Supply Shortage and Legal Concerns Plague the Market
Northeast Ho Chi Minh City is rapidly emerging as a prime investment hub, fueled by the accelerated development of key infrastructure projects such as the Metro Suoi Tien – Thu Dau Mot line, Ring Road 3, the My Phuoc – Tan Van Expressway, and major national highways.
While infrastructure is booming, the housing supply in this area falls short of the escalating demand. A wave of residents, particularly young families and professionals, are relocating, creating an urgent need for housing. However, the market lacks projects that can swiftly provide suitable homes with clear legal status, synchronized infrastructure, and immediate occupancy.

Accelerating infrastructure in Northeast HCMC heats up the real estate market daily
Following its merger, HCMC now boasts a population of 14 million, retaining its position as the most populous city in Vietnam. Tan Dong Hiep Ward ranks among the top three in population density, with 120,000 residents. Yet, according to Savills Vietnam’s July report, HCMC’s real estate market in Q2/2025 faces a severe supply shortage. The city aims to develop approximately 235,000 new homes between 2021-2025 but has only achieved 24% of this target, leaving a significant gap of 179,000 units. Therefore, investing in infrastructure in the Northeast is an urgent and essential solution to urban development.
“My family moved to Binh Duong (formerly) earlier this year, and we plan to buy an installment apartment to settle down. However, many projects are stalled, and pink books are not issued. With limited finances, I hope to find a project that assures legal clarity and good liquidity for future resale,” shared Ms. T. Xuan from Ninh Binh.
In this context, the Fenica project by Phoenix Project Investment Company Limited, featuring 579 apartments on Tran Quang Dieu Street, Tan Dong Hiep Ward, stands out as a beacon of hope. It not only alleviates the housing supply shortage but also offers sustainable living and attractive investment opportunities in one of Northeast HCMC’s most dynamic development centers. What drives its appeal?
Guaranteed Legal Clarity and Transparency
Developed by the alliance of Dalat Realco (DLR) and Phoenix Project Investment Company Limited, Fenica offers a rare advantage: a robust developer with a clear commitment to timelines, ensuring buyer confidence. Notably, amidst projects facing legal hurdles, Fenica stands out with its fully compliant legal framework, guaranteeing long-term ownership rights. Each apartment is not just a home but a secure, appreciating asset.
Mr. Luu Quang Tien, Head of R&D at NK Properties, remarked, “In any market phase, apartments with transparent legal status are highly sought after, as they ensure liquidity and real value.”

Fenica’s transparent legal status and convenient transport promise to attract buyers
Existing Infrastructure and Community: Guaranteeing Living Value and Investment Potential
While legal clarity builds trust, existing infrastructure and community environment ensure sustainable value growth. Strategically located at the gateway to Northeast HCMC, Fenica benefits from well-developed transport networks, including the My Phuoc – Tan Van Expressway, National Highway 1K, and the upcoming Ring Road 3 by 2025. Future metro lines, such as the 29.01 km Suoi Tien – Thu Dau Mot Metro and the 21.87 km Metro Line 2 from Thu Dau Mot to HCMC, further enhance its strategic importance. Residents can reach major economic, commercial, and industrial hubs within minutes to an hour.
Additionally, the surrounding area is a fully developed urban center with essential amenities like schools, hospitals, shopping malls, and traditional markets, catering to residents’ daily needs. Unlike projects reliant on future infrastructure, Fenica is nestled within a thriving community, allowing buyers to move in immediately upon purchase.
The combination of modern infrastructure and an established community creates dual value: for homeowners, it ensures a convenient lifestyle; for investors, it offers lucrative rental or resale opportunities due to high real demand and limited market supply.

The surrounding area is a fully developed urban center, allowing Fenica buyers to move in immediately upon purchase
Fenica offers 579 units, predominantly compact one- to two-bedroom apartments, accounting for over 85% of the total. This segment is currently in high demand, catering to young families’ financial capabilities and meeting both real housing needs and rental potential.
With its optimal scale and impact, Fenica is poised to significantly ease the housing shortage in the region and become a magnet for buyers seeking apartments with clear legal status, synchronized infrastructure, and an established living environment.
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