Happy Valley Phú Mỹ Hưng is a high-end apartment complex developed by Phu My Hung Development Corporation, located directly on Nguyễn Văn Linh Boulevard in District 7, Ho Chi Minh City, comprising 12 towers of 8 to 28 floors with 763 apartments and 23 shophouses. In particular, this is the final project developed within the Phú Mỹ Hưng cultural and entertainment district, meaning that all surrounding infrastructure and amenities were already complete and ready to serve residents from the first day of handover. More importantly, with a building density of only 23%, Happy Valley provides a rare green living environment in the heart of the busiest urban area in southern Saigon.
In terms of location, Happy Valley benefits from natural landscapes on three sides: to the east it borders a scenic river and the South Saigon golf course, and to the west it adjoins Saigon Wonderland Park. In addition, the development sits directly on Nguyễn Văn Linh Boulevard, 6 lanes wide, with fast connections to Crescent Mall, Lotte Mart District 7, central District 1 and Tân Sơn Nhất Airport in just 10 to 20 minutes.
In terms of selling prices, the 2026 secondary market recorded 39 to 48 million VND/m², equivalent to 4.5 to 10 billion VND for a 3-bedroom apartment, while rents ranged from 23 to 38 million VND per month depending on size and furnishings. Moreover, thanks to scarce supply and stable rental demand from foreign experts, Happy Valley has continued to record year-on-year price growth.
The article below provides a comprehensive analysis of the location, amenities, floor plans and detailed price list, as well as an assessment of its investment potential, helping you gain a complete overview before making a decision.
Project Overview
WHAT KIND OF DEVELOPMENT IS HAPPY VALLEY PHÚ MỸ HƯNG?
Happy Valley Phú Mỹ Hưng is a luxury apartment complex developed by Phu My Hung Development Corporation, completed and handed over from Q2/2015. It comprises 12 towers ranging from 8 to 28 floors, providing 763 apartments and 23 shophouses across a 3.4-hectare site in District 7, Ho Chi Minh City.
More specifically, this was the final apartment development undertaken by Phú Mỹ Hưng in the urban area’s cultural and entertainment district, a location that the developer had considered and reserved for many years to create a true “valley of happiness” in the heart of the urban area. As it was the final development, all of PMH’s core infrastructure—including internal roads, underground electricity systems, greenery, schools, hospitals and shopping centres—was already in place and operating stably.
The development’s most distinctive feature is its construction density of just 23%, considerably lower than the general level for luxury apartment developments in Ho Chi Minh City, which typically ranges from 35% to 45%. The remaining area, equivalent to 77% of the site, is allocated entirely to greenery, communal amenities, pedestrian paths and internal infrastructure. This layout creates a low population density, an airy environment and a tranquil living setting rarely found in a central urban location.
The development offers a diverse range of property types, including standard 2- and 3-bedroom apartments, two-storey duplex apartments, high-floor penthouses, tophouses and ground-floor shophouses, catering to various customer segments from young families to long-term investors and affluent buyers.
Project Location
WHERE IS HAPPY VALLEY LOCATED AND WHAT ARE ITS ADVANTAGES?
Happy Valley is located on Nguyen Van Linh Boulevard, Tan Phong Ward, District 7, Ho Chi Minh City, right in the centre of the Phú Mỹ Hưng urban area. It occupies the most advantageous position across all the land held by the developer in the southern Saigon area.
To better understand the value of Happy Valley’s location, it is important to consider the development within the wider context of the PMH urban area. This is Vietnam’s first and largest model urban area, systematically planned from the early 1990s to international urban standards, with comprehensive technical infrastructure, international schools, hospitals, parks and modern shopping centres. Happy Valley sits at the very heart of this urban area, rather than on its outskirts or in a later expansion zone.
What is special about the views and surroundings of Happy Valley apartments?
