Updated: 30 Sep 2026
Charmora City legal status & timeline
Before paying a deposit, buyers need to know which approvals the project has, what kind of contract they are signing and when they will receive their home. This page summarizes the published legal documents, the process from reservation agreement to SPA, the timeline and the points not yet announced that you should ask about.
Published legal documents
| Document | Content | Date |
|---|---|---|
| First business registration | Project company established | 24 Oct 2025 |
| Notice TB07 | Trade name “Charmora City” notified | Nov 2025 |
| Decision 456/QĐ-UBND | 1/500 detailed plan approved | Dec 2025 |
| Distributor appointment notice | Sun Property (SPR) — a Sun Group member company | Per project materials |
* Per the legal file the developer provides to agents. Scans of each document are available on request.
How buying works: from reservation to SPA
- Step 1 — Reservation agreement (HĐTHNV): register your intent to buy and pay the amount set by the sales policy (apartments from VND 100 million, landed homes VND 300–500 million under the first-round policy).
- Step 2 — Sale and purchase agreement (SPA / HĐMB) once the tower or sub-zone is legally eligible for signing; pay according to the schedule in the SPA.
- Step 3 — Handover on the date in the contract, followed by the ownership certificate (pink book) application.
* Before signing the SPA, ask to see the written confirmation that the off-plan homes in your specific tower or sub-zone are eligible for sale.
SPA signing & handover dates
| Sub-zone | SPA (HĐMB) signing | Expected handover |
|---|---|---|
| The Charm | From 15 Jun 2026 (planned per sales policy) | 31 Dec 2027 |
| The Onsen 1 | Round 1 held 15–30 Sep 2026 (per agents, indicative); dates for later rounds not announced | 31 Dec 2027 |
| The Onsen 2 | Round 1 held 15–30 Sep 2026 (per agents, indicative); dates for later rounds not announced | 31 Jan 2028 |
| The Onsen 3 | Round 1 held 15–30 Sep 2026 (per agents, indicative); dates for later rounds not announced | Not announced |
| The Fest | Not announced | Not announced |
| The Elite | By release | Not announced |
| South Island landed homes | By release | 30 Jun 2027 (shell) |
* SPA signing for the three Onsen towers is per agents (Sep 2026, indicative — no official developer announcement yet); other dates follow the first-round sales policy. Handover dates per the developer's materials; actual progress depends on construction.
Project timeline
| When | Milestone |
|---|---|
| Oct 2025 | Project kick-off, company established, announced to the agent network |
| Dec 2025 | 1/500 plan approved · South Island landed homes launched |
| Jan–Feb 2026 | High-rise launch: The Charm, The Onsen — reservations opened |
| Jun–Sep 2026 | SPA signing: The Charm planned from 15 Jun · three Onsen towers round 1 held 15–30 Sep (per agents, indicative); later rounds not announced |
| 19 Sep 2026 | The Elite landed show homes open |
| 30 Jun 2027 | South Island landed homes shell handover (expected) |
| 31 Dec 2027 → 31 Jan 2028 | Handover of The Charm & The Onsen 1, then The Onsen 2 (expected) |
Pink book, ownership term & foreign buyers
- Pink book: the project is still off-plan and no ownership certificates have been issued. Certificates are applied for after handover as required by law; the exact timing has not been announced.
- Ownership term for each product (apartments, landed homes, The Fest commercial-service apartments): not stated in the materials we hold — check it in the SPA.
- Foreign buyers: under the 2023 Housing Law (Article 19), foreign organizations and individuals combined may own no more than 30% of the apartments in one apartment building, and no more than 250 landed houses in an area with the population of one ward. A foreign individual may own a home for up to 50 years from the certificate date, extendable once for up to 50 more years (Article 20). The foreign quota for each Charmora City tower has not been announced — get written confirmation before paying a deposit.
Frequently asked questions
A reservation agreement registering your intent to buy before the project is eligible for a sale and purchase agreement. Under the first-round policy it is VND 100 million (Studio/1BR/2BR), VND 150 million (3BR) and VND 300–500 million (landed).
The Charm was planned to sign SPAs from 15 Jun 2026 under the sales policy; round-1 SPA signing for The Onsen 1, 2 and 3 was held 15–30 Sep 2026 per agents (indicative); dates for later rounds have not been announced. The Fest has not been announced.
Not yet. The project is off-plan; certificates are applied for after handover as required by law, and the exact timing has not been announced.
Under the 2023 Housing Law, foreign organizations and individuals combined may own no more than 30% of the apartments in one building (landed houses: no more than 250 per ward-sized area); a foreign individual may own for up to 50 years, extendable once for up to 50 more years. The foreign quota of each Charmora City tower has not been announced; get written confirmation before paying a deposit.
Expected: South Island landed homes (shell) on 30 Jun 2027; The Charm and The Onsen 1 on 31 Dec 2027; The Onsen 2 on 31 Jan 2028. The Onsen 3, The Fest and The Elite have not been announced.
Get scans of the legal documents
Message us for scans of the published legal documents and the contract template for the tower you are interested in — explained in English.