Cảnh Viên 2 Phú Mỹ Hưng apartments are a high-end apartment development located in the Nam Viên residential area, invested in and developed by Phu My Hung Development Corporation from 2006. Featuring European-style twin-tower architecture, 116 apartments measuring from 118m² and 13 penthouses, the development has long been a popular residential address among foreign professionals and high-income families in Ho Chi Minh City. In particular, its unique recessed U-shaped design ensures that every apartment has an outward-facing, unobstructed view, creating an exceptionally airy living environment in the heart of the city.
Alongside its architectural quality, Cảnh Viên 2’s geographical location is a core competitive advantage. The development is situated in the Nam Viên “green oasis”, surrounded by the Cảnh Quan and Cả Cấm rivers, just a 2-minute walk across Cả Cấm Bridge from the International Commercial and Financial District. The surrounding area offers extensive amenities, including Crescent Mall, the Crescent Lake, international schools and FV Hospital, all within a 2km radius. More importantly, this is what creates sustained rental demand from the foreign professional community working for major corporations such as Unilever, Ford and Manulife.
Regarding the 2026 layouts and sale prices, Cảnh Viên 2 offers 6 standard apartment layouts ranging from 118-160m², along with 13 penthouses ranging from 150-203m². The market is currently 100% secondary, with sale prices ranging from VND 7.7-10.8 billion for 3-bedroom apartments, equivalent to VND 65-85.7 million/m². Rental prices range from VND 18-25 million per month, attracting a stable pool of expat tenants seeking long-term leases.
To provide a comprehensive assessment of the project, this article will examine its overview, location, floor plans, amenities and selling prices in turn, before finally evaluating its investment potential compared with neighbouring projects in the Nam Vien area.
Project Overview
WHAT KIND OF DEVELOPMENT IS CANH VIEN 2 APARTMENTS?
Canh Vien 2 is a luxury high-end apartment development in the Nam Vien residential area of Phu My Hung urban area, District 7, Ho Chi Minh City, developed by Phu My Hung Development Corporation, launched in 2006 and handed over in Q1 2008. This developer has more than 30 years of experience in the South Saigon market, with numerous highly regarded completed developments such as Hung Phuc Premier, Saigon South Residences and the Chateau villa collection.
More specifically, Canh Vien 2 was built on a 4,020 m² site and comprises 2 symmetrical 13-storey twin towers facing north-east. In total, the development offers 116 apartments with 6 different designs, 13 penthouses on floors 11-13 and 17 commercial shophouses on the ground and 2nd floors. The most notable architectural feature is that the rear of each building is recessed in a U shape, creating an internal open space and ensuring that every apartment, regardless of its position, has an unobstructed outward view. This is a unique architectural feature, with no other development in the Canh Vien cluster having a similar configuration.
In terms of legal status, all apartments at Canh Vien 2 were handed over in Q1 2008, have individual pink books and are currently traded entirely on the secondary market. Buyers can inspect the actual handover quality before deciding, eliminating the risk of a “paper project” commonly found in the primary market.
Project Location
WHERE IS CANH VIEN 2 LOCATED IN PHU MY HUNG URBAN AREA?
Canh Vien 2 is located in the Nam Vien residential area, one of the 8 core areas of Phu My Hung urban area in District 7, Ho Chi Minh City, within a planned zone with the highest density of greenery across the entire urban area. The whole Nam Vien area is enclosed by Canh Quan River and Ca Cam River, creating a natural “island” structure with a balanced ecosystem of waterways, greenery and architecture.
Three sides of Canh Vien 2 border Road 16, Road 17 and Road C, with road widths of 10 m to 21 m, facilitating convenient access and commercial activity in the shophouse podium. A 2-minute walk across Ca Cam Bridge takes residents to the International Commercial and Financial District, where the regional offices of major multinational corporations such as Unilever, Ford, Manulife and SC Johnson, along with many other organisations, are located. This is precisely why foreign professionals (expats) choose Canh Vien 2 as their residence rather than travelling long distances to other parts of the city.
