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2 of 2 delivered
Nam Phat Hotel & Villas Co., Ltd. (Lodgis Hospitality Holdings — Warburg Pincus & VinaCapital JV)
2 of 2 sub-zones delivered
Lowest density beachfront villa project in Da Nang (16.7%) with rare long-term residential land titles — most competitors only offer 50-year tourism land. Operated by Fusion under wellness-inclusive hotel model.
15.75-hectare ultra-luxury beachfront resort on Non Nuoc Beach by Lodgis Hospitality (Warburg Pincus + VinaCapital JV). 85 standalone villas (1-6 bedrooms) plus an 18-storey, 157-room Fusion hotel. Density just 16.7% — among the lowest in Da Nang. 300+ meters of private shoreline. Operates as a wellness-inclusive branded residence with five-star hotel services for owners.
Better for long-term living than for investing.
One of the very few Da Nang beachfront villa projects with genuine long-term pink books and the lowest construction density in the segment — a strong second-home choice for buyers with 20+ tỷ who want Fusion's hotel-managed ownership. The tradeoff is steep entry, modest 3-4% rental yields, and a 20-minute drive to urban amenities, making this a lifestyle purchase rather than an income investment.
Homeowner: A solid choice for homeowners seeking a fully-managed luxury beachfront second home. On-site Maia Spa (26 treatment rooms), private Beach Club, kids' club and sport facilities substitute for urban infrastructure at very low density (16.7%) — no waiting for amenities. The main compromises for full-time living are high ambient noise from the beach-resort strip, no walkable urban retail, and a 20-minute drive to city-center amenities, positioning this clearly as a second-home buy rather than a primary residence.
Investor: The investment case is narrow but protected. Rare long-term pink books command a 20-30% premium over 50-year tourism-land peers, and Warburg Pincus/VinaCapital backing provides institutional floor protection. The catch: rental yields of 3-4% are modest, secondary trading is thin, and the 16.5+ tỷ entry limits the resale buyer pool to international high-net-worth individuals. Da Nang's tourism recovery (17.3M arrivals in 2025) and the airport expansion are positive long-term demand catalysts, but growing supply competition from 13,000+ incoming units means investors should plan for longer hold periods and illiquid exits.
| Market range | 50 triệu – 320 triệu/m² |
| Unit price | 9,5 tỷ – 119 tỷ |
| Rent | 48 triệu – 264 triệu/mo |
| Launch price | 60 triệu/m² |
| Project | Price | Distance |
|---|---|---|
| Fusion Resort & Villas Da Nang | 70 triệu/m² | — |
| InterContinental Danang Sun Peninsula Resort Villas | Significantly higher entry — 60-150 tỷ VND for larger villas, but on 50-year tourism land only | Son Tra peninsula — more remote, 40 min to airport, no pink book residential title |
| Premier Village Danang Resort | Cheaper entry at 25-60 tỷ VND — older project on the same Non Nuoc strip with freehold available | Same Non Nuoc beachfront, Sun Group operated — older product (2014-2015 vintage) with different brand positioning |
| Banyan Tree Lang Co Residences | Similarly priced at 30-80 tỷ VND but on 50-year tourism land — no pink book residential title | Lang Co bay 60km north — more secluded, golf on site, longer transfer from Da Nang airport |
Primary market pricing has held steady, with secondary resale data emerging at roughly 35% above Phase 2 sub-zone launch prices — reflecting early capital appreciation since the 2019-2022 sales window, though thin volume means individual transactions can move the observable average materially.
| Developer | Nam Phat Hotel & Villas Co., Ltd. (Lodgis Hospitality Holdings — Warburg Pincus & VinaCapital JV) |
| Status | 2 of 2 delivered |
| Completion | 2024 |
| Total Units | 60 |
| Towers | 1 |
| Launch Date | 2019 |
| Handover | 2024-03 |
| Construction Permit | Approved |
| Pink Book | Issued |
| Pink Book % | 100% |
| Legal Notes | Pink books (long-term residential land use) issued across all 85 villas — rare for the Da Nang resort villa segment where most competitors offer only 50-year tourism land titles. May 2026 review surfaced no legal disputes, no developer financing distress, and no pink book status changes. Sponsor Lodgis Hospitality (Warburg Pincus + VinaCapital) confirmed healthy with USD 1B Grand Ho Tram expansion groundbreaking in May 2025. Da Nang–Quang Nam provincial merger (July 1, 2025) unified land administration under a single centrally-governed Da Nang city; no adverse impact on existing villa pink books identified. Foreign buyers covered under standard 50-year ownership renewable. |
Fusion Resort & Villas Da Nang
| CBD (peak) | 27 min |
| CBD (off-peak) | 27 min |
| Airport (peak) | 33 min |
| Airport (off-peak) | 28 min |
Mix of wealthy Vietnamese second-home owners from Hanoi and HCMC, Korean and Japanese expat retirees, and international buyers enrolled in Fusion's managed rental program between personal stays. Permanent occupancy is low — most villa owners visit seasonally and lease to Fusion's rental pool in between.
