Triton Crown Phu My Hung Construction Progress Update: Groundbreaking, On-Site Construction, and Handover Schedule

As of May to June 5-6/2026, the construction progress of Triton Crown Phu My Hung is at the basement construction and pile-cap structure completion stage after all bored-pile and diaphragm-wall items were completed earlier. The works are entirely on schedule, with no delay against the programme publicly committed by developer Phu My Hung Development Corporation before commencement.

The Triton Crown project schedule comprises 5 key milestones in chronological order: bored piling and diaphragm wall construction (Q3 to Q4/2025), the official commencement of construction of the building superstructure (Q4/2025), basement and superstructure construction (under way in May to June 2026), the official launch (Q4/2026) and handover of the apartments to residents (Q4/2028). Each milestone is closely monitored in accordance with the approved construction plan, creating a solid foundation for the subsequent on-time handover.

The main contractor for the Triton Crown project is Viễn Đông Construction and Engineering Services Co., Ltd. (Vicons), working alongside specialist piling contractor Bachy Soletanche Vietnam and the independent supervision consultant, Saigon 2 Construction Inspection Joint Stock Company. Together, these three companies form a system for quality and schedule control throughout the project’s entire construction process.

The article below analyses each stage of the actual construction process in turn, covering the entire timeline from commencement to handover, together with the capabilities of the construction and supervision companies, so that buyers and investors have comprehensive information before making a decision.

What stage is the construction of Triton Crown Phú Mỹ Hưng currently at?

In May to June 5-6/2026, the construction progress of Triton Crown Phu My Hung is the B1 and B2 basement construction stage, completing pile caps, foundation beams and basement slabs after the bored-pile and diaphragm-wall items were finished in the preceding months.

To understand the current progress status more clearly, the section below will address in turn the two most important questions commonly asked by buyers: has the project officially commenced, and what specific work is currently being carried out on site within the overall construction process?

Has construction at Triton Crown Phú Mỹ Hưng officially commenced?

Yes, construction of the Triton Crown Phú Mỹ Hưng superstructure officially commenced at the end of Q4/2025, after all bored piling and diaphragm wall works carried out by Bachy Soletanche Vietnam had been completed and the project had met the legal requirements under the construction permit approved by the Ho Chi Minh City Department of Construction.

The official commencement marked an important transition in the project’s lifecycle. Specifically, before construction of the superstructure began, Bachy Soletanche Vietnam had completed the 2 most important foundation engineering works:

The first was bored piling. This involves drilling piles deep into the hard soil strata below and pouring concrete in situ, creating the primary load-bearing pile system for the entire 18-storey building. Bored piling technology ensures the capacity to withstand heavy loads, making it suitable for a low-density luxury apartment building with high structural requirements.

The second item is the construction of the diaphragm wall. A diaphragm wall is created by excavating a deep trench around the perimeter of the building and pouring concrete in situ, forming a reinforced-concrete ring surrounding the entire foundation pit. This item is particularly important for Triton Crown because the project has 2 basement levels, requiring the diaphragm wall to have sufficient depth and rigidity to keep the surrounding ground stable throughout the construction of the basement.

Regarding the legal status of the groundbreaking event, under Article 55 of the 2023 Law on Real Estate Business, the developer may only commence construction and subsequently launch sales once it has obtained a complete Construction Permit issued by the Ho Chi Minh City Department of Construction. Phú Mỹ Hưng’s groundbreaking in Q4/2025, as announced, demonstrates that Triton Crown’s legal documentation had been completed and approved according to schedule.

Which construction item is Triton Crown currently working on?

In May 2026, Triton Crown was carrying out construction of basement levels B2 and B1, including excavation of the foundation pit, construction of pile caps, foundation beams and basement floors in accordance with the approved design drawings and the initially committed schedule.

Basement construction is the most technically important and complex stage in the entire construction cycle of a high-rise building, as this is when the actual quality of the previously completed foundation and diaphragm-wall designs is put to the test. The table below describes the sequence of works being carried out and to be implemented during Triton Crown’s basement construction stage, helping buyers clearly understand each technical step and the complexity of this stage:

Basement construction progress is the most important practical indicator for buyers assessing the likelihood of on-time handover in Q4/2028. With 2 basement levels and 18 above-ground floors, the Triton Crown project requires approximately 24 to 30 months to complete the structure and interior fit-out after the foundation works are completed. Progress in May 2026 is at the appropriate stage to ensure the Q4/2028 handover schedule as committed.

