Triton Crown Phú Mỹ Hưng will be handed over in Q4/2028, i.e. around October (10) to December (12) 2028, under the 3 key milestones officially announced by Phú Mỹ Hưng: commencement in Q4/2025, launch for sale in Q4/2026 and handover of completed apartments in Q4/2028. In particular, the official groundbreaking ceremony took place on 20/05/2026, confirming the project is progressing on schedule with main contractor Vicons and independent supervision consultant Kiểm định Xây dựng Sài Gòn 2 accompanying it from start to finish. More importantly, as of 5/2026, Triton Crown is under construction of the piling, foundation and basement phase, closely following the announced schedule.
The construction progress schedule for Triton Crown comprises 5 stages in chronological order from Q4/2025 to Q4/2028: foundation piling and diaphragm wall construction, the official groundbreaking ceremony, completion of the foundations in September 2026, completion of the underground structure in February 2027, construction of the 18-storey superstructure and handover. In addition, the completed handover specification featuring imported European materials, including sanitary fittings, kitchen equipment and a central air-conditioning system, distinguishes Triton Crown from most high-end apartment projects on the market.
Phú Mỹ Hưng has a 33-year history of handing over more than 110 projects on time, with no cases falling behind the committed schedule. This provides the most reliable basis for buyers to assess the feasibility of the Q4/2028 handover milestone at Triton Crown. Furthermore, Q4/2028 coincides with the period when the Phú Mỹ Hưng Art Center is scheduled to begin operations and the renovation of Crescent Lake is completed, creating a natural context for property price growth as buyers receive their homes.
The following article analyses the complete progress schedule for each stage, the handover specification and what buyers need to prepare before the Triton Crown apartment handover date.
When will Triton Crown Phú Mỹ Hưng be handed over?
Triton Crown Phú Mỹ Hưng will be handed over in Q4/2028 under the official schedule from the Phú Mỹ Hưng developer, i.e. around October (10) to 12/2028, after about 3 years of construction since the start of the piling phase in Q4/2025.
More specifically, the Q4/2028 handover date is based on the project’s actual scale, comprising 2 towers with 18 above-ground floors and 2 basement levels, and a total gross floor area of approximately 64,897 m² on a 1.21 ha site. This is a scale that can be completed within 3 years according to Phú Mỹ Hưng’s construction standards. Let’s explore the details of each milestone in the three-stage timeline and the current actual construction status.
How should the three key milestones in the Triton Crown Phú Mỹ Hưng timeline be understood?
The three key milestones in the Triton Crown timeline form a linear sequence comprising construction commencement in Q4/2025, sales launch in Q4/2026 and handover in Q4/2028, with each milestone marking a separate legal and commercial stage of the project.
Specifically, these three milestones have completely different meanings and roles in the project’s lifecycle.
Milestone 1: Construction commencement in Q4/2025. This is the stage when Phú Mỹ Hưng began on-site construction, starting by appointing Bachy Soletanche Vietnam, a leading specialist in foundations, to carry out all piling and diaphragm wall works. The official groundbreaking ceremony subsequently took place on 20/05/2026, marking the handover of the site to the main contractor Vicons to begin construction of the building structure.
Milestone 2: Sales launch in Q4/2026 (expected in October 2026). This is when customers sign official sale and purchase agreements directly with Phú Mỹ Hưng, with the 20% payment policy applying until handover. Partner banks provide loans covering 70 to 80% of the apartment value at 0% interest during the construction period, with a 24-month principal repayment grace period.
Milestone 3: Handover in Q4/2028. This is the most important milestone for buyers, marking the time when the developer hands over completed apartments fitted with imported European materials and begins the process of issuing long-term ownership certificates for each apartment in accordance with Article 13 of the 2014 Law on Real Estate Business.
As of May 2026, what stage has Triton Crown’s actual construction progress reached?
As of May 2026, Triton Crown is at stage 2 of the 5-stage timeline, having just completed all piling and diaphragm wall works while officially commencing construction of the building structure, fully keeping to the committed schedule.
Specifically, according to official information from Phú Mỹ Hưng, the actual construction status for each work item is as follows:
The piling and diaphragm wall stage was completed by Bachy Soletanche Vietnam before 20/05/2026. This is the most important foundation work for the 18-storey building, requiring a specialist contractor with international experience, and Phú Mỹ Hưng completed it according to plan, with no delays recorded.
In addition, Viễn Đông Construction and Technical Services Company Limited (Vicons) officially took over the site at the groundbreaking ceremony on 20/05/2026 to begin construction of the building structure. At the same time, Saigon Construction Inspection Joint Stock Company 2 undertook the role of independent supervision consultant, confirming the construction quality of each work item in accordance with the approved design documents and construction permit.
More importantly, the next two milestones in 2026 and early 2027 are completion of the foundations in September 2026 and completion of the basement structure in February 2027; both remain on the published schedule, with no signs of delay recorded on the part of either the developer or the contractor.
What stages does Triton Crown’s construction timeline from commencement to handover comprise, and when will they take place?
