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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 developed coastal resort township within a 2-hour HCMC drive — operating beach clubs, entertainment parks and international hotels make it compelling as a weekend villa or short-term rental investment. Pink books are fully issued only in the Florida sub-zone, daily services including healthcare are still building out, and Novaland's restructuring introduces residual delivery risk for remaining sub-zones.
Homeowner: A compelling second-home for HCMC buyers who want resort living rather than a daily-use address. The Dầu Giây–Phan Thiết Expressway cuts the drive to 2 hours, and operating attractions — Movenpick and Centara hotels, Dino Park, Wonderland Water Park, Miami Bikini Beach and the NovaSport Complex — deliver a resort experience that few coastal townships in Vietnam can match. The honest limits: healthcare is only at the groundbreaking stage, daily retail is absent today, and pink books are complete only in the Florida sub-zone — buyers in other sub-zones should plan for Q3 2026 or later, subject to Novaland completing its restructuring.
Investor: The investment thesis has genuine demand anchors — operating international hotels, a national-policy-backed tourism corridor and a Phan Thiết airport under active construction targeting end-2027. The Florida sub-zone, with pink books issued, has a working secondary market. The risk concentration is real: pink-book issuance for 1,500+ delivered units keeps slipping (Q2 missed, now Q3 2026+), Novaland's restructuring is 80–90% done but not yet closed, and the 50-year leasehold limits the eventual exit pool. Investors should size their position to the pending legal resolution timeline, not the airport opening alone.
| Market range | 21 triệu – 125 triệu/m² |
| Unit price | 3 tỷ – 65 tỷ |
| Launch price | 83 triệu/m² |
| Project | Price | Distance |
|---|---|---|
| NovaWorld Phan Thiết | 42 triệu/m² | — |
| Hồ Tràm resort area (Bà Rịa – Vũng Tàu) | Similarly priced at comparable villa sizes, with some projects priced higher per unit due to closer HCMC proximity | Closer to HCMC (~1.5h drive), smaller individual project footprints, no comparable entertainment infrastructure or PGA golf course |
| Cam Ranh resort corridor (Khánh Hòa) | Comparable to higher for beachfront resort villas depending on brand and completion status | Further from HCMC (4+ hour drive or short flight), more international-tourist dependent, a more mature resort market with stronger STR yield track record |
Secondary market pricing is stable but volume is thin; the Florida sub-zone — the only cluster with pink books issued — is the sole active resale segment, while broader transaction activity awaits pink-book clearance for delivered units across the rest of the project.
| 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 for most villa and townhouse products. Bình Thuận province issued Decision No. 1209 on 27 June 2025 approving investment adjustments and authorising 381 ha to switch from annual-rental to single upfront lease payment — the key legal prerequisite for pink-book issuance. Land-use fee determination (required before certificates can be issued for 1,500+ already-delivered units) was targeted for Q2 2026 per Novaland May 2026 plan; as of late June 2026, no official announcement has been made — now estimated Q3 2026 or later. Florida sub-zone: pink books fully issued with long-term ownership for Vietnamese citizens, 50-year for foreigners. Construction permits approved across active sub-zones. Novaland 2026 AGM (23 April 2026, held on-site at NovaWorld Phan Thiết) appointed new Chairman Bùi Cao Nhật Quân and approved an 800M-share private placement potentially raising 8 trillion VND. As of May–June 2026, Novaland is approximately 80–90% through its debt restructuring (total debt ~67 trillion VND), sought a creditor waiver on its USD 300M international bond (bondholder vote deadline 4 June 2026), and targets full restructuring completion by end-2026 with a return to growth in 2027. Novaland reported 2025 full-year profit of 1,819 billion VND, recovering from a 4.3 trillion VND loss in 2024. NovaGroup broke ground on an emergency clinic and cancer-screening hospital in partnership with HCMC University of Medicine and Pharmacy at NovaWorld Phan Thiết on 13 June 2026 — the project first on-site dedicated healthcare facility (under construction, not yet operational). |
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 resort investors; the typical occupant is a weekend visitor or holidaymaker rather than a daily commuter, with a significant share of units operated as short-term rentals through on-site hotel management operators.
