Hồng Hạc City townhouse prices in phase 1 comprise 2 main price groups by property type: townhouses (garden terrace houses, 94 homes, 4 storeys) range from VND 16 billion to VND 40 billion, while shophouses (commercial townhouses, 170 homes, 5 storeys) range from VND 18 billion to VND 42 billion. Both have reference land prices of VND 125 million to VND 160 million per square metre, depending on the location within the Hồng Phát precinct. In particular, the easiest typical example to remember is a ready-built 6×20m townhouse with 4–5 storeys, priced at approximately VND 15 billion, equivalent to VND 125 million per square metre.
Regarding the financing policy, investors need to pay only 20% upon signing the sale and purchase agreement, while receiving bank financing of up to 70% of the property’s value through Vietcombank, VietinBank and ACB at 0% interest throughout the period until handover on 10 December 2026, and benefiting from a management fee waiver for the first 36 months and an additional 1% discount if they are Bắc Ninh residents or existing Phú Mỹ Hưng customers.
Regarding the rationale for the pricing, Hồng Hạc City townhouses priced at VND 125 million to VND 160 million/m² are clearly justified by Phú Mỹ Hưng’s more than 30 years of construction standards, separate red-book title documentation for each home ordered for issuance by the Bắc Ninh Provincial People’s Committee before 25 March 2025, and the fact that phase 1 offers the lowest entry price before increases in phases 2 and 3. Explore the detailed price list and complete financing policy in the article below.
What types of homes are available at Hồng Hạc City?
There are 2 main townhouse types at Hồng Hạc City based on their intended use: townhouses (garden-linked townhouses, primarily for residential use combined with small-scale business activities) and shophouses (commercial townhouses, optimised for businesses facing the boulevard). Each type has clearly different numbers of floors, floor areas and intended uses.
Specifically, both types are located in the Hồng Phát subdivision (Zone F1) of the Hồng Hạc City eco-urban area, developed by Phú Mỹ Hưng in partnership with NOMURA Real Estate in Xuân Lâm Commune, Thuận Thành District, Bắc Ninh Province. In addition, Phase 1, launched for sale on 14/6/2025, offers a total of 264 townhouses, comprising 94 townhouses and 170 shophouses, out of 323 low-rise properties. Below is a detailed price table for each Hồng Hạc City townhouse type.
How much do Hồng Hạc City townhouses cost?
There are 2 main Hồng Hạc City townhouse price ranges based on type: townhouses (VND 16–40 billion per property) and shophouses (VND 18–42 billion per property), all based on land prices of VND 125–160 million per square metre, depending on the specific location within the Hồng Phát subdivision.
Below is a summary of the complete Hồng Hạc City townhouse price range for Phase 1, allowing investors to quickly understand the price bands and select a type suited to their budget:
The table below provides an overview comparing the 2 Hồng Hạc City townhouse types by number of properties, floor area, number of floors and Phase 1 price range:
| Type | Quantity | Land area | Number of floors | Price range |
| Townhouse (garden-linked) | 94 properties | 111 to 292m² | 4 floors | VND 16–40 billion |
| Shophouse (commercial) | 170 properties | 120 to 275m² | 5 floors | VND 18–42 billion |
More specifically, prices vary considerably within each type depending on location and property type (standard or corner). Below is a detailed analysis of each group.
What is the latest price of Hồng Hạc City townhouses (linked townhouses)?
Hồng Hạc City townhouse prices range from VND 16–40 billion per property, depending on floor area and location. They are the entry-level properties in the project’s entire landed-property portfolio, with 94 properties in Phase 1.
Specifically, the table below provides a detailed breakdown of Hồng Hạc City townhouse prices by size group and property type, helping investors accurately determine the budget required:
| Property group | Size | Land area | Total floor area | Estimated price |
| Standard property 6×18.5m | 6×18.5m | 111m² | 295m² | VND 16–20 billion |
| Standard property 6×20m | 6×20m | 120m² | 295–336m² | VND 20–25 billion |
| Larger property | 6×20m (large plot) | 120–200m² | 336m² | VND 25–30 billion |
| End-corner property | 12×18.5m | 191–276m² | 336m² | VND 30–40 billion |
In addition, all Hồng Hạc City townhouses are built with 4 floors, a private front garden, and handed over with the exterior completed in a modern French style, while the interior is left unfinished and includes lift shaft provision, a septic tank, concrete floors, glazed doors and a staircase. Notably, only 9 end-corner properties are being released in Phase 1, with plot areas of 191–276m² and spacious, open gardens on 2 to 3 sides — making them the scarcest and most liquid properties in the townhouse segment. Therefore, investors wishing to own a corner property should reserve early to gain an advantage when selecting a prime location among these 9 limited properties.
