Hong Hac City Project: Overview of Scale, Price List and Investment Potential Investors Need to Know

The Hong Hac City project by Phu My Hung is a 197.76-hectare ecological urban area in Thuan Thanh, Bac Ninh, developed by Phu My Hung Development Corporation in partnership with strategic partner Nomura Real Estate Vietnam (Japan) with total investment of nearly VND 27,000 billion (~USD 1.1 billion), comprising 2,844 low-rise homes rolled out across 4 phases from 2024 to 2036. Notably, this is the private real estate project with the largest total investment in the history of Bac Ninh Province, reflecting the developer’s stature and long-term vision. More importantly, Hong Hac City is not merely a residential area but a complete All-in-One ecological urban township with a construction density of just 27.9%, dedicating 70% of its area to greenery, water features and community amenities.

Regarding pricing, Hong Hac City currently ranges from VND 125 to 160 million/m2 depending on the property type and location within each subdivision, with a flexible payment policy requiring only 20% upon signing the sale contract, and loan support of up to 70% from Vietcombank, Vietinbank and BIDV with principal and interest grace until handover in January 2027. In addition, the initial sales phase also applies a 0% interest incentive on 30% of the loan amount, helping buyers optimise cash flow throughout the handover waiting period.

Regarding investment potential, Hong Hac City outperforms projects in the same segment in Bac Ninh thanks to 2 distinctive micro factors: a drip-feed sales mechanism of only 300-500 homes per year that keeps supply sustainable through to 2036, and a location within the key economic triangle that benefits from Gia Binh Airport (~15km) and Ring Road 4 (just 1km away).

Below is the complete detailed information on the scale, products, pricing and investment potential that investors need to know before making a decision.

What Is the Hong Hac City Project? Overview of Its Scale and Developer Information

Hong Hac City is an ecological urban area developed by Phu My Hung Development Corporation and strategic partner Nomura Real Estate Vietnam, located in Xuan Lam Commune (Song Lieu Ward), Thuan Thanh District, Bac Ninh Province, covering 197.76ha with total investment of ~VND 27,000 billion rolled out across 4 phases from 2024 to 2036.

Specifically, Hong Hac City inherits the urban planning and development philosophy from the success of the Phu My Hung Urban Area in District 7, Ho Chi Minh City, but is upgraded and supplemented by the international standards of Nomura Real Estate Vietnam, Japan’s leading real estate group with over 60 years of urban development experience. As a result, the project creates an urban model never before seen in the northern real estate market: combining Phu My Hung’s 30-year reputation with Japanese international standards within one complete urban township.

Notably, Hong Hac City’s land allocation structure clearly reflects the developer’s “quality of life first” philosophy: of the total 197.76ha, only 72.1ha (36.3%) is allocated to residential land, 51.1ha (25.75%) to urban transport, 30.37ha (15.3%) to internal amenities and 44.96ha (22.65%) to greenery, water features and technical infrastructure. More importantly, this construction density of just 27.9% is the lowest among urban areas of similar scale in the Bac Ninh region and the outskirts of Hanoi.

To gain a clearer understanding of the specific scale and the types of properties available in this project, let us examine each aspect below.

What Is the Scale of Hong Hac City and How Many Phases Is It Developed In?

Hong Hac City has 4 main investment phases from 2024 to 2036, rolled out zone by zone: Hong Phat (Zone F1-1, F1-2), Hong Thinh, Hong Phuc and the expansion zones, totalling 2,844 low-rise homes serving an expected population of 28,000 people.

Specifically, the 4-phase schedule of Hong Hac City is designed according to the Japanese-standard principle of “controlled sustainable development”: only 300 to 500 homes are released each year, ensuring each zone is fully completed before the next one is launched. Below is a summary of the 4 investment phases (the table describes the development roadmap of the 4 phases of Hong Hac City in order of time, zone name and expected number of homes, helping investors plan for each stage):

In addition, at the centre of the entire urban area, Hong Hac City features a 25-storey mixed-use tower serving as the commercial, service and office hub for all 28,000 residents. This is a rare architectural highlight among low-rise urban areas in Bac Ninh, creating an urban focal point standing independently amid a zone of low-density villas and townhouses, thereby ensuring residents always have access to high-quality commercial services within walking distance without leaving the urban area.

According to information officially released by Phu My Hung on VnEconomy (May 2025), the total investment of the Hong Hac City project is confirmed at over 27,145 billion VND, rolled out across 4 phases from 2024 to 2036 with an expected population of 28,000 people.

What Types of Residential Properties Does Hong Hac City Offer?

Hong Hac City has 4 main types of residential property, classified by land area and construction type: detached villas, semi-detached villas, garden townhouses and commercial shophouses, each with different technical characteristics and buyer segments.

Specifically, below is the technical specification table for each property type at Hong Hac City (the table details the 4 types of residential property by land area, number of storeys and handover features, helping buyers compare and choose according to their needs):

More importantly, all properties at Hong Hac City are handed over built-ready with finished exteriors, not as raw land plots. This means buyers do not have to worry about construction costs and time after purchase, thereby shortening the time from purchase to moving in or commercial leasing.

In particular, the architecture of Hong Hac City is designed in a modern French style combined with distinctive Kinh Bac cultural elements, in which the project’s main clubhouse incorporates images of the quai thao hat and the four-panel dress into its design language. This is the first time a premium urban area in Bac Ninh has proactively integrated local cultural identity into its architectural design rather than entirely copying foreign styles.

What Is the Hong Hac City Price List for 2025-2026 and What Is the Payment Policy?

