A roughly 300–313 ha Sun Group resort complex spanning the whole of Hon Thom Island in the An Thoi archipelago, Phu Quoc
Hon Thom Paradise Island is a resort, entertainment and commercial real estate complex developed by Sun Group on Hon Thom Island in the Phu Quoc Special Zone, An Giang Province (before 1 July 2025 it belonged to An Thoi Ward, Phu Quoc City, Kien Giang Province). The complex covers roughly 300–313 ha and spans almost the whole of the largest island in the An Thoi archipelago, with more than 50% of its area left as natural forest. One point to settle before committing any money: the products here sit on commercial–service land with 70-year term ownership running to 2085 (extendable under prevailing regulations), not the long-term pink book (so hong) granted to commercial housing.
The project is divided into three components. Sun Iconic Hub comprises The Santo Port, a Santorini-style shophouse subdivision of 235 units, and the landmark subdivision The Sailing Bay at Bai Trao — about 11.5 ha with 238 products, made up of 193 commercial villas and 45 boutique hotels, set beside the Sailing Wing tower. Sun Festival Avenue is the festival boulevard linking the island's two coasts, about 30.5 ha with 138 Paradise Walk shophouses (120–135 sqm, 3–5 storeys). Sun Retreat Village is the low-rise resort component, with around 1,001 six-star villas designed by Bill Bensley. Around them sits an amenity base either already operating or taking shape: the 7,899.9 m three-cable sea-crossing gondola, Sun World Hon Thom Nature Park, Aquatopia Water Park, a marina, a clubhouse, an infinity pool and a seaside promenade. Note that the floor areas and storey counts of the commercial villas and boutique hotels at The Sailing Bay so far appear only in agency sales material and have not been officially released by the developer.
**The developer and the wider picture on the island.** The real estate side of the complex is developed by Sun Group – Sun Property. It should be kept separate from another project on the same island: the tourism infrastructure complex "Hon Thom sea cable car and marine entertainment complex", whose investor is Phu Quoc Sun Company Limited. Its master plan was adjusted on 15 January 2026 at a scale of more than 310 ha, with total capital of VND 4,950 billion and a construction window of Q2/2026 – Q2/2028; in that adjustment the existing hotels stand at 14 and 45 storeys, a 20-storey staff housing block was added, and one commercial–service/hotel land lot was raised from 8 to 30 storeys. Those figures belong to the tourism infrastructure project — not to the scale, capital or schedule of the Hon Thom Paradise Island property inventory. Sun Group has shaped most of southern Phu Quoc's tourism landscape: the Hon Thom cable car, Sun World Hon Thom Nature Park, Sunset Town and Kiss Bridge. Through 2026 the group is continuing with the Bai Dat Do urban area and preparing to invest in the An Thoi urban area; Hon Thom sits in the Sun Property line-up for the Phu Quoc market in 2026 alongside Bai Dat Do and The Sunset subdivision.
**Construction progress and handover.** The developer has not announced an official handover milestone for the project as a whole. The Sailing Bay broke ground in June 2022; The Santo Port and Paradise Walk are being rolled out in phases. The handover date for each unit is written into the sale and purchase contract of its subdivision — that is the clause to read closely before signing.
**Who is it for?** This is a product for cash-flow investors and high-net-worth buyers who treat resort real estate as an operating asset: value is set by operating capability, visitor volume and the surrounding amenity base, not by perpetual ownership. The Bai Trao commercial villas and the Sun Festival Avenue shophouses suit buyers who want a second home on the island while running accommodation, F&B or tourism services. Conversely, investors who prioritise a long-term pink book or need fast liquidity in the short term should weigh this carefully, because it is commercial–service real estate with 70-year term ownership to 2085 and it moves with the tourism cycle.
The developer does not publish a price list widely in the mass media. Indicative market figures: shophouses from around VND 25–30 billion per unit, commercial villas from around VND 45 billion per unit, and prime sea-facing units at VND 60–95 billion per unit — varying by product type, position and floor area. Happy Land keeps the original price list for each sales phase up to date, along with the remaining Bai Trao villa and shophouse inventory, payment and discount policies, and rental operation options. Contact Happy Land for the latest price list and available units, and to check the legal status of each subdivision before paying a deposit.
