Resale only

Para Draco - CaraWorld Cam Ranh

Name: Para Draco
Address: VN

Resale only · Pink books issued

💰 23 tỷ – 34 tỷ🏗️ Resale only🏢 91 units

The first handed-over subdivision at CaraWorld — 7.93 hectares of beachfront and golf-front villas wrapped around the KN Golf Links course. Roughly 91 large standalone villas operated under Wyndham Grand management, the most exclusive product cluster in the masterplan.

Quick Verdict

6.5

🏠 End-user

Solid

6.7

📈 Investor

Solid

Balanced for both end-users and investors.

The most ambitious single-developer beach city in Khánh Hòa — strong fit for second-home buyers who want golf, beach and Wyndham operations under one wall. Tradeoff: tourism-dependent yields and a flight path overhead.

Is this a good deal?

Project	Price	Distance
KN Paradise / Golden Bay Cam Ranh	Slightly lower entry; older masterplan from same developer family	Adjacent on Bãi Dài, less integrated amenity build-out
Vinpearl Bãi Dài	Comparable per-m²; condotel-heavy mix versus low-rise villa mix here	On the same Bãi Dài strip, run as a single resort destination
Movenpick Cam Ranh Resort & Spa Residences	10–15% premium for full branded condotel positioning	Smaller condotel-only project, no golf or large townhouse component

Score Breakdown

🏠 End-user

Risks

6

Value for money

6.8

Livability & family fit

5.8

Location & connectivity

5.5

Legal confidence

7.2

Quality & amenities

8.5

Price & Market

Unit price

23 tỷ – 34 tỷ

•🟢 Para Draco and Para Grus secondary stock holds value better than later releases — handover plus operating golf course gives buyers a tangible asset.
•🟡 Sông Town entry pricing is competitive with Bãi Dài villa stock but the 1,868-unit supply will keep secondary upside contained for the first cycle.
•🟢 Wyndham-operated rental programme provides a yield floor that competing single-villa rentals at Bãi Dài cannot match.
•🟡 Demand depends on northern Vietnam and HCMC second-home appetite — domestic tourism softness in 2024–25 has slowed primary absorption at Sông Town.

Should you buy here?

Best for:

✓Second-home buyers from HCMC or Hà Nội with 5–15 tỷ who visit monthly, not daily
✓Golfers wanting on-course living next to KN Golf Links
✓Retirees comfortable with a coastal resort lifestyle and Wyndham services

Not ideal for:

✗Families needing an on-site or nearby international school
✗Buyers needing daily access to Nha Trang or HCMC employment
✗Residents sensitive to aircraft noise from Cam Ranh airport

Market Trends

Pricing has been steady on handed-over villas with operating amenities, while Sông Town primary absorption is gated by tourism recovery and the build-out of the central water park and event plaza.

Pros & Cons

Pros

✓Largest coastal mega-city in Khánh Hòa
✓27-hole KN Golf Links already operating
✓Wyndham hotel and rental management on site
✓5 minutes to Cam Ranh international airport
✓Permanent ownership on most low-rise units
✓Continuous expressway corridor to HCMC via Vân Phong – Nha Trang
✓Pink books issued on handed-over Para Draco and Para Grus subdivisions

Cons

✗50 minutes from Nha Trang services and dining
✗Flight path overhead from Cam Ranh airport
✗Rental yield depends on Khánh Hòa tourism
✗No international school inside masterplan

Project Details

Status	Resale only
Total Units	91

Legal Information

Launch Date	2019
Construction Permit	approved
Pink Book	issued
Legal Notes	Pink books fully issued to Vietnamese buyers; foreign buyers hold 50-year leasehold. First handed-over subdivision at CaraWorld.

Amenities

👨‍👩‍👧 Family: 11.2 ha water park with sport zone and family slides, beach club along nearly 5 km of Bãi Dài, themed pools and lazy rivers running through Sông Town streets.

🏋️ Fitness: 27-hole KN Golf Links course, sea sports club, multi-purpose courts inside each subdivision and direct beach access for swimming and watersports.

🏖️ Lifestyle: Wyndham Grand hotel cluster, KN Beach Club, central plaza for 40,000-person events, Cát Tường spiritual park and shophouse F&B strips at Para Grus and Sông Town.

🛒 Convenience: Shophouses across Para Grus, Para Draco and Sông Town for daily retail and dining; Wyndham concierge for villa owners; on-site shuttle between subdivisions and the airport.

Pets🌳 Garden🔥 BBQ Area🧒 Play Area🔒 Security🅿️ Car Parking🚌 Shuttle Bus🎾 Tennis Court🏀 Basketball CourtShophouse Street🏍️ Motorbike Parking⚽ Multi-Purpose Court

Growth Catalysts

🚧Vân Phong – Nha Trang expressway extension to Cam Lâm and Cam Ranh (2027)
🚀Cam Ranh International Airport expansion to 25 million passengers (2030)
🚀Bãi Dài tourism corridor planning as Khánh Hòa coastal hub
🚧On-site water park, House of Light and Summer Palace amenity build-out (2026)