There are exactly 5 Phú Mỹ Hưng apartment projects with a Hồ Bán Nguyệt view that stand out today, namely The Horizon, The Sculptura, The Regency, Triton Crown and Casa Luna, divided into three clear status groups: already handed over, already launched and awaiting handover, and due to launch in 2026. In particular, Hồ Bán Nguyệt is the artificial lake at the centre of PMH District 7, with a fixed water surface area and a surrounding land supply that is running out, turning every lakeside plot into a scarce asset that grows more valuable by the day. More importantly, this is the area with the densest concentration of the ultra-luxury and luxury segments in the entire Phú Mỹ Hưng ecosystem, where projects sell out time and again on launch day.
The question of buying now or waiting for a new project has no single answer for every buyer; it depends on specific goals. However, broadly speaking: buying The Horizon on the secondary market wins on being able to move in immediately and on having no construction-progress risk, while waiting for Triton Crown or Casa Luna is better if you prioritise the latest design standards and a primary price not yet pushed up by secondary-market premiums. In addition, The Regency sold out in November 2025, meaning anyone wanting to own in that project can now only go through the secondary market at a considerable premium.
On investment potential, lake-view apartments command a price premium of 20 to 35% over non-lake-view apartments in the same PMH area, thanks to a combination of 3 factors: a fixed waterfront location that cannot be extended, the densest concentration of premium commercial and leisure amenities in the township, and a high-density international resident community that creates sustained rental demand. Moreover, once the land around the lake has essentially been fully allocated after Triton Crown and Casa Luna fill the remaining plots, the effect of absolute scarcity will push secondary prices across this whole group to a new level in the medium term.
Below is a detailed analysis of each project, a comparison table based on specific criteria and guidance on making a decision suited to each group of buyers.
Which of the Top 5 Phú Mỹ Hưng Apartment Projects Have a Hồ Bán Nguyệt View Today?
There are 5 Phú Mỹ Hưng apartment projects with Crescent Lake views meeting the criteria of being located directly on the lake or having a direct outlook over it: The Horizon, The Sculptura, The Regency, Triton Crown and Casa Luna, with handover status ranging from completed to launching in late 2026.
To understand why only these 5 projects qualify as having verified Crescent Lake views, it is necessary to grasp the planning context: Crescent Lake is the central man-made lake of Phú Mỹ Hưng District 7, with a fixed water surface area, surrounded by land lots coded CR (Crescent) in the overall PMH master plan. The total number of CR lots around the lake is limited and most have already been allocated to projects. Specifically, once Triton Crown (lot CR9) and Casa Luna are developed, almost the entire land bank directly facing the lake will be filled, leaving no opportunity to develop new projects adjacent to the lake in the near future.
The table below provides a quick summary of the core details of the 5 projects, giving readers an overview before moving on to a detailed analysis of each project:
| Project | Land parcel | Number of homes | Area | Price | Condition |
| The Horizon | Directly on Crescent Lake | 166 units | Various | High secondary | Handed over in Q1/2024 |
| The Sculptura | Cảnh Đồi precinct, adjacent to the lake | 75 apartments | High-end | Premium secondary | Sold out in 11/2025 |
| The Regency | Lot CR5-1B, adjacent to the lake and Ánh Sao Bridge | 114 units | From 100m² | Primary sold out | Sold out in 11/2025 |
| Triton Crown | Lot CR9, 4 frontages along the lake | Limited | High-end | Primary | Launch in 11/2026 |
| Casa Luna | PMH centre, near the lake | 49 sky villas | 330-520m² | Ultra-luxury | Launching Q4/2026 |
The table above compares five PMH apartment projects with Crescent Lake views by location, scale, price level and sales status so that buyers can cross-check quickly before looking into each project in detail.
What Is The Horizon Phú Mỹ Hưng and What Is Its Lake-View Location Like?
The Horizon is the only luxury apartment project built directly beside Crescent Lake in Phú Mỹ Hưng, District 7, comprising 166 apartments in a limited collection, handed over in Q1/2024, and meeting 5-star international amenity standards with a saltwater pool and an exclusive, self-contained premium residential community.
More specifically, The Horizon’s “directly beside Crescent Lake” location is an advantage that cannot be replicated anywhere in the entire PMH ecosystem: the building was constructed right at the water’s edge, with no plot of land between the building and the water. This means the view from The Horizon’s balconies out to Crescent Lake is completely unobstructed, with no existing or future structure blocking it. In particular, with 166 apartments across the whole project, the low residential density creates a rare sense of privacy and quiet right in the middle of District 7’s most vibrant urban centre.
On the secondary market, The Horizon is the only one of the five projects where buyers can move in immediately after signing a contract, without waiting for handover. Resale supply from original residents is relatively limited because most bought for long-term occupation, creating high liquidity with secondary prices that fully reflect the project’s unrivalled standing.
What Makes The Sculptura Phú Mỹ Hưng Lake View Special?