Within a 2 km radius of Canh Vien 2, residents can access a comprehensive ecosystem of high-quality amenities:
- Shopping and commercial centres: Crescent Mall, Crescent Lake and Starlight Bridge
- International education: British, Japanese and Korean international schools within PMH
- Healthcare: FV Hospital and Family Medical Practice international clinic
- Leisure and entertainment: 15,600-20,000 m² internal park and Nam Vien garden townhouse area
In addition, the rear of the building overlooks the luxurious garden townhouse area rather than conventional urban structures. This gives Canh Vien 2 residents a cool, peaceful green outlook even when they are not on a high floor, creating a “resort living in the heart of the city” experience that is difficult to find in a comparable segment.
Project Amenities
DO THE ON-SITE AMENITIES AT CANH VIEN 2 MEET THE NEEDS OF UPSCALE LIVING?
Yes, the on-site amenities at Canh Vien 2 fully meet the needs of upscale living for at least 3 key reasons: a diverse range of sports facilities, including 2 swimming pools, a gym and a tennis court; landscaped green spaces alongside 2 adjacent parks measuring 15,600-20,000m²; and comprehensively invested technical infrastructure, including underground utilities, a backup generator providing 100% capacity and 24/7 security.
In addition, the development’s U-shaped layout creates a private internal courtyard between the two towers, featuring two outdoor swimming pools for adults and children, as well as two landscaped gardens visible directly from the lift corridors. Residents can enjoy views of the internal greenery from the lift lobbies, experiencing the tranquillity of the living environment without having to go outside. This design prioritises the day-to-day living experience rather than focusing solely on the property’s inherent value.
All on-site amenities at Canh Vien 2 are grouped as follows:
Sports and leisure amenities:
- 2 outdoor swimming pools for adults and children, located between the 2 buildings
- Gym and tennis court
- Outdoor BBQ area
- Second-floor garden for strolling and enjoying the cool air
- 2 landscaped gardens within the open U-shaped space
Community amenities:
- 2 community rooms for residents to organise events
- 17 shophouses on the ground and second floors serving residents’ on-site shopping needs
- Airy, well-lit lift lobbies thanks to the recessed U-shaped design
Technical infrastructure:
- 24/7 security with a surveillance camera system
- Standards-compliant fire prevention and firefighting system
- Underground utilities from the outset, with a backup generator providing 100% capacity
- 118 basement car parking spaces (1:1 ratio) and 46 motorbike spaces
More importantly, 2 landscaped parks measuring 15,600-20,000m² are located immediately beside Canh Vien 2. Phú Mỹ Hưng commissioned foreign architects to design them, creating a true “green lung” that most inner-city apartment projects in Ho Chi Minh City lack. The entire Nam Vien area also has the highest density of park greenery among the 8 areas of Phú Mỹ Hưng urban centre.
Project Floor Plans
WHAT TYPES OF APARTMENT LAYOUTS ARE AVAILABLE AT CANH VIEN 2?
Canh Vien 2 has 2 main layout groups: standard apartments (floors 2-10) and penthouses (floors 11-13), with 6 different designs in total. All have a minimum area of 118 m², with no small apartments or studios. This is Canh Vien 2’s clearest distinguishing feature compared with mainstream apartment developments in Ho Chi Minh City, as it is entirely aimed at families and professionals seeking spacious, high-standard living accommodation.
The details of each apartment layout group in the development are set out below:
What Are the Sizes of the Standard Apartments at Canh Vien 2?
Canh Vien 2 has 6 standard apartment designs ranging from 118 m² to 160 m², with 3-4 bedrooms, distributed from floors 2 to 10 of the 2 towers. Each design includes at least one loggia and large windows in the living room, dining room or master bedroom to optimise natural light and ventilation.
Thanks to the building’s recessed U-shaped design, every apartment enjoys an unobstructed outward view. Front-facing apartments overlook the 21 m-wide road, middle apartments overlook the internal U-shaped courtyard with its swimming pool and landscaped garden, while corner apartments have dual aspects facing 2 roads. No apartment directly faces another building in a “looking straight onto the balcony” arrangement.