Triton Crown’s construction timeline comprises 5 main stages in chronological order from Q4/2025 to Q4/2028, with each stage assigned a specialist contractor, specific acceptance criteria and independent supervision by a third-party organisation.
Below is a summary table of all 5 stages in Triton Crown’s construction timeline in chronological order, including the implementation period, responsible organisation and completion milestone for each stage, helping buyers monitor progress systematically:
| Phase | Journey time | Item | Implementing organisation |
| 1 | Q4/2025 to Q1/2026 | Piling and diaphragm walls | Bachy Soletanche Vietnam |
| 2 | 20/05/2026 | Official groundbreaking ceremony | Phú Mỹ Hưng + Vicons |
| 3 | By 9/2026 | Foundation completed | Vicons + supervision by Saigon 2 Construction Inspection JSC |
| 4 | By 2/2027 | Substructure completed (2 basement levels) | Vicons + supervision by Saigon 2 Construction Inspection JSC |
| 5 | 2/2027 to Q4/2028 | Construction of the 18-storey superstructure, completion and handover | Vicons + supervision by Saigon 2 Construction Inspection JSC |
Let us explore the details of each group of phases so that buyers can clearly understand what is happening at the construction site and when the next milestone will be reached.
How will Phases 1 to 3 of Triton Crown take place from Q4/2025 to the end of 2026?
Phases 1 to 3 of Triton Crown comprise 3 important stages from Q4/2025 to September 2026, including the construction of foundation piles and diaphragm walls, the official groundbreaking ceremony and completion of the entire foundation in accordance with the design.
Specifically, the phases will take place as follows:
Phase 1 (Q4/2025 to Q1/2026): Construction of foundation piles and diaphragm walls. Phú Mỹ Hưng selected Bachy Soletanche Vietnam, a company with an extensive portfolio of international projects in Vietnam and Southeast Asia, to undertake the most technically important foundation works. The 18-storey development on the 1.21 ha site in the Crescent Lake area requires deep foundation piles and robust diaphragm walls to ensure the long-term stability of the entire structure. All these works were completed before 20/05/2026 in accordance with the planned schedule.
Phase 2 (20/05/2026): Official groundbreaking ceremony. On the morning of 20/05/2026, Phu My Hung Development Corporation officially held the groundbreaking ceremony for the CR9 Lot Residential Area project, with the trade name Triton Crown. This event marked the transition from the foundation stage to construction of the superstructure, while also serving as important legal confirmation that all construction conditions had been fully met.
Phase 3 (by September 2026): Foundation completed. Following the groundbreaking ceremony, the main contractor Vicons continued construction of the foundation in accordance with the technical design approved by the Ho Chi Minh City Department of Construction. Saigon 2 Construction Inspection JSC carried out independent supervision at the construction site, ensuring that all works were built in accordance with the design drawings and met technical standards before moving on to the next phase. The entire foundation is expected to be completed in September 2026 according to schedule.
How will Phases 4 and 5 of Triton Crown take place from early 2027 to Q4/2028?
Phases 4 and 5 are Triton Crown’s largest and most complex construction phases, lasting from February 2027 to Q4/2028 and comprising completion of the 2 technical basement levels, construction of the entire 18-storey above-ground superstructure and completion of the high-end interiors before handover.
Specifically, the final two phases will proceed in the following order.
Phase 4 (by February 2027): Completion of the substructure, comprising 2 basement levels. Triton Crown’s substructure comprises 2 car park basement levels equipped with automatic number plate recognition, an intelligent zoned lift system, and ventilation and fire-fighting systems meeting international standards. This work requires thorough construction and inspection because it directly affects the structural safety of all 18 above-ground storeys. Completion is expected in February 2027, after which the development will enter its most important phase.
Phase 5 (February 2027 to Q4/2028): Construction of the 18-storey structure and completion. This phase accounts for most of the time in the entire schedule, including pouring concrete floor by floor at a rate of around 4 to 5 storeys per month, installing electrical, water and central air-conditioning systems and UV-blocking Low-E glass, finishing interiors with materials imported from Europe and inspecting each item by an independent supervision unit.
Moreover, before official handover in Q4/2028, the entire project must go through a 3-step acceptance process: internal acceptance by Vicons, acceptance by Saigon Construction Inspection 2 and acceptance by the competent state authority. Only after receiving written permission to put the works into use from the state authority will the developer hand over apartments to each customer in turn.
What items are included in the Triton Crown apartment handover standard, and what do buyers need to prepare before handover day?
The Triton Crown handover standard comprises 2 groups of items, namely the finished apartment with premium imported materials and integrated technical systems, together with the legal procedure process that buyers need to complete before and on handover day.
Below is a detailed analysis of the actual handover standard and the preparation checklist that each buyer needs to know before coming to receive their Triton Crown apartment in Q4/2028.
What finishing items are included in a Triton Crown apartment at handover?
Triton Crown apartments are handed over fully finished with 4 groups of material and equipment items, including the building envelope, sanitary fittings, smart technical systems and premium glass doors, all using materials imported directly from Europe.
Specifically, each group of handover items is described as follows.