What is the latest price of Hồng Hạc City shophouses (commercial townhouses)?
Hồng Hạc City shophouse prices range from VND 18–42 billion per property, depending on location and the number of frontages. Standard plot sizes are 6×20m (120m²) for through-properties and 8×20m (160m²) for corner properties. Shophouses account for the largest proportion of the townhouse portfolio, with 170 properties in Phase 1.
Specifically, the table below provides a detailed breakdown of Hồng Hạc City shophouse prices by property type, enabling investors to compare them directly with townhouses and determine an appropriate budget:
| Shophouse type | Size | Total floor area | Number of frontages | Estimated price |
| Through-property on an internal road | 6×20m | 405m² | 1 | VND 18–22 billion |
| Through-property on the 40.5m boulevard | 6×20m | 427m² | 1 | VND 22–25 billion |
| 2-frontage corner property | 8×20m | Up to 523m² | 2 | VND 25–35 billion |
| 3-frontage corner property with a side opening | 8×20m | Up to 523m² | 3 | VND 35–42 billion |
More importantly, shophouses are 2 to 5 billion VND higher than townhouses of the same area because they have one additional floor (5 storeys versus 4 storeys) and a significantly larger total gross floor area (405–523m² versus 295–336m²). In addition, the advantage of fronting Hong Hac Boulevard, 40.5m wide with 6m pavements, creates superior commercial value that townhouses do not have, thereby explaining why the price difference between the two property types is fully grounded in economic value.
What are the financing policies for buying Hồng Hạc City townhouses?
The financing policy for buying Hồng Hạc City townhouses includes 5 main financial incentives from developer Phú Mỹ Hưng: support for loans of up to 70% of the property value, 0% interest until handover on 10/12/2026, 3% per annum interest-rate support for 12 months after handover, a management fee waiver for the first 36 months and a 1% discount exclusively for Bắc Ninh residents and existing Phú Mỹ Hưng customers. In particular, the same financial policy applies equally to both townhouses and shophouses, thereby enabling investors to compare them purely on property value without having to worry about differences in lending conditions.
Below is a summary of the complete financing policy and financial incentives for purchasing Hồng Hạc City townhouses in Phase 1:
| Financial incentives | Details |
| Bank loan support | Up to 70% of the property value |
| Partner bank | Vietcombank, VietinBank, ACB |
| Principal and interest grace period | 0% until handover on 10/12/2026 |
| Interest rate support after handover | 3% per annum for the following 12 months |
| Management fee waiver | First 36 months after handover |
| Special discount | 1% for Bắc Ninh residents and existing PMH customers |
| Initial payment period | Only 20% until handover |
What is the payment schedule for Hồng Hạc City townhouses?
The Hồng Hạc City townhouse payment schedule is divided into 4 main stages: placing a reservation deposit, signing the sale and purchase agreement with a payment of 20% of the property value, 5% instalments linked to construction progress, and payment of the remaining balance upon receiving the property and the pink book.
Specifically, the table below sets out the detailed Hồng Hạc City townhouse payment schedule by timeline milestone, applicable to both townhouses and shophouses:
| Timeline milestone | Payment details | Percentage |
| Deposit | Reservation, with priority for selecting the best units | By agreement |
| 10/7/2025 | Sign the sale and purchase agreement + make instalment 1 | 20% of the sale price excluding VAT + applicable VAT |
| 10/9/2025 | Instalment 2 according to construction progress | 5% + VAT |
| Subsequent instalments | 5% per instalment according to construction progress | 5% per instalment + VAT |
| 10/12/2026 | Handover (if not taking out a loan) | Remaining 75% |
| Upon receiving the pink book | Final instalment | 5% of the sale price |
In addition, here is the clearest practical example: an investor buying a standard townhouse worth VND 20 billion only needs to prepare VND 4 billion (20%) to sign the sale and purchase agreement and secure the best unit, while the entire 70% loan (VND 14 billion) benefits from a complete principal and interest grace period at 0% until 10/12/2026. This means that during the 18-month construction period from July 2025 to December 2026, the investor incurs no loan interest costs whatsoever, thereby retaining the full VND 14 billion in borrowed funds to optimise cash flow while waiting to receive the property.
How much equity is needed to buy a Hồng Hạc City townhouse?
The minimum equity required when buying a Hồng Hạc City townhouse is 30% of the total property value (after taking out a 70% bank loan), ranging from VND 4.8 billion for the lowest-priced standard townhouse to VND 12.6 billion for the highest-priced corner shophouse.
