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0 of 2 delivered
Nam Long Group (NLG), Nishi-Nippon Railroad (Japan)
0 of 2 sub-zones delivered · 2 upcoming 2027–2029
Only island villa community within 45 min of HCMC — 3-side river frontage, Marina Club with yacht pier, Vietnam's first Onsen Spa with 5 types of Japanese mineral stones, freehold ownership, 20 min to Long Thành Airport.
45-hectare island villa community by Nam Long and Nishi-Nippon Railroad on Đại Phước Island, Đồng Nai. 703 villas across 4 zones, Mediterranean design, Japanese construction standards by RICONS. Marina Club, Onsen Spa with Japanese mineral stones, 1.5km riverfront promenade. Phase 1 (333 units) launched Dec 2025, handover Nov 2027.
Balanced for both homeowners and investors.
A low-density (33%), freehold island villa enclave with its clubhouse and marina already open, suited to second-home and airport-corridor buyers who accept a premium to upper-mid peers. The binding constraints are access and timing: peak drives to District 1 run 60-90 minutes until Cát Lái Bridge (targeting 2029), Long Thành Airport is not yet in commercial service, and villas hand over from late 2027 with pink books only afterwards.
Homeowner: A fit for homeowners who want quiet, low-density island living and accept driving for almost everything beyond the compound. The clubhouse and marina are already open and density is only 33%, but there is no school or hospital on the island yet, daily services sit outside the gates, and peak drives to District 1 run 60-90 minutes until Cát Lái Bridge opens (targeting 2029).
Investor: A long-hold infrastructure bet rather than an income play. There is no resale or rental track record yet, entry starts around 20.5B VND, and the upside depends on Cát Lái Bridge (targeting 2029) and Long Thành Airport (commercial start targeted Dec 2026) arriving on schedule; the open Bến Lức–Long Thành Expressway and an active Nam Long sales push soften, but do not remove, that dependency.
| Unit price | 18 tỷ – 72 tỷ |
| Launch price | 130 triệu/m² |
| Project | Price | Distance |
|---|---|---|
| Elyse Island | 130 triệu/m² | — |
| SwanBay Đại Phước | 65 triệu/m² | 1.6 km |
Primary quotes are broadly stable around 130M VND/m² since launch, with the latest low-confidence snapshot at 135M and no resale data yet.
| Developer | Nam Long Group (NLG), Nishi-Nippon Railroad (Japan) |
| Status | 0 of 2 delivered |
| Completion | 2026 |
| Total Units | 703 |
| Launch Date | 2025-12-15 |
| Handover | 2027-11 |
| Construction Permit | Approved |
| Pink Book | pending |
| Pink Book % | 0% |
| Legal Notes | Freehold permanent ownership for Vietnamese, 50-year lease for foreigners. Environmental permit (Mar 2025), fire safety cert (Mar 2025), construction license (Jun 2025), official construction dispatch (Jan 2026). Zone B (Phase 1, 201 villas) sales license granted Jan 27, 2026 via Đồng Nai DOC Letter 1078/SXD-QLN&TTBĐS (legal name: Khu biệt thự Paragon Đại Phước). Zone C (132 villas) business conditions approved Dec 4, 2025; Zone C sales permit 8067/GP-TTĐT granted Dec 25, 2025. Bank financing via Vietcombank, Vietinbank, BIDV, OCB — up to 70% LTV. Pink books are issued after handover (Nov 2027+); as of Oct 2026 no pink books issued. Future sổ hồng will carry phường Nhơn Trạch, thành phố Đồng Nai following Đồng Nai's upgrade to a centrally-administered city (Apr 30, 2026). Managed by Paragon Đại Phước Company Limited (Nam Long + NNR JV); free management until 2031. Legal searched Oct 2026: no new pink book issuances or ownership/legal changes found. |
Elyse Island
| CBD (peak) | 47 min |
| CBD (off-peak) | 44 min |
| Airport (peak) | 69 min |
| Airport (off-peak) | 67 min |
| Long Thành (peak) | 60 min |
| Long Thành (off-peak) | 57 min |
Families seeking a quiet weekend home or permanent island living, and Long Thành Airport staff wanting upscale housing nearby once the airport is operating, with some expat interest. The community is gated with 24/7 security and a small buyer pool given entry prices from about 20.5B VND.
