Explore VietnamReal Estate
Explore Vietnam
1 / 3
Sun Group
Under construction · Developer selling · Pink books 78%
Vũng Tàu's largest integrated coastal urban district — 96.6ha with Sun World water park (2 world records), 860m beachfront, 5-star international hotel brands, and the area's only freehold high-rise apartments
A 96.6-hectare luxury coastal urban development by Sun Group on Vũng Tàu's Back Beach (Bãi Sau), combining long-term ownership apartments, condotels, villas, townhouses, and shophouses with the Sun World Vũng Tàu water park as its centerpiece entertainment attraction.
Better for long-term living than for investing.
Sun Group's biggest coastal bet enters its make-or-break month — Beacon freehold sale opens Apr 19 (95-140M/m², only sổ hồng high-rise in area) and expressway goes fully operational Apr 25. Sun World already drawing visitors. But zero deliveries, Casa delayed to Oct 2026, and 2x pricing premium over local market remain real risks.
| Project | Price | Distance |
|---|---|---|
| The Maris Vũng Tàu | 42M VND/m² (condotel), apartments from 2.7B | 23ha on Chí Linh Beach, same area but 50-60% cheaper condotel pricing. Handover Q4/2026 — some villas entering finishing phase. |
| Aria Vũng Tàu | 40M VND/m² (condotel) | 7.7ha, already delivering, established rental track record but much smaller scale |
| NovaWorld Hồ Tràm | 40-80M VND/m² | Similar coastal resort concept but in Hồ Tràm (further from HCMC), Novaland developer risk higher |
End-user: Mixed project (6.0-6.9): Blanca City is a visually impressive mega resort with Sun Group's best amenities, but it's fundamentally a vacation property — not a primary residence. 70+ min from HCMC, limited local employment, undelivered construction, and steep pricing (2x local comparables) keep this firmly in the 'suitable for certain buyers' band. Strong for weekend/holiday home seekers, weak for daily living.
Investor: Mixed project (6.0-6.9): Strong developer pedigree and real catalysts (expressway opened, water park operational, airport coming) are offset by a steep entry price premium over local market, seasonal Vũng Tàu rental demand, 50-year condotel depreciation, massive supply (9,383 units), and zero delivery track record. Investment returns depend heavily on Sun Group executing the tourism ecosystem vision.
| Developer | Sun Group |
| Construction | Construction |
| Completion | 2027 |
| Total Units | 9383 |
| Towers | 10 |
| Launch Date | 2025-06 |
| Handover | 2027-Q2 |
| Construction Permit | approved |
| Pink Book | partial |
| Pink Book % | 78% |
| Legal Notes | Groundbreaking May 16, 2025. Condotel sales launched June 28, 2025. Beacon Tower officially launched March 14, 2026 with official sale opening April 19, 2026. 78% of Phase 1 units reported with pink books issued. Beacon apartments have long-term ownership (sổ hồng lâu dài). Blanca condotel towers have 50-year ownership. Casa low-rise has long-term ownership. Condotel discount up to 15% (14% early payment + 1% no bank loan), 0% interest support up to 70% for 36 months. Beacon discount up to 8% (7% early payment + 1% no loan) + 3% Early Bird, 0% interest 24 months. |
Blanca City
| CBD (peak) | 90-120 min to HCMC center (weekend/holiday congestion) |
| CBD (off-peak) | 70 min to HCMC center via Biên Hòa - Vũng Tàu Expressway |
| CBD (motorbike) | Not recommended — expressway is car-only, alternate route 90+ min |
| Airport (peak) | 40-50 min to Long Thành International Airport via expressway |
| Airport (off-peak) | 30 min to Long Thành International Airport |
Upper-middle to high-income families, resort investors, and tourism-oriented buyers. Design population of ~13,000 residents and ~11,000 tourists. Mix of weekend/holiday homeowners from HCMC and full-time residents attracted to beachfront lifestyle.
