the Saigon River, building density around 40%, planned population of about 45,000 residents; under development since 2014 with townhouses, shophouses, villas and the Diamond Sky apartment subdivision (about 1.8 ha, two towers).
Khu đô thị Vạn Phúc City is currently selling now. Expected handover: Many townhouse, shophouse and villa subdivisions have already been handed over and are occupied. Diamond Sky has completed its foundation work, with handover expected in 2028 (indicative).. Contact Happy Land for the latest construction progress and available units.
Khu đô thị Vạn Phúc City (Township: townhouses, shophouses, villas & apartments) offers: Diamond Sky apartments: 1BR+1, 2BR, 3BR and penthouses. Townhouses and villas: basement plus 4 storeys (some lines add a rooftop level), with bedroom counts varying by model. Contact Happy Land for floor plans and prices for each unit type.
Khu đô thị Vạn Phúc City is located in Hiep Binh Ward (formerly Hiep Binh Phuoc, Thu Duc City), Ho Chi Minh City. Notable connections and amenities: Highway 13 – Pham Van Dong interchange (Binh Trieu junction) - close to the township; Giga Mall Thu Duc - about 6–7 minutes; Thu Duc Market and Vincom Thu Duc - about 7 minutes; Binh Thanh centre, Landmark 81 - about 15 minutes.
Diamond Sky apartments: foreign buyers may own under the 2023 Housing Law, within a cap of 30% of the units in a single condominium building, for a 50-year term that may be considered for extension; Vietnamese buyers hold long-term ownership under a pink book. For townhouses, shophouses and villas attached to land, a foreign individual may own no more than 250 separate houses within one ward-level administrative unit, also on a 50-year term; in practice the landed stock here is sold mainly to Vietnamese buyers and domestic entities. The quota as applied to this particular project has not been confirmed officially in writing, so before paying a deposit foreign buyers should ask the developer to confirm that the project is on the list of areas where sales to foreigners are permitted, and how many units remain available within the quota. Happy Land helps check buyer eligibility, project documents and the specific unit before a transaction.
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