Specifically, the table below compares the minimum equity required for each Hồng Hạc City townhouse category, helping investors determine the budget that suits their current financial capacity:
| Townhouse category | Property value | Vay 70% | 30% equity |
| Standard townhouse (lowest) | VND 16 billion | VND 11.2 billion | VND 4.8 billion |
| Standard townhouse (average) | VND 22 billion | VND 15.4 billion | VND 6.6 billion |
| Corner townhouse (highest) | VND 40 billion | VND 28 billion | VND 12 billion |
| Through shophouse (lowest) | VND 18 billion | VND 12.6 billion | VND 5.4 billion |
| Avenue-facing through shophouse | VND 22 billion | VND 15.4 billion | VND 6.6 billion |
| Corner shophouse (highest) | VND 42 billion | VND 29.4 billion | VND 12.6 billion |
More importantly, the 30% equity does not need to be prepared all at once but is spread across the payment schedule: the largest amount is 20% when signing the sale and purchase agreement, followed by subsequent instalments of just 5% in line with construction progress, thereby significantly reducing cash-flow pressure compared with having to prepare the full 30% at once. Furthermore, the 1% discount for Bắc Ninh residents and existing PMH customers directly reduces the property value, loan amount and equity requirement at the same time, thereby optimising the total ownership cost to the lowest possible level during phase 1.
Are Hồng Hạc City townhouse prices reasonable?
Yes, Hồng Hạc City townhouse prices are entirely reasonable based on at least 3 clear grounds: the price of VND 125–160 million/m² accurately reflects the proven Phú Mỹ Hưng urban development standard established over more than 30 years; separate red books for each property protect the full long-term value of the asset; and phase 1 offers the lowest entry point before prices are adjusted upwards in phases 2 and 3 of the project.
More specifically, compared with local townhouses in Thuận Thành and neighbouring districts of Bắc Ninh without the Phú Mỹ Hưng brand, which typically cost VND 70–100 million/m², Hồng Hạc City townhouses are approximately 30–60% more expensive. However, this price difference is fully explained by 3 factors: construction quality to Phú Mỹ Hưng standards; an integrated amenities ecosystem comprising a 10,000m² clubhouse, parks, swimming pools, a gym and an 8-level school within the urban area; and the brand reputation, which attracts a high-income resident community and creates considerably more stable rental and resale demand than local projects.
In addition, separate red books for each property were directed by the Bắc Ninh Provincial People’s Committee to be fully issued before 25/3/2025, and in more than 30 years of urban development, Phú Mỹ Hưng has not had any serious legal disputes with buyers in any project. In particular, Bắc Ninh is being oriented towards becoming a centrally governed municipality by 2030, thereby revaluing all property in the area in line with the standards of a grade-1 urban area. Furthermore, the Hồng Hạc City project’s total investment of VND 27,000 billion (US$1.06 billion) demonstrates the developer’s long-term development commitment rather than a short-term speculative project.
Should you choose a Hồng Hạc City townhouse or shophouse based on price and objectives?
Townhouses offer the lowest entry price and are suitable for long-term residence, while shophouses offer better commercial profit margins and benefit from frontage on the boulevard. Investors should base their choice on their specific budget and objectives to select the most suitable property type.
Below is a detailed analysis of each property line to help investors make an informed decision.
What budget and objectives are Hồng Hạc City townhouses suitable for?
Hồng Hạc City townhouses are best suited to young families seeking long-term accommodation or investors prioritising stable residential rental income, with an entry budget of VND 4.8 billion in equity. Specifically, townhouses have the lowest entry price across Hồng Hạc City’s entire land-attached property portfolio, being VND 2–3 billion cheaper than shophouses of the same size because they do not benefit from an additional storey or frontage on the commercial boulevard. The Phú Mỹ Hưng standard of living, with private gardens and an exclusive community in Bắc Ninh, offers a unique brand advantage that no local townhouse project can replicate for the first time, thereby generating rental demand from FDI professionals and businesspeople who want to live in a model urban environment.
Do Hồng Hạc City shophouses offer better profit margins than townhouses?
Yes, Hồng Hạc City shophouses offer higher commercial and rental profit margins than townhouses thanks to 3 distinctive advantages: frontage on the 40.5m boulevard, which generates greater natural customer traffic; a larger built-up floor area (up to 523m² compared with 336m²); and a 5-storey design that maximises commercial space. Specifically, F&B businesses, amenity services and offices for professionals are generally willing to pay substantially higher rents for commercial premises than for residential properties, particularly once Ring Road 4 and Gia Bình Airport are completed in 2026, increasing commercial traffic in the Thuận Thành area. Investors requiring an entry budget of VND 5.4 billion and willing to accept business fluctuations will achieve better long-term profit margins than with townhouses as the area’s commercial market matures.
