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1 of 2 delivered
Hưng Thịnh Land
1 of 2 sub-zones delivered · 1 upcoming 2026
Vietnam's largest single-developer peninsula city — 656 hectares combining a Greg Norman golf course, 3.5 km canal promenade, yacht marina, and 5-star resort brands in one integrated master plan.
A 656-hectare integrated peninsula city by Hưng Thịnh on the Hải Giang peninsula in Quy Nhơn, combining Bizhouse shophouses, Marina District condotel towers, hillside and beachfront villas, a Greg Norman 18-hole golf course, 5-star hotels, and a marina. Positioned as a tourism-commerce destination with 25 themed sub-districts and Vietnam's longest canal system.
Balanced for both homeowners and investors.
A 656-ha beachfront peninsula city with real differentiators (a canal Bizhouse promenade, a second access bridge since February 2026, and golf and marina still to come), but today it is a second-home and tourism-thesis bet rather than a place to live full-time. The binding risks are Hưng Thịnh's late bond payments, pink books that are not yet issued for any product, and a Marina District handover that is still ahead.
Homeowner: Best suited to homeowners treating this as a quiet second home rather than a daily-living base. The peninsula is low-density (about 20% construction density) and calm, with a second access bridge since February 2026, but it has no schools, hospital or local jobs, the headline golf, Snow World and marina amenities are still planned, and no pink books have been issued yet.
Investor: A tourism-led thesis that is still unproven. Marina District asking prices around 40–42M/m² and the Phù Cát Airport second runway opening from 29 October 2026 are supportive, but rental history is thin and seasonal, resale liquidity is untested, and Hưng Thịnh's late bond payments put handover and exit risk on a single developer.
| Unit price | 1,1 tỷ – 150 tỷ |
| Rent | 30 triệu – 350 triệu/mo |
| Launch price | 40 triệu/m² |
| Project | Price | Distance |
|---|---|---|
| MerryLand Quy Nhơn | 40 triệu/m² | — |
| Blanca City Vũng Tàu | Cheaper per m²: Marina District at about 40–42M/m² against Blanca City condotels from about 75M/m² | Sun Group's 96.6-ha Vũng Tàu counterpart has a stronger developer balance sheet but a smaller land bank and no golf course |
| FLC Quy Nhơn | Comparable resort-villa pricing in Quy Nhơn | Older integrated resort on the same Nhơn Hội–Phương Mai side with an operating golf course and hotel, but a smaller retail footprint |
| NovaWorld Phan Thiết | Similar mid-market resort positioning; no like-for-like price gap is documented | Comparable master-planned coastal township in Bình Thuận, closer to HCMC with an operating expressway |
Primary asking prices hold around 40–42M/m² at Marina District with a modest 5% studio uptick, and with no resale history yet the market reads as developer-led and thinly traded.
| Developer | Hưng Thịnh Land |
| Status | 1 of 2 delivered |
| Construction Permit | Approved |
| Pink Book | Not issued |
| Legal Notes | Mixed ownership: Bizhouse shophouses carry long-term ownership (sổ hồng lâu dài); Marina District condotels are tourism-land extended to 70 years (lease 2013–2083, granted by former Bình Định province, now Gia Lai). Construction permit approved. Pink books not yet issued for any product; Marina District handover targeted Q4 2026. DEVELOPER RISK (Oct 2026 search): bond H79CH2124019 (1.8T VND, matured Aug 18 2026) was reported fully settled (principal and interest) by Sep 4 2026 after staggered late payments from Jul–Sep 2026; H79CH2124018 (1.5T VND, matured Jul 7 2026) final settlement not confirmed in sources found. Government Inspectorate referred Hưng Thịnh bond-violation files to the Ministry of Public Security (Feb 2026); no outcome found. Searched: H79CH2124019/H79CH2124018 thanh toán, MerryLand sổ hồng, bàn giao tiến độ. |
MerryLand Quy Nhơn
| CBD (peak) | 35-45 min to central Quy Nhơn — single access road through Nhơn Hội economic zone |
| CBD (off-peak) | 30 min via Thị Nại Bridge and coastal road |
| CBD (motorbike) | 30 min by motorbike along the coastal road |
| Airport (peak) | 60 min to Phù Cát Airport |
| Airport (off-peak) | 50 min to Phù Cát Airport (~35 km) |
Primarily resort investors and second-home buyers from Hà Nội and HCMC, plus Hưng Thịnh's existing customer base. The year-round local population is thin, since the peninsula has no established township outside the development.