The table below summarises the standard layouts, helping buyers quickly understand the properties remaining on the secondary market:
| Unit type | Area | Bedrooms | Bathrooms | Key features |
| Type A | 118-120m² | 3PN | 2WC | Large loggia, living room facing directly north-east |
| Type B | 128-135m² | 3 bedrooms + study | 2WC | Flexible layout, suitable for families with young children |
| Type C | 140-145m² | 4PN | 2WC | Large master bedroom, with a separate dressing room |
| Type D | 150-160m² | 4PN | 3WC | Open-plan kitchen connected to the dining room, spacious balcony |
| Type E (corner) | 155-165m² | 4PN | 3WC | Dual aspect, 2 loggias, the best natural lighting |
| Type F (special corner unit) | 160-170m² | 4PN+1 | 3WC | Separate maid’s room, suitable for larger families |
The basement provides 118 car parking spaces, equivalent to a 1:1 ratio with the total number of apartments, along with 46 motorbike spaces, fully meeting residents’ parking needs without relying on external parking facilities.
How Do the Cảnh Viên 2 Penthouses Differ from the Standard Apartments?
Canh Vien 2 penthouses outperform standard apartments in 3 respects: larger floor areas (150-203m²), panoramic views from floors 11-13, and significantly higher property values (from VND 15 billion upwards), while standard apartments range from VND 7.7-10.8 billion.
More specifically, the 13 penthouses are distributed across floors 11-13 of the 2 towers, taking advantage of their elevated position to capture expansive views towards Nam Vien’s villa area, green parks and, further afield, the skyline of southern Saigon. Most of the penthouses were fitted out by their previous owners with high-end European-style interiors, and many are sold fully furnished, allowing subsequent buyers to move in or rent them out immediately without further investment.
A detailed comparison of the 2 apartment segments at Cảnh Viên 2 is set out below:
| Criteria | Standard apartments (Floors 2-10) | Penthouses (Floors 11-13) |
| Floor area | 118-170m² | 150-203m² |
| 2026 sale price | VND 7.7-10.8 billion | From VND 15 billion |
| View | Facing internal roads / parks | Panoramic views across the entire Nam Viên area |
| Interior furnishings | Usually sold unfurnished or partly furnished | Usually fully furnished to a high standard |
| Liquidity | Higher, easier to sell | Slower, with fewer buyers |
| Rental price | VND 18-25 million/month | VND 30-45 million/month (estimated) |
Price list
HOW MUCH ARE CẢNH VIÊN 2 APARTMENTS SOLD AND LET FOR IN 2026?
Cảnh Viên 2’s 2026 sale and rental prices are divided into 2 main property categories: standard 3-4-bedroom apartments and penthouses, with prices varying according to floor, aspect, floor area and furnishing condition. This is a 100% secondary/resale market, as the development was handed over in 2008 and no primary stock remains from the developer.
The specific prices for each segment are set out below:
What Are the Current Cảnh Viên 2 Sale Prices by Apartment Size?
In 2026, Cảnh Viên 2 apartment sale prices range from VND 7.7 billion to over VND 15 billion, depending on the apartment type, equivalent to approximately VND 65-85.7 million/m², considerably higher than the average for secondary-market apartments in the Nam Saigon area, accurately reflecting the development’s luxury positioning.
Indicative secondary-market prices for May-June 2026:
| Apartment type | Area | Sale price (VND billion) | Price/m² (VND million) | Notes |
| Standard 3-bedroom apartment | 118-120m² | VND 7.7-9.5 billion | 65 – 79 | Most common, highly liquid |
| High-floor 3-bedroom apartment | 118-120m² | VND 9.0-10.8 billion | 75 – 90 | Floors 8-10, good views |
| 4-bedroom apartment | 140-170m² | VND 10.5-13.5 billion | 72 – 82 | Limited availability, difficult to find |
| Penthouse | 150-203m² | VND 15 billion and above | 80 – 100+ | Fully furnished to a premium standard |
| Special corner apartment | 155-170m² | VND 12.5-15 billion | 79 – 90 | 2 loggias, dual aspect |
It is worth noting that some of the current secondary-market listings come from owners seeking to restructure their assets, resulting in several apartments being listed at or below their original purchase prices. This creates an opportunity for owner-occupiers or long-term investors to enter the development at a better-than-usual market price. Buyers should compare at least 3-5 similar apartments before deciding, in order to establish a fair price for the specific floor and aspect.
How Much Is the Rent for Cảnh Viên 2 Apartments for Foreign Professionals?