The Sculptura is a one-of-a-kind luxury apartment project in the Cảnh Đồi precinct of Phú Mỹ Hưng, with just 75 apartments inspired by sculptural art, which sold out entirely in November 2025 on launch day, and is the first project in the PMH 2.0 wave in the Crescent Lake area.
In addition, what makes The Sculptura special is not only its extremely limited 75 apartments but also its unique design philosophy: each apartment is conceived as a sculptural work of art, with asymmetric architectural forms, premium European interiors and a balcony-to-floor-area ratio considerably larger than the usual standard. Furthermore, the project’s low building density ensures that views from lake-facing apartments are protected from being blocked by future structures within the Cảnh Đồi precinct.
As for the secondary market after the sell-out, The Sculptura is trading at a considerable premium over its original primary price, reflecting genuine demand from the group of buyers who were unable to purchase on launch day. This is a clear signal of the appeal of the limited-quantity lake-view apartment segment at PMH.
What Standout Features Does The Regency Phú Mỹ Hưng Lake View Have?
The Regency is a limited luxury apartment project of 114 apartments, located on plot CR5-1B beside Crescent Lake and the Starlight Bridge. It is PMH’s first project with 100% large apartments from 100m², designed according to the Waterfront Living philosophy by Handel Architects (USA), with handover expected in December 2027.
Specifically, the decision to design 100% large apartments (with no small units under 100m² anywhere in the project) is The Regency’s breakthrough in the history of PMH project development. This clearly confirms its target buyer profile: a purely elite community seeking privacy, generous space and a superior quality of living, rather than buyers purchasing for investment or short-term letting. In particular, Handel Architects is the American design firm partnering with PMH for the first time, bringing a pure Waterfront Living philosophy from riverside projects in New York and Boston to the Crescent Lake area, producing a property that is distinct in architectural language from every previous project at PMH.
The fact that it sold out 100% on launch day in November 2025 has confirmed the genuine scarcity of this property. Those who wish to own at The Regency now have only the secondary market, at prices that fully reflect the premium of a sold-out project.
What Are Triton Crown Phú Mỹ Hưng’s Location and Lake Views Like?
Triton Crown is an upcoming high-end apartment project located on plot CR9 on Trần Văn Trà Street in the Crescent Lake area, uniquely featuring four frontages (Trần Văn Trà, Nguyễn Khắc Viện, Phạm Thiều, Luther King), promising to become a new icon beside the lake in the PMH 2.0 strategy, with sales expected to open in November 2026.
More specifically, Triton Crown’s four-frontage advantage is the most important technical plus regarding lake views among the five projects: when a building is not squeezed between two plots but stands independently with four open sides, the proportion of apartments with a direct view of the lake is considerably higher than in projects sited on single-frontage plots. Furthermore, the CR9 plot is the last remaining plot of sufficient scale to develop a high-rise apartment project in the Crescent area, meaning Triton Crown is the last opportunity to buy a new project at primary stage in a lakeside location after Casa Luna fills the remaining plot.
In terms of its positioning within the PMH 2.0 strategy, Triton Crown is defined as a “new architectural icon beside the lake”, continuing the aesthetic of The Sculptura and The Regency series but on a larger scale and with a broader four-frontage outlook.
What Is the Casa Luna Phú Mỹ Hưng Project and What Is Its Lake View Like?
Casa Luna is an extremely limited luxury sky villa project with only 49 units, each from 330 to 520m², located in the centre of Phú Mỹ Hưng, District 7, expected to launch in Q4 2026, and positioned as the ultra-luxury property with the highest scarcity among all 5 projects overlooking Crescent Lake.
Specifically, Casa Luna is a “villa in the sky” format appearing for the first time in the PMH property portfolio, with a minimum size of 330m² per unit, 3 to 5 times larger than conventional apartments in the same area. With 49 units across the entire project, it has the lowest total unit count of all 5 lake-view projects, creating an unprecedented level of absolute scarcity in PMH. In particular, from sky villa height, the view over Crescent Lake and the whole Phú Mỹ Hưng urban area opens up a full 360 degrees, rising above all surrounding low-rise buildings and ensuring a permanently unobstructed outlook regardless of future planning.
Casa Luna is suitable solely for buyers seeking a long-term store-of-value asset and a private wellness lifestyle, not for those buying to let or to optimise short-term cash flow.
Should You Buy a Crescent Lake-View Apartment Now or Wait for a Newer Project?
Buying on the secondary market now wins on availability and freedom from schedule risk, waiting for Triton Crown/Casa Luna offers staged payments and new design standards, while The Regency is no longer an available option as it is sold out and can only be accessed via the secondary/resale market.
