Vinhomes Pearl Bay
A 33.8-hectare waterfront mixed-use complex at 9 Tran Phu along Nha Trang Bay.
- Legal developer: Vinpearl Joint Stock Company (Vingroup), marketed under the Vinhomes brand
- Address: 9 Tran Phu, Vinh Nguyen Ward (partly in Vinh Truong Ward), Nha Trang
- Total area: 338,007.17 m² (33.8 hectares) under Decision 2180/QĐ-UBND dated 15 September 2023
- Listed prices (September 2026): Internal shophouses (90–110 m² land, 5 floors) from VND 18.5–22.5 billion; sea-view villas from VND 32 billion to over VND 55 billion
- Handover status: First homes handed over on 6 July 2026; Ngoc Trai expected Q4 2026–Q1 2027, Lam Ngoc and Ruby expected Q2–Q3 2027
Updated 27/10/2026 · Source: Khanh Hoa Department of Construction Official Letter 2723/SXD-QLN (29 July 2024), Decision 2180/QĐ-UBND (15 September 2023) and Vinhomes sales policy (20 September 2026).
Vinhomes Pearl Bay overview
Vinhomes Pearl Bay (legal name: Vinpearl Phu Quy Residential Area) is a coastal mixed-use development at 9 Tran Phu, Nha Trang. Vinpearl Joint Stock Company (a member of Vingroup) is the legal developer, and the project is marketed under the Vinhomes brand. Under Decision 2180/QĐ-UBND dated 15 September 2023 approving the 1/500 detailed plan, the total project area is 338,007.17 m² (33.8 hectares).
The 1/500 plan provides for a projected population of about 2,720 residents and up to 450 stay guests per day. Residential land totals 51,376.06 m² (15.20%), comprising 30,051.12 m² for townhouses, 11,015.26 m² for villas and 10,309.68 m² for social housing. Other allocations include 52,735.44 m² for social infrastructure and 45,973.32 m² for commercial services. Tourism services take up 59,014.83 m², while roads and parking occupy 87,862.63 m² and 28,346.77 m².
The development fronts more than 1 km of natural coastline along Nha Trang Bay. It also includes a white-sand beach of approximately 2.14 hectares, with 8,445.39 m² zoned for beach and recreation uses and 4,252.73 m² for technical infrastructure.
Location on Tran Phu
Vinhomes Pearl Bay sits at 9 Tran Phu in Nha Trang. Most of the site lies in Vinh Nguyen Ward, with a smaller part in Vinh Truong Ward. The position sits at the southern end of the Tran Phu coastal road. It overlooks Nha Trang Bay, Hon Tre Island and the sea-crossing cable car line.
Within the 33.8-hectare master plan, low-rise rows and commercial streets are organised across the Ngoc Trai, Lam Ngoc and Ruby zones. Buyers should compare the distance to the 2.14-hectare beach, internal road width and bay outlook for each specific plot.
Waterfront setting and project uses
Vinhomes Pearl Bay is planned as an all-in-one coastal complex combining residential homes, tourism facilities, hotel buildings and waterfront commercial streets. Residential houses and commercial-service properties (DTTM) sit under different land-use categories in the 1/500 plan. Buyers should check the exact classification of their chosen unit.
Construction began in early 2025, and the developer handed over the first homes to residents on 6 July 2026 after roughly 18 months of work. Expected handover for the Ngoc Trai zone runs across Q4 2026 and Q1 2027. The Lam Ngoc and Ruby zones are scheduled for handover across Q2 and Q3 2027.
Vinhomes Pearl Bay site gallery
The site photographs below show completed low-rise streets, the waterfront promenade, the project entrance sign and ongoing construction zones. In October 2026 aerial views, several townhouse rows have completed roofs under green safety netting. The internal amenity pool holds water while surrounding trees are being planted. Sand grading is also under way along the beach.
Aerial view of the waterfront project — site photo.
Project sign at night — site photo.
Waterfront and pier area at night — site photo.
Internal waterfront road — site photo.
