Updated: 30 September 2026
Elyse Island legal status & progress
Paragon Đại Phước Urban Area is developed by Paragon Đại Phước Company (Nam Long Group × NNR), with its legal documents disclosed under Form No. 9. Below are the key documents and what buyers should check before paying a deposit.
Legal milestones
| Date | Document / event |
|---|---|
| 11/2004 | Đồng Nai Provincial People’s Committee issues the land allocation decision (Decision 5510) |
| 06/2022 | Approval of the 1/500 detailed plan for Subzone 8 — Phase 2 (Decision 1769) |
| 10/2024 | Approval of the adjusted investment policy (Decision 3032) & 3rd amended investment registration certificate |
| 10/2025 | Construction of the housing component (333 homes) begins after design appraisal notice 2549/SXD |
| 12/2025 | Official launch of Elyse Island — first release of Zone C |
Conditions for transactions
| Item | Status |
|---|---|
| Land-use right certificates | Issued for Areas B & C (certificate for each land parcel) |
| Approval to sell off-plan housing | Zone B — document 1078/SXD |
| Bank guarantee | Guarantee contract signed (HDCBL 0178) |
| Ownership | Long-term ownership — applies to Vietnamese nationals |
* According to documents disclosed by the developer. The legal status of each plot should be checked against the originals before signing.
Construction & handover
Construction of the homes began in October 2025. Under the standard 12-month payment schedule published for the December 2025 release, handover is expected in December 2026 (some sources: 2027); the final 5% is paid on receipt of the ownership certificate (sổ hồng). See the Price list for the payment schedule.
A construction progress video is on the home page; Happy Land can send the latest site photos via Zalo.
What to check before paying a deposit
- Which zone your plot is in, and whether that zone has the approval to sell off-plan housing.
- The bank guarantee letter for your exact unit — the issuing bank and the scope of the guarantee.
- A copy of the land-use right certificate for the land parcel containing your plot.
- The payment schedule and handover date written in the sale and purchase contract (not only in marketing materials).
Foreign buyers
⚠ According to the developer’s materials, long-term ownership applies to Vietnamese nationals. The available documents do not state a policy for foreigners, so Happy Land does not make claims on the developer’s behalf — please contact us so we can verify in writing before you pay a deposit.
Get the official price list & available units
Available units and sales policies change with each release. Message Happy Land on Zalo to receive the developer-issued price list, detailed plans and the legal documents for the exact plot you are interested in — free of charge. We reply in English.
Frequently asked questions
Does Elyse Island have a sales approval?
Zone B (River Villas) has the document confirming eligibility to sell off-plan housing (1078/SXD) and a bank guarantee contract (HDCBL 0178). For any plot, ask for the document covering that exact zone before paying a deposit.
Does Elyse Island have land title?
Land-use right certificates for Areas B and C have been issued (one for each land parcel). Ownership certificates for individual homes are issued after handover; the final 5% is paid when you receive yours.
When will Elyse Island be handed over?
Under the standard 12-month payment schedule of the December 2025 release, handover is expected in December 2026; some sources say 2027. The exact date is set in the sale and purchase contract.
What type of ownership does Elyse Island offer?
Long-term ownership, applicable to Vietnamese nationals according to the developer’s materials.
Can foreigners buy at Elyse Island?
The developer’s materials currently state long-term ownership for Vietnamese nationals only. Foreign buyers should contact Happy Land so we can verify in writing with the developer before any deposit.