More specifically, this question has no one-size-fits-all answer but depends on the 5 criteria buyers need to prioritise. The table below directly compares the two scenarios of buying now and waiting for new projects against the most important criteria:
| Criteria | Buy now (secondary) | Wait for a new project (primary) |
| Move-in timing | Immediately after signing the contract | Wait 18-24 months for handover |
| Schedule risk | None | Subject to construction progress |
| Entry price | Higher (with secondary market premium) | Lower (developer’s primary price) |
| Design standards | As at the time of construction | Latest 2026-2027 |
| Supply | Dependent on resale sellers | According to the developer launch schedule |
| Premium risk | Pay an additional 15-30% over the original price | May command a premium after launch |
The table above directly compares the two scenarios of buying immediately on the secondary market and waiting for a new primary launch across 6 decisive criteria, helping buyers identify which scenario suits their personal objectives.
What Advantages Does Buying a Resale Lake-View Apartment in PMH Offer Compared with Buying a New Primary Project?
Buying on the secondary market wins clearly on 3 core advantages: immediate occupation with no wait for handover, seeing the actual apartment and lake view before signing the contract, and no exposure to construction progress risks or design changes versus the drawings. Conversely, buying a new primary project is better for a lower initial entry price, the latest material specifications and construction technology, and the ability to select a preferred unit early before the project sells out.
Specifically, for buyers seeking immediate occupation with a flexible budget able to cover the secondary premium, The Horizon is the most optimal choice in this group: the only handed-over project in a location directly beside the lake, where residents can inspect the actual lake view from each floor before deciding. However, for investors seeking a primary purchase to optimise price uplift and benefit from the developer launch discounts, Triton Crown (launching 11/2026) is the final opportunity to buy primary in a location directly on the lakeside in the Crescent area.
How Much Land Remains Around Crescent Lake and How Does It Affect the Buying Decision?
Yes, the remaining land bank around Crescent Lake directly affects the buying decision for at least 3 reasons: lakeside plots are being exhausted rapidly, once Triton Crown and Casa Luna fill the final plots there will be no further opportunity to buy primary in a new lakeside project, and secondary liquidity across this entire group of projects will rise sharply under a mechanism of absolute scarcity.
More specifically, the Crescent area plan around Crescent Lake has a finite number of CR plots defined from the overall Phú Mỹ Hưng masterplan. According to project development data, once The Horizon, The Sculptura, The Regency, Triton Crown and Casa Luna are completed, almost the entire land bank directly fronting and adjoining the lake will be filled. More importantly, this is the structural reason why buyers considering timing should not delay too long: unlike other property areas where the land bank can be expanded further, Crescent Lake in Phú Mỹ Hưng is an absolutely finite supply with the number of future projects close to zero.
How Much Higher Are PMH Crescent Lake-View Apartments Priced Than Non-Lake-View Units?
PMH Crescent Lake-view apartments win clearly on long-term price growth, non-lake-view units are better for an initial entry price 20-35% lower, while lake-view units are optimal for rental yield and secondary liquidity according to actual transaction data in the Crescent area of Phú Mỹ Hưng.
Specifically, the 20-35% premium is not a fixed figure but varies by project, floor and viewing angle. The mechanism creating this premium comes from a combination of 3 factors: a fixed waterscape that cannot be expanded, the most premium central location for commercial and entertainment amenities in Phú Mỹ Hưng, and a high-density international resident community around the lake generating sustained rental demand from expats. Furthermore, the pricing model for man-made lakeside assets in Asian cities shows an asymmetric growth trend: as the land bank is exhausted, lakeside asset prices rise far faster than non-waterfront assets in the same area.
How Does The Regency’s “Waterfront Living” Philosophy Affect the Value of PMH Lake-View Apartments?
The Waterfront Living philosophy of Handel Architects at The Regency affects the value of PMH lake-view apartments by raising the design standard of the entire segment to a new level, reshaping buyer expectations of lakeside properties and indirectly pushing up secondary prices of surrounding lake projects. Waterfront Living is not merely an open design facing the water but a comprehensive integration philosophy: apartment layouts prioritising views from every functional room, materials reflecting natural light from the lake surface, and transitional spaces between interiors and the surrounding landscape. At The Regency, 100% of large units from 100m² are a direct product of this philosophy: only a large area provides sufficient space to deliver a true water-oriented open design.
Does the Permanent Scarcity Effect of Crescent Lake Guarantee Long-Term Price Growth?
Yes, the permanent scarcity effect of Crescent Lake underpins long-term price growth for lakeside apartments, provided buyers hold the asset long enough for the land-bank depletion effect to take hold. Crescent Lake is an enclosed artificial lake with a fixed water surface area, which cannot be expanded by any future planning decision, and the plots directly fronting the lake were essentially fully allocated once Triton Crown and Casa Luna were launched. This mechanism creates an absolutely finite supply while demand for lakeside property in a major city tends to rise with average incomes and growth of the upper affluent middle class. However, buyers need to distinguish clearly: the scarcity effect protects long-term value but does not rule out short-term fluctuations in line with the general property market cycle.