What are the key milestones in the implementation schedule for the Triton Crown Phú Mỹ Hưng project from construction commencement to handover?

The Triton Crown project implementation schedule comprises 5 key milestones in chronological order: foundation piling and diaphragm wall construction (Q3 to Q4/2025), commencement of the main structure (Q4/2025), construction of the basement and building structure (Q1 to Q3/2026), official launch (Q4/2026) and handover of residents’ apartments (Q4/2028).

In addition to the 5 key milestones, the implementation roadmap also includes the issuance of ownership certificates after handover, expected to take 6 to 12 months based on Phú Mỹ Hưng’s actual track record on previously implemented projects. Below is a detailed analysis of each group of important milestones to help buyers monitor the roadmap as accurately as possible.

How will the commencement and foundation construction milestone for Triton Crown take place?

The commencement and foundation construction milestone for Triton Crown runs from Q3/2025 to the end of Q4/2025 and is divided into 2 successive technical stages: bored piling and diaphragm wall construction by Bachy Soletanche, followed by the official commencement of the main structure, undertaken by the main contractor Vicons.

To understand the entire foundation stage of Triton Crown, both stages should be analysed in detail according to the actual construction sequence:

Stage 1 is the construction of bored piles and diaphragm walls (Bachy Soletanche, Q3 to Q4/2025). This is a low-profile but decisive stage that determines the overall safety of the development. Bachy Soletanche Vietnam is a subsidiary of the French Soletanche Bachy Group, one of the world’s leading deep-foundation and geotechnical contractors, with more than 75 years of experience in over 100 countries. The selection of this contractor for Triton Crown’s foundation works provides specific evidence of Phú Mỹ Hưng’s commitment to construction quality from the very first step.

Stage 2 is the official commencement of the main structure (Vicons, Q4/2025). After Bachy Soletanche hands over the entire piling and diaphragm wall package to the required standards, Vicons officially takes over and proceeds with excavation, pile cap construction and basement construction. This stage handover takes place after the independent supervision consultant confirms that all piles and diaphragm walls meet the design requirements and load-bearing standards.

The entire foundation stage of Triton Crown lasts approximately 4 to 6 months, which is appropriate for a development comprising 2 18-storey towers and 2 basement levels on a 1.21 ha site in the central Hồ Bán Nguyệt area, where strict control is required over impacts on the structures surrounding the site.

When are the official launch and Triton Crown apartment handover planned?

The official launch of Triton Crown is scheduled for Q4/2026 (October 2026), with apartment handover expected in Q4/2028, approximately 3 years from the commencement of the main structure at the end of Q4/2025.

The table below summarises all 5 key milestones of the Triton Crown project, from implementation to residents receiving their ownership certificates, helping buyers monitor progress and plan their finances appropriately:

The Q4/2026 sales launch means that those currently registering for priority information will have around 6 months to prepare their finances and select a unit before signing the formal sale and purchase agreement. This is a reasonable period for buyers to arrange bank finance, particularly with a policy requiring only 20% of the apartment value at signing and the remainder supported by bank loans of up to 70 to 80% with preferential interest rates and a 24-month principal grace period.

Which contractors are building the Triton Crown Phú Mỹ Hưng project?

Three parties are directly involved in the construction and supervision system for the Triton Crown project in separate roles: Bachy Soletanche Vietnam (piling and foundations contractor), Vien Dong Construction and Engineering Services Co., Ltd. (Vicons) as main contractor, and Saigon 2 Construction Verification JSC as independent supervision consultant.

In addition, Phú Mỹ Hưng, as developer, acts as overall coordinator of the entire construction process, ensuring consistency between the design by Handel Architects and actual construction on site. The section below analyses in detail the capability and role of the two parties directly determining the quality and progress of the tower superstructure, namely Vicons and Saigon 2 Verification.

Is Vicons qualified to build a luxury apartment project?

Yes, Vien Dong Construction and Engineering Services Co., Ltd. (Vicons) is qualified to build the Triton Crown project as it has practical experience in building high-rise structures in Ho Chi Minh City, strong financial capacity meeting Phú Mỹ Hưng’s tender requirements, and a methodical construction management system to international standards.

