Sun Group-led Bình Quới - Thanh Đa megaproject in Ho Chi Minh City to be revived after more than 30 years of delays

Only a few kilometers from downtown Ho Chi Minh City, the Bình Quới – Thanh Đa peninsula (Bình Quới Ward) was once planned to become a modern ecological urban area. However, after more than 30 years of stalled planning, the site still looks like a suburban fringe, contrasting sharply with the rapid urbanization of neighboring areas.

According to a VTC News reporter, Thanh Đa peninsula has three sides facing the Saigon River. The location is often described as “golden land,” but inside the peninsula there is a mosaic of dilapidated low-rise housing, ponds, gardens, and abandoned vacant plots.

Long-stalled planning and daily-life impacts

Infrastructure shortcomings are only part of the problem. The long-running planning has also directly affected residents’ lives. Many houses cannot be rebuilt or repaired due to planning constraints. Although the land area is large, changing its intended use is difficult.

Empty plots have become overgrown and water-logged, worsening living conditions. Even where residents want to farm or shift land use, legal obstacles make it hard to do so. To generate income, many households use water surfaces within the land to rent out as fishing ponds or for lotus cultivation.

Mobility is also limited: small, narrow roads on the Thanh Đa peninsula make it difficult for residents to move around.

Ho Chi Minh City approves new urban area project in early 2026

After a long wait, the Bình Quới – Thanh Đa peninsula is at a turning point as Ho Chi Minh City approved the Bình Quới – Thanh Đa New Urban Area project in early 2026. The project will be implemented by a consortium of Sun Group affiliates, with total investment of around 98.8 trillion VND.

Under the plan, the project covers nearly 424 hectares, with an expected population of about 54,000 people. More than 406 hectares will be developed, while the remainder will be reserved for landscape improvements. The urban area is intended to be developed together with housing, commercial-services, and complete technical and social infrastructure.

Planned components and housing scale

The proposed components include medical facilities, education, culture and sports, tourism, hotels, offices, parks, greenery, theme parks, and a marina. The total housing stock is about 25,526 units, including apartments, townhouses, villas, social housing, and resettlement housing. Social housing land accounts for 20% of housing land as required by regulations.

Timeline, operating term, and funding structure

The project has a 50-year operating term. Implementation is expected to take about 10 years from finalizing procedures to construction and operation.

Funding includes more than 14.8 trillion VND in equity from investors, with the remainder raised from credit institutions.

Residents’ expectations and city requirements

Restarting the project has raised expectations among local residents after years of impact from stalled planning. Many households want fair compensation, support, and a resettlement plan to ensure a stable and convenient new home for their livelihoods.

In addition, many residents hope for on-site or nearby resettlement to preserve the long-standing community. This is viewed as a key factor for achieving broad agreement during implementation.

Ho Chi Minh City People’s Committee requires the investor to fully deliver technical infrastructure and social infrastructure, and to ensure cohesive connectivity with the surrounding area, while complying with relevant laws, not transferring the project illegally, and safeguarding residents’ legal rights.