Happy Valley enjoys four enclosed natural landscape aspects, creating an unobstructed outlook that very few developments in Ho Chi Minh City can offer:
To the east, it directly adjoins the scenic river and the extensive South Saigon golf course. East- or south-east-facing apartments enjoy expansive views over the water and the golf course’s green fairways, making this the rarest and most valuable type of view in the high-end apartment segment in southern Saigon.
To the west, it is immediately adjacent to Saigon Wonderland Park and Ngôi Sao Tuổi Thơ Nursery School, creating a natural green buffer and making it particularly suitable for families with young children.
To the south, it fronts Nguyen Van Linh Boulevard, a vital 6-lane route connecting District 7 with central Ho Chi Minh City and the western and eastern provinces.
To the north, it is close to the International Commercial and Financial District and The Crescent area, two high-end commercial landmarks of PMH.
The biggest difference compared with neighbouring developments is that Happy Valley is not obstructed by any buildings in any of the four directions. This is ensured by the open planning of the PMH urban area and the fact that there is no remaining land for new construction in the buffer zone surrounding the development.
How long does it take residents to reach key amenities outside Happy Valley?
Travel connections from Happy Valley to key amenities are considered among the best in District 7, thanks to its location directly on Nguyen Van Linh Boulevard:
Crescent Mall is approximately 1.5 km away, or around 3 to 5 minutes by motorbike or car. It is the area’s leading high-end shopping, dining and entertainment centre in District 7.
Lotte Mart District 7 is approximately 1.5 km away, around 5 minutes by car. The Saigon Exhibition and Convention Centre (SECC) is 1.3 km away, around 4 minutes away.
District 1 is approximately 7 to 8 km away, taking 15 minutes outside peak hours via Nguyen Van Linh Boulevard and the Thu Thiem Tunnel.
Tan Son Nhat International Airport is approximately 12 km away, taking 20 to 25 minutes via the Nguyen Van Linh Expressway connecting to Nguyen Huu Tho.
FV Hospital, a leading international hospital in southern Saigon, is approximately 2 km away. RMIT International University and other international schools in PMH are within a 2 km radius.
Project Amenities
WHAT AMENITIES ARE INCLUDED WITHIN THE HAPPY VALLEY APARTMENT COMPLEX?
Happy Valley’s on-site amenities comprise 5 main groups: health and sports, children’s recreation, community and daily activities, commercial services, and security infrastructure, distributed across the 77% of the site area not occupied by buildings.
Another distinctive feature of Happy Valley’s amenity layout is that the entire system is located within the complex and designed according to a self-contained, inward-facing principle, meaning residents can access all essential daily conveniences without leaving the site.
Do Happy Valley’s health and sports amenities meet high-end standards?
Yes, Happy Valley’s health and sports amenities meet high-end standards, with a diverse range of facilities provided entirely free of charge to residents, including an outdoor swimming pool, a gym equipped with modern equipment, a yoga area, a sauna and landscaped walking paths.
Specifically, the swimming pool is designed in a resort style with an open setting surrounded by green lawns and tropical plants. The gym is equipped with modern machinery sufficient to replace an external gym membership entirely. The yoga and sauna areas operate in separate, quiet spaces. The internal walking paths have smooth paved surfaces, lighting and good ventilation from the trees on both sides, making them highly suitable for morning or evening exercise.
Residents can use all these amenities free of charge, with no additional fees beyond the monthly management fee. This distinguishes the project from certain other high-end developments in Ho Chi Minh City that charge separately for each amenity.
What commercial and service amenities are available within Happy Valley?
Happy Valley’s commercial and service amenities comprise 3 main groups: 23 ground-floor shophouses, a selection of restaurants and cafés, and a multi-purpose community room.
The 23 ground-floor shophouses are distributed along the main entrance and internal roads, offering a range of businesses from convenience stores, pharmacies and laundry services to hair salons and family restaurants. The shophouses create a small internal high street, meeting residents’ essential daily needs without requiring them to leave the complex.
