Over the past 30 years, the Binh Quoi – Thanh Da peninsula, located just 5 km from the city center, has undergone numerous planning adjustments and delays due to changes in investors. In June 2026, Ho Chi Minh City issued a legally binding compensation and resettlement plan, with a land handover deadline of October 31, 2026. When the project is implemented, it will transform the the Saigon River corridor real estate.
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After more than 30 years of delayed planning, the project Binh Quoi Thanh Da development enters actual implementation. On June 1, 2026, the HCMC People’s Committee officially issued Plan No. 257/KH-UBND on compensation, support, and resettlement. This stands as the clearest legal document to date regarding project progress.
The roadmap sets specific milestones:
What makes this attempt different is the accompanying accountability mechanism, not just the schedule. The HCMC People’s Committee requires heads of relevant units to bear direct responsibility for the timeline, strictly permitting no delays. The investor must also prepare full funding and transfer capital on schedule according to the approved plan.
The 30-year delayed planning ends not with a simple announcement, but with a compensation plan containing specific dates.
The Binh Quoi – Thanh Da peninsula is not a standard real estate project. With a total investment of nearly 99,000 billion VND (around 4 billion USD) and a scale of over 423 hectares, this is one of the largest private urban developments in HCMC to date.
See more: Binh Quoi – Thanh Da Project Overview to better understand the planning breakdown, master plan details, and the historical background of Sun Group taking over this mega urban island.
Binh Quoi – Thanh Da is not just an urban project. It signals that HCMC is seriously completing the Saigon River corridor as a strategic development axis from Thu Thiem in the South to the Binh Quoi peninsula in the North.
Over the past 18 months, this corridor witnessed three major events occurring almost simultaneously: the new Thu Thiem administrative center groundbreaking, Metro Line 2 construction start, and now the project officially entering the site clearance phase. These three catalysts are not coincidental; they reflect a consistent city planning direction.
For foreign investors, the key lesson from Binh Quoi is not whether to wait for its completion. The project has a 10-year timeline with no official information on designs or specific products yet. The actual lesson is that when a 4 billion USD urban development is confirmed for implementation, the value of the entire surrounding corridor begins to be repriced.
Clean legal assets located within the Saigon River corridor with immediate cash-generating capacity will be what the market lacks most as Binh Quoi gradually takes shape over the coming years.
Binh Quoi – Thanh Da is not a project to invest in today. It is a signal to read today. When a $4 billion urban development is confirmed on a peninsula 5 kilometers from the city center, the Saigon River corridor real estate as a whole gets repriced. For foreign investors already holding or evaluating assets in Thao Dien, Thu Thiem, or Binh Thanh, this is the kind of structural catalyst that does not announce itself twice.
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