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Meyhomes Capital Phú Quốc/Tropi City/Olive

Area: Phu Quoc · An Giang

Olive - Meyhomes Capital Phu Quoc

Name: Olive
Address: VN

💰 13,4 tỷ – 22 tỷ🏢 273 units

Largest sub-zone in Tropi City at 23.5 hectares, mixing shophouses with the Coral Hawaii villa enclave. Olive sits on the inner ring of the master plan and contains the bulk of the project's lower-density product, including its only branded villa collection in Phase 1.

Domo Scores™

6.9

🏠 Homeowner

Solid

6.7

📈 Investor

Solid

Balanced for both homeowners and investors.

Best master-planned long-term-ownership product in southern Phú Quốc — Tropi City is already delivered and trading, and the freehold apartment angle is genuinely rare for an island resort. Main tradeoff is seasonal rental demand and a slow buildout of phases 3 and 4.

🏠 Homeowner

Value

6.5

Livability

6.7

Legal & delivery

7.3

Location & connectivity

7.3

📈 Investor

Value

6.5

Returns & exit

6.3

Legal & delivery

7.3

Location & demand

6.9

Why the scores differ

Homeowner: Better as a quiet coastal second home than as a full-time base today. Low density, rare street flooding and a beach 0.3 km away are real positives, and long-term ownership is unusual on the island. The tradeoff is a thin daily-life offer: the on-site clinic, school and Koradise Korean Street are still listed as planned in our location data, the nearest hospital is about 6 km away, and Meypearl Harmony is not due until Q4 2027.

Investor: A catalyst-led case rather than a proven-yield one. Tropi City has resale shophouse and villa listings and long-term certificates widen the eventual buyer pool, but quoted rents of 25-35M/month against 9-15B asks imply only about 2-5% gross, and demand is seasonal. Pink books are partly issued and the Oceanic City and Skypark City sub-zones have slipped, so returns depend on APEC 2027 infrastructure landing close to schedule.

Price & Market

Unit price

13,4 tỷ – 22 tỷ

•🟢 Long-term ownership across shophouses, villas, and apartments is the project's hardest moat — most island competitors are 50-year condotel.
•🟢 Tropi City handover is already underway — buyers can inspect operating shophouses, not just renderings.
•🟡 Phase 2 Crystal City pricing starts at 14.5 tỷ — entry tier rises sharply versus Phase 1, so resale of Tropi units may benefit from anchoring.
•🟡 Resale liquidity on Phú Quốc shophouses depends on tourism volumes — verify operating cash flow before paying premium.
•🔴 Oceanic City and Skypark City schedules have slipped versus original 2020 master-plan dates — buyers should not pay phase-3/4 prices on phase-1 timelines.

Is this a good deal?

Project	Price	Distance
Sun Secret Valley Phú Quốc	Higher — luxury beach villas from 40-120 M/m²	Sun Group's 103-ha resort township at Bãi Dài on the northwest coast — pure resort positioning, no urban core.
Sun Premier Village Primavera	Comparable shophouse pricing in Mediterranean theme	Sun Group's An Thới-area shophouse promenade adjacent to the Hòn Thơm cable car — directly competing for tourist foot traffic in southern Phú Quốc.
NovaWorld Phú Quốc	Cancelled / on hold — not currently a competing live product	Once-planned Novaland coastal township on the same southern Phú Quốc strip — its stall has redirected demand toward Meyhomes Capital.

Should you buy here?

Best for:

✓Homeowners seeking a quiet coastal second home or semi-retirement base with long-term ownership
✓Families willing to live in a still-building neighbourhood in exchange for planned on-site school and parks

Not ideal for:

✗Homeowners who need a fully built-out neighbourhood with hospital and supermarket close by today
✗Anyone commuting daily to Dương Đông or the mainland

Pros & Cons

Pros

✓Long-term ownership across all product types
✓Largest urban core in An Thới, southern Phú Quốc
✓Bãi Trường beach 0.3 km away
✓On-site international school and clinic
✓Inside the new Phú Quốc Special Zone (since July 2025) — elevated land/construction autonomy and APEC 2027 host area

Cons

✗Phú Quốc rental demand is highly seasonal
✗Phases 3 and 4 still in planning
✗18 km from Dương Đông city centre
✗Single coastal-axis road access

Unit Types

Shophouse

4–5 Beds · 4–5 Baths · 117–156 m²

Under review

13,4 tỷ – 22 tỷ

—

Growing families

Project Details

Total Units

273

Legal Information

Construction Permit	Approved
Legal Notes	Mixed ownership across product types. Shophouses, townhouses, and villas in Tropi City carry long-term residential ownership (sổ hồng lâu dài). Meypearl Harmony apartments are sold under long-term residential certificates as well — unusual for an island resort context where condotels are typically 50-year. Buyers should still verify the certificate type per unit.

Amenities

👨‍👩‍👧 Family: Meyschool Đoàn Thị Điểm inter-level school on-site, Lake Park and River Park playgrounds, and a polyclinic in Clubhouse Violet. The freehold ownership angle plus operating school make this the most family-credible product on the island.

🏋️ Fitness: Mey Golf driving range, marina-side sports complex with tennis and volleyball, multiple clubhouse pools and gyms, and Bãi Trường beach 0.3 km away for water sports.

🏖️ Lifestyle: Koradise Korean Street with restaurants, cafés, K-beauty retail, and a Korean cultural plaza. Eight clubhouses across the master plan provide dining, lounges, and event space, with an outdoor theatre and snow garden as signature attractions.

🛒 Convenience: Internal shuttle service, Trần Hưng Đạo coastal axis to Dương Đông, ChungHo Nais three-stage water filtration, solar power system, and on-site administrative centre. Phú Quốc International Airport is 15 km away.

🌳 Garden🔥 BBQ Area🧒 Play Area🔒 Security🅿️ Car Parking🚌 Shuttle BusShophouse Street🏍️ Motorbike Parking