Status: actively in progress, not yet confirmed. The developer has confirmed it is working to open Sun Galaxy Complex to foreign buyers, but the exact ownership or contract mechanism has not yet been officially published. This guide explains the two routes available to international buyers in Vietnam, the comparable model used by Nobu Residences Da Nang, and exactly where things stand for Sun Galaxy Complex today.
How International Buyers Can Participate in a Vietnamese Branded Residence
Two broad routes exist for a foreign national or foreign entity to hold a stake in Vietnamese residential real estate. Which route applies depends on the individual project — it is not a personal choice made at the time of purchase.
Route 1 — Ownership certificate ("sổ hồng"), subject to legal quotas
Under Vietnam's Housing Law 2023 (effective 1 August 2024) and Decree 95/2024/ND-CP, eligible foreign individuals and organisations may hold a standard ownership certificate for an apartment. This route is capped by law: foreign owners cannot collectively hold more than 30% of the apartments in a single building, and an individual's ownership term is 50 years from the certificate date, renewable once for a further 50 years.
Crucially, this route only applies to housing projects the city has specifically opened for foreign ownership — it is not automatic across every project. In Da Nang, the Department of Construction periodically publishes a list of eligible projects. The most recent list reported in the press (27 November 2024) named four projects, totalling over 1,700 units, in Son Tra and Ngu Hanh Son districts — the same district as Sun Galaxy Complex.
Route 2 — Long-Term Lease Agreement, independent of the ownership quota
A second route, increasingly common for branded hospitality residences in Vietnam, sits outside the ownership quota entirely. Instead of a title deed, the buyer signs a Long-Term Lease Agreement (LTLA) tied to a professionally operated rental program — holding usage and income rights rather than freehold title. Because it is a lease and income-rights structure rather than an ownership certificate, it is not limited by the 30%-per-building cap. This is the route used today by Nobu Residences Da Nang, explained below.
The Nobu Residences Da Nang Comparison
Nobu Residences Da Nang — a Sun Group-linked project on My Khe Beach, operated by Nobu Hospitality — sells to foreign buyers today through this Long-Term Lease Agreement structure. Buyers, Vietnamese and foreign alike, hold usage and income rights through a lease tied to Nobu's operated rental program, reported at up to 25 years of professional operation plus a number of complimentary stay nights each year, rather than through a standalone ownership certificate.
We reference Nobu Residences here only as an external, independently reported comparable — not as confirmation of Sun Galaxy Complex's own mechanism. See the next section for what is and is not confirmed for Sun Galaxy Complex specifically.
Sun Galaxy Complex: Current Status for Foreign Buyers
Sun Galaxy Complex has not yet appeared in a published Da Nang list of foreign-ownership-eligible projects. That is a timing gap, not a rejection: groundbreaking took place on 25 July 2026, after the most recent list reported in the press (November 2024).
The developer has confirmed directly to us that it is actively finalising the documentation needed to open Sun Galaxy Complex to foreign buyers. The project's planned two-track product structure — investment/operated units handed to the management company, alongside owner-occupied units — is expected to follow a model comparable to Nobu Residences. However, Sun Galaxy Complex's specific ownership or lease mechanism, revenue terms and legal structure have not yet been officially published. Treat this as the developer's stated direction, not a finalised legal position.
We do not make ownership or eligibility claims ahead of official confirmation. Contact us in English for the latest verified update before making a purchase decision.
Practical Process for International Buyers
- Remote enquiry: initial unit selection and pricing can be handled remotely with our English-speaking team — no need to be in Vietnam to start.
- Viewing trip: most international buyers still prefer an in-person visit before signing. A model apartment is planned at the project's sales gallery; contact us for the current opening timeline.
- Reservation: an indicative booking amount is currently shown at 50 million VND — confirm the current figure and process with our team, as this is set by the sales office and may be updated.
- Payment structure: the project's staged-payment policy, Sun Early Key, is explained below and applies to the payment schedule — separately from foreign-buyer eligibility.