📍 Hon Thom Island (former Hon Thom Commune, later part of the former An Thoi Ward), Phu Quoc Special Zone, An Giang Province (formerly Phu Quoc City, Kien Giang Province)
Hon Thom Paradise Island occupies the whole of Hon Thom — the largest island in the An Thoi archipelago — in the Phu Quoc Special Zone, An Giang Province (the area of the former Hon Thom Commune, later part of the former An Thoi Ward; before 1 July 2025 it was Phu Quoc City, Kien Giang Province). This is the southern tip of the Pearl Island, the stretch with the densest concentration of tourism infrastructure Sun Group has built up over nearly a decade. The main connection is the 7,899.9 m An Thoi – Hon Thom three-cable sea-crossing gondola, recognised by Guinness as the world's longest three-cable sea-crossing cable car; the ride from An Thoi station out to the island takes only about 15 minutes, passing over Hon Dua and Hon Roi. At the foot of the cable car station on the main island lies Sunset Town with Kiss Bridge and its performance plaza, and next to it An Thoi Port — the hub for speedboats to Rach Gia and Ha Tien as well as fishing and coral-diving tours around the archipelago. From An Thoi Port, Phu Quoc International Airport is about 19.5 km away, roughly 27 minutes by car; Duong Dong centre is about 24–30 km. Local infrastructure is changing fast ahead of APEC 2027: the 17.6 km LRT urban rail line linking the airport with the APEC Convention Centre broke ground in December 2025, is due for completion in Q2/2027, and is being studied for extension to Duong Dong and An Thoi Port in a later phase. Because the project sits on a separate island, every route in and out depends on the cable car and sea transport — a factor to build into any rental operation plan.
A roughly 300–313 ha resort complex spanning the whole of Hon Thom — the largest island in the An Thoi archipelago — with more than 50% of its area kept as natural forest
Legal point to understand clearly: commercial–service land with 70-year term ownership to 2085 (extendable), not a long-term pink book
Connected by the 7,899.9 m three-cable sea-crossing gondola — a Guinness World Record — only about 15 minutes from An Thoi station to the island
Three components: Sun Iconic Hub (The Santo Port — 235 Santorini-style shophouses, and The Sailing Bay), Sun Festival Avenue (about 30.5 ha, 138 Paradise Walk shophouses) and Sun Retreat Village (about 1,001 six-star villas designed by Bill Bensley)
The Sailing Bay – Bai Trao: about 11.5 ha with 238 products, comprising 193 commercial villas and 45 boutique hotels, beside the landmark Sailing Wing tower
Developed by Sun Group – Sun Property; part of the Sun Property product line-up brought to the Phu Quoc market in 2026 (alongside the Bai Dat Do urban area and The Sunset subdivision)
Products at Hon Thom Paradise Island sit on commercial–service land with 70-year term ownership running to 2085 (extendable under prevailing regulations). Buyers receive a construction works ownership certificate valid for the term of the project — this is not commercial housing and there is no long-term pink book (so hong). Consequently, the 30% cap on the number of apartments in a single condominium building available to foreigners under the 2023 Housing Law does not apply here: foreign individuals may only own homes within commercial housing development projects. Phu Quoc is also island territory, so the list of areas requiring national defence and security safeguards has to be checked as well. In practice, foreign buyers usually approach these products through long-term lease agreements, business co-operation/operating agreements, or through a Vietnamese legal entity or a foreign-invested enterprise. Confirm the policy on sales to foreign buyers directly with the developer before paying a deposit. Eligibility must be checked for the property type, project, specific unit and buyer. Read the foreigner guide →
Hon Thom Paradise Island is a resort, entertainment and commercial real estate complex developed by Sun Group – Sun Property on Hon Thom Island, Phu Quoc Special Zone, An Giang Province (formerly Phu Quoc City, Kien Giang Province). It covers roughly 300–313 ha, with more than 50% of the island kept as natural forest, and has three components: Sun Iconic Hub (The Santo Port — 235 Santorini-style shophouses; The Sailing Bay — about 11.5 ha with 193 commercial villas and 45 boutique hotels), Sun Festival Avenue (about 30.5 ha, 138 Paradise Walk shophouses) and Sun Retreat Village (about 1,001 six-star villas designed by Bill Bensley). Note: the figures of more than 310 ha and total capital of VND 4,950 billion that often appear in the press belong to a separate tourism infrastructure project on the same island (the Hon Thom sea cable car and marine entertainment complex), not to the scale of the property inventory.
The developer does not publish a price list widely in the press. Indicative figures compiled from the market: shophouses from around VND 25–30 billion per unit, commercial villas from around VND 45 billion per unit, and prime sea-facing units at VND 60–95 billion per unit, depending on product type, position and floor area. Official prices are released with each sales phase, together with their own payment and discount policies. Contact Happy Land for the original price list and the units still available in the current phase.
No. Products at Hon Thom Paradise Island sit on commercial–service land with 70-year term ownership running to 2085 (extendable under prevailing regulations). Buyers receive a construction works ownership certificate valid for the term of the project — this is not commercial housing with a long-term pink book (so hong). It is a point to weigh carefully, because it directly affects liquidity, resale value later on and financing options. Buyers should read the sale and purchase contract of each subdivision closely before paying a deposit.