The security system operates 24/7, with security personnel stationed at all entrances and exits and surveillance cameras covering the entire site. The car park is designed to provide each apartment with at least 1 car space and 2 motorbike spaces, as well as parking for visitors.
Project Floor Plans
WHAT UNIT SIZES AND CONFIGURATIONS ARE AVAILABLE AT HAPPY VALLEY?
There are 4 main configurations: standard 2- and 3-bedroom apartments measuring 81 to 116 m², duplex apartments measuring 170 to 325 m², high-floor penthouses and tophouses, offering options ranging from small families to affluent buyers.
Below is a detailed analysis of each configuration to help you identify the property that best suits your actual needs.
What are the design and layouts of the standard 2- and 3-bedroom apartments at Happy Valley?
Standard 2- and 3-bedroom apartments account for more than 53% of all properties at Happy Valley, measuring from 81 to 100 m² for 2-bedroom units and from 100 to 116 m² for 3-bedroom units. They are designed according to the principle of three open sides to capture natural ventilation.
Each floor contains only 4 apartments, an unusually low figure compared with the average of 6 to 8 apartments per floor in most high-end apartment buildings in Ho Chi Minh City. This arrangement not only ensures a high level of privacy but also gives each apartment at least 3 open sides, a spacious loggia and large windows that let in natural light from several directions.
The basic interior specification is completed with timber flooring, kitchen cabinets, high-end bathroom fittings and a concealed air-conditioning system. Each apartment’s loggia is sufficiently spacious for outdoor seating or plants, creating a connection with the surrounding natural environment.
How do the shophouses and penthouses at Happy Valley differ from standard apartments?
The shophouses and penthouses at Happy Valley serve two customer segments with completely different purposes and financial capabilities compared with standard apartments.
The 23 ground-floor shophouses have frontages directly facing the internal pedestrian walkway, making them suitable for small-scale retail or service offices. They are also subject to business tax and are typically purchased by investors to generate income rather than for personal occupation.
The penthouses and tophouses are located on the highest floors of blocks facing the river or golf course. Measuring from 170 to 325 m², they feature two interconnected floors (duplex), unobstructed 270-degree views and private terraces. This is an ultra-luxury segment for financially well-off people who value a high-end standard of living comparable to that of a villa, but within a secure, self-contained urban environment with comprehensive services.
Price list
WHAT ARE THE 2026 SALE AND RENTAL PRICES FOR HAPPY VALLEY APARTMENTS IN PHÚ MỸ HƯNG?
In 2026, Happy Valley Phú Mỹ Hưng apartment sale prices on the secondary market range from 39 to 48 million đồng/m², equivalent to 4.5 to 10 billion đồng depending on the size and floor, while rental prices range from 23 to 38 million đồng per month, reflecting steady rental demand from both Vietnamese tenants and foreign professionals in the PMH area.
The table below summarises indicative 2026 sale and rental prices by apartment type at Happy Valley, based on secondary-market prices according to floor area, number of bedrooms and furnishing condition, helping you understand the price range before approaching an agent.
| Apartment type | Area | Sale price (secondary market) | Monthly rent |
| 2 bedrooms | 81 to 100 m² | 3.2 to 4.8 billion đồng | 18 to 25 million |
| 3 bedrooms | 100 to 116 m² | 4.5 to 5.6 billion đồng | 25 to 38 million |
| 3 bedrooms (river view) | 110 to 116 m² | 5.3 to 6.5 billion đồng | 30 to 45 million |
| Duplex / Tophouse | 170 to 325 m² | 7 to 12 billion VND | 45 to 80 million VND |
How have Happy Valley apartment prices on the secondary market changed from 2020 to 2026?
Happy Valley apartment prices on the secondary market have risen continuously from approximately 27 to 30 million VND/m² in 2020 to 39 to 48 million VND/m² in early 2026, equivalent to growth of approximately 45 to 60% over 6 years, or an average of around 7 to 10% per year.
