Phu My Hung — developer of Triton Crown and Hong Hac City

Phu My Hung is a joint venture founded in 1993, the company that built Nguyen Van Linh Boulevard and developed the Phu My Hung urban area in south Ho Chi Minh City. The urban area now has more than 39,000 residents, over 30% of them foreigners. If you are interested in an apartment in the south of the city or a townhouse in north-east Hanoi – Bac Ninh, this is a developer worth researching.

About Phu My Hung

• Legal entity: Phu My Hung Development Corporation, founded on 19 May 1993.
• Current owners: a joint venture between Tan Thuan Industrial Development Co., Ltd. (IPC, under the Ho Chi Minh City People's Committee) and Phu My Hung Asia Holdings (formerly CT&D Group, Taiwan). The capital contribution of each party is not stated in the sources HPR has checked.
• Scale: the new urban area along Nguyen Van Linh Boulevard covers about 2,600 ha. Phu My Hung directly develops 5 zones, A, B, C, D and E, totalling about 774 ha, of which Zone A covers 433 ha.
• Infrastructure: Nguyen Van Linh Boulevard is 17.8 km long with a 120 m right of way; construction began at the end of 1996 and was completed in 2007. The company completed infrastructure on about 150 ha of public-facility land for handover to the city.
• Milestones: the first residents moved in in 2000. In 2008, the Ministry of Construction recognised Phu My Hung as Vietnam's first model urban area.
• 2025 financials: profit after tax of about 2,945 billion VND; year-end equity of about 18,550 billion VND; bond debt reduced to about 5,470 billion VND.

Phu My Hung projects under development

Triton Crown — Crescent Lake, Tan My Ward, Ho Chi Minh City

Luxury apartments on a 12,050 m² site with four frontages on Tran Van Tra, Nguyen Khac Vien, Luther King and Pham Thieu, next to Crescent Lake. The project comprises 2 towers (16 and 18 storeys) with 297 apartments, 28 shops and 4 shophouses; interiors are designed by Matrix Design, and the buildings have EDGE green building certification. The developer launched the first phase of Tower A on 18 October 2026. Prices, the handover date and the ownership term have not been published.

Recent projects in the urban area

In 2024 – 2025, Phu My Hung launched small-scale projects in the central area: The Aurora (95 apartments), L'Arcade (37 commercial-residential units), The Sculptura (75 apartments and 10 shops) and The Regency. These are projects with few units, most of which have already been transacted.

Hong Hac City — Bac Ninh

An urban area of nearly 198 ha developed by Phu My Hung with Nomura Real Estate Vietnam (Japan), with total investment of about 27,000 billion VND, divided into three sub-zones, Hong Phat, Hong Thinh and Hong Phuc, with more than 2,800 villas, terraced houses and shophouses. Phase 1 was launched on 14 June 2025; on 27 May 2026 Zone F1-2 followed, with 397 units in the Hong Phat sub-zone. The developer expects to hand over the first units of Zone F1-1 at the end of 2026. See more on the Bac Ninh market.

How HPR can help

HPR provides independent advice to buyers interested in Phu My Hung projects: comparing them with other apartment projects in south Ho Chi Minh City, including TT Genesis and Mizuki Park, helping you check the project's legal status before paying a deposit and calculating your home purchase cash flow with cautious assumptions. If you own an apartment in the south of the city that you want to resell or rent out, HPR accepts real estate consignments.

Triton Crown has not announced its prices, handover date or ownership term. Ask about these points, together with the terms of the sale and purchase agreement, before deciding.

Considering a Phu My Hung apartment or a Hong Hac City townhouse? Leave your phone number — an HPR consultant will help you compare projects, check the legal status and work out your cash flow based on your budget.