Move-in ready

Florida - NovaWorld Phan Thiết

Name: Florida
Address: VN

Move-in ready · Delivered 2022

💰 3,5 tỷ – 7,9 tỷ🏗️ Move-in ready🏢 7000 units

The first handed-over subdivision at NovaWorld Phan Thiết, themed around the American coastal aesthetic with beach townhouses, semi-detached and standalone villas. Split into two releases (Florida 1 and Florida 2) that sit closest to the sea within the masterplan.

Quick Verdict

6

🏠 End-user

Mixed

6.1

📈 Investor

Mixed

Balanced for both end-users and investors.

The most ambitious coastal resort township in Vietnam — compelling for HCMC second-home buyers who believe in the Phan Thiết tourism thesis. Main tradeoffs: 50-year ownership and ongoing Novaland cash-flow risk.

Is this a good deal?

Project	Price	Distance
NovaWorld Hồ Tràm	Comparable per-m² pricing for similar product	Closer to HCMC (1h 45m) but smaller masterplan
Thanh Long Bay (Kê Gà)	10–15% lower entry price	Further south in Hàm Thuận Nam, closer to future Phan Thiết airport
Sea Links City Mũi Né	Established resale market at similar price band	Mũi Né side with mature tourism footfall

Score Breakdown

🏠 End-user

Risks

5

Value for money

6.5

Livability & family fit

6

Location & connectivity

4.5

Legal confidence

5.5

Quality & amenities

8.5

Why the scores differ

End-user: Mixed project (6.0) — exceptional resort amenities including PGA golf, water park and 7km beachfront, but fundamentally unsuited for primary residence: 2h+ from HCMC, no international schools, limited daily services, 50-year leasehold and Novaland developer risk. Best as a weekend second home for HCMC families, not for daily living.

Investor: Mixed project (6.1) — secondary market discount creates entry opportunity and future catalysts (airport, expressway extension) provide upside potential, but 50-year leasehold caps appreciation, 7000+ units risk oversupply, seasonal tourism demand limits off-peak occupancy, and Novaland cash-flow concerns weigh on confidence.

Price & Market

Unit price

3,5 tỷ – 7,9 tỷ

•🟡 Secondary prices trade below primary asking as distressed owners exit — entry window for patient buyers.
•🟢 Villa fronting the PGA course holds value better than interior townhouses — golf-adjacent product is the most resilient segment.
•🔴 Rental yields below original developer projections — operational entertainment is not enough to fill 7,000+ units off-season.
•🟡 Upside hinges on Phan Thiết airport and expressway extension — two external catalysts outside Novaland's control.

Should you buy here?

Best for:

✓HCMC families with 6–15 billion VND seeking a drivable weekend beach villa
✓Golf enthusiasts who want on-course living at a PGA-standard facility
✓Retirees seeking a low-density coastal lifestyle away from city noise

Not ideal for:

✗Anyone needing daily HCMC commute — 2h+ each way is not viable
✗Families needing international schools — Phan Thiet has very limited options
✗Buyers requiring freehold ownership for inheritance or long-term planning
✗Risk-averse buyers uncomfortable with Novaland's financial situation

Market Trends

Secondary pricing has softened alongside Novaland's broader liquidity issues; recovery is tied to tourism demand and the Phan Thiết airport timeline rather than further supply constraint.

Pros & Cons

Pros

✓Biggest resort township on Vietnam's south coast
✓Greg Norman 36-hole PGA course on-site
✓2-hour drive from HCMC via new expressway
✓Operational entertainment complex drives rental demand

Cons

✗50-year leasehold on most villa products
✗Novaland liquidity risk has delayed handovers
✗Entry prices high for a leisure second home
✗Rental yields depend on tourism recovery

Project Details

Status	Move-in ready
Total Units	7000

Legal Information

Launch Date	2019
Handover	2022
Construction Permit	approved
Pink Book	partial
Legal Notes	Resort-tourism land with 50-year leasehold for most villa and townhouse products; pink books issued in handed-over subdivisions, pending in later phases.

Amenities

👨‍👩‍👧 Family: NovaDreams entertainment cluster with Wonderland water park, Circus Land, Dino Park and Safari; 16 ha Miami Bikini Beach park; themed play areas across most subdivisions.

🏋️ Fitness: 36-hole PGA-standard golf course by Greg Norman, beach club with saltwater pool, tennis and multi-purpose courts, running trails along the 7 km beachfront.

🏖️ Lifestyle: Festival Town pedestrian street over 1 km long, Miami Bikini Beach waterfront plaza, branded hotels and dining from Movenpick and Centara, plus shophouse F&B across Santa Monica and Ocean Residence.

🛒 Convenience: Commercial shophouses across Festival Town, Santa Monica and Ocean Residence; on-site clinic and retail; shuttle service between subdivisions.

Pets🌳 Garden🔥 BBQ Area🧒 Play Area🔒 Security🅿️ Car Parking🚌 Shuttle Bus🎾 Tennis Court🏀 Basketball CourtShophouse Street🏍️ Motorbike Parking⚽ Multi-Purpose Court

Growth Catalysts

🚧Phan Thiết airport (Kê Gà) opening commercial operations (2027)
🚧Full completion of Dầu Giây – Phan Thiết – Nha Trang expressway corridor (2027)
🚀Bình Thuận positioning as national tourism hub per provincial master plan
🚧Continued build-out of Novaland hotel partners on-site (Movenpick, Centara)