Phú Mỹ Hưng has paid over 1,400 billion VND in land tax for the Hồng Hạc City project, Bắc Ninh
At a time when the real estate market is short of projects with transparent legal status and reputable developers, news that Phú Mỹ Hưng has completed an enormous financial obligation in Bắc Ninh is drawing considerable attention. The fact that the Hồng Hạc City project is being developed on a thorough basis not only demonstrates strong financial capacity but also affirms the commitment of the “giant” of Saigon’s southern area to sustainable development in the northern market.
Transparent legal status – the foundation of trust at the Hồng Hạc City project
One of the key factors that puts customers at ease when committing money to a real estate project is its legal status. The developer – Phú Mỹ Hưng Development Company Limited – has recently paid more than 1,440 billion VND in land tax for 65 ha of commercial residential land at the Hồng Hạc City project.
This figure is not merely a financial obligation but also a guarantee of legal “cleanliness”, making the process of forming residential units and issuing ownership certificates later smoother than ever. At a time when many projects are mired in land-use fee problems, this decisive step by Phú Mỹ Hưng has set a new benchmark for transparency in the Bắc Ninh market.
Lightning progress: the shape of a prestigious urban area gradually emerges
The Hồng Hạc City project (also known as the Hồng Hạc – Xuân Lâm Urban Area) covers a scale of up to 197.7 ha, located in Song Lieu ward, Thuan Thanh town, Bắc Ninh province. To date, the project has reached impressive implementation milestones:
- Site clearance: 196.8 ha of land has been handed over, an almost complete rate of 99.5%.
- Technical infrastructure: The main items are largely complete, with an implementation rate of around 92%.
Construction starting in March 2025 and infrastructure being completed so quickly demonstrate the developer’s professionalism and outstanding delivery capability. Customers can have full confidence that a modern, synchronised urban area will soon come into operation as committed.
A guarantee from Vietnam’s leading real estate brand
The biggest reason customers choose to buy a home at Hồng Hạc City is the reputation of the Phú Mỹ Hưng brand. With more than 30 years of experience (established in 1993), Phú Mỹ Hưng has created a renowned 3,000 ha model urban area in HCMC.
The group’s financial strength is beyond dispute:
- In 2025, Phú Mỹ Hưng recorded post-tax profit of nearly VND 2,945 billion.
- Total assets as at the end of 2025 reached VND 39,418 billion, with undistributed post-tax profit of more than VND 15,000 billion.
With ample financial strength, Phú Mỹ Hưng does not simply sell a house: it delivers a living ecosystem of class and convenience, with added value that endures over time, just as it has done on Nguyễn Văn Linh Boulevard, District 7.
Why is now the golden moment to own a home at Hồng Hạc City?
- A strategic “march north” position: This is the project that marks Phú Mỹ Hưng’s important step into the north, and it promises to be the most carefully honed in order to assert the brand’s standing.
- Real value – real investment: With total investment of more than VND 27,000 billion (over USD 1 billion), the project is expected to become a new living icon for Bắc Ninh province.
- Complete peace of mind: Close scrutiny from Bắc Ninh provincial leaders, together with the developer’s proactive resolution of difficulties over site clearance and planning, ensures the project always stays on a sustainable track.
Hồng Hạc City is not only an ideal place to settle, with green space and modern infrastructure, but also a high-value asset to pass down through generations. As the last square metres of land are gradually completed and financial obligations have been fulfilled, the opportunity to own a property carrying Phú Mỹ Hưng’s “DNA” in the north is clearer than ever.
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PHÚ MỸ HƯNG REAL ESTATE SALES CENTRE
Hotline: 0938 448 427
Website: phumyhungcenter.com
Address: 801 Nguyễn Văn Linh, Tân Mỹ Ward, Ho Chi Minh City
