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1 of 12 delivered
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Novaland
1 of 12 sub-zones delivered · 11 upcoming 2026
The largest integrated resort township in Vietnam — 1,000 ha, 7 km of beach, a 36-hole PGA course and a branded entertainment complex, all within a 2-hour drive from HCMC.
A 1,000-hectare integrated resort township by Novaland in Tiến Thành, Phan Thiết, with 7 km of beachfront along the South China Sea. The masterplan blends second-home villas, resort townhouses and shophouses with a 36-hole PGA golf course, a coastal entertainment complex and branded hotels across more than a dozen themed subdivisions.
Balanced for both homeowners and investors.
Vietnam's most ambitious coastal resort township — compelling for HCMC second-home buyers who believe in the Phan Thiết tourism thesis and can accept 50-year leasehold. Novaland's ongoing restructuring and the still-unfinished masterplan are real risks to weigh against an entertainment stack already operating at scale.
Homeowner: A compelling resort second home for HCMC families comfortable with 50-year leasehold and Novaland's ongoing restructuring. The Florida sub-zone is delivered and pink books are partially under way — early buyers have legal certainty, and the on-site entertainment stack is already operating at scale. The real compromises are daily convenience (near-absent today), the nearest hospital 98 km away, and most of the 1,000-ha masterplan still pending completion.
Investor: The investment case is real but catalyst-dependent and has underperformed early projections. A working secondary market exists, but Florida units have repriced well below their 2020 launch levels and shophouse occupancy relies heavily on Novaland-operated F&B tenants. The Phan Thiết airport — groundbreaking April 2026, target 2027 — is the single most important swing factor: once operational, it broadens the project's appeal from a HCMC weekend drive market to a flyable national leisure destination.
| Market range | 32 triệu – 52 triệu/m² |
| Unit price | 3,85 tỷ – 65 tỷ |
| Launch price | 83 triệu/m² |
| Project | Price | Distance |
|---|---|---|
| NovaWorld Phan Thiết | 42 triệu/m² | — |
| NovaWorld Hồ Tràm | Comparable per-m² pricing for similar product | Closer to HCMC (1h 45m) but smaller masterplan |
| Thanh Long Bay (Kê Gà) | 10–15% lower entry price | Further south in Hàm Thuận Nam, closer to the future Phan Thiết airport |
| Sea Links City Mũi Né | Established resale market at similar price band | Mũi Né side with mature tourism footfall |
Secondary prices have softened since Novaland's financial difficulties; recovery depends on tourism demand growth and the Phan Thiết airport opening rather than any supply-side constraint.
| Developer | Novaland |
| Status | 1 of 12 delivered |
| Completion | 2028 |
| Total Units | 7000 |
| Launch Date | 2019 |
| Construction Permit | Approved |
| Pink Book | Partial |
| Legal Notes | Resort-tourism land with 50-year leasehold. Bình Thuận province approved switching to one-time land-rental payment (381 ha, June 2025) — a prerequisite for pink-book issuance. Land-use rights decision and final financial-obligation settlement from Bình Thuận province expected June 2026; once received, pink-book procedures unlock for 1,500+ products already handed over (Florida fully issued, partial in early sub-zones). Florida certificates show long-term ownership for Vietnamese citizens, 50-year for foreigners. Multiple operators on-site: Movenpick resort, Centara hotel, Accor (Waikiki). Construction permits approved across active sub-zones. Novaland AGM on 23 April 2026 — held on-site at NovaWorld Phan Thiết — appointed new Chairman Bùi Cao Nhật Quân and approved an 800M-share private placement; restructuring target end-2026. |
NovaWorld Phan Thiết
| CBD (peak) | 2h 30m on weekends when expressway fills with HCMC traffic |
| CBD (off-peak) | 2h via Dầu Giây – Phan Thiết expressway |
Primarily HCMC-based second-home owners and investors, with a mix of weekend users, long-stay retirees and a significant share of units in short-term rental operation. International buyers are present, concentrated in hospitality-adjacent products.