Specifically, from 2020 to 2022, secondary-market prices remained stable at around 27 to 33 million VND/m² as the property market was affected by the Covid-19 pandemic. From 2022 to 2024, prices began to rise sharply in line with the general trend in the high-end apartment segment in southern Ho Chi Minh City, as new supply became scarce while demand for asset accumulation increased. From 2024 to 2026, prices climbed to 39 to 48 million VND/m²; apartments overlooking the river or on higher floors could exceed 50 million VND/m².
Three key factors are driving Happy Valley’s sustained price growth: the scarcity of new supply within the same complex, as the project has been completed and has no land available for expansion; the continued strengthening of the Phú Mỹ Hưng brand’s reputation; and the wave of investment in high-end property in southern Saigon as the area’s infrastructure continues to be upgraded.
What are the Happy Valley apartment rental prices by size and furnishing level?
Happy Valley apartment rental prices in 2026 depend on 3 main factors: floor area, number of bedrooms and level of interior furnishing, ranging from 18 million VND per month for a 2-bedroom apartment with basic furnishings to over 45 million VND per month for a fully furnished, high-end 3-bedroom apartment overlooking the river.
By segment, a 2-bedroom apartment measuring 81 to 100 m² with basic furnishings rents for approximately 18 to 22 million VND per month; the same type with full furnishings rents for 22 to 27 million VND per month. A 3-bedroom apartment measuring 100 to 116 m² with basic furnishings ranges from 25 to 30 million VND per month; beautifully designed, fully furnished apartments achieve 30 to 38 million VND per month. Apartments overlooking the river or above the 15th floor command rents 10 to 15% higher than comparable apartments on lower floors.
Notably, foreign-expert tenants often pay in USD, at 1,150 to 1,500 USD per month for a 3-bedroom apartment, creating stable income and helping landlords hedge against exchange-rate risk. The PMH rental market strongly attracts this group thanks to its international living environment, international schools within a 2 km radius and security regarded as the best in the area.
ARE HAPPY VALLEY APARTMENTS REALLY MORE WORTH BUYING AND INVESTING IN THAN OTHER PROJECTS IN PHÚ MỸ HƯNG?
Yes, Happy Valley apartments are well worth buying and investing in compared with many other developments in PMH, based on three criteria: the lowest building density in the area, creating a rare living environment; an unrepeatable location within an established, enclosed estate; and a stable rental yield of 4 to 5% per year driven by rental demand from foreign professionals.
However, investors should make a specific comparison with neighbouring projects to determine which option best suits their personal financial objectives.
How does Happy Valley Premier differ from standard Happy Valley in terms of standards and price?
Happy Valley Premier is a limited ultra-luxury version with only 55 apartments, 5-star resort standards and prices from 40 million VND/m² upwards, differing completely from standard Happy Valley in scale, amenities and target clientele. The entire ground floor of Premier has no commercial space and is dedicated entirely to a luxurious reception lobby, while the swimming pool occupies more than 10% of the total area, alongside a sauna, 5-star-standard gym and conference room. This segment serves HNI clients seeking absolute exclusivity and scarcity and is not suitable for mass-market rental purposes.
Can Happy Valley’s rental yield and capital-growth potential compete with those of southern Saigon?
Yes, Happy Valley achieves a rental yield of 4 to 5% per year, competing well with Scenic Valley (46 to 60 million VND/m², with a lower yield because of its higher purchase prices) and Riverpark Residence (48 to 53 million VND/m², with a comparable yield). As PMH’s final project in Phase 1, it has no new supply competing directly within the same complex, creating scarcity pressure that supports long-term growth in both secondary-market prices and rents.
If you are interested in Phu My Hung projects, please contact Phu My Hung Center for accurate advice and the latest information. Experienced consultant Kim Thuy is always ready to help you choose a project suited to your needs for living or investment, while providing full details on price lists, layouts, sales policies and legal matters.
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