The Five Star Poseidon and Five Star Odyssey projects are located along Thùy Vân Street, the most vibrant coastal route in Vũng Tàu’s ward (Ho Chi Minh City). This area boasts a high density of tourists and is considered one of the last remaining prime land plots. Once completed, these projects will introduce a new cluster of high-rise buildings along the coastline, transforming the skyline and creating a new identity for this coastal city.
The total investment for both Poseidon and Odyssey projects is announced at over 10,000 billion VND. This substantial capital covers land clearance, infrastructure development, construction, finishing, and service amenities. With such scale, these projects are expected to become significant economic and tourism landmarks in Vũng Tàu in the coming years.
According to distribution channels, the expected price for Five Star Odyssey apartments ranges from 90 to 120 million VND per square meter, depending on the view and floor level. For Poseidon, the anticipated price is over 100 million VND per square meter, higher than the surrounding area in Thùy Vân. These prices reflect the potential for value appreciation and rental exploitation once the high-end tourism infrastructure is completed.
The Five Star Poseidon project is designed to face directly toward the sea, with high-rise floors offering panoramic views of Thùy Vân. With a total investment of nearly 3,500 billion VND, the project includes apartments, a hotel, and a range of five-star amenities as announced by the developer.
Poseidon features a pedestrian tunnel directly connecting to Thùy Vân Beach. This design ensures safe passage for residents and tourists, eliminating the need to cross the busy road while enhancing the building’s overall utility. Such a feature is rare among coastal projects in Vietnam.
Adjacent to Poseidon, the Tam Thắng Square is planned as a public space for outdoor events and open sea views. The spacious square, combined with greenery and walkways, will become a popular stop for both tourists and residents. Once operational, it will boost commercial and service activities around the tower.
On-site observations reveal that the Poseidon land is undergoing landfilling, with rollers and excavators operating continuously. The completion of land preparation marks the project’s transition to the foundation construction phase.
Five Star Odyssey is designed to reach 50 floors with 4 basement levels, making it the tallest building in Vũng Tàu upon completion. The seaside facade and city-connected rear create a large-scale residential and resort complex. Being the tallest structure in the area not only symbolizes prestige but also enhances commercial value and secondary market prices.
At the Five Star Odyssey site, the land is newly fenced with natural grass and soil still present, and landfilling has not begun. The slower progress compared to Poseidon indicates the developer’s phased approach to manage resources and timelines, a common strategy for multi-trillion VND projects.
Both Poseidon and Odyssey towers are engineered to withstand strong winds and Vũng Tàu’s salty coastal environment. The steel-reinforced concrete structure and deep anti-settling system ensure durability in sandy coastal foundations. These essential yet costly technical features guarantee safety and longevity for these large-scale projects.
Upon completion, the Five Star Odyssey and Five Star Poseidon projects will provide over 2,000 luxury apartments and 600 hotel rooms. This supply will significantly enhance the high-end accommodation options in the Thùy Vân area, balancing the supply-demand dynamics of the resort market. Investors should consider average rental rates and seasonal occupancy when evaluating investment returns.
Moreover, Thùy Vân Street will gain a modern cluster of buildings, becoming a new landmark for Vũng Tàu. Nearby projects will benefit from increased land value and tourist traffic. With their scale, location, and height, Poseidon and Odyssey will not only add luxury supply but also redefine coastal urban development standards for the next decade.
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