Sun Costa Residence

Sun Group · My Khe · condo

Starting price

4.5B ₫

Completion

Q4 2026

Launched

May 12, 2025

Units

640

Floors

25

Buildings

2

Product type

Condo

Ownership

Commercial service

Lease ends

2068

Sun Costa Residence is a near-beach apartment complex by Sun Property (Sun Group) at the intersection of Vuong Thua Vu and Ho Nghinh streets, about 200 metres — a two-minute walk — from My Khe beach in Da Nang. The project consists of two 25-floor towers with 640 apartments in total: tower A1 with 380 units and tower A2 with 260 units. Floors one to four are commercial and office space, floor five carries the amenity deck (pool, gym, spa, kids club, library), and residential units run from floor six to twenty-five. Sun Group announced the project publicly on 12 May 2025 and launched sales in the following weeks. The unit mix leans heavily to compact formats — about 60% of apartments are studios, which frames the product as a rental/leisure asset rather than family housing. All units have balconies with sea or city orientation. The ownership structure is the key diligence item: Sun Costa is a commercial-service (condotel-class) asset, not long-term residential housing — the land term runs to 2068. That structure typically prices at a discount to freehold housing and suits buyers optimizing for rental yield near the beach rather than for a permanent title. Listed launch pricing starts around VND 4.5 billion, with distributor materials citing entry pricing from roughly VND 2.45 billion for the smallest formats with staged payment support. The seller's case rests on My Khe beach proximity plus Sun Group's operating footprint in Da Nang (Ba Na Hills, Sun World assets, the airport-adjacent Sun Ponte and Sun Cosmo projects). The bear case is the standard condotel one: legal term, service-operator dependence, and a Da Nang pipeline that keeps adding near-beach supply. What to track before committing: the exact land-lease documentation (2068 end date), handover progress toward the stated Q4 2026 completion, and how actual studio pricing settles between the VND 2.45–4.5 billion range quoted across launch channels.