Simona Heights

About Simona Heights

Simona Heights is a luxury apartment project at 145A Tran Hung Dao, Quy Nhon Ward, Gia Lai province (previously Thi Nai Ward, Quy Nhon City, Binh Dinh province).

It is built on a 7,071 sqm site with a building density of 44.86% and consists of two towers of 29 above-ground floors over 2 basement levels - The Sea (Thap Tam Vinh Cao Cap) and The Harbour (Thap Thien Cang Hang Sang) - bringing 626 luxury apartments to the market, including Duplex and Pent Heights units.

The building has dual frontage on Tran Hung Dao and Tran Binh Trong (which is why locals also call it the 08 Tran Binh Trong apartment building) and sits about 300 m from Quy Nhon beach according to the developer, making it one of very few apartment projects located right beside the old centre of this coastal city.

On the product side, the developer's published floor plans show three main unit lines: 1BR+ (First Heights) at 44 sqm, 2BR (Profit Heights) at 65 sqm and 3BR at 87.5 sqm, with some units offered in dual-key and triple-key versions.

The project also includes Duplex units, Pent Heights units and a shophouse block at the base of the towers. Facilities are concentrated in the podium and rooftop levels, with a sea-facing infinity pool, an elevated skywalk, a rooftop garden, a gym, a yoga area, a children's play area and a BBQ zone.

The architecture follows an Art Deco style combined with elements of local culture. On progress, both towers topped out on 17 January 2026 and the project is now in the fit-out stage, with handover expected in Q4 2026.

About the developer. The project is developed by Cong ty TNHH Dau tu Xay dung Phu My - Quy Nhon (tax code 4101427606), whose head office is at 145A Tran Hung Dao, the project site itself.

It is a local company focused on this Quy Nhon project rather than spreading itself across many provinces. Total investment in Simona Heights has been announced at around VND 1,000 billion.

For buyers, the point worth noting is that the structural work is finished and the project has moved into fit-out - the biggest construction-timeline risk is already behind it - but you should still ask to see the full legal file, the construction permit and the written confirmation that the project is eligible to sell off-plan housing before parting with any money.

Who is it for? Owner-occupiers in Quy Nhon and the neighbouring wards and communes who want a central apartment close to the beach, with lifts and self-contained facilities, instead of an older shophouse.

Investors running short- and long-term rentals aimed at tourists and at professionals working in the Nhon Hoi Economic Zone, where the 44 sqm 1BR+ (First Heights) and dual-key units are usually preferred because the entry ticket is lower and they are easier to operate.

Foreign buyers may purchase within the 30% cap per tower with a 50-year ownership term, but should check how much of the foreign quota is still open before placing a deposit.

On pricing. The indicative price published by distribution agents is from around VND 40 million/sqm, handed over fully fitted with high-end furniture.

Converted by unit size, a 44 sqm 1BR+ works out at roughly VND 1.76-1.8 billion, and a 65 sqm 2BR at roughly VND 2.4-2.6 billion (the market has recorded asking prices of around VND 2.4 billion for 2BR units).

This is aggregated data updated in August 2026, so it may differ from the official price list of any given sales release, and it also changes with floor level, view and unit type; the developer does not publish a price list on its website.

Happy Land can provide the original price list for each sales release, the developer's remaining inventory by tower and by floor, the discount and payment policies currently in force, and the bank loan packages being applied.

Please contact us for the latest price list and available inventory before you make a decision.