River Park Tower Project (Social Housing in Phu Huu Ward, District 9): Affordable Living Opportunity in Eastern Ho Chi Minh City
River Park Tower, also known as the Social Housing Project in Phu Huu Ward, District 9, is a notable real estate development in the eastern area of Ho Chi Minh City. The project is invested in by Eximland Real Estate Joint Stock Company and developed by MIK Corporation. Combining social housing and commercial apartments, it aims to meet diverse housing needs, especially for low-income residents and public servants.
Located on Bung Ong Thoan Street, Phu Huu Ward, District 9 (now Thu Duc City), River Park Tower benefits from strong transportation connectivity and is surrounded by high-end townhouse and villa developments, forming a modern and well-planned residential community.
Project Overview
River Park Tower is developed on a total land area of 2.97 hectares with a construction density of 40%, ensuring a spacious living environment with ample green space. The project consists of three apartment towers, offering a total of 176 units. Construction is handled by Hoa Binh Corporation, one of Vietnam’s leading contractors.
Key Details:
- Project name: River Park Tower (Phu Huu Social Housing)
- Developer: MIK Corporation (invested by Eximland)
- Location: Bung Ong Thoan Street, Phu Huu Ward, District 9, Ho Chi Minh City
- Land area: 2.97 ha
- Construction area: 14,210 m²
- Construction density: 40%
- Number of towers: 3
- Total units: 176 apartments
- Legal status: Long-term ownership (commercial & social housing)
- Contractor: Hoa Binh Corporation
Strategic Location and Connectivity
River Park Tower is situated in a prime location on Bung Ong Thoan Street, intersecting with Ring Road 2 and Lien Phuong Street. It is positioned at the junction of Lien Phuong and Bung Ong Thoan, adjacent to the Park Riverside project by MIK.
From the project, residents can easily access major transport routes:
- Quick access to Ho Chi Minh City – Long Thanh – Dau Giay Expressway, connecting to Dong Nai, Vung Tau, and southeastern provinces.
- Ring Road 2 connecting District 7 to western provinces.
- Nguyen Duy Trinh Street leading to District 2 and District 1.
The surrounding area includes high-end developments such as Park Riverside, The Villa Park (by MIK), and Lucasta Villas (by Khang Dien), ensuring a high-quality living environment.
Amenities and Facilities
River Park Tower offers a full range of amenities within a 3km radius, ensuring a convenient lifestyle for residents.
Internal Amenities:
- Swimming pool
- Children’s playground
- Coffee shops
- Parking area
- Basketball court
- BBQ area
- Park and green spaces
- Jogging track
- Gym
- 24/7 security system
- Air conditioning system
- Emergency exits
- Fire protection system
External Amenities:
- 20 minutes to Long Thanh Airport and Ben Thanh Market
- 15 minutes to Phuc An Khang International Hospital, Metro, Big C
- 10 minutes to Vietnam National University HCMC and ACG International School
Apartment Design and Layout
The design focuses on maximizing natural light, ventilation, and green spaces. The building has 19 floors and 1 basement level.
- Floors 1–2: Duplex shophouses
- Floors 3–19: Residential apartments
- Each floor equipped with 2 elevator cores
Apartment types include:
- 1-bedroom: 51–55 m² (flexible to function as 2-bedroom)
- 2-bedroom: 51–73 m²
- 3-bedroom: 75–86 m²
Social housing units range from 50–78 m², with layouts from 1 bedroom to 3 bedrooms, all featuring balconies and drying areas. The 2-bedroom, 2-bathroom layout is considered one of the most efficient designs among social housing projects in Ho Chi Minh City.
Legal Status and Social Housing Policy
River Park Tower combines commercial apartments and social housing, with long-term ownership (Pink Book).
Social housing is designed for eligible groups such as low-income individuals and public servants, under government regulations. Buyers must meet specific conditions to qualify for these units.
Pricing and Payment
- Commercial units: Approximately 28 – 31 million VND/m²
- Social housing: Approximately 23 – 25 million VND/m² (e.g., ~1.2 billion VND for a 51 m² unit)
Flexible payment schedules and bank loan support are available, especially for social housing buyers.
Construction Progress
Construction began on December 24, 2016, but was temporarily halted. The project resumed in late 2019 and was expected to be completed and handed over in January 2022.
Conclusion
River Park Tower is more than just a residential project—it is a key housing solution in District 9 (now Thu Duc City). With its strategic location, modern design, comprehensive amenities, and inclusion of social housing, the project offers a valuable opportunity for affordable living and contributes to the urban development of Ho Chi Minh City.
