An Khánh JVC (Phú Long / Sovico Group, with Keppel Land partner; original Vinaconex–Posco joint venture)
2 of 9 sub-zones delivered · 7 upcoming
Hanoi's longest-running western township — 264 ha at 14% density, an established Phase 1 community plus active Keppel Land Estiva build-out, anchored by a 6.6 ha lake and 70-story landmark tower.
💰 6 tỷ – 121,5 tỷ📏 167,1 triệu/m²🏗️ 2 of 9 delivered🏢 7751 units
A 264-hectare master-planned township on the western edge of Hanoi at Km 10+600 Đại lộ Thăng Long, originally launched as Splendora Bắc An Khánh and rebranded under Phú Long–Sovico after Posco's exit. Master plan groups 6,440 apartments and 1,311 villas/townhouses across five sub-zones — Splendora, Hồ Vọng Nguyệt, Lumiere Square, Vinh Hoa Phố, Regent's Park — at 14% construction density with 63.6 ha of green space and a 6.6 ha central lake. Keppel Land's Estiva collection (Villa, Charm shophouses, Heights apartments) sits inside the new build-out.
Project news
Estiva Charm breