CaraWorld Cam Ranh - Bãi Dài Coastal Mega-City

Name: CaraWorld Cam Ranh
Address: VN

KN Holdings

The largest single-developer coastal mega-city in Khánh Hòa — 794 ha of villas, townhouses and condotels wrapped around an operating 27-hole KN Golf Links course, Wyndham hotel cluster and 11.2 ha water park, all within 5 minutes of Cam Ranh airport.

💰 5 tỷ – 18 tỷ🏢 5500 units

A 794-hectare integrated coastal mega-city by KN Holdings on Bãi Dài beach next to Cam Ranh International Airport, with nearly 5 km of beachfront. The masterplan combines themed townhouse and villa subdivisions with the 27-hole KN Golf Links course, a Wyndham Grand hotel, a 11.2-hectare water park, a 10-hectare central plaza and a yacht marina under a single hospitality-led operating model.

News & Updates

Vân Phong – Nha Trang expressway fully opened 1 January 2026, completing HCMC-to-Cam Ranh expressway corridor

Infrastructure · Apr 2026 · tuoitre.vn

CaraWorld broke ground on 6.7ha Cara Water Park sport zone on 15 November 2025 with 25M USD investment

Construction · Apr 2026 · thanhnien.vn

KN Cam Ranh received investment approval for CaraWorld International Yacht Marina project

Policy · Apr 2026 · knholdings.vn

Cam Ranh airport recovered to 4.7 million passengers in 2025, approaching pre-pandemic levels

Infrastructure · Apr 2026 · en.wikipedia.org

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	mid	Adjacent on Bãi Dài, older masterplan from the same KN developer family with less integrated amenity build-out
Vinpearl Bãi Dài	upper_mid	Same Bãi Dài strip, condotel-heavy mix versus CaraWorld's low-rise villa and townhouse mix
Movenpick Cam Ranh Residences	upper_mid	Smaller condotel-only project, no golf or shophouse 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

5 tỷ – 18 tỷ

•🟢 Vân Phong – Nha Trang expressway fully opened January 2026 — CaraWorld now sits on a continuous HCMC-to-Cam Ranh expressway corridor, reducing the old dependence on the coastal road.
•🟢 Para Draco and Para Grus secondary stock holds value better than later releases — handover complete with pink books issued gives buyers a tangible, financeable asset.
•🟡 Sông Town absorption is gated by the 1,868-unit pipeline and the build-out of central amenities (water park, event plaza) that anchor rental yield.
•🟢 Wyndham-operated rental programme provides a yield floor that competing single-villa rentals at Bãi Dài cannot match.
•🟡 Demand hinges on HCMC and Hà Nội second-home appetite — Khánh Hòa tourism recovery in 2025–26 will determine the pace of Sông Town and Para Sol primary absorption.

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

Secondary stock at Para Draco and Para Grus is firm with pink books issued, while Sông Town primary absorption ramps into the 2026 handover milestone alongside the completion of central amenities.

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

Developer	KN Holdings
Total Units	5500

Legal Information

Launch Date	2019
Construction Permit	approved
Pink Book	partial
Legal Notes	Low-rise products (villas, townhouses, shophouses) carry permanent residential ownership for Vietnamese buyers; foreign ownership is via 50-year leasehold. Pink books fully issued in handed-over Para Draco and Para Grus; Para Sol issuance in progress after 2025 handovers; Sông Town pending post-2026 handover. Developer: Công ty TNHH KN Cam Ranh, member of Golf Long Thành / KN Holdings.

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

Phases

🏢

Para Draco

0 listings · 91 units

23 tỷ - 34 tỷ

4-6 BD · 350-550 m²

Resale only

View details →

🏢

Para Grus

0 listings · 1500 units

6 tỷ - 10 tỷ

3-5 BD · 108-206 m²

Move-in ready

View details →

🏢

Para Hera

0 listings

Upcoming

View details →

🏢

Para Sol

0 listings · 1756 units

4,5 tỷ - 8 tỷ

3-5 BD · 107-122 m²

View details →

🏢

Sông Town

0 listings · 1868 units

7,48 tỷ - 18,05 tỷ

62 triệu - 95 triệu/m²

3 BD · 108-170 m²

View details →

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)

CaraWorld Cam Ranh - Bãi Dài Coastal Mega-City

News & Updates

Quick Verdict

Is this a good deal?

Score Breakdown

Price & Market

Should you buy here?

Market Trends

Pros & Cons

Pros

Cons

Project Details

Legal Information

Amenities

Phases

Growth Catalysts

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