PriceIndicative pricing from about VND 37 million/m² (CafeLand, updated 04/2026); villa price levels in the Phuoc Thang area start from VND 49 million/m² (VnExpress, 10/2025). The official price list for each release is announced by HODECO at the time of launch.
Price/m²Từ khoảng 37 triệu đồng/m² theo dữ liệu CafeLand cập nhật 04/2026 (tham khảo); mặt bằng giá biệt thự khu vực Phước Thắng từ 49 triệu đồng/m² (VnExpress, 10/2025) - đây là mặt bằng chung của khu vực, không phải bảng giá chính thức của dự án
Size100 - 385 m² (nhà liên kế 100 - 157 m², biệt thự 239 - 385 m²)
HandoverPhase 1 is being handed over in stages (townhouse rows LK4, LK5, LK7 and LK9 are complete and already occupied); Phase 2, covering nearly 22 ha, is expected to start from 2027
Scale49 ha (Phase 1 covers 27.2 ha, building density 46.49%): 490 townhouses, 213 villas and one apartment block of about 400 units; total Phase 1 investment of about VND 2,400 billion
Overview
About The Light City
The Light City (legal name: Hai Dang Residential Area) is a 49-hectare township developed by HODECO on Chi Lang Street in Phuoc Thang Ward - the former Ward 12 of Vung Tau City, now part of Ho Chi Minh City. Phase 1 covers 27.2 ha with a building density of 46.49% and total investment of about VND 2,400 billion, with a product mix of 490 townhouses (100 - 157 m²), 213 villas (239 - 385 m²) and one apartment block of roughly 400 units. Note that this is the product mix for Phase 1 as a whole, not the inventory currently on sale: at present the developer is offering low-rise products only, and the high-rise component has not been launched. This is one of the few townships in Vung Tau that is already occupied, with technical infrastructure substantially complete and part of the amenity set already in operation.
As of Q1 2026, HODECO had invested more than VND 980 billion in the project. Iris Center Park, Olympus Park and the ITF-standard tennis courts are complete; the pickleball courts broke ground in October 2025; a school and a medical centre are being developed through partnerships. On the low-rise side, townhouse rows LK4, LK5, LK7 and LK9 have been completed and handed over in stages, and residents have moved in. On the sales side, the developer has designated The Light City as a key project for 2026 and is finalising the procedures to launch the third and fourth releases covering the remaining townhouse and villa stock in Phase 1. Phase 2, covering nearly 22 ha, is expected to begin from 2027.
**On pricing.** The developer has not widely published an official price list for the new releases, so the figures below are indicative only. CafeLand (updated 04/2026) records project pricing from about VND 37 million/m². VnExpress (10/2025) reports that villa prices in the Phuoc Thang area start from VND 49 million/m² - this is the general price level for the area, not a price list specific to The Light City. On listing portals, townhouses commonly start from around VND 5 billion per unit, including listings of developer inventory quoted at about VND 7.9 billion for units of 100 - 102 m². The spread between sources is wide, so we recommend contacting Happy Land to cross-check against the original price list HODECO releases for each phase.
**On the developer.** HODECO - Ba Ria - Vung Tau House Development Joint Stock Company (ticker HDC, listed on HOSE since October 2007) began as a state-owned enterprise established in 1990 and was equitised in 2001. It is a long-established developer with a large market share in the former Ba Ria - Vung Tau province. On the legal side, the project holds 1/500 detailed planning approval No. 6817/QD-UBND dated 11 September 2018 and a construction permit issued in August 2019, and it settled its Phase 1 land use fee obligation (more than VND 545 billion) in 2021; in July 2023, more than 100 products were confirmed as eligible for sale. The developer says it is focused on completing the procedures needed to offer new inventory during 2026, while working with the authorities on an overpayment of land use fees of more than VND 150 billion. Vietcombank finances the project, alongside HDBank, Vietbank and PVcomBank, which provide buyer credit.
**Who is it for?** The project suits families in Vung Tau and the surrounding area looking for a genuine home in a properly master-planned township with an operating management board and amenities already running. It also suits medium- to long-term investors who want to hold landed property in a coastal city, ahead of the Bien Hoa - Vung Tau Expressway and Long Thanh airport. Compared with coastal villa pricing in Long Hai - Ho Tram (where some projects reach VND 126 million/m²), the price level in Phuoc Thang (from VND 49 million/m² according to VnExpress, 10/2025) still leaves room. Conversely, it is not yet the optimal choice for buyers seeking immediate short-term rental cash flow, as the area is still filling up with residents.
Happy Land updates the original price list and inventory directly from HODECO for each release, together with payment schedules, bank loan support programmes and the list of remaining units by townhouse and villa row. Please contact Happy Land for the latest price list and for advice on choosing the unit that fits your needs.
