The payment schedule for Hồng Hạc City Phú Mỹ Hưng has been designed as a flexible programme, under which customers only need to pay a total of 20% of the property value by the time they receive the property; the remainder is disbursed by the bank in line with construction progress at a 0% interest rate. Specifically, the schedule begins on 14/6/2025, when the project officially launches sales, followed by a 5% payment on 16/6/2025 and an additional 15% plus VAT on 10/7/2025 to sign the Sale and Purchase Agreement. This is a special policy from developer Phú Mỹ Hưng, giving buyers financial peace of mind while enabling them to own a premium property in Bắc Ninh.
In addition to the payment schedule, Hồng Hạc City’s accompanying financial support policy is another key attraction for investors. Customers can obtain bank financing of up to 65 to 70% of the property value, with a 0% interest rate applied to 30% of the loan and a full principal repayment grace period until the expected handover date in 12/2026. The 3 reputable banks guaranteeing the project are Vietcombank, BIDV and VietinBank, ensuring transparency and legal security for buyers.
Not only is the financial arrangement attractive, but the legal status of Hồng Hạc City’s payment schedule is also clearly confirmed. All transactions are conducted under an official Sale and Purchase Agreement signed directly with developer Phú Mỹ Hưng; the property has a long-term ownership pink book and fully completed construction documentation, meeting all current legal requirements.
The following sections will examine the payment schedule, financing policy and legal requirements in detail, helping customers understand the entire process from placing a deposit to receiving their property at Hồng Hạc City.
What Is Hồng Hạc City’s Payment Schedule?
Hồng Hạc City’s payment schedule is a programme dividing payments into instalments according to specific time milestones. Customers only need to contribute 20% of the total property value themselves by the time they receive the property, while the remainder is disbursed by the bank in line with construction progress.
More specifically, the mechanism of “only 20% by the time of receiving the property” means that the entire amount paid directly by the buyer from placing the deposit to handover is only 20% of the sale price, equivalent to the minimum equity contribution. The remaining 30% of the property value will be disbursed by the bank in 6 instalments corresponding to actual construction progress on site, and the customer will not have to pay either interest or principal throughout this period, thanks to the special grace-period policy from developer Phú Mỹ Hưng.
This is a progress-based payment model combined with financial support, designed to suit both owner-occupiers and investors. Owner-occupiers benefit by avoiding significant financial pressure while waiting to receive the property, while investors can optimise cash flow and preserve capital for other investment channels in the short term.
Phú Mỹ Hưng, the developer of Hồng Hạc City, is well known for its commitment to on-schedule delivery through previous projects such as the Phú Mỹ Hưng urban area in District 7, Ho Chi Minh City. This reputation provides the foundation for Hồng Hạc City’s flexible payment policy to gain the market’s trust and receive guarantees from major banks.
What Instalments Are Included in the Hồng Hạc City Payment Schedule?
The Hồng Hạc City payment schedule comprises 2 main stages: the period before signing the Sale and Purchase Agreement (booking and deposit) and the period after signing the SPA (disbursement according to a 6-instalment schedule), with the total amount paid directly by the customer being only 20% of the property’s value.
Below are all the official payment milestones announced by the developer, Phú Mỹ Hưng, helping customers proactively prepare their finances at each stage:
| Timing | Details | Percentage / Amount |
| Booking | Project launch and booking to select a unit | Booking fee (as notified by the developer) |
| Deposit | Official launch and unit selection | Signing the Deposit Agreement |
| 3 days later | 1st instalment | 5% (excluding VAT) |
| Signing the Sale and Purchase Agreement | 2nd instalment + VAT | 15% + VAT to sign the SPA |
| After signing the SPA until handover | Bank disbursement according to the construction schedule | 30% divided into several instalments, with 0% interest |
| Handover | Property handover | 45% of the property price |
The table above summarises the entire payment journey from the deposit stage through to handover, with the percentage column showing the corresponding proportion of the property’s value at each specific milestone.
Period Before Signing the Sale and Purchase Agreement: Booking and Deposit
The period before signing the Sale and Purchase Agreement comprises 2 steps: booking a preferred unit on 19 April 2025 and signing the Deposit Agreement on 14 June 2025 when the project officially launches, with an initial payment of 5% of the property’s value (excluding VAT).
