- Location
- Nam Nha Trang Ward, Khanh Hoa
- Updated
The Fest 2 is the second tower of The Fest, Sun Group’s commercial-service apartment complex on Festival Island – the 116-hectare entertainment district at the centre of the Charmora City township in south Nha Trang. Sun Property announced The Fest in June 2026, and The Fest 2 was launched on 19 July 2026 at Diamond Bay to around 800 guests and 24 sales agencies. The units are aimed squarely at short-stay rental around the island’s shows, fireworks and night market.
Quick facts
| Developer | Sun Group (Sun Property) |
|---|---|
| Location | Festival Island, Charmora City, Nam Nha Trang Ward, Khanh Hoa |
| Festival Island | 116 ha, 7.3-ha stage lake, 5.68-ha fireworks lake |
| The Fest complex | 3 towers of 15–24 floors |
| Unit types | Studios (~29 m²) to 1BR+ (~49 m²) and 2BR |
| Ownership | 50 years (commercial-service apartments) |
| Launch | 19 July 2026 |
| Launch prices | Studios from about 1.6 billion VND |
Who is behind The Fest 2
Sun Group built Ba Na Hills, Sun World and many resort towns, and is developing Charmora City as a series of themed islands in south Nha Trang. Festival Island is designed as the township’s “downtown that never sleeps”, with a VUI-Fest night market like those in Ha Long, Cat Ba and Phu Quoc.
Location: south Nha Trang
Charmora City sits in the Vinh Thai area of south Nha Trang, linked to the Capital Island (planned administrative centre) and the residential Elite Island. Central Nha Trang is a short drive away, and Cam Ranh International Airport is reachable by the coastal road.
Apartments and prices
Most units are studios of about 29–30 m², plus one-bedroom-plus homes of around 49 m² and some two-bedrooms. Official prices started at about 1.6 billion VND for a studio (roughly 55 million VND per m²); listings in September 2026 show one-bedroom-plus units at around 3.2–3.75 billion VND, with long payment schedules.
Amenities
- Water-show and fireworks lakes on the doorstep
- VUI-Fest night market and food streets
- Onsen hot-spring facilities on site
- Japanese garden
- Access to clubhouse facilities on Elite Island
Renting at The Fest 2
The product is built for holiday and short-stay letting. Returns will depend heavily on visitor numbers to Festival Island and on how the operator manages rentals, so buyers should study the rental programme carefully.
Pros and cons
Pros
- Central position on an entertainment island
- Low entry price for studios
- Fireworks and lake views
- Backed by Sun Group’s tourism ecosystem
Cons
- 50-year ownership, not long-term
- Returns depend on tourism traffic
- Large supply of similar small units
Who it suits
The Fest 2 suits investors looking for a low-cost holiday-rental unit in Nha Trang tied to Sun Group’s entertainment district.
Sources and further reading
Figures on this page come from the developer’s published information and local press, including VietnamFinance – The Fest 2 launch, VietnamFinance – The Fest complex, Batdongsan – Festival Island. Prices, handover dates and rental terms change often – always confirm the current details with the developer or a licensed agent before you commit.
Frequently asked questions
What is The Fest 2?
A serviced-apartment tower by Sun Group on Festival Island, Charmora City, south Nha Trang.
When was it launched?
On 19 July 2026.
How much does a studio cost?
Official prices started from about 1.6 billion VND for a studio of around 29 m².
What ownership does it have?
50-year ownership, as it is a commercial-service apartment product.
What is Festival Island?
A 116-ha entertainment district in Charmora City with water shows, fireworks and a night market.