The Light City gallery
Location
Location & connectivity
📍 Phuoc Thang Ward (formerly Ward 12, Vung Tau City), Ho Chi Minh City
The Light City sits on Chi Lang Street in Phuoc Thang Ward - the former Ward 12 of Vung Tau City, which became part of Ho Chi Minh City after Ba Ria - Vung Tau province was merged into the city in 2025. The site is at the northern gateway to Vung Tau, adjoining and conveniently connected to the two main external arteries, National Highway 51B (2 Thang 9 Street) and National Highway 51C (3 Thang 2 Street), at the point where the three functional zones of Chi Linh - Cua Lap, North Vung Tau and North Phuoc Thang meet. According to the developer, central Vung Tau is about 15 minutes' drive from the project; the ward market and health station about 5 minutes; and Mega Market, Long Cung Beach and the Chi Linh - Cua Lap tourist area about 10 minutes. At the regional level, the Bien Hoa - Vung Tau Expressway shortens the drive from central Ho Chi Minh City to about 1.5 hours; Ba Ria City is around 12.5 km away; and the coastal road, together with 3 Thang 2 and 2 Thang 9 Streets and National Highways 51B and 51C, forms the area's external road network. Looking further ahead, Long Thanh International Airport and the proposed Thu Thiem - Long Thanh light rail line and metro line serving the Cai Mep - Thi Vai port cluster are expected to further improve access to northern Vung Tau in the years to come.
Central Vung Tau - about 15 minutes' travel
Phuoc Thang Ward market and health station (formerly Ward 12) - about 5 minutes' travel
Mega Market and Long Cung Beach - about 10 minutes' travel
Chi Linh - Cua Lap tourist area - about 10 minutes' travel
Central Ba Ria City - about 12.5 km, 20 minutes by car
Central Ho Chi Minh City via the Bien Hoa - Vung Tau Expressway - about 1.5 hours by car
Long Thanh International Airport - about 60 km via the expressway, about 1 hour by car
A 49-hectare township developed directly by HODECO (HOSE: HDC); Phase 1 spans 27.2 ha, with technical infrastructure substantially complete and residents already living on site
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Phase 1 product mix of 490 townhouses (100 - 157 m²), 213 villas (239 - 385 m²) and one apartment block of about 400 units; the inventory currently on sale is low-rise only, as the high-rise component has not yet been launched
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Located on Chi Lang Street in Phuoc Thang Ward, adjoining and conveniently connected to National Highway 51B (2 Thang 9 Street) and National Highway 51C (3 Thang 2 Street), about 15 minutes from central Vung Tau
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Transparent legal status: 1/500 detailed planning under Decision 6817/QD-UBND dated 11 September 2018, Phase 1 land use fees settled in 2021, and more than 100 products licensed for sale since July 2023; the developer is completing the procedures for the following releases
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The developer is finalising the procedures to launch the third and fourth releases of the remaining townhouse and villa stock in Phase 1 during 2026
Amenities
Amenities
Olympus ParkIris Center ParkITF-standard Hodeco tennis courtsPickleball courts (construction started 10/2025)Swimming poolCommunity cultural houseMulti-level school and medical centre (under development)
🌏 For foreign buyers
For townhouses and villas (landed housing) within a commercial housing project, foreign individuals may own no more than 10% of the total landed houses in each project and a maximum of 250 units within one ward-level administrative unit; the ownership term is 50 years and is renewable. The apartment block is subject to a separate cap of 30% of the total units in each building. Foreigners may not receive transfers of individual land use rights (land plots) within the project. Eligibility must be checked for the property type, project, specific unit and buyer. Read the foreigner guide →
FAQ
Frequently asked questions
What is The Light City?
The Light City (legal name: Hai Dang Residential Area) is a 49-hectare township developed by HODECO - Ba Ria - Vung Tau House Development Joint Stock Company (HOSE: HDC) - on Chi Lang Street in Phuoc Thang Ward, Ho Chi Minh City (formerly Ward 12, Vung Tau City), near National Highway 51B (2 Thang 9 Street) and National Highway 51C (3 Thang 2 Street). Phase 1 covers 27.2 ha with a product mix of 490 townhouses, 213 villas and one apartment block of about 400 units, and total investment of about VND 2,400 billion; the inventory currently on sale is low-rise, as the high-rise component has not yet been launched.
How much does The Light City cost?
The developer has not widely published an official price list for the new releases. According to CafeLand data updated in April 2026, indicative project pricing starts from about VND 37 million/m². VnExpress (10/2025) reports villa prices in the Phuoc Thang area from VND 49 million/m² - this is the general price level for the area, not a price list specific to the project. On listing portals, townhouses commonly start from around VND 5 billion per unit. Official pricing for each release is announced by HODECO at the time of launch; please contact Happy Land for the latest price list and available inventory.
