Construction of Casa Luna Phú Mỹ Hưng is currently at the underground works stage, following the official groundbreaking ceremony on 06/03/2026 at Lot CN8-2 in the Kênh Đào sub-area. The project comprises 2 buildings with 20 above-ground floors and 2 basement levels, totalling 49 Sky Villas, and is expected to be completed and handed over to residents in early July 2028. This official information was announced by Phu My Hung Development Corporation at the groundbreaking ceremony, ensuring transparency and a clear commitment from the developer.
Alongside construction progress, Casa Luna is expected to officially launch sales in Q3 or Q4/2026, a timeframe that interested customers should note in order to prepare for placing a reservation and signing a contract. With only 49 unique residences, competition at launch is expected to be intense, requiring investors to monitor progress closely and contact the distribution agency early.
To add further important information, Casa Luna’s payment schedule is directly linked to construction progress and is divided into several instalments over 20 months, from signing the sale contract until handover. Phu My Hung Development Corporation offers bank financing at 0% interest, with a principal repayment grace period until handover, helping investors optimise their cash flow throughout construction.
What Stage Is Casa Luna Phú Mỹ Hưng’s Construction Currently At?
As of May 2026, Casa Luna Phú Mỹ Hưng’s construction is at the underground works stage, specifically piling and basement construction, following the official groundbreaking ceremony held on 06/03/2026 at Lot CN8-2 in the Kênh Đào sub-area, District 7.
Let’s explore in detail each construction milestone completed so far and Casa Luna’s roadmap ahead.
What Happened at Casa Luna’s Groundbreaking Ceremony on 06/03/2026?
Casa Luna’s groundbreaking ceremony was an important event marking the transition from the preparation stage to actual construction. It was held on the morning of 06/03/2026 at Lot CN8-2, attended by the leadership of Phu My Hung Development Corporation and its strategic partners.
The event was not merely ceremonial; it also confirmed that the project had completed its legal procedures. Specifically:
- The building permit had been fully approved before 06/03/2026, ensuring that all legal documentation, from land-use rights and design appraisal to the building permit, complied with Vietnamese law.
- The construction contractor had been selected and had signed a contract before the groundbreaking ceremony, with a clear commitment to the construction schedule for each stage.
- The message from Phu My Hung Development Corporation at the groundbreaking ceremony confirmed that the project would be completed and handed over on schedule in early July 2028, continuing the “say what you do and do what you say” reputation that the Phú Mỹ Hưng brand has built over more than 33 years of urban development in Vietnam.
When Is Casa Luna’s Foundation and Basement Structure Expected to Be Completed?
Casa Luna’s foundation and basement structure is the most technically complex stage of the entire project and is expected to take place from Q1 to Q2/2026, or from March to June 2026, with a total foundation area of 5,450m².
More specifically, the technical features of this stage include:
- Bored-pile foundation solution: With the total structural load comprising 2 buildings of 20 above-ground floors and 2 basement levels, Casa Luna uses reinforced-concrete bored piles. This is a mandatory standard for luxury high-rise buildings in the Phú Mỹ Hưng area, where the ground has the characteristic weak soil conditions of southern Saigon.
- 2 basement levels: These provide parking for the 49 Sky Villas, with a priority ratio of at least 2–3 parking spaces per residence, meeting luxury property standards.
- Underground works construction period: For a comparable project scale, the foundation and basement stage typically lasts 4–6 months, putting completion of the underground works around Q3/2026, coinciding with the developer’s expected official sales launch.
What Is the Expected Construction Schedule for Casa Luna’s Main Building Structure?
Construction of Casa Luna’s main building structure is expected to run from Q3/2026 through to the end of Q4/2027, with an average floor-pouring rate of 1–2 floors per month, depending on weather conditions and the construction workforce.
The structural construction schedule includes key milestones that customers should monitor:
- Structural construction rate: With 20 above-ground floors and 49 large residences ranging from 275 to 507m², each floor involves significantly more concrete and steel than a conventional apartment. The actual construction rate is estimated at 10–16 months to complete the 20-storey structure.
- Topping-out milestone: Expected around Q3 or Q4/2027, this important milestone marks completion of the building’s structural works and the transition to the fit-out stage.
- External façade construction: As the upper floors are poured, the finishing team begins work on the façade from the lower floors upwards, including natural stone cladding, installation of large-format glazing and decorative detailing in DWP’s Modern Classic style.
What Work Is Included in Casa Luna’s Fit-Out and Handover Stage in July 2028?