Specifically, when the project launched on 19 April 2025, customers could make a booking to reserve their preferred unit before the official launch. This was an important step given that the initial supply at Hồng Hạc City, particularly in the Hồng Phát precinct, was considered limited, with the project’s best starting price.
On 14 June 2025, when the official launch took place, customers selected their units and signed the Deposit Agreement. Then, on 16 June 2025, customers paid the full 5% of the property’s value (excluding VAT). The next important milestone was 10 July 2025, when customers paid an additional 15% plus VAT to qualify to sign the official Sale and Purchase Agreement with the developer, Phú Mỹ Hưng.
All payments during this period must be made by bank transfer using the account details stated in the Deposit Form, ensuring compliance with anti-money-laundering regulations and creating a transparent transaction record to protect the buyer’s interests.
Period After Signing the SPA: Instalments Disbursed According to Progress
After the Sale and Purchase Agreement is signed, the bank will disburse a total of 30% of the property’s value in 6 instalments according to actual construction progress, with each instalment being 5% and payable approximately every 3 months, at 0% interest and with full deferral of principal repayments until handover in December 2026.
The special feature of this period is that customers do not have to pay any interest or principal throughout construction. The entire financial burden is eased through the principal repayment deferral and 0% interest-rate support provided by Phú Mỹ Hưng on the 30% disbursed by the bank.
For customers who do not use the 0% interest-rate package (that is, who do not borrow from the bank), the progress-based payment schedule remains at 5% per instalment, payable every 3 months, helping to spread cash flow evenly and make budgeting easier.
Handover is expected in December 2026, meaning customers will have approximately 18 months from signing the SPA to prepare their finances, without any pressure from principal repayments or interest throughout this period.
Does the Hồng Hạc City Payment Schedule Include 0% Interest?
Yes. The Hồng Hạc City payment schedule offers 0% interest to customers borrowing from a bank, subject to at least 3 core conditions: signing the Sale and Purchase Agreement on time, using a loan package from a project partner bank and maintaining the agreed schedule for paying 20% from their own funds.
In addition, to understand the real value of this policy, each applicable condition should be analysed specifically:
First, the 0% interest rate applies only to the 30% of the property’s value disbursed by the bank according to construction progress. Any additional borrowing (if the customer borrows a total of 70% of the property’s value) will be subject to the interest rate separately agreed with the bank after the deferral period.
Second, principal repayment deferral applies until handover. This means customers only need to begin repaying the principal after receiving the property, and can use, let or resell the property to generate cash flow for repayment.
Third, the 3 official banks guaranteeing the project are Vietcombank Nam Sài Gòn, BIDV and VietinBank. Customers should contact the sales department directly to confirm the specific loan application requirements at each bank, as each may have its own requirements regarding income, collateral and credit history.
However, it is important to distinguish that customers who do not use the 0% interest-rate package (that is, those paying entirely from their own funds) can still follow the progress-based payment schedule of 5% every 3 months, but will not benefit from principal repayment deferral because no bank loan is taken out.
How Much Can Customers Borrow When Buying at Hồng Hạc City?
Customers buying at Hồng Hạc City can borrow a maximum of 65% to 70% of the property’s value from partner banks, subject to meeting the credit application requirements of each guaranteeing bank: Vietcombank, ACB and VietinBank.
More specifically, the financial structure for purchasing at Hồng Hạc City is allocated as follows:
| Funding source | Percentage | Notes |
| Own funds (paid by the customer) | 20% | Paid before handover |
| Bank disbursement (0% interest) | 30% | Divided into 6 instalments according to progress, deferred until handover |
| Additional borrowing (depending on requirements) | A maximum of 15% to 20% | Subject to the bank’s conditions, at an agreed interest rate |
| Maximum total borrowing | 65% to 70% | Depending on the application and bank |
The table above shows the typical financial allocation structure for a transaction at Hồng Hạc City, with each column corresponding to the funding source, percentage and specific applicable conditions.
What Is the Difference Between the Early Payment Package and the Progress-Based Payment Package?
The early-payment package offers a higher price discount but requires greater financial capacity, while the payment-by-progress package is suitable for those who want to spread out cash flow, preserve capital and take advantage of bank financing.
Specifically, customers who pay in full or within a short period generally receive a direct discount on the sale price, significantly reducing the total cost of ownership. By contrast, customers who choose to pay 5% every 3 months will not receive a price discount but will benefit from a 0% interest rate and a principal repayment grace period, thereby preserving cash flow more effectively during construction.