Group 1: Surface finishes. Floors are laid with natural stone or premium engineered wood according to each apartment’s design. Walls and ceilings are finished with premium water-based paint or cladding materials according to the interior design option. The main apartment door is a fire door meeting international standards; interior doors use imported moisture-resistant engineered wood.
Group 2: Sanitary fittings. All bathroom fittings, including toilets, washbasins, shower mixers and bathtubs, are from international brands with official distributors in Vietnam.
Group 3: Smart technical systems. A premium VRV/VRF central air-conditioning system is installed throughout the apartment, with no outdoor unit needed on the balcony. The smart electrical system integrates lighting and temperature control. Security cameras in the lifts and corridors are connected to an AI system controlling the whole building 24/7.
Group 4: Glass doors and external enclosure. Premium Low-E glass that blocks UV rays and provides sound and thermal insulation is used on all outward-facing glass wall surfaces. This glass both ensures a modern aesthetic and keeps the apartment cool year-round without increasing air-conditioning capacity, saving significantly on operating costs after handover.
What procedures do buyers need to complete before receiving Triton Crown handover in Q4/2028?
Buyers need to complete 3 groups of procedures before and on the day of receiving handover of their Triton Crown apartment in Q4/2028: completing financial obligations, inspecting and signing acceptance of the apartment, and preparing personal documents for the pink book.
Specifically, each group of procedures includes the following steps.
Group 1: Completing financial obligations. According to Triton Crown’s payment schedule, buyers need to prepare 45% of the apartment value at the time of handover. Together with the 20% paid when signing the sale and purchase contract, the total amount of the buyer’s own funds to be paid by handover day is 65% of the total apartment value. The remainder includes a bank loan of 70 to 80% already disbursed according to progress, and the final 5% will be paid upon receipt of the pink book.
Group 2: Inspecting and signing the apartment acceptance minutes. Before receiving the keys, buyers have the right and responsibility to inspect the entire apartment together with the developer’s representative. The inspection process includes confirming the actual area against the contract, checking the condition of finishing materials, testing all electrical equipment and the air-conditioning system, and checking the water and electrical systems. If any shortfalls arise, buyers record them in the minutes for the developer to remedy before official handover.
Group 3: Preparing personal documents for the pink book procedure. Under Article 13 of the 2014 Law on Real Estate Business, the developer must carry out procedures to issue the pink book to buyers within 50 days from the date of handover. Buyers need to prepare a notarised people’s identity card or citizen identity card, household registration book or temporary residence certificate, a copy of the sale and purchase contract and documents showing full completion of financial obligations, in order to coordinate with Phú Mỹ Hưng in submitting the application for issuance of the pink book to the Ho Chi Minh City Department of Natural Resources and Environment.
Does Phú Mỹ Hưng really hand over on time as committed, and which projects have been handed over on schedule?
Yes, Phú Mỹ Hưng does deliver on time across every project it has implemented, thanks to three foundational factors: a construction model with specialist contractors, an independent site monitoring system and a 33-year record with no cases of delay against commitments signed in sale and purchase agreements.
In addition, Phú Mỹ Hưng’s list of projects delivered on time is the strongest practical evidence, with no further argument needed. Let us explore the delivery history in detail and the particular strategic significance of the Q4/2028 milestone for Triton Crown buyers.
What do Phú Mỹ Hưng projects delivered before Triton Crown prove about its commitment to timelines?
A whole series of projects such as Midtown M5, M6, M7, M8, The Horizon, The Antonia, The Ascentia, The Regency and The Sculptura were all delivered by Phú Mỹ Hưng on or ahead of the schedule committed in sale and purchase agreements with buyers, with no dispute over late delivery arising throughout 33 years of operation. The model of using an independent supervision consultancy at each site is the key factor that helps Phú Mỹ Hưng identify and address construction issues early, preventing the risk of delay before they become serious incidents. This is a rare model among Vietnamese developers and is the direct reason why Phú Mỹ Hưng has maintained a 100% on-time delivery rate across its entire portfolio of completed projects.
Why does Triton Crown’s Q4/2028 handover milestone have particular strategic significance for buyers and investors?
Triton Crown’s Q4/2028 handover milestone coincides with the most strategic moment in the development history of the Hồ Bán Nguyệt area in Phú Mỹ Hưng. Art Center Phú Mỹ Hưng, with investment capital of USD 30 million, is expected to be completed in 2027 and fully operational before Triton Crown residents move in. The landscaping upgrade of Hồ Bán Nguyệt, with a budget of tens of millions of USD, including the Ánh Trăng pedestrian bridge, fountains and an outdoor events area, is expected to be completed before 2028. In addition, this timing also marks the end of the 24-month principal repayment grace period, releasing buyers who use financial leverage to move into leasing to foreign experts or resale to optimise investment returns, in the context of South Saigon gradually becoming Ho Chi Minh City’s second CBD towards the end of this decade.
If you are interested in Phú Mỹ Hưng projects, please contact Phú Mỹ Hưng Center for accurate advice and the latest updates. Experienced consultant Kim Thùy is always ready to help you choose a project suited to your residential or investment needs, while providing comprehensive information on price lists, floor plans, sales policies and legal documentation.
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