Casa Luna’s fit-out and handover stage in July 2028 comprises 5 main groups of works: completing the residences’ interiors, installing imported European equipment, commissioning the MEP systems, conducting comprehensive quality inspections and holding the official handover ceremony for the 49 Sky Villa owners.
The individual groups of works are as follows:
- Basic interior finishing: Laying natural marble flooring, installing bedroom flooring, painting the walls and fitting plasterboard ceilings in accordance with DWP’s design.
- Installation of imported sanitaryware and kitchen appliances: Sanitaryware from Grohe, Hansgrohe or Duravit; kitchen appliances from Miele or Gaggenau are installed and tested.
- Commissioning of the MEP systems: Testing and acceptance of the electrical, water, fire protection, central air-conditioning, lift and smart home systems.
- Full-project quality inspection: The developer coordinates with an independent supervision unit to conduct a comprehensive inspection before inviting customers to visit and sign the handover minutes.
- Handover ceremony in July 2028: Customers receive handover of their apartments and pay 45% upon taking possession. The final 5% payment is made upon receipt of the pink book.
What Construction Milestones Will Casa Luna Phú Mỹ Hưng Reach from March 2026 to July 2028?
Casa Luna’s construction from March 2026 to July 2028 will pass through 4 main stages along the timeline: the underground works stage (Q1–Q2/2026), the building structure construction stage (Q3/2026 to Q4/2027), the finishing stage (Q1–Q3/2028), and official handover in July 2028.
Below is a detailed schedule for each stage to make it easy for customers to compare and monitor progress:
Q1 and Q2/2026: What Works Are Being Carried Out at Casa Luna?
Q1 and Q2/2026 are the stages during which Casa Luna is focusing on underground works, including site clearance and preparation, bored piling, foundation excavation, and construction of the basement 1 and basement 2 floors.
The table below summarises the construction works by month during the underground works stage, making it easy for customers to monitor actual progress:
| Journey time | Construction works | Significance for customers |
| March 2026 | Groundbreaking ceremony and site clearance | The project officially begins construction, with all legal requirements completed |
| April 2026 | Reinforced-concrete bored piling | The foundations are constructed, giving the building high durability |
| May 2026 | Foundation excavation and pile-cap construction | The underground structure begins to take shape |
| June 2026 | Construction of basement 2 and basement 1 floor slabs | Underground works are completed, in preparation for casting level 1 |
Furthermore, during this stage, Phú Mỹ Hưng Development Corporation undertakes to regularly update construction-site images on its official website and media channels, enabling customers to monitor actual progress without having to visit in person.
Q3/2026 to Q4/2027: What Is the Construction Progress for the Building Structure?
The period from Q3/2026 to Q4/2027 is the most important stage in Casa Luna’s construction, focusing on building the structure of the 20 above-ground floors of the 2 parallel towers, with the aim of topping out around Q3 or Q4/2027.
During this 18-month period, several construction activities will take place simultaneously at the Casa Luna site:
- Casting the floor slabs and constructing the columns and walls on each floor: At an average rate of 1 floor every 3–4 weeks, from Q3/2026 to Q4/2027, the project could complete the structure of all 20 above-ground floors before entering the finishing stage.
- Constructing the façade upwards in parallel: Once the structures of the lower floors are sufficiently solid, the external finishing team begins installing natural stone cladding and large-format toughened glass from the first floors upwards, creating a clear ‘floor-by-floor completion’ effect.
- Topping-out milestone: The topping-out ceremony is an important event that the developer usually holds to affirm to customers and the market that progress is on schedule. Customers may request to be notified of this event so that they can visit the site in person.
Q1 to Q3/2028: How Will the Finishing and Handover Preparation Stage Proceed?
The period from Q1 to Q3/2028 is the stage for completing the interiors and preparing Casa Luna for handover, including installing all European-imported equipment, testing the mechanical, electrical and air-conditioning systems, and conducting a full-project quality inspection before the handover ceremony in July 2028.
In addition, this is also the stage during which customers may request to visit the completed show home to inspect handover quality before signing the acceptance minutes. The specific steps are as follows:
- Q1/2028: Completion of the basic interiors of all 49 units (flooring, ceilings, walls and internal doors).
- Q2/2028: Installation of sanitary fittings, kitchen equipment, the smart-home system, and the audio and lighting systems. Testing and adjustment of all MEP systems.
- June and July 2028 (Months 6 and 7/2028): Quality inspection of the works by an independent supervision consultant. Rectification of any outstanding items. Organisation of the official handover ceremony for the 49 Sky Villa owners.
Will Casa Luna Officially Launch Sales in Q3–Q4/2026?