Can foreigners buy at The Light City?
Yes, but within the limits set by law. For townhouses and villas (landed housing) in a commercial housing project, foreign individuals may own up to 10% of the total landed houses in the project and no more than 250 units within a single ward-level administrative unit, for a term of 50 years that can be renewed. For the apartment block, the cap is 30% of the total units in each building. Foreigners may not receive transfers of individual land use rights (land plots) within the project. Ownership is recorded on Vietnam's certificate of land use rights and assets attached to land, commonly known as the pink book (so hong).
What is the price of The Light City?
The Light City is priced Indicative pricing from about VND 37 million/m² (CafeLand, updated 04/2026); villa price levels in the Phuoc Thang area start from VND 49 million/m² (VnExpress, 10/2025). The official price list for each release is announced by HODECO at the time of launch. (around Từ khoảng 37 triệu đồng/m² theo dữ liệu CafeLand cập nhật 04/2026 (tham khảo); mặt bằng giá biệt thự khu vực Phước Thắng từ 49 triệu đồng/m² (VnExpress, 10/2025) - đây là mặt bằng chung của khu vực, không phải bảng giá chính thức của dự án). Contact Happy Land for the detailed price list and current available units.
Who is the developer of The Light City?
The Light City is developed by HODECO - Công ty Cổ phần Phát triển Nhà Bà Rịa - Vũng Tàu (HOSE: HDC), located in Phuoc Thang Ward (formerly Ward 12, Vung Tau City), Ho Chi Minh City. Project scale: 49 ha (Phase 1 covers 27.2 ha, building density 46.49%): 490 townhouses, 213 villas and one apartment block of about 400 units; total Phase 1 investment of about VND 2,400 billion.
What stage is The Light City at and when is handover?
The Light City is currently selling now. Expected handover: Phase 1 is being handed over in stages (townhouse rows LK4, LK5, LK7 and LK9 are complete and already occupied); Phase 2, covering nearly 22 ha, is expected to start from 2027. Contact Happy Land for the latest construction progress and available units.
Where is The Light City and what is nearby?
The Light City is located in Phuoc Thang Ward (formerly Ward 12, Vung Tau City), Ho Chi Minh City. Notable connections and amenities: Central Vung Tau - about 15 minutes' travel; Phuoc Thang Ward market and health station (formerly Ward 12) - about 5 minutes' travel; Mega Market and Long Cung Beach - about 10 minutes' travel; Chi Linh - Cua Lap tourist area - about 10 minutes' travel.
Can foreigners buy The Light City?
For townhouses and villas (landed housing) within a commercial housing project, foreign individuals may own no more than 10% of the total landed houses in each project and a maximum of 250 units within one ward-level administrative unit; the ownership term is 50 years and is renewable. The apartment block is subject to a separate cap of 30% of the total units in each building. Foreigners may not receive transfers of individual land use rights (land plots) within the project. Happy Land helps check buyer eligibility, project documents and the specific unit before a transaction.
Vung Tau, Greater Ho Chi Minh City — Long Thanh Airport corridor
1–2 bedroom condotels (≈44–91 m²); beachfront villas 350–500 m² 23 ha mặt biển Bãi Sau / Chí Linh, đường 3/2
From around 2.9 billion VND per condotel unit (approx. 42–48 million VND/m²); villas from around 60 million VND/m². Reference prices only — contact Happy Land for the official price list.View details →
3–5 bedrooms depending on townhouse/villa model Nhà phố 100–126 m² sàn (đất 5–6×20m); biệt thự song lập ~143 m² sàn (đất 7,5–10×20m); đơn lập đất 8–12×20–25m
From about 5 billion VND (townhouse/shophouse); semi-detached villas ~7–9 billion VND; single villas from ~12 billion VNDView details →
Công ty CP Phát triển Thành phố Xanh (thành viên Tập đoàn Vingroup) – thương hiệu Vinhomes · Townhouses, shophouses & villas within a master-planned township
Hau Nghia commune (formerly Hau Nghia town, Duc Hoa district, Long An province), Tay Ninh province
Townhouses and terraced homes are 4 storeys; bedroom counts and villa storey counts vary by house type (contact us to confirm) Đất 60 – 250 m², diện tích xây dựng 173 – 400 m² (nhà phố/liền kề phổ biến 75 – 110 m² đất)
Townhouses and shophouses from about VND 5 billion per unit (all-in, VAT included; 2026 update); terraced units commonly VND 5.5-10 billion per unit, equivalent to roughly VND 65-85 million per m2 of land. Prices announced at the first launch in June 2025 started from VND 4.79 billion per unit.View details →
Selling now Eligibility: ask 
