What is Palm City? An Overview of East HCMC's Riverfront Township

Palm City is one of the few remaining riverfront townships with development land in East Ho Chi Minh City. If you've been hearing this name—especially with the Palm River luxury apartment precinct launching in August 2026—this article compiles everything you need to know before diving deeper: where it's located, its various precincts, the developer behind it, and who it's best suited for. This review is based on currently available information, and we clearly note where further verification is needed.

What is Palm City, where is it, and who is the developer?

The short answer: Palm City is a roughly 30-hectare riverfront township in Binh Trung Ward, East HCMC (formerly District 2 – Thu Duc), developed by Huong Viet Properties. It is a multi-functional development featuring residential, commercial, educational, medical, and office components, boasting nearly 3 kilometers of river frontage.

Palm City is located within the Nam Rach Chiec urban area, fronting the Song Hanh road of the HCMC – Long Thanh – Dau Giay expressway. Its most distinguishing feature is its river-embracing terrain: the Giong Ong To River borders most of the project's perimeter, offering views towards Thu Thiem and District 1.

Regarding scale, published figures vary between 30.2 and 30.6 hectares depending on the document—so when precise numbers are needed for contracts or legal filings, we recommend confirming directly with the developer. The project is planned as an "all-in-one" township: residents can live, send their children to school, shop, seek medical care, and work all within the same enclave without commuting far.

The developer is Huong Viet Properties (sometimes cited as Huong Viet Holdings in certain documents). A notable previous project by this group, well-known among central district professionals, is the Grade A+ office building The Hallmark in Thu Thiem, which achieved the Green Mark certification. This is verifiable information, offering a solid track record beyond marketing claims.

What are the precincts within Palm City?

The short answer: Palm City consists of three main precinct groups: Palm Residence (low-rise townhouses, shophouses, and villas), Palm Heights (completed apartments with an active resident community), and Palm River (new luxury riverfront apartments, launched in August 2026).

Understanding this precinct structure helps avoid confusion when researching, as each precinct represents a different product line with distinct price points and handover schedules.

• Palm Residence is the low-rise component—townhouses, shophouses, and villas—catering to buyers who prefer landed property within an urban setting.
• Palm Heights is the operational apartment precinct with a settled community. This is a significant advantage for the entire area: it’s a township with real residents and functioning amenities, not just lines on a blueprint.
• Palm River is the newest luxury apartment precinct, situated on the longest stretch of riverfront land in the entire project. Palm River comprises four 36-story towers with a low density of only 4–6 units per floor, and is introduced with 68 exclusive internal amenities alongside the 100+ amenities of the wider Palm City. This is the precinct Achieve Realty VN is currently focusing on for consultations. You can find detailed information in our dedicated Palm River review covering prices, amenities, and evaluation.

How far is Palm City from the CBD and Thu Thiem?

The short answer: According to announcements, Palm City is about a 5-minute drive from the Thu Thiem Financial Center and approximately 15 minutes from District 1 via Mai Chi Tho Avenue. The project is adjacent to the An Phu intersection and fronts the HCMC – Long Thanh – Dau Giay expressway.

These travel times are estimates under favorable traffic conditions and should be used as a reference. What is more certain is Palm City's strategic location amidst multiple growth poles in the East: near Thu Thiem to the West, The Global City and Lakeview City to the East, along with the Thanh My Loi area and the Hi-Tech Park within a short radius.

For those living in or interested in Thu Thiem, this is a noteworthy point: Palm City is very close to Thu Thiem but generally offers a softer price point. This is why many of Achieve Realty VN's regular clients in Thu Thiem are starting to inquire about this area as a neighboring alternative.

What notable infrastructure surrounds Palm City?

The short answer: Palm City benefits from the East's infrastructure cluster: the three-level An Phu intersection (a 3,400+ billion VND project, substantially completed in early 2026) is less than 1.5 km away; Metro Line 1 is operational; and Ring Road 3 and the Long Thanh – Dau Giay expressway offer direct connections via the Song Hanh frontage.

Infrastructure is the strongest catalyst for property values in this area during the 2025–2026 period. Specifically:

• An Phu Intersection — a three-level interchange with underpasses and overpasses, totaling over 3,400 billion VND, had its main components substantially completed in early 2026. This resolves the largest traffic bottleneck at the Eastern gateway.
• Metro Line 1 (Ben Thanh – Suoi Tien) is now operational, adding a public transit option to the city center.
• Song Hanh Road – runs along the project's frontage parallel to the HCMC – Long Thanh – Dau Giay expressway, connecting to Long Thanh Airport in the future (the expressway is currently being expanded).
• Ring Road 3 and Mai Chi Tho Avenue enhance inter-regional connectivity and access to District 1 and Thu Thiem.

Beyond transportation, the area surrounding Palm City already boasts established external amenities: major shopping malls in the East (Estella Place, Vincom Mega Mall Thao Dien, Parkson Cantavil, MM Mega Market), and international schools and hospitals within a few minutes' radius. For a mega-township, having surrounding amenities already in operation is just as important as the internal facilities.

Who is Palm City for — End-users or Investors?

The short answer: Palm City suits families buying for own-use who want a self-contained environment close to the center, and investors targeting the limited supply of riverfront apartments in the East. Palm Heights already has residents, while Palm River (future handover) appeals to buyers looking to capitalize on upcoming infrastructure and rental yields.

To be frank, by group:

• For End-Users: The appeal lies in a partially established, synchronized urban environment—with real residents and operational amenities—rather than buying into a standalone, unfinished project with no community. The proximity to international schools and hospitals is ideal for families with young children. If you choose Palm River, you will receive a fully fitted apartment, ready to move in.
• For Investors: The main thesis is the increasingly limited supply of riverfront apartments in East HCMC, coupled with the multi-trillion VND infrastructure progressively completing in the vicinity. The fully fitted handover also shortens the time to market for rental yield. However, realistically: Palm River is an off-plan property, so there is a waiting period involved—it is not suitable if you need immediate rental cash flow in the next few months.

There is no single right choice for everyone. The key is to clearly define whether you are buying to live or to invest, and which precinct you choose—because each precinct tells a different story.

Palm City Quick Facts

Achieve Realty VN's Perspective

Palm City holds an advantage few new projects can claim: it is not starting from scratch. Palm Heights has residents, the East's infrastructure is tangibly completing, and its location adjacent to Thu Thiem is a clear long-term positive.

What we advise clients to consider carefully is the distinction between the partially established township and the new precinct under construction. Palm River—the precinct generating the most interest—is an off-plan product, so the buyer's equation involves balancing early-phase pricing against the wait for handover. For long-term owner-occupiers or investors with a multi-year horizon, this is a sound proposition. For those needing immediate yield, further consideration is advised.

Our practical advice: Don't make a decision based solely on an article or a brochure. Visit the site to experience the completed precinct and gauge the operational quality before committing to the new phase. Always re-confirm the latest construction progress, legal status, pricing, and sales policies before placing a deposit, as this information is subject to change.