Hồng Hạc City will hand over Phase 1 in December 2026, specifically 323 low-rise homes in Zone F1-1 of the Hồng Phát precinct, developed in Thuận Thành, Bắc Ninh, by the joint venture between Phu My Hung Development Corporation and Nomura Real Estate Vietnam. This information has been officially confirmed by the developer, the Vice Chairman of the Bắc Ninh Provincial People’s Committee and the guarantees provided by four major banks: Vietcombank, BIDV, VietinBank and Standard Chartered, showing that this is a legally grounded commitment rather than an estimate.
As for the handover schedule for each precinct, Hồng Hạc City is being developed according to a clear phased plan: Hồng Phát will be handed over first from the end of 2026, followed by Hồng Thịnh and then Hồng Phúc, with a total of 2,844 low-rise homes brought into use through to 2036. The developer will launch and hand over only around 300 homes each year, a strategy for controlling quality and achieving timely occupancy that has been successfully proven at Phú Mỹ Hưng urban area in District 7, Ho Chi Minh City, over nearly three decades.
Regarding actual construction progress, as of mid-2026, more than 90% of the internal roads in Zone F1-1 had been asphalted, the residential structures were approximately 80% complete and overall project progress had reached around 65%. With 600 engineers and workers operating continuously across multiple shifts under the supervision of main contractor CSCEC Southeast Asia, the commitment to hand over the project by the end of 2026 is being realised day by day on site.
Below is the complete detailed information on the specific handover milestones, the home-receipt schedule for each precinct and Zone, and the overall picture of current construction progress that homebuyers and investors need to understand before planning their finances and move-in arrangements.
When will Hồng Hạc City hand over the homes?
Hồng Hạc City will hand over its first homes in December 2026, marking the completion of all residential items and core amenities in Phase 1, Zone F1-1, Hồng Phát precinct, within the Thuận Thành ecological urban area in Bắc Ninh. This is an official commitment from the joint venture between Phu My Hung Development Corporation and Nomura Real Estate Vietnam, confirmed by a representative of the Bắc Ninh Provincial People’s Committee at the groundbreaking ceremony in April 2025.
To understand the basis for this timetable, it is necessary to review the project’s entire development cycle. Hồng Hạc City officially broke ground in April 2025 and launched its first homes on 14 June 2025, with 323 low-rise homes in Zone F1-1. From the launch date to handover in December 2026 is exactly 18 months of construction, fully consistent with the commitment stated in the sale and purchase contract between customers and the developer. This 18-month period is also comparable to the average construction cycle for the high-quality low-rise projects that Phu My Hung Development Corporation has successfully developed throughout its history. According to Vietnamnet, Mr Lưu Hào Hiệp, construction commander for Zone F1-1, confirmed that structural progress had reached 80% and overall project progress 65% as of mid-2026, showing that construction is keeping closely to the planned schedule.
What types of property are included in Hồng Hạc City’s first handover?
Hồng Hạc City’s first handover includes 3 types of property in Zone F1-1: 5-storey shophouses, 4-storey terraced houses and 3-storey semi-detached villas, all handed over with the building exteriors completed and the interiors left as shell finish.
More specifically, shophouses have plot sizes of 6x20m or 8x20m and come complete with 5 storeys, providing a total floor area of 411m2 per unit, making them suitable for both living and business purposes. Terraced houses have plot sizes ranging from 6×18.5m to 6x20m and come complete with 4 storeys, offering approximately 300m2 of floor area and an optimised design for families seeking a long-term home. Semi-detached villas have plot sizes of 9x20m or 13x20m and come complete with 3 storeys, providing a spacious, private living environment close to nature.
In terms of handover standards, Hồng Hạc City applies an external construction finish with bare internal walls, while also completing all infrastructure below ground level 0, including septic tanks and underground utility pipes. This is a significant advantage over many low-rise developments in northern Vietnam today, where underground infrastructure is often dealt with only after handover, causing considerable inconvenience for residents during use. In particular, the development uses ceramic mouldings on the exterior of the buildings, a new finishing technology being applied in Vietnam for the first time, offering outstanding resistance to tropical weather, limiting deterioration caused by sunlight, rain and high humidity, and preventing product breakage during long-term use.
Does Phu My Hung Development Corporation guarantee the handover schedule?
Yes, Phu My Hung Development Corporation has comprehensive guarantees for the Hồng Hạc City handover schedule, provided through guarantee agreements with four major banks and a mechanism protecting buyers’ rights under the 2023 Law on Real Estate Business. This provides a strong legal basis for homebuyers to feel fully assured about the home-receipt date at the end of 2026.
Regarding the specific schedule guarantee mechanism, the four banks providing guarantees for Hồng Hạc City are Vietcombank, BIDV, VietinBank and Standard Chartered, all leading financial institutions with long-standing reputations in Vietnam and internationally. Under the 2023 Law on Real Estate Business, if the developer delays handover beyond the date committed to in the contract, customers have the right to request that the guaranteeing bank pay compensation for damages, thereby ensuring that the full value of the property is protected by the legal system.