The Hong Hac City price list for 2025-2026 ranges from 125 to 160 million VND/m2 depending on the property type and the unit’s position within the zone, with a flexible payment policy offering extended long-term schedules designed by Phu My Hung to suit both genuine homebuyers and investors.

Specifically, this price of 125-160 million/m2 reflects three layers of constituent value: the land value of the Thuan Thanh area (which is rising sharply as Bac Ninh moves towards becoming a centrally-governed city), the premium for planning and construction quality (27.9% density, All-in-One, Japanese standards) and the Phu My Hung brand premium. This price is 30-50% higher than ordinary townhouse and villa projects in Thuan Thanh, but significantly lower than the equivalent segment in Hanoi (500-800 million/m2 of land), thereby creating an attractive value gap for long-term investors.

Below are the detailed price list and financial policy for each property type.

How Much Does Each Property Type at Hong Hac City Cost?

Hong Hac City has 4 main price levels corresponding to the 4 property types, ranging from 125 to 160 million VND/m2 of land, with total unit values from 9 billion to over 30 billion VND depending on area and position.

Below is a detailed reference price list for each property type at Hong Hac City (the table shows the unit price/m2 and estimated total value for each property type, helping investors determine the capital threshold they need to prepare before approaching the developer):

Important note: the prices above are for reference based on information released by the Phu My Hung sales department. Official selling prices may vary by sales phase and the specific position of each plot. Therefore, investors should contact Phu My Hung’s official sales department directly at the Hanoi office (667 Lac Long Quan, Tay Ho), Ho Chi Minh City office (801 Nguyen Van Linh, District 7) or the project office in Bac Ninh to receive the most accurate price list.

More importantly, Phu My Hung affirms that it does not sell through agents or intermediary F1-F2 sales channels. All transactions are conducted directly between the buyer and Phu My Hung Development Corporation, thereby ensuring the selling price matches the original price list, with no intermediary commission markup and the highest legal validity of the contract.

What Are the Payment Policy and Bank Loan Support at Hong Hac City?

Hong Hac City has 4 main payment stages based on construction progress: 20% upon signing the sale and purchase agreement, subsequent instalments financed by the bank at 0% interest until handover, a final 45% upon handover, combined with loan support of 70% from 3 major banks with principal and interest grace until handover.

Specifically, the reference payment schedule for a property at Hong Hac City Zone F1-1, according to information from the official sales department:

• Initial deposit: A reservation payment to be allocated a unit and given priority in choosing a position
• Stage 1 (20%) upon signing the sale and purchase agreement: Sign the sale and purchase agreement directly with Phu My Hung; the earlier deposit is deducted here
• Instalments 1 to 9 (5% each): Paid on a quarterly schedule corresponding to construction progress
• Final stage (5%): Paid upon handover of the home, completing the procedures for the land use right certificate

Regarding bank loan support, Vietcombank, Vietinbank and BIDV are the three state-owned commercial banks that have signed cooperation agreements with Phu My Hung, offering:

• Maximum loan amount: 70% of the property value
• Principal and interest grace period: Until handover of the home
• Early-stage incentive package: 0% interest on 30% of the loan during construction, extending payments until handover

Furthermore, the condition enabling banks to approve loans at Hong Hac City is that the project’s legal documentation has fully met credit appraisal standards, including the investment registration certificate, 1/500 planning, construction permit 214/GPXD and more than 1,000 homes already granted land use right certificates. Therefore, buyers can immediately use the 70% financial leverage tool right from the contract-signing stage, without waiting for handover to borrow.

Does Hong Hac City Offer Better Investment Potential Than Other Projects in the Same Segment in Bac Ninh?

Yes, Hong Hac City offers better investment potential than other projects in the same segment in Bac Ninh thanks to 3 exclusive competitive advantages: a drip-feed supply control mechanism of 300-500 homes per year sustaining steady price growth pressure, the 30-year Phu My Hung brand reputation proven by the market, and a location benefiting twice over from Gia Binh Airport (~15km) and Ring Road 4 (1km).

However, the most important thing investors need to understand is that Hong Hac City’s superior potential does not come from factors everyone can immediately see, but from 2 specific micro-level advantages often overlooked in conventional analysis. Below is a detailed analysis of these two factors.

What Value Do the 25-Storey Mixed-Use Tower and Kinh Bac Cultural Architecture Create for Hong Hac City?

The 25-storey mixed-use tower at the centre of Hong Hac City is a rare architectural highlight in a low-rise urban area, creating an independent commercial and service focal point that no other low-rise project in Bac Ninh has, while positioning the urban area’s brand at a distinctive level above all competition. Specifically, this tower concentrates a shopping centre, offices and premium services, generating rental demand for shophouses from major brands wanting a presence near the tower. In particular, the clubhouse architecture incorporating images of the quai thao hat and the four-panel dress of Kinh Bac culture creates a unique local identity, thereby generating natural PR value and brand recognition for the entire urban area without additional communication costs.

What Investment Advantage Does Hong Hac City’s 300-500 Homes Per Year Development Model Create Compared With Mass-Release Projects?

Hong Hac City excels at protecting long-term value for investors thanks to its supply control mechanism of 300-500 homes per year over 12 years, whereas mass-release projects often create secondary market sell-off pressure that causes prices to spiral out of control. Specifically, when a project floods the market with 1,000 homes at once, the resale market comes under price competition pressure right from the initial stage: buyers have more choices and sellers must cut prices to offload their units. Conversely, Hong Hac City’s drip-feed mechanism maintains a state of controlled scarcity continuously from 2025 to 2036, thereby creating a steady one-way upward price trend through each new sales phase, protecting the asset value of earlier buyers.