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Explore Vietnam
3 of 5 delivered
KN Holdings
3 of 5 sub-zones delivered · 2 upcoming 2026
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.
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.
Balanced for both homeowners and investors.
A beach-and-golf second-home township with operating anchors (KN Golf Links, Wyndham Grand) and the airport five minutes away. The tradeoff is distance from daily services (Nha Trang is about 50 minutes), tourism-dependent rental returns, and pink books complete only in Para Draco and Para Grus.
Homeowner: A good second home for homeowners who want beach and golf on the doorstep, not a base for daily life. Golf, the Wyndham hotel and the Bãi Dài shoreline already operate, but schools, hospitals and supermarkets are roughly 25 km away in Nha Trang and the airport flight path adds noise. Pink books are complete only in Para Draco and Para Grus, so check title status for the sub-zone you are buying.
Investor: A tourism-led rental case with real demand drivers but limited proof of exit. Khánh Hòa visitor numbers are up sharply and the Wyndham programme offers managed rentals, yet about 5,500 units, a new 698-room Meliá resort on the same beach and thin resale data keep this a hold-for-yield bet rather than a liquid trade.
| Unit price | 4 tỷ – 45 tỷ |
| Rent | 35 triệu – 50 triệu/mo |
| Launch price | 75 triệu/m² |
| Project | Price | Distance |
|---|---|---|
| CaraWorld Cam Ranh | 75 triệu/m² | — |
| KN Paradise / Golden Bay Cam Ranh | Reported slightly lower entry; not benchmarked against our peer data | Adjacent on Bãi Dài, with less integrated amenity build-out than CaraWorld |
| Vinpearl Bãi Dài | Reported as comparable per m²; not benchmarked against our peer data | Same Bãi Dài strip, run as a single resort destination with a condotel-heavy mix |
| Movenpick Cam Ranh Resort & Spa Residences | Reported at a premium for branded condotel positioning; not benchmarked against our peer data | Smaller condotel-only project with no golf course or large townhouse component |
Sông Town primary asks sit near 75M/m² (about 5% below the earlier 79M/m² reading), while resale evidence across sub-zones remains thin.
| Developer | KN Holdings |
| Status | 3 of 5 delivered |
| Total Units | 5500 |
| 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 sub-zones; Para Sol Sun Park and Nikko Park actively issuing after 2025 handover; Sông Town first handover batch (Morocco and Greek sub-districts) reported for October 2026, with pink books to follow after handover. Developer: Công ty TNHH KN Cam Ranh, member of KN Holdings. Searches for new pink-book batch figures this run found no further published numbers; verify with the developer. |
CaraWorld Cam Ranh
| CBD (peak) | 1h to Nha Trang on summer weekends with tourist traffic on Nguyễn Tất Thành |
| CBD (off-peak) | 45 min via Nguyễn Tất Thành coastal road |
| Airport (peak) | 10 min — short coastal hop, rarely congested |
| Airport (off-peak) | 5 min direct via Nguyễn Tất Thành |
Predominantly second-home owners and short-term rental investors from Hà Nội and HCMC, with a smaller cohort of Cam Ranh and Nha Trang locals in the shophouse units. Foreign vacationers cycle through the Wyndham-managed villas and condotels.