Experienced investors generally favour the payment-by-progress package because it allows them to retain capital for parallel investments, while the value of property at Hồng Hạc City continues to increase as the project progresses.
What Conditions Allow Customers to Receive a Principal Repayment Grace Period Until Taking Possession?
Customers receive a grace period on all principal repayments until December 2026 when they meet all 3 conditions: paying the full 20% of equity capital according to the committed schedule, signing the official Sale and Purchase Agreement with Phú Mỹ Hưng, and using a loan package from the project’s partner bank.
A principal repayment grace period means that throughout the period from signing the Sale and Purchase Agreement until taking possession, customers only pay 0% interest on the 30% disbursed by the bank and do not have to repay any principal at all. This is a major advantage over conventional projects, where buyers must begin making bank repayments upon signing the contract even before taking possession.
One point to note is that after taking possession in December 2026, customers will begin repaying principal according to the schedule agreed with the bank. Therefore, planning finances for the post-handover period is an essential step that customers should take from the time they pay the deposit.
Is the Hồng Hạc City Payment Schedule Legally Transparent?
Yes. The legal basis of the Hồng Hạc City payment schedule is fully transparent, with at least 3 safeguards: a Sale and Purchase Agreement signed directly with developer Phú Mỹ Hưng, a long-term ownership pink book and fully completed property documentation in accordance with current law.
Specifically, the entire transaction process at Hồng Hạc City is carried out in accordance with Vietnam’s legal procedures for real estate transactions. Customers sign a Deposit Agreement and then sign the Sale and Purchase Agreement directly with Phu My Hung Development Corporation, without going through any intermediary, ensuring the legal validity of each transaction.
In addition, the project received in-principle approval from Bắc Ninh Province in 2010 and has completed all required licensing procedures. This means that buyers will be issued a pink book with long-term ownership after taking possession and fulfilling their financial obligations; the property documentation will be fully completed and comprehensive legal security will be ensured.
More importantly, the participation of 3 major banks—Vietcombank, ACB and VietinBank—as guarantors not only facilitates borrowing but also provides an independent layer of legal confirmation. These banks only provide guarantees after thoroughly assessing the project’s legal status and the developer’s financial capacity, providing a reliable signal for buyers before they pay a deposit.
How Does the Hồng Hạc City Payment Schedule Compare with Other Bắc Ninh Property Projects?
The Hồng Hạc City payment schedule stands out for its full principal repayment grace period and 0% interest rate, while projects in the same segment in Bắc Ninh generally require a higher proportion of equity capital or do not offer a full grace period throughout construction.
In addition, the clearest differentiating factor between Hồng Hạc City and the market is the combination of the reputation of developer Phú Mỹ Hưng and Japanese partner Nomura with a special financial policy from 3 leading guarantor banks. Most property projects in Bắc Ninh currently support borrowing of only 50% to 60% of the property value and do not offer a principal repayment grace period extending until handover.
Which Payment Package Should Investors Choose to Optimise Cash Flow?
Investors should choose the payment-by-progress package combined with a 0% interest loan to optimise short-term cash flow, while early payment is more suitable if the aim is to reduce the total cost of ownership through a direct discount on the sale price.
For a short-term strategy, such as property flipping or resale after handover, the payment-by-progress package allows investors to retain their capital throughout the 18-month construction period and deploy it through other profitable channels, while property at Hồng Hạc City continues to increase in value as the project progresses. For a long-term strategy, such as holding the property for letting or personal use, the early-payment package reduces the cost basis and increases the profit margin when letting or reselling later.
Do the 1% Appreciation Benefit and 36-Month Management Fee Waiver Affect the Total Cost of Ownership?
Yes. The 1% appreciation benefit and the waiver of management fees for the first 36 months directly affect the actual total cost of ownership (TCO), significantly reducing the financial burden during the initial period after handover.
Specifically, the 1% appreciation discount for Bắc Ninh residents and customers who already own a Phú Mỹ Hưng property is calculated directly on the sale price, equivalent to tens of millions of Vietnamese dong depending on the value of the unit. In addition, waiving management fees for the first 36 months allows buyers to save the entire cost of operating the urban area during the first 3 years after handover. This is a significant expense for high-end projects with extensive amenity systems such as Hồng Hạc City. When both incentives are included in the payment schedule, the buyer’s actual total cost of ownership is significantly lower than the original list price.
