Phat Dat Breaks Ground on Qtopia Project

Phat Dat broke ground on the first five towers of the Qtopia project in the Phuoc Hai coastal area of Ho Chi Minh City on November 6.

Located along Vo Thi Sau coastal road, Qtopia spans more than 7.3 hectares and comprises nine 20-storey towers, featuring tourist apartments and commercial-service facilities. Developed under the Resort City model combined with an Entertainment Complex, the project is designed as an integrated destination offering accommodation, entertainment, leisure, retail and dining experiences, expanding its appeal beyond conventional resort stays.

 A Phat Dat representative said the event marks a significant milestone in the Company's implementation of its product diversification strategy and expansion into the tourism and resort real estate segment, as Phat Dat Real Estate Development Corporation (PDR) enters a new phase of growth.

At the ceremony, Mr. Bui Quang Anh Vu, Member of the Board of Directors and Chief Executive Officer of Phat Dat, expressed his expectation that Qtopia would become an iconic integrated destination, offering a seamless chain of experiences from day to night. "This project represents a strategic component of Phat Dat's long-term vision to help shape the next generation of tourism real estate, while laying the foundation for sustainable value creation for customers and partners," Mr. Vu said.

Benefiting from its location amid the coastal scenery of Phuoc Hai Beach and Minh Dam Mountain, Qtopia is well positioned to develop short-stay resort products. Supported by the Ho Chi Minh City – Long Thanh – Dau Giay Expressway, Bien Hoa – Vung Tau Expressway and Ben Luc – Long Thanh Expressway, the project is just over an hour's drive from Dong Nai and approximately 75 minutes from central Ho Chi Minh City. Visitors from provinces in the Mekong Delta can reach the project within approximately two to three hours.

As Ho Chi Minh City expands its development space following the administrative merger, the addition of coastal tourism offerings also creates opportunities to tap into emerging demand for new travel experiences. Mr. Hoang Nguyen Dinh, Member of the Standing Committee of the Ho Chi Minh City Party Committee and Vice Chairman of the Ho Chi Minh City People's Committee, noted that Phuoc Hai has significant potential and natural advantages for developing marine tourism, resort facilities and service activities.

Located within the Long Hai – Ho Tram coastal tourism development corridor, Phuoc Hai benefits from convenient connectivity and opportunities to complement neighboring destinations, contributing to a more diverse tourism network. City leaders expect the area to capitalize on its advantages and develop into a quality tourism and resort destination aligned with the vision of a "weekend city." This is also expected to attract investors and encourage the development of distinctive, competitive tourism products.

Beyond the domestic market, Long Thanh International Airport, with a designed Phase 1 capacity of 25 million passengers annually and scheduled to commence operations by the end of this year, is expected to strengthen international air connectivity for southern Vietnam. This presents an opportunity for coastal destinations to attract a broader visitor base, particularly integrated developments combining accommodation, leisure and entertainment such as Qtopia.

Alongside the groundbreaking of its first five towers, Tram Quay at Qtopia has also commenced operations, offering a range of seaside weekend activities, including giant kite flying, volleyball, BBQ and beer, live music performances and artistic fireworks displays. These initial activities provide additional leisure options for residents and visitors while reflecting Qtopia's vision of becoming a destination that remains vibrant throughout the day and into the night.

Guided by the vision of developing a "weekend city," Qtopia aims to help establish a new tourism and entertainment destination for residents of Ho Chi Minh City and other southern provinces and cities. Beyond expanding leisure experiences for residents and visitors, the project also seeks to stimulate tourism spending, boost the weekend economy and contribute to the city's long-term growth momentum.

Alongside Qtopia, Phat Dat is accelerating the development of its project portfolio this year, with distinct product positioning across various segments. These include Lusso Saigon – the largest WorldHotels Branded Residences development in Asia-Pacific; the Q'Terra tower at Quy Nhon's central square; and Lotte Eco Smart City Thu Thiem, developed in cooperation with Lotte Group, which broke ground in October. These projects reflect the Company's strategy to expand its presence across multiple markets and real estate segments.

Source:  VnExpess.