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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.
Vietnam's most ambitious island city by footprint — on-site golf, safari, mega mall, marina, and Kengo Kuma-designed sub-zones, all 5 minutes from Hải Phòng center via Royal Bridge. The honest trade-off is premium pricing in a mid-tier metro and a 2-bridge access structure that works well today but needs monitoring as the island fills.
Homeowner: A strong choice for homeowners seeking a resort-lifestyle primary residence. Vinhomes and Nomura co-develop at just 22.5% density, delivering an on-site stack — 36-hole golf, VinWonders safari, Vincom Mega Mall, Vinschool K-12, Vinmec polyclinic — that very few projects anywhere in Vietnam can match. The honest trade-off: premium island pricing in a mid-tier metro, where buyers are exchanging urban immediacy for resort quality, and where the 2-bridge access structure needs monitoring as the island population fills.
Investor: A viable long-term investment with a catalyst-rich but patience-required thesis. Royal Bridge is now operational, Vincom Mega Mall and VinWonders are live, and Hải Phòng's official land benchmarks for the Vũ Yên corridor jumped 60-100% under the 2026 table — the core location case has been physically validated. The investment risk is liquidity depth: the buyer pool is narrow at luxury villa prices, rental income is nascent, and the approved ~15,000 high-rise apartment expansion will eventually introduce a second supply tier on the same island.
| Unit price | 6,6 tỷ – 70 tỷ |
| Rent | 20 triệu – 40 triệu/mo |
| Launch price | 115 triệu/m² |
| Project | Price | Distance |
|---|---|---|
| Vinhomes Royal Island | 100 triệu/m² | — |
| Ecopark (Hưng Yên) | Significantly cheaper — townhouses from ~3-5B VND, villas from ~8B | Established large-scale township near Hanoi with mature amenities; urban-adjacent setting trades island exclusivity for a larger metropolitan catchment and more established neighbourhood fabric |
| Vinhomes Ocean Park 2 – The Empire (Hà Nội) | Lower per m² for apartments (~50-65M/m²); villa components at comparable range | Same Vinhomes brand in the Hanoi metropolitan market; apartment-dominant with large-scale amenities; Hanoi's larger metro reduces isolation risk but the product lacks Royal Island's resort exclusivity and island setting |
First pricing snapshots recorded in early 2026 with no historical delta available; resale asking prices of 80-100M VND/m² for villas track close to primary market levels, indicating minimal initial-buyer discounting in the secondary market.
| 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, Golf Land, Quý Tộc (2025), Komorebi (Oct 2025), Đảo Thiên Đường townhouses (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. No adverse legal actions found as of May 2026. |
Vinhomes Royal Island
| CBD (peak) | 19 min |
| CBD (off-peak) | 17 min |
| Airport (peak) | 34 min |
| Airport (off-peak) | 31 min |
Affluent Vietnamese families, golf enthusiasts, and a growing Korean and Japanese expat community drawn by Hải Phòng's industrial zones and the Nomura-designed sub-zones. The island targets roughly 33,500 residents across 8,324 low-rise units — a self-contained township rather than a commuter suburb.