Bay panorama at sunset — site photo.
Low-rise precinct from above — site photo.
Aerial construction view — site photo.
Low-rise waterfront buildings at night — site photo.
Completed low-rise street — site photo.Legal review for a specific product
Under Official Letter 2723/SXD-QLN dated 29 July 2024, the project is legally named Vinpearl Phu Quy Residential Area. The legal developer is Vinpearl Joint Stock Company. Investment policy approval was granted under Decision 1126/QĐ-UBND (adjusted 19 May 2023). Decision 2180/QĐ-UBND dated 15 September 2023 approved the 1/500 detailed plan for 338,007.17 m².
Land allocation and lease decisions were issued under Decision 134/QĐ-UBND (15 January 2024) and Decision 863/QĐ-UBND (29 March 2024). Phase 2 technical infrastructure holds Construction Permit 13/GPXD dated 16 July 2024. Low-rise houses are exempt from individual construction permits under the approved 1/500 plan. Official Letter 2723/SXD-QLN confirms that 352 townhouses and 43 villas meet conditions for off-plan sales. This clearance falls under Article 55 of the 2014 Law on Real Estate Business.
Sales policy and investment review
As of September 2026, 5-floor internal shophouses (90–110 m² land) are listed from VND 18.5–22.5 billion per unit. A standard 90 m² plot starts at VND 18.5 billion. Sea-view villas range from VND 32 billion to over VND 55 billion per unit depending on view. A secondary contract transfer policy (HĐCN) took effect on 20 September 2026 for eligible domestic buyers. Buyers place a VND 300 million deposit and sign the transfer agreement at T+15 upon paying 15%.
Standard residential payments continue with 15% at T+30, 20% at T+75, 25% at T+105, and 25% plus maintenance fee at handover or T+130. Buyers who pay 100% within 30 days without a bank loan receive an early-payment discount equivalent to 11% per year. Buyers borrowing up to 70% under Option 1 receive fixed interest rates of 3.0% to 9.0% per year. These fixed rates run for 18 to 60 months. Option 2 provides 0% interest support for 18, 24, 30 or 36 months. Surcharges of 3.5%, 8.0%, 13.5% or 19.5% are added to the base price. Notice that the 20 September 2026 secondary transfer policy excludes foreign individuals and organisations; call 0915 718 305 to check current foreign purchase availability.
Before you choose a property at Vinhomes Pearl Bay
Check the exact legal category, handover zone and payment option for your selected unit.
- Verify whether your unit is one of the 352 townhouses or 43 villas confirmed in Official Letter 2723/SXD-QLN (29 July 2024) or a commercial-service property (DTTM).
- Match the plot to its expected handover schedule: Ngoc Trai zone (Q4 2026–Q1 2027) or Lam Ngoc and Ruby zones (Q2–Q3 2027), following the initial 6 July 2026 handovers.
- Compare listed prices by land size and view: 5-floor internal shophouses (90–110 m² land) are VND 18.5–22.5 billion, while sea-view villas start from VND 32 billion to over VND 55 billion.
- If selecting the 36-month 0% interest loan package (up to 70% loan under Option 2 of the 20 September 2026 policy), account for the 19.5% surcharge added to the base price.
- Check buyer eligibility before placing a deposit, as the 20 September 2026 secondary contract transfer policy applies to domestic buyers and excludes foreign individuals and organisations.
Vinhomes Pearl Bay FAQ
Who develops Vinhomes Pearl Bay?
Where is the project?
How large is the confirmed project area?
Are prices and handover timing confirmed?
Is the rental yield guaranteed?
What legal approvals are in place for Vinhomes Pearl Bay?
Can a buyer purchase at Vinhomes Pearl Bay with VND 10 billion in equity?
Request the current project file
Tell us whether you are reviewing a 90–110 m² shophouse or a sea-view villa. Nha Trang Holdings can share Official Letter 2723/SXD-QLN, Decision 2180/QĐ-UBND and the active payment schedule. Call 0915 718 305 or email info@nhatrangholdings.vn.