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8 of 11 delivered
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Vingroup (Vinhomes JSC) & Nomura Real Estate Development
8 of 11 sub-zones delivered · 3 upcoming 2027
Vietnam's only 877-hectare island city — 36-hole golf, VinWonders with safari, Vincom Mega Mall, Royal Marina, and 29.5-ha equestrian academy, all on one private island 5 minutes from Hải Phòng center.
Vietnam's first island city spanning 877 hectares on Vũ Yên Island, Hải Phòng. Co-developed by Vinhomes and Japan's Nomura Real Estate, with select zones designed by architect Kengo Kuma. Comprises 11 themed residential zones with 8,324 low-rise units at 22.5% construction density, leaving 60% green space. Anchored by a 36-hole Vinpearl Golf championship course, VinWonders theme park with safari, Vincom Mega Mall, and Royal Marina — on a private island connected to Hải Phòng center via Royal Bridge in 5 minutes.
Better for long-term living than for investing.
Vinhomes Royal Island is Vietnam's only island city at this scale — 877 ha at 22.5% density, with operating amenities (Vinpearl Golf, VinWonders safari, Vincom Mega Mall, Vinschool K-12) that no comparable Vietnamese project matches. The fundamental tradeoff is island geography by design: two bridge connections, no metro, limited on-site hospital access, and three sub-zones still under construction.
Homeowner: A strong homeowner choice for those buying into island living with Vinhomes execution. An operating Vinschool K-12 campus, Vincom Mega Mall, VinWonders safari park, and 36-hole golf course within the project is a combination no comparable Vietnamese development can match. The honest constraints are healthcare depth (a Vinmec polyclinic is noted in project listings but no confirmed major hospital operates on-site) and the two-bridge island access — both manageable for the affluent buyer profile this project targets.
Investor: A viable long-horizon thesis backed by Vinhomes sponsorship and Hai Phong's FDI land corridor, but rental yields will be thin at luxury villa price points and the secondary market is still forming. The March 2026 approval for 15,000 high-rise units on the same island is the key variable to track — it confirms developer conviction in the location but introduces medium-term supply that shifts the island's character.
| Market range | 80 triệu – 120 triệu/m² |
| Unit price | 7 tỷ – 70 tỷ |
| Rent | 20 triệu – 75 triệu/mo |
| Launch price | 85 triệu/m² |
| Project | Price | Distance |
|---|---|---|
| Vinhomes Royal Island | 100 triệu/m² | — |
| Vinhomes Imperia Hải Phòng | Significantly cheaper — urban apartment pricing well below Royal Island's villa land rates | Established urban location in central Hải Phòng — walkable services and full metro-area connectivity, no resort lifestyle |
| Vinhomes Ocean City (Hưng Yên) | Broadly similar developer tier; apartment-heavy product mix typically prices below Royal Island's villa land rates | Large Vinhomes township near Hà Nội — stronger intercity access, apartment-focused, different buyer base |
Primary villa pricing sits at 80–120M VND/m² across sub-zones, with first resale snapshots (April 2026) showing secondary villa pricing at 82–90M VND/m² — the resale market is forming but remains thin.
| Developer | Vingroup (Vinhomes JSC) & Nomura Real Estate Development |
| Status | 8 of 11 delivered |
| Completion | 2027 |
| Total Units | 8324 |
| Launch Date | 2024-03 |
| Handover | 2024-11 |
| Construction Permit | Approved |
| Pink Book | Partial |
| Legal Notes | Full legal documents in place including land use rights, construction permit, and investment permit. Perpetual freehold ownership for Vietnamese nationals; pink books issued at handover. 8 of 11 sub-zones delivered with progressive pink-book issuance: Tài Lộc and Miyabi (Nov 2024), Đảo Vua (Jun 2025), Golf Land and Quý Tộc (Sep 2025), Komorebi (Oct 2025), Đảo Thiên Đường (Nov 2025), and Hoàng Gia (Q1 2026). Royal Riverside, Hoàng Thành, and Kinh Đô remain under construction with pink books pending. In March 2026, Vingroup won the auction for an additional 47.2 ha at Vũ Yên (4,841B VND) for a future 32-block apartment expansion (~15,000 units) under a separate 50-year residential land assignment. Cầu Vũ Yên 2 (third bridge) remains at city-requested feasibility study stage with no confirmed groundbreaking date or funding commitment as of June 2026. No adverse legal actions found. |
Vinhomes Royal Island
| CBD (peak) | 19 min |
| CBD (off-peak) | 17 min |
| Airport (peak) | 37 min |
| Airport (off-peak) | 31 min |
Affluent Vietnamese families and a growing Korean and Japanese expat community are the primary residents, drawn by Hải Phòng's FDI-driven industrial zones and the Nomura-designed sub-zones within the project. Golf enthusiasts, lifestyle buyers, and long-horizon investors complete the resident mix. The development is designed for a maximum population of approximately 33,500 across 8,324 low-rise units.