More specifically, Vicons has extensive experience in reinforced concrete frame construction for high-rise buildings in the Ho Chi Minh City market. This is particularly important for Triton Crown as the development has distinctive technical features such as the stepped architecture designed by Handel Architects, requiring a construction team with a thorough understanding of stepped slab techniques and vertical greenery walls integrated into the building’s exterior structure.

More importantly, Phú Mỹ Hưng’s contractor selection process always undergoes a rigorous tender with assessment criteria covering financial capacity, technical capability and practical experience with projects of equivalent scale and nature. The selection of Vicons as main contractor for Triton Crown demonstrates that this company meets all of those strict criteria simultaneously.

Besides technical capability, Vicons bears direct contractual liability to the developer for the progress of each work item, the quality of materials used as specified in the design, and site labour safety. This is an additional layer of contractual protection for apartment buyers, as delays by the contractor entail financial penalties from the developer.

Who is Triton Crown’s construction supervision consultant and what is their role?

Triton Crown’s construction supervision consultant is Saigon Construction Inspection Joint Stock Company 2 (SGCC2), an independent professional supervision consultancy responsible for inspecting and certifying the entire construction process, from the foundation stage through to completion, ensuring that the project is built according to the design, technical standards and committed schedule.

Specifically, Saigon Construction Inspection Company 2’s role in the Triton Crown project comprises 4 main groups of responsibilities:

The first group of responsibilities is controlling the quality of incoming materials. Before any construction materials such as concrete, steel or finishing materials are used on site, the supervision consultant must inspect their origin, quality certificates and test results from an accredited laboratory. This ensures that no substandard materials enter the building structure.

The second group of responsibilities is supervising construction at each stage. After each work item is completed, the supervision consultant conducts a technical acceptance inspection and confirms in writing that the conditions for proceeding with the next work item have been met. Without the supervisor’s confirmation, the contractor is not permitted to carry out the subsequent construction stages.

The third group of responsibilities is monitoring the overall schedule. The supervision consultant prepares periodic reports comparing actual progress with the plan, identifies potential delays at an early stage and proposes timely corrective measures to ensure that handover milestones are not affected.

The fourth group of responsibilities is preparing the as-built documentation. Once the entire project is completed, the supervision consultant works with the contractor and developer to prepare the complete as-built dossier for submission to the Ho Chi Minh City Department of Construction, which is a prerequisite for carrying out the procedures to issue pink books to each flat owner after handover.

The presence of an independent supervision consultant such as Saigon Construction Inspection Company 2 provides a third layer of protection for buyers. Operating independently of both the developer and the construction contractor, it ensures that buyers’ interests are protected objectively and transparently throughout the construction process.

What advantages does Triton Crown’s on-time progress offer compared with premium projects delayed in District 7?

Triton Crown has an advantage in schedule transparency and the preservation of investment value thanks to Phú Mỹ Hưng’s 33-year track record of no delays, while many premium apartment projects outside the PMH ecosystem in District 7 have experienced handover delays of 6 to 24 months, directly affecting investors’ cash flow and exit strategies.

Did Phú Mỹ Hưng deliver The Regency and The Sculptura according to their commitments?

Yes, Phú Mỹ Hưng delivered The Regency and The Sculptura according to their committed schedules. The two projects formed part of the Phú Mỹ Hưng 2.0 phase, which was successfully launched in 2025. Both projects were launched according to the announced schedule at the end of 2025 and sold out, while construction progress on both developments experienced no delays compared with the published roadmap. This is the most important practical basis for Triton Crown buyers to trust the Q4/2028 handover commitment. Phú Mỹ Hưng is also the only developer in Ho Chi Minh City to have been recognised by the Ministry of Construction as a model urban area in 2008, demonstrating consistency in fulfilling its commitments over more than three decades.

How does a delayed apartment project affect buyers’ secondary investment value?

A delayed apartment project has 4 direct negative impacts on buyers’ secondary investment value: additional bank interest incurred while waiting for handover, lost rental income opportunities compared with the original plan, lower resale prices due to a loss of market confidence, and difficulty selling when seeking to exit the investment. Conversely, Triton Crown’s on-schedule progress enables investors to calculate cash flow and rental income accurately from Q4/2028, with an expected rental yield of 6 to 8% per year, supported by high demand from foreign professionals in the Phú Mỹ Hưng area. This is a genuine competitive advantage that investors should consider when comparing Triton Crown with other projects on the market.