Recently, the My Phu Residential Project was granted Decision No. 66/QĐ-UBND by the People’s Committee of Thu Duc City, approving the adjustment of its 1/500 detailed planning scheme.
It is known that the Mỹ Phú Residential Project is developed by Mỹ Phú Real Estate Investment and Trading Co., Ltd., with MIK Group as the development unit. This project marks the return of this real estate group to the Ho Chi Minh City market in the near future. Previously, MIK Group made a notable impact in Thu Duc City with a series of high-end villas and townhouses, including Villa Park, Park Riverside, Park Riverside Premium, River Park, and RioVista, all featuring meticulously invested landscapes and amenities.
Located in a prime location in Phuoc Long B Ward, Thu Duc City, Ho Chi Minh City, the Mỹ Phú Residential Project spans nearly 4.9 hectares and includes various sub-zones: low-rise buildings, high-rise buildings, a kindergarten, and a landscaped regulation lake area. The high-rise block consists of two 25-story towers designed with modern, intelligent architecture. The low-rise block includes 71 four-story townhouses and 22 high-end three-story semi-detached villas.
A significant portion of the project’s area is dedicated to greenery, swimming pools, and a synchronized system of amenities and landscapes, creating a living environment closely connected with nature. Within the project, there are multi-purpose sports courts, outdoor exercise areas, basketball courts, children’s play areas, a sunset viewing deck, and cool landscaped walking paths, all providing relaxation and health-enhancing spaces for residents. Once completed and operational, the Mỹ Phú Residential Project promises to create a residential and resort-style community in the bustling eastern part of Ho Chi Minh City.
The approval of the 1/500 detailed planning scheme for the Mỹ Phú Residential Project is a clear indication of the recovery of the Ho Chi Minh City real estate market in 2025, as several projects have recently had their legal issues resolved after years of delays. The supply of housing in Ho Chi Minh City will be supplemented in the coming years, helping to address the city’s long-standing housing shortage that has persisted for more than four years. This is also a key factor in regulating the market, particularly in satellite urban areas.
According to many experts, Thu Duc City’s real estate market will continue to be one of the most promising areas in Ho Chi Minh City in the coming years, thanks to factors such as modern infrastructure, high-tech planning, and the ability to attract foreign investment. As Vietnam’s only city-within-a-city, Thu Duc plays a central role in innovation, finance, and high-tech industries. This area is an ideal choice for those seeking a modern, dynamic living environment, as well as for smart investors.