Rents at Cảnh Viên 2 range from VND 18-25 million/month for 3-bedroom apartments, equivalent to approximately USD 1,200-1,400/month, attracting a stable core tenant group of foreign professionals (expats) working at the International Commercial and Financial District right next door.
More specifically, the tenant profile at Cảnh Viên 2 differs from that of most conventional apartment developments in Ho Chi Minh City. Most tenancies are taken by senior Japanese, Korean, European and North American personnel working for multinational corporations with offices at PMH. These tenants typically sign 1-2-year leases, pay on time, look after the property well and tend to renew repeatedly if their employment contracts in Vietnam have not ended. As a result, vacancy at Cảnh Viên 2 is considerably lower than at other developments in the area that mainly serve Vietnamese tenants on short-term leases.
Indicative rental prices by apartment type:
| Apartment type | Area | Monthly rent | Tenant profile |
| Unfurnished 3-bedroom apartment | 118-120m² | VND 15-18 million | Affluent Vietnamese families, domestic professionals |
| Fully furnished 3-bedroom apartment | 118-120m² | VND 18-25 million | Expats, foreign professionals |
| Fully furnished 4-bedroom apartment | 140-160m² | VND 25-35 million | Expat families of 3-4 people |
| Fully furnished penthouse | 150-203m² | VND 35-50 million | Executives, senior professionals |
Note: Rent usually includes the apartment management fee but excludes electricity, water and parking fees. Some long-term leases (over 1 year) may include a 5-10% discount from the advertised price, offered by the landlord.
DOES CẢNH VIÊN 2 HAVE BETTER OR WORSE INVESTMENT POTENTIAL THAN OTHER DEVELOPMENTS IN THE NAM VIÊN AREA?
Cảnh Viên 2 offers superior rental income stability thanks to its established expat community, while newer developments in Nam Viên, such as Cảnh Viên 1 and the garden townhouses, have greater potential for faster capital growth because of land scarcity and their distinctive liquidity profile.
In particular, Cảnh Viên 2 possesses a rare attribute found in few developments in Ho Chi Minh City: an “oasis” location completely surrounded by the Cảnh Quan and Cả Cấm rivers, creating a distinctive microclimate. The area receives natural breezes from the river, the Cần Giờ mangrove forest and the East Sea from the south, maintaining lower temperatures than the inner city average and considerably better air quality. This is an un replicable advantage because all the land within this “oasis” has been fully developed, leaving no scope for new projects to compete directly.
How Does Cảnh Viên 2 Differ from Cảnh Viên 1 and Cảnh Viên 3 in the Same Nam Viên Area?
Cảnh Viên 2 is the smallest of the 3 developments with the same name and has the largest apartments; Cảnh Viên 1 is smaller and was handed over earlier, while Cảnh Viên 3 is a larger development with a more diverse mix of apartments. Together, the 3 developments form an established residential cluster in Nam Viên, but serve buyers with different requirements.
The most important distinguishing feature is Cảnh Viên 2’s unique recessed U-shaped twin-tower architecture, ensuring that 100% of the apartments face outwards, with no “dark” apartments facing a wall or another building. This feature is not found at Cảnh Viên 1 or Cảnh Viên 3. The low density—just 116 apartments on 4,020m² of land—also creates a more comfortable and private living environment and a more selective resident community than the higher-density developments in the area.
Should You Buy a Cảnh Viên 2 Apartment for Long-term Letting?
Yes, buying a Canh Vien 2 apartment for long-term rental is suitable for investors who prioritise stable cash flow and capital preservation, for 3 reasons: high occupancy driven by the expat community, rents pegged to USD and therefore less affected by fluctuations in the local currency, and depleted land reserves in the Nam Vien area, meaning there are no new projects competing directly. However, investors should note that the estimated gross yield is only around 2.5-3.5% per year (VND 18-25 million per month on capital of VND 8-10 billion), lower than savings interest rates. Actual returns therefore come from both rental income and anticipated long-term property appreciation. This property is suitable for a 5-10-year “buy-hold-rent” strategy, but not for short-term flipping, as secondary-market liquidity is slower than that of newly developed apartment projects launched during 2022-2026.