- International payment: the applicable transfer currency and process will be confirmed by our team and your bank at contract stage — this depends on the final ownership/lease mechanism, which is not yet published.
- Documents: a valid passport is the baseline requirement for any foreign-buyer route in Vietnam; further documentation will be confirmed once Sun Galaxy Complex's mechanism is finalised.
Sun Early Key: The Project's Payment Structure
Sun Early Key is Sun Galaxy Complex's staged-payment policy: around 70% of the unit value is paid across the first 24 months, in smaller instalments, followed by handover with 100% of the asset transferred, then the remaining 30% is paid over the next 24 months — while the unit can already be rented out. The stated total return across the cycle is equivalent to 120% of the unit value in combined payment and early operating value, under the slogan "Own first – Operate first – Settle last."
This is a payment schedule, not a foreign-eligibility mechanism — the two are confirmed separately, as explained above. Full policy detail (in Vietnamese) is available at galaxycomplexdanang.vn/chinh-sach/.
Costs to Plan For
Beyond the unit price, plan for standard transaction costs at contract stage — registration fees, applicable taxes, and, for operated/investment units, the management and revenue-sharing terms set out in the contract. Because Sun Galaxy Complex's foreign-buyer mechanism is still being finalised, a precise cost breakdown for international buyers is not available yet. Our English-speaking team can walk you through current, confirmed figures once you are ready to proceed.
Sources, checked 13/08/2026: general foreign-ownership framework — Housing Law 2023 and Decree 95/2024/ND-CP, summarised via DEDICA Law; Da Nang eligible-project list — VnEconomy (27/11/2024), cross-checked against VietnamPlus; Nobu Residences Da Nang foreign-buyer structure — oneday.com.hk, MVP Vietnam, cross-checked against Savills Vietnam. Sun Galaxy Complex-specific facts confirmed directly by the developer, 13/08/2026.
Frequently Asked Questions
Can foreigners buy at Sun Galaxy Complex today?
Not yet through any officially confirmed mechanism. The developer has confirmed it is actively finalising the documentation to open the project to foreign buyers, but Sun Galaxy Complex has not appeared on any published eligible-project list, and the final ownership or lease structure has not been officially announced. Contact us in English for the latest verified update before making a decision.
What is the difference between an ownership certificate and a Long-Term Lease Agreement?
An ownership certificate ("sổ hồng") is a title deed: foreign owners are capped at 30% of a building's apartments and a 50-year term, renewable once. A Long-Term Lease Agreement (LTLA) gives usage and income rights through a professionally operated rental program instead of title, and is not subject to the 30% quota — this is the route used by Nobu Residences Da Nang.
Will Sun Galaxy Complex use the same Long-Term Lease Agreement model as Nobu Residences?
The developer has indicated the investment/operated-unit track is expected to follow a comparable model, but this has not been officially confirmed for Sun Galaxy Complex. We reference Nobu Residences as an external comparable project, not as confirmation of Sun Galaxy Complex's final structure.
Can I reserve or buy remotely, without visiting Vietnam?
Initial enquiries and unit selection can be handled remotely with our English-speaking team. Most international buyers still prefer an in-person viewing trip before signing; contact us in English and we can plan either path with you.
What is the Sun Early Key payment policy, and does it apply to foreign buyers?
Sun Early Key is the project's staged-payment policy: around 70% of the unit value paid across the first 24 months, followed by handover, then the remaining 30% paid over the next 24 months while the unit can already be rented out. It is a payment structure, not a foreign-eligibility mechanism — those are confirmed separately, as explained above.
Where can I check the latest official list of Da Nang projects open to foreign ownership?
Eligible-project lists are published periodically by the Da Nang Department of Construction; independent press coverage is currently the most accessible way to track updates, and we cite the most recently reported list in this guide. Because these lists change, always confirm current status directly with our team or the developer before signing.
