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Explore Vietnam
Hưng Thịnh Land
Vietnam's largest single-developer peninsula city — 656 hectares combining a Greg Norman golf course, 3.5 km canal promenade, yacht marina, and 5-star resort brands in one integrated master plan.
A 656-hectare integrated peninsula city by Hưng Thịnh on the Hải Giang peninsula in Quy Nhơn, combining Bizhouse shophouses, Marina District condotel towers, hillside and beachfront villas, a Greg Norman 18-hole golf course, 5-star hotels, and a marina. Positioned as a tourism-commerce destination with 25 themed sub-districts and Vietnam's longest canal system.
Better for long-term living than for investing.
Central Vietnam's most ambitious peninsula resort with genuinely improving fundamentals — new expressway, airport upgrade, record tourism, and a 70-year operating extension. But Hưng Thịnh Land's 3.3T VND bond maturities in mid-2026 make developer execution confidence the single most important variable for buyers right now.
| Project | Price | Distance |
|---|---|---|
| NovaWorld Phan Thiết | Mid-market resort township closer to HCMC with operating expressway — stronger accessibility but shallower amenity depth than MerryLand | Similar master-planned concept but in Bình Thuận; Novaland's own financial recovery adds a comparable developer-risk dimension. |
| FLC Quy Nhơn | Established resort on the same peninsula corridor — operating golf and hotel but FLC Group's financial collapse has stalled all expansion and depressed resale values | Cautionary parallel for developer-risk buyers — FLC's collapse shows what happens when a resort developer loses financial capacity mid-build. |
| Blanca City Vũng Tàu | Sun Group's 96.6-ha Vũng Tàu project — stronger developer balance sheet and closer to HCMC, but smaller land bank and no golf course | The Sun Group brand commands a financial confidence premium that Hưng Thịnh currently cannot match — the key differentiator is developer balance sheet, not product quality. |
End-user: Mixed project (5.0–5.9 band). Impressive resort amenities — golf, marina, canal promenade, branded hotels — but the isolated peninsula has no schools, hospitals, or year-round community. Single road access via Thị Nại Bridge and 30–45 min to Quy Nhơn center make daily life impractical. Hưng Thịnh's liquidity stress adds delivery uncertainty. Suitable as a second home, not a primary residence.
Investor: Weak-to-mixed project (5.0–5.9 band). Entry pricing is upper-mid for a location where tourism demand is seasonal and thin. Condotel 50-year ownership limits exit flexibility. Hưng Thịnh's financial stress raises handover risk. Secondary market is unproven for central-Vietnam condotels. The golf/marina/hotel amenity cluster provides some structural demand, but consistent rental yield is speculative at this stage.
| Unit price | 35 tỷ – 100 tỷ |
Developer primary sales continue with promotional incentives — 8% instant discount plus 18% quick-payment reduction signals ongoing inventory push. The 70-year lease extension and new expressway provide structural support, but Hưng Thịnh Land's imminent 3.3T VND bond maturity wall (July-August 2026) keeps developer execution risk as the dominant pricing factor. Secondary market activity remains minimal.
| Developer | Hưng Thịnh Land |
| Construction Permit | approved |
| Pink Book | not_issued |
| Legal Notes | Mixed ownership across product types: Bizhouse shophouses carry long-term ownership (sổ hồng lâu dài); Marina District condotels are tourism-land, originally 50 years, extended to 70 years by Bình Định province (land lease 2013-2083). Construction permit approved. Pink books not yet issued — project is pre-handover. Searched: 'MerryLand Quy Nhon sổ hồng', 'MerryLand pháp lý', 'Hưng Thịnh giấy phép xây dựng'. |
MerryLand Quy Nhơn
| CBD (peak) | 35-45 min to central Quy Nhơn — single access road through Nhơn Hội economic zone |
| CBD (off-peak) | 30 min via Thị Nại Bridge and coastal road |
| CBD (motorbike) | 30 min by motorbike along the coastal road |
| Airport (peak) | 60 min to Phù Cát Airport |
| Airport (off-peak) | 50 min to Phù Cát Airport (~35 km) |
Primarily resort investors and second-home buyers from Hà Nội and HCMC, plus Hưng Thịnh's existing customer base. Thin year-round local population — the peninsula has no established township outside the development.