Yes, Casa Luna is officially expected to launch sales in Q3 or Q4/2026 for at least 3 credible reasons: first, the project broke ground on 06/03/2026, meaning that its legal requirements have been completed; second, Phú Mỹ Hưng Development Corporation has publicly committed to this sales-launch schedule; and third, completion of the underground works in Q2/2026 is usually when luxury developers officially announce prices and launch sales.
To understand the process and conditions for purchasing Casa Luna as soon as sales launch, see the information below:
What Is the Casa Luna Booking and Deposit Process?
The Casa Luna booking and deposit process consists of 4 sequential steps: priority booking, signing the deposit agreement, signing the official sale and purchase agreement, and making the first 20% payment.
The table below describes in detail the 4 steps in the Casa Luna purchase process, from booking to signing the official sale and purchase agreement:
| Step | Details | Amount | Date |
| Step 1: Booking | Priority booking to select a unit, refundable if the customer does not proceed | VND 100–200 million per booking | Before the official sales launch |
| Step 2: Signing the deposit agreement | Confirmation of the apartment and securing the purchase right | Part of the apartment value | After the official Q3/2026 sales-launch announcement |
| Step 3: Signing the sale and purchase agreement | Signing a legally complete sale and purchase agreement with the developer | Payment of 20% of the unit value | According to the developer’s schedule |
| Step 4: Progress-based payments | Deferred payments linked to construction progress, at 0% interest | 30% of the unit value | According to construction milestones over 24–30 months |
More importantly, with only 49 unique Sky Villas, competition during the booking round is expected to be very high. Many investors on the interested-party list have already contacted the sales department to register for priority information. This means that the number of units reserved in advance could reach 30–50% of the total number of units as soon as official sales launch.
What Are the Conditions for Purchasing Casa Luna as Soon as Sales Launch?
The conditions for being able to buy Casa Luna as soon as sales open comprise 3 main requirements: registering on the priority list before the launch, having the financial capacity to make the first 20% payment on signing the sale and purchase contract, and meeting bank lending conditions if financial leverage is used.
More specifically on each condition:
Financial requirement for the first payment: given Casa Luna’s expected price, which places it in the luxury Sky Villa segment at Phú Mỹ Hưng, the 20% payment on signing the sale and purchase contract requires investors to have substantial capital available. The remaining 30% is paid according to construction progress at 0% interest, and 45% is paid on handover in July 2028.
Supporting bank loan conditions: the developer Phú Mỹ Hưng partners with banks to support loans of up to 70% of the apartment value, with a preferential 0% interest rate and a grace period on principal throughout the construction period until handover in July 2028. After the grace period, the interest rate is floating and linked to the market.
How to register for priority information: interested customers should contact Phú Mỹ Hưng’s sales department directly via the official website phumyhungvn.com or through an official distribution agency authorised by Phú Mỹ Hưng, so as to be placed on the VIP customer list to receive launch information before the general public.
Does Phú Mỹ Hưng guarantee that Casa Luna will be handed over on schedule in July 2028?
Yes, Phú Mỹ Hưng guarantees handover of Casa Luna on schedule in July 2028, on 3 solid grounds: a historical track record of handing over on time or ahead of schedule on previous projects, a closed-end development model that controls quality from start to finish, and clear legal compensation clauses in the sale and purchase contract that protect customers’ interests.
What is Phú Mỹ Hưng’s handover record on previous projects like?
Phú Mỹ Hưng has a record of handing over on time or ahead of the committed schedule on landmark projects within the same Sky Villa and luxury apartment segment in the Phú Mỹ Hưng township. This is confirmed by thousands of residents already living at The Regency, The Sculptura and Triton Crown. The fundamental reason is that Phú Mỹ Hưng applies a closed-end development model: it controls planning, design, construction and supervision itself, rather than depending entirely on external contractors. This model removes most of the risk of delay caused by contractors lacking financial or human resources, which is the most common cause of late handover in the Vietnamese real estate market.
If Casa Luna is handed over later than July 2028, how are customers’ rights protected?
If Casa Luna is handed over later than July 2028, customers’ rights are protected through the progress penalty clause in the Sale and Purchase Agreement, in accordance with the provisions of Vietnam’s Law on Housing and Law on Real Estate Business. The usual penalty rate is 0.05% of the total amount paid for each day of delay in handover. If the developer hands over later than the number of days stipulated in the SPA, customers have the right to cancel the contract and request a full refund of all amounts paid plus interest. The most important practical piece of advice: before signing the SPA, customers should require the developer to state a specific handover date, namely “31/07/2028”, rather than only “July 2028” or “Q3/2028”, so that there is a legal basis for handling any dispute that arises.
