Phu Nhuan Building: A Prime Asset in the Heart of Phu Nhuan District
Phu Nhuan Building is a premium apartment and office project strategically located on Hoang Minh Giam Street, Ward 9, Phu Nhuan District, Ho Chi Minh City. Developed by Phung Hoang Garment Company (now PHUNG HOANG INVESTMENT TRADING COMPANY LIMITED), the project not only offers a comfortable living space but also serves as an ideal location for office leasing, contributing to the improvement of living and working standards in this vibrant area.
Since its handover in April 2008, Phu Nhuan Building has established itself as one of the top choices for those seeking convenience and seamless connectivity in Ho Chi Minh City. The project attracts both residents and investors thanks to its prime location, well-planned scale, and abundant surrounding amenities.
This article provides an in-depth analysis of the project overview, location, scale, and investment potential of Phu Nhuan Building, offering detailed insights for those interested in the local real estate market.
Project Overview of Phu Nhuan Building
Phu Nhuan Building is constructed on a land area of 3,500 m². Although not large in terms of land scale, the project is optimally designed with a combination of commercial space and high-end apartments, meeting diverse market demands.
The developer is Phung Hoang Garment Company (PHUNG HOANG INVESTMENT TRADING COMPANY LIMITED), a reputable entity with significant contributions to the real estate sector. The developer’s credibility ensures construction quality and timely delivery, building strong trust among customers.
The project includes a basement, ground floor, and mezzanine dedicated to office leasing, creating a professional and dynamic working environment. From the 1st to the 12th floors are high-end apartments. Phu Nhuan Building stands as a testament to sustainable development and quality in the apartment segment of Phu Nhuan District.
Basic Project Information:
- Project Name: Phu Nhuan Building
- Address: 20 Hoang Minh Giam Street, Ward 9, Phu Nhuan District, Ho Chi Minh City
- City/Province: Ho Chi Minh City
- Latitude: 10.80844116
- Longitude: 106.6730042
- Total Land Area: 3,500 m²
- Number of Floors: 12 residential floors + ground & mezzanine office floors + 1 basement
- Handover Year: April 2008
- Current Price Range: 56.22 – 68.91 million VND/m² (Reference range: 56.5 – 68.6 million VND/m² depending on unit and timing)
Strategic Location and Connectivity
Location is the key factor that defines the value of Phu Nhuan Building. The project is situated right on Hoang Minh Giam Street, a major arterial road in Phu Nhuan District, bordering Tan Binh and Go Vap Districts. This prime position allows residents and businesses to easily connect with key areas across the city.
The project is located on a wide 30-meter asphalt road, ensuring smooth traffic flow. Additionally, it is surrounded by a high density of amenities and close to large green spaces, providing a fresh and convenient living environment.
Connectivity Advantages:
- Green Area: Adjacent to Gia Dinh Park – one of the largest and most beautiful parks in the city, offering greenery and ideal spaces for relaxation and exercise.
- Tan Son Nhat International Airport: Only about a 10-minute drive away, providing great convenience for frequent travelers and aviation-related businesses.
- City Center: Approximately 15 minutes by car to District 1, making it easy to access commercial, administrative, and entertainment hubs.
- Nearby Amenities: Within a 1 km radius, residents can access:
- Tennis courts and Phu Nhuan football field.
- Schools: Ho Van Hue Primary School, Phu Nhuan High School.
- Shopping centers/supermarkets: Coopmart, Maximark.
- Entertainment: Cinema TSN, Aviation Club, Military Zone 7 Club, QK7 Stadium.
- Healthcare: About 10 minutes to Military Hospital 175.
- Banking system: Nearby major banks such as ACB, Nam A Bank, Vietcombank, Eximbank.
This location not only ensures convenient daily living but also creates favorable conditions for businesses to thrive thanks to flexible connectivity and a dense network of amenities.
Scale and Apartment Design
Although known for its office leasing space (ground and mezzanine floors), the majority of the building from the 1st to the 12th floors is dedicated to high-end apartments. The project is designed to optimize living space while ensuring privacy and comfort for residents.
Number and Types of Apartments:
Phu Nhuan Building offers a total of 125 high-end apartments. This moderate number creates a well-managed, less crowded residential community.
- Total Units: 125 apartments
- Apartment Sizes: From 80 m² to 145 m² (or 80.5 m² – 145.5 m² depending on sources)
The spacious layouts, starting from 80 m², are ideal for families, especially those seeking larger living spaces in a central location. Common unit types include 2-bedroom and 3-bedroom apartments.
Design and Internal Amenities:
Phu Nhuan Building features a modern design focused on functionality. In addition to residential units, the project integrates several amenities for both residents and office tenants:
- Office Leasing: Ground and mezzanine floors provide approximately 2,000 m² of office space, with a spacious lobby suitable for client meetings.
- Basic Services: The ground floor includes cafés and small supermarkets, catering to daily needs.
- Professional Management: Managed by experienced property management units (e.g., MY HOUSE Property Management Services Joint Stock Company), ensuring security, cleanliness, and service quality.
With 12 residential floors and a basement, the building ensures sufficient parking space and modern technical systems, including high-speed elevators and standard fire protection systems.
Pricing and Investment Potential
The real estate market in Phu Nhuan District, especially along major roads like Hoang Minh Giam, maintains stable value and strong growth potential. Despite being completed in 2008, Phu Nhuan Building continues to attract interest due to its prime location.
Price Analysis:
Based on updated data, the selling price ranges from 56.22 to 68.91 million VND/m². This reflects the project’s quality, age, and especially its prime location near Gia Dinh Park and Tan Son Nhat Airport. Compared to newer developments nearby, this pricing remains competitive while offering strong liquidity and rental yield potential.
- 2-bedroom apartment (~115 m²): Around 7 – 7.5 billion VND (approx. 60 – 65 million VND/m²).
- 3-bedroom apartment (~125 m² – 134 m²): Around 7.5 – 8 billion VND (approx. 56 – 64 million VND/m²).
Price variations depend on size, floor level, view, and interior condition. Overall, the pricing falls into the upper mid-range segment, suitable for stable-income buyers seeking central real estate.
Investment Potential:
Phu Nhuan Building offers strong investment potential thanks to its location and mixed-use functionality.
- Rental Yield: Due to proximity to the airport and office hubs, apartments are easy to lease, especially to expatriates and mobile professionals. Office spaces also maintain stable rental rates (around 11 – 14 USD/m²).
- Sustainable Value Growth: Hoang Minh Giam Street remains one of the few areas with green space and excellent connectivity. As land becomes increasingly scarce in Phu Nhuan, property values are expected to rise steadily.
- Completed Infrastructure: As a completed project (since 2008), residents can move in immediately and benefit from fully developed infrastructure.
Conclusion
Phu Nhuan Building is a noteworthy project in the Ho Chi Minh City real estate market. With its prime location on Hoang Minh Giam Street, adjacent to Gia Dinh Park, along with 125 high-end apartments and office leasing spaces, the project provides a high-quality living and working environment.
Despite being an older development, Phu Nhuan Building maintains strong value, as reflected in its stable price range of 56.22 – 68.91 million VND/m². It is not only an ideal residence for those who appreciate convenience, greenery, and central access, but also a smart investment with strong rental income potential and long-term capital appreciation.
For more details about available units at Phu Nhuan Building, potential buyers should contact reputable real estate agencies for the most accurate and up-to-date information.
