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Explore Vietnam
2 of 2 delivered
Nam Phat Hotel & Villas Co., Ltd. (Lodgis Hospitality Holdings — Warburg Pincus & VinaCapital JV)
2 of 2 sub-zones delivered
Lowest density beachfront villa project in Da Nang (16.7%) with rare long-term residential land titles — most competitors only offer 50-year tourism land. Operated by Fusion under wellness-inclusive hotel model.
15.75-hectare ultra-luxury beachfront resort on Non Nuoc Beach by Lodgis Hospitality (Warburg Pincus + VinaCapital JV). 85 standalone villas (1-6 bedrooms) plus an 18-storey, 157-room Fusion hotel. Density just 16.7% — among the lowest in Da Nang. 300+ meters of private shoreline. Operates as a wellness-inclusive branded residence with five-star hotel services for owners.
Balanced for both homeowners and investors.
Vietnam's first WITT-certified wellness residence on Non Nuoc Beach — 85 long-term pink-book villas operated by Fusion under a hands-off wellness-inclusive model. The tradeoff is resort isolation: daily urban services are not at the doorstep, and rental yield runs at roughly 3-4% gross rather than the higher rates urban apartments achieve.
Homeowner: A solid second-home choice for homeowners who value resort-grade amenities over urban convenience. Pink books are issued across all 85 villas — a rare credential in Da Nang's resort segment where most alternatives carry only 50-year tourism land — and Fusion's wellness-inclusive model means hotel services and villa management are bundled. The real tradeoff is isolation: no supermarket or hospital within 2 km makes this a seasonal retreat rather than a full-time primary address.
Investor: The investment case rests on legal quality and Da Nang's expanding tourism base rather than yield. Long-term residential pink books and an active secondary market provide cleaner exit conditions than most resort villa peers in the city. The binding constraint is yield — Fusion's managed rental program delivers approximately 3-4% gross, well below HCMC apartment benchmarks — and Nobu Residences (264 units, 6% guaranteed return, Q3 2027 handover) adds competitive pressure on the same HNW resale buyer pool.
| Market range | 67 triệu – 141 triệu/m² |
| Unit price | 18,55 tỷ – 100,48 tỷ |
| Rent | 65,8 triệu – 263 triệu/mo |
| Launch price | 60 triệu/m² |
| Project | Price | Distance |
|---|---|---|
| Fusion Resort & Villas Da Nang | 108 triệu/m² | — |
| Nobu Residences Da Nang | Newly launched; no established resale comparables yet | 43-storey branded tower in Ngu Hanh Son, Q3 2027 handover — offers 6% guaranteed return for 6 years but only 50-year land title versus Fusion's long-term pink book |
Resale villa prices for smaller 1-2 bedroom units show sharp recent increases while large-format units are flat to declining — bifurcation that likely reflects individual seller dynamics in a thin secondary market rather than a broad directional reprice.
| Developer | Nam Phat Hotel & Villas Co., Ltd. (Lodgis Hospitality Holdings — Warburg Pincus & VinaCapital JV) |
| Status | 2 of 2 delivered |
| Completion | 2024 |
| Total Units | 85 |
| Towers | 1 |
| Launch Date | 2019 |
| Handover | 2024-03 |
| Construction Permit | Approved |
| Pink Book | Issued |
| Pink Book % | 100% |
| Legal Notes | Pink books (long-term residential land use) issued across all 85 villas — rare for the Da Nang resort villa segment where most competitors offer only 50-year tourism land titles. June 2026 review surfaced no legal disputes and no pink book status changes. In March 2026, Fusion Hotel Group (the resort operator) was acquired by Suchad Chiaranussati of SC Capital Partners (Singapore); the Fusion brand and resort operations continue unchanged. The project developer — Lodgis Hospitality (Warburg Pincus + VinaCapital JV) — is a separate entity from Fusion Hotel Group and was not part of the acquisition; Lodgis broke ground on the USD 1B+ Grand Ho Tram mega-expansion in 2026, confirming ongoing financial health. Da Nang–Quang Nam provincial merger (July 1, 2025) unified land administration under a single centrally-governed Da Nang city; no adverse impact on existing villa pink books identified. Foreign buyers covered under standard 50-year ownership renewable. |
Fusion Resort & Villas Da Nang
| CBD (peak) | 29 min |
| CBD (off-peak) | 27 min |
| Airport (peak) | 35 min |
| Airport (off-peak) | 28 min |
Villa owners are predominantly affluent Vietnamese second-home buyers from Hanoi and Ho Chi Minh City, alongside Korean and Japanese expat retirees. Most visit seasonally and lease through Fusion's managed rental program when absent. Permanent occupancy is low — this is a resort residence, not a daily-commute community.