The products here are tourism / commercial–service real estate with 70-year term ownership to 2085, not commercial housing. The 30% cap on apartments in a single condominium building available to foreigners under the 2023 Housing Law therefore does not apply: foreign individuals may only own homes within commercial housing development projects, and because Phu Quoc is island territory, the list of areas requiring national defence and security safeguards must also be checked. Foreign buyers typically approach these products through long-term leases, business co-operation/operating agreements, or a Vietnamese legal entity. Confirm the policy directly with the developer before paying a deposit.
The developer has not yet announced an official handover milestone for the project as a whole. The Sailing Bay broke ground in June 2022; The Santo Port and Paradise Walk are being rolled out in phases, with handover dates written into the sale and purchase contract of each subdivision. The Q2/2026 – Q2/2028 construction window mentioned in the press is the schedule of the Hon Thom sea cable car and marine entertainment tourism infrastructure project, not the handover schedule of the real estate products.
Hòn Thơm Paradise Island is priced Indicative market prices: shophouses from around VND 25–30 billion per unit, commercial villas from around VND 45 billion per unit, and prime-position units at VND 60–95 billion per unit. The official price list is released with each sales phase.. Contact Happy Land for the detailed price list and current available units.
Hòn Thơm Paradise Island is developed by Sun Group – Sun Property (chủ đầu tư tổ hợp cáp treo & giải trí Hòn Thơm: Công ty TNHH Mặt Trời Phú Quốc), located in Hon Thom Island (former Hon Thom Commune, later part of the former An Thoi Ward), Phu Quoc Special Zone, An Giang Province (formerly Phu Quoc City, Kien Giang Province). Project scale: Approximately 300–313 ha on Hon Thom Island, with more than 50% of the island's area kept as natural forest. Three components: Sun Iconic Hub (The Santo Port — 235 Santorini-style shophouses; The Sailing Bay — about 11.5 ha with 193 commercial villas and 45 boutique hotels, 238 products in total), Sun Festival Avenue (about 30.5 ha, 138 Paradise Walk shophouses) and Sun Retreat Village (about 1,001 six-star villas designed by Bill Bensley). One distinction to keep in mind: the figures of more than 310 ha, total capital of VND 4,950 billion and the planning adjustment decision of 15 January 2026 belong to a separate tourism infrastructure project on the same island — the "Hon Thom sea cable car and marine entertainment complex" (investor: Phu Quoc Sun Company Limited / Cong ty TNHH Mat Troi Phu Quoc). In that adjustment the existing hotels stand at 14 and 45 storeys, a 20-storey staff housing block was added, and one commercial–service/hotel land lot was raised from 8 to 30 storeys; that is island tourism infrastructure, not the scale of the Hon Thom Paradise Island property inventory..
Hòn Thơm Paradise Island is currently selling now. Expected handover: No official handover milestone has been announced for the project as a whole. The Sailing Bay broke ground in June 2022; The Santo Port and Paradise Walk are being rolled out in phases. The handover date is written into the sale and purchase contract of each subdivision — read it carefully before paying a deposit.. Contact Happy Land for the latest construction progress and available units.
Hòn Thơm Paradise Island (Commercial villas, boutique hotels & resort shophouses) offers: No standard bedroom configuration has been announced — the products are shophouses, commercial villas and boutique hotels built to set designs, intended for living combined with a hospitality business.. Contact Happy Land for floor plans and prices for each unit type.
Hòn Thơm Paradise Island is located in Hon Thom Island (former Hon Thom Commune, later part of the former An Thoi Ward), Phu Quoc Special Zone, An Giang Province (formerly Phu Quoc City, Kien Giang Province). Notable connections and amenities: Hon Thom cable car station - inside the project, the island terminus of the sea-crossing gondola; Sun World Hon Thom Nature Park & Aquatopia Water Park - on the island, a few minutes within the complex; An Thoi cable car station - 7,899.9 m of cable, about 15 minutes; An Thoi Port (speedboats to Rach Gia, Ha Tien) - next to An Thoi cable car station, about 15 minutes by gondola.
Products at Hon Thom Paradise Island sit on commercial–service land with 70-year term ownership running to 2085 (extendable under prevailing regulations). Buyers receive a construction works ownership certificate valid for the term of the project — this is not commercial housing and there is no long-term pink book (so hong). Consequently, the 30% cap on the number of apartments in a single condominium building available to foreigners under the 2023 Housing Law does not apply here: foreign individuals may only own homes within commercial housing development projects. Phu Quoc is also island territory, so the list of areas requiring national defence and security safeguards has to be checked as well. In practice, foreign buyers usually approach these products through long-term lease agreements, business co-operation/operating agreements, or through a Vietnamese legal entity or a foreign-invested enterprise. Confirm the policy on sales to foreign buyers directly with the developer before paying a deposit. Happy Land helps check buyer eligibility, project documents and the specific unit before a transaction.
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