Moreover, Phu My Hung Development Corporation’s track record at its urban development in District 7, Ho Chi Minh City, over nearly 30 years of operation is the most convincing practical evidence. With the principle of accompanying customers until the entire project is completed, Phu My Hung Development Corporation has never had a precedent of late handover in any project throughout its property development history. This is the foundation of the brand’s reputation, built over three decades, and the most valuable intangible asset that this developer brings from southern Saigon to Bắc Ninh.
In what order are the home handovers scheduled for the Hồng Hạc City precincts?
Hồng Hạc City has 3 precincts receiving homes in sequence: Hồng Phát will be handed over first from the end of 2026, followed by Hồng Thịnh and finally Hồng Phúc, with a total of 2,844 low-rise homes handed over through to 2036 at a rate of approximately 300 homes per year.
To understand the home handover schedule for each precinct comprehensively, it is necessary to understand the project’s overall structure. Hồng Hạc City covers nearly 198 ha and comprises 2,844 landed homes divided into 3 independent precincts. Each precinct will be developed and handed over in sequence rather than all at once, to ensure that construction quality is controlled to the highest standard and that each handover is followed by the timely establishment of the resident community. The following table summarises the handover plan for each precinct and Zone, enabling buyers to check their reserved home easily and estimate its handover date.
| Sub-area | Zone | Number of homes | Expected handover date |
| Hồng Phát | Zone F1-1 | 323 homes | December 2026 |
| Hồng Phát | Zone F1-2 | 397 homes | Following Zone F1-1, expected in 2027 |
| Hồng Thịnh | Subsequent Zones | Phasing | 2027 to 2030 |
| Hồng Phúc | Final Zones | Phasing | 2030 to 2036 |
Which Zones make up the Hồng Phát precinct, and what is the handover schedule for each Zone?
The Hồng Phát precinct has 2 Zones with a confirmed detailed schedule: Zone F1-1 comprises 323 homes to be handed over in December 2026, while Zone F1-2 comprises 397 homes to be launched and handed over immediately afterwards, expected around the middle to the end of 2027.
Zone F1-1 comprises the first 323 low-rise homes offered to the market on 14 June 2025, and these are also the homes for which land-use right certificates were issued before handover. This special legal status is exceptionally rare in the northern low-rise property market today, where the vast majority of comparable projects require residents to wait several months after moving in before receiving their certificates. The main contractor, CSCEC Southeast Asia, is carrying out construction at a pace that will ensure the entire structure is completed before September 2026, leaving sufficient time for finishing works and acceptance procedures before official handover at the end of the year.
For Zone F1-2, the joint developers, Phú Mỹ Hưng and Nomura Real Estate Vietnam, have confirmed that they will launch the 397 Zone F1-2 homes immediately after completing the show-home opening, marking the start of the expansion of the Hồng Phát precinct. According to Tiền Phong, the opening of the show home in June 2026 is regarded as preparation for the joint developers to launch Zone F1-2 very soon afterwards. Handover of Zone F1-2 will take place approximately 6 to 12 months after Zone F1-1, in line with the continuous construction pace maintained on site.
Around which years are the Hồng Thịnh and Hồng Phúc precincts expected to be handed over?
The Hồng Thịnh precinct is expected to begin handover in the 2027 to 2030 period, while the Hồng Phúc precinct will be handed over in the 2030 to 2036 period, according to the phased development plan for all 2,844 homes announced by Phú Mỹ Hưng when the project was launched in Bắc Ninh.
To understand this more clearly, it is important to consider the rationale behind this schedule. Phú Mỹ Hưng releases only around 300 homes across the entire project each year. This is a deliberate policy designed to control construction quality and ensure that residents move in and the community fills up naturally, avoiding the problem of vacant urban areas after handover. Customers buying in a particular precinct and phase will receive their homes according to the corresponding schedule specified in the sale and purchase agreement signed directly with Phu My Hung Development Corporation.
Another feature that distinguishes Hồng Hạc City from the market is that all 4 sides of the project border long-established existing residential areas. This enables the resident occupancy rate after each handover phase to rise considerably faster than in entirely isolated new urban developments. It offers a dual advantage to both owner-occupiers and rental investors, as the surrounding community is already established and the external commercial infrastructure was completed before handover. According to the 2026 Vietnam National Real Estate Awards, Hồng Hạc City was named among the Top 10 Most Promising Commercial Housing Projects in Vietnam, largely because of this rare community continuity.
Is construction at Hồng Hạc City on schedule for handover at the end of 2026?
Yes, construction at Hồng Hạc City is on schedule for handover at the end of 2026, as confirmed by 3 real-world indicators: more than 90% of the internal road infrastructure is complete, the structural works for the Zone F1-1 homes are 80% complete, and overall progress across the project has reached 65%, with 600 engineers and workers working continuously in multiple shifts each day at the Thuận Thành, Bắc Ninh site.
This affirmative answer is based not only on information from the developer but has also been independently verified through several reputable sources. Vietnamnet and Tiền Phong directly recorded footage of actual construction at the site, showing a lively scene with multiple work packages being carried out simultaneously rather than sequentially. The main contractor plays a crucial role in maintaining progress: CSCEC (China State Construction Engineering Corporation Southeast Asia), the contractor responsible for constructing Hồng Hạc City, is the world’s largest state-owned construction group by revenue and has experience delivering thousands of large-scale urban projects worldwide. CSCEC’s presence is the most important assurance of construction quality and progress here.
How far have the internal roads and landscaping at Hồng Hạc City progressed?
The internal road infrastructure at Hồng Hạc City had completed more than 90% of its asphalt surfacing by early December 2025. All main and secondary roads have been laid out according to a well-planned grid system, with broad, level surfaces delivered consistently throughout the development to international urban standards.
More specifically, Hồng Hạc City’s network of 105 internal roads comprises 3 main roads and 102 cross streets, all being developed concurrently. Hồng Hạc Boulevard, running along the north–south axis, has a 40.5-metre road reserve and 6-metre-wide pavements on each side, forming the main transport spine of the entire urban area. Alongside asphalt surfacing of the carriageways, the pavements are being uniformly paved and the public lighting system is being fully installed. The total length of all internal roads exceeds 33 km, reflecting the substantial transport infrastructure of an urban development covering nearly 200 ha.
Hồng Hạc City’s landscaping policy is particularly noteworthy. Rather than planting trees after handover and leaving residents to wait for them to mature, Phú Mỹ Hưng has proactively planted and cared for thousands of trees within the development from the construction stage. This will ensure that when residents move in in December 2026, the living environment is already green, fresh and complete from day one. With an 18-ha central park and 7 internal parks, greenery and water features account for as much as 22.65% of the project’s total area, creating a living environment that is completely different from the current average standard of urban developments in the north.
What is the construction progress for the townhouses, villas and shophouses on site?
Construction of the townhouses, villas and shophouses at Hồng Hạc City is progressing in parallel across 3 property groups at different stages of completion: shophouses on the main boulevard are leading the schedule, the Zone F1-1 terrace townhouses have reached 80% structural completion, and the semi-detached villas are being developed concurrently under a 3-tier quality-monitoring system.
Shophouses are being prioritised for early construction because they are located along the project’s main commercial boulevard, which will become one of Hồng Hạc City’s busiest retail streets. The 5-storey shophouse rows are currently at the structural construction stage and moving into external finishing, leading the other property types in the same zone in terms of progress.
For the Zone F1-1 townhouse group, the building structure was approximately 80% complete by mid-2026, while the infrastructure below ground level 0 had been completed, including septic tanks, drainage pipes and underground utility pipes. According to confirmation from Mr Lưu Hào Hiệp, the construction site manager, Zone F1-1 had the most advanced building structure in the entire development and was moving into the external finishing stages using the new ceramic moulding material.
For quality monitoring, Hồng Hạc City applies an independent 3-tier control model: Phú Mỹ Hưng’s engineering team, CSCEC’s internal supervision team and a third-party supervision consultant. Every construction item must pass all 3 inspection rounds before it can move to the next stage. Although this mechanism makes construction slightly slower than an uncontrolled approach, it provides the foundation for consistent handover quality and compliance with the published standards for all 323 Zone F1-1 homes.
What conditions must be completed to take handover of a home at Hồng Hạc City?
Taking handover of a home at Hồng Hạc City requires completion of 2 groups of conditions: fulfilment of the financial obligations according to the agreed payment schedule and receipt of the relevant legal documents, notably the title certificates already issued for Zone F1-1 before handover. This is entirely different from the common practice in the northern low-rise property market, where most customers must wait from 6 months to more than 1 year after moving in before receiving their title certificates.
In addition to the financial and legal requirements, the recipient must prepare personal documents as requested by the developer and complete the procedures for signing the handover acceptance record. This is the standard process applied to all Hồng Hạc City customers to ensure full legal protection for both parties.
What financial obligations are payable when taking handover of a Hồng Hạc City home?
When taking handover of a Hồng Hạc City home, customers must pay a further 5% of the contract value plus the corresponding VAT and maintenance fee, after having paid a cumulative 20% throughout construction according to the agreed payment schedule, bringing the total to 25% of the home’s value at handover. The remaining 75% is supported by loans from partner banks including Vietcombank, BIDV, VietinBank and Standard Chartered, with borrowing of up to 70% of the property’s value and a maximum loan term of 30 years. In particular, 0% interest support on 30% of the loan is available until handover, together with a principal repayment grace period of up to 2 years after handover. These are rare financial incentives in the northern low-rise housing segment today.
Are title certificates at Hồng Hạc City issued before or after handover?
Title certificates for Zone F1-1 in the Hồng Phát precinct were issued before handover, with more than 1,000 of the project’s total 2,844 homes having completed the procedures for issuing certificates of land-use rights and ownership of assets attached to the land, equivalent to approximately 35% of all properties in the development. According to confirmation from Phú Mỹ Hưng, the issuance of certificates is not affected by the administrative boundary merger in Bắc Ninh Province, ensuring continuous legal protection for buyers. For the remaining homes without certificates at the time of handover, the developer has committed to completing the title-certificate procedures within 1 to 3 months after residents have completed payment according to the schedule and officially taken handover, ensuring full legal ownership for all customers as soon as possible.
