Updated: 30/09/2026
Vinhomes Pearl Bay legal status & progress
A summary of the main legal milestones, the type of title and ownership term for each product line, and the construction status — the information to check before any deposit.
General information
| Item | Information |
|---|---|
| Commercial name | Vinhomes Pearl Bay |
| Legal name | Khu Nhà ở Vinpearl Phú Quý |
| Developer | Vinpearl JSC (Vingroup) |
| Distributor | Vinhomes |
| Address | 9 Trần Phú, Nha Trang Ward (formerly Vĩnh Nguyên Ward, former Nha Trang City), Khánh Hòa Province |
| Scale | 33.8 ha · 870 low-rise units |
Main legal milestones
| Date | Milestone |
|---|---|
| 05/2023 | Investment policy approval decision No. 1126 |
| 01/2024 | Land allocation decision No. 134 |
| 07/2024 | First capital raise (352 townhouses + 43 villas) · Techcombank guarantee · Khánh Hòa People’s Committee certificate |
| 12/2025 | Third project information disclosure |
| 03/2026 | Second capital raise (35 low-rise units) |
| 06/2026 | Infrastructure has taken shape · 88 homes completed |
| 06/07/2026 | First handover of Ngọc Trai homes |
| 20/09/2026 | Sales policy takes effect: sale and purchase agreement V08 · transfer agreement V12 |
Type of title and ownership term
| Product line | Land type | Term | Contract |
|---|---|---|---|
| Ngọc Trai townhouses and villas | Residential land (housing project) | As regulated for residential land | Sale and purchase agreement (HĐMB) |
| Lam Ngọc & Ruby shops | Commercial-service land | 50 years, with an extension clause (2023 Land Law) | Transfer agreement (HĐCN) |
Khánh Hòa People’s Committee certificate issued 31/07/2024. The pink book (land-use/ownership certificate) status of each unit must be checked at the time of the transaction.
Construction progress
Per developer materials of June 2026, the project’s infrastructure has taken shape and 88 homes are completed; the first handover of Ngọc Trai homes took place on 06/07/2026. Under the current model contract, the final 5% of the value is paid when the ownership certificate (GCN) for the home is issued — that is, the certificate for each unit is issued after handover.
Foreign buyers
The sales policy currently in force applies to domestic customers. These are low-rise products attached to land, so whether a foreigner can own one depends on legal regulations and on the developer’s arrangement for each unit. Happy Land confirms with the developer before any foreign buyer places a deposit.
Cross-check the legal status of each unit
Happy Land sends the legal documents and helps check each unit before any deposit — message us on Zalo for support.
Frequently asked questions
Does Vinhomes Pearl Bay have a pink book yet?
The project has an investment policy decision (2023), a land allocation decision (2024) and a Khánh Hòa People’s Committee certificate (31/07/2024). The pink book (land-use/ownership certificate) status of each unit must be checked at the time of the transaction — Happy Land helps cross-check the documents.
How many years do you own a shophouse?
Lam Ngọc & Ruby shops are on commercial-service land, for 50 years under the 2023 Land Law, with an extension clause.
Is the project guaranteed by a bank?
Yes. The first capital raise (07/2024) carries a Techcombank guarantee.
Who is the developer of Vinhomes Pearl Bay?
Vinpearl JSC, part of Vingroup; Vinhomes is the distributor.