Amidst the current housing challenges, Phuoc Dong New City emerges as an affordable housing solution for the working class. For the price of a car, buyers can own a townhouse with a clear legal title, offering transparency and peace of mind.
Affordable Living in a “Green City” – A Smart Choice for Young Families
According to data from Numbeo, SHS reports that Vietnam’s house price-to-income ratio is among the most daunting globally. By mid-2025, this ratio reached 27.3, meaning the average home price is 27 times higher than the average household income.
Following the financial rule of allocating no more than one-third of income to housing, Vietnamese households would need to save for 80 years to afford a typical home.
“A lifetime of hard work, from youth to old age, may not guarantee homeownership,” notes an analyst.
Young families face significant hurdles in achieving homeownership (Illustrative image: Freepik).
This reality narrows homeownership opportunities for salaried workers. Over the past decade, wages have risen minimally, while housing prices have skyrocketed. If this trend continues, those who don’t buy now may never afford a home in the future.
Affordable, well-built projects with clear legal titles are the only viable options for young families and middle-income households. However, such projects are rare, leaving many buyers regretting missed opportunities.
SHS highlights a shortage of affordable housing in Ho Chi Minh City, driving demand to satellite provinces like Tay Ninh, where prices remain significantly lower.
Phuoc Dong New City (Thuan Loi Residential Area) in Tay Ninh’s Phuoc Dong Industrial Park stands out for its competitively priced townhouses.
Bui Thanh Phong (37, HCMC) shares that after a decade of saving, he and his wife still couldn’t afford a home.
“Land in HCMC’s outskirts costs over 2 billion VND, and homes under 3 billion VND are nearly extinct. Many ‘affordable’ projects lack legal clarity, so we hesitated,” he explains.
Their breakthrough came with Phuoc Dong New City in Tay Ninh. In Phase 2, the developer offers fully finished townhouses with basic interiors for just 1.9 billion VND each.
Phuoc Dong New City – Affordable housing for young families (Image: Minh Phu Land).
“In Phase 1, the developer offered unfinished homes for 1.7 billion VND. Completing the interiors would cost an additional 300-400 million VND. In Phase 2, the price rose to 1.9 billion VND, but included finished interiors and basic furnishings. I seized the opportunity immediately.”
“For just 200 million VND more, we got a fully finished home with furnishings, saving time and effort. The developer also gifted us a full-height kitchen cabinet and air conditioning,” Phong adds.
With a 30% down payment (579 million VND), Phong secured the home. The remaining 70-80% was financed by a bank over 30 years, with a 24-month grace period.
“This allows us to settle down without overwhelming financial pressure. With affordable options in HCMC dwindling, Phuoc Dong New City is ideal for young families seeking long-term stability,” he emphasizes.
Townhouses with Legal Titles – Secure, Sustainable Investment
Phong values the individual legal titles for each home, enabling immediate notarization and possession.
“The project’s legal clarity reassures us. Holding the title, we feel secure and worry-free,” he shares.
The developer guarantees a 7-9 million VND monthly rental income for the first year, providing Phong with 84-108 million VND annually.
Initially, Phong plans to rent out the property. Once financially stable, his family will relocate from HCMC to Phuoc Dong New City.
“Located in a major industrial zone, the project ensures a steady tenant pool and future job opportunities. In 2025, Tay Ninh’s industrial zones, including Phuoc Dong, face a shortage of 26,000 workers across various sectors,” he notes.
Beyond its affordability, Phuoc Dong New City attracts buyers with incentives like “0 VND Booking,” “Flash Sales,” loyalty vouchers, and discounts for Tay Ninh residents, totaling up to 15% off.
The project attracts both investors and homebuyers (Image: V.N).
Designed as a model satellite city, Phuoc Dong New City offers comprehensive amenities, including schools, hospitals, shopping centers, and entertainment facilities, catering to residents’ needs within the community.
The project integrates full community amenities (Image: Minh Phu Land).
Strategically located at the intersection of key highways (HCMC-Moc Bai, Go Dau-Xa Mat, and North-South West Expressway), the project offers easy access to Trang Bang, Duc Hoa, Moc Bai International Border Gate, and HCMC via QL22 and the upcoming HCMC-Moc Bai Expressway.
With strong growth potential, Phuoc Dong New City promises exceptional value appreciation, serving as both a sustainable home and a secure, multi-generational investment.
Contact Phuoc Dong New City: Minh Phu Real Estate Investment JSC (MinhPhuLand)
Address: 5, Street No. 1, CityLand Residential Area, Hanh Thong Ward, HCMC
Representative Office: Phuoc Dong New City, Hung Thuan Commune, Tay Ninh Province
Website: https://phuocdongnewcity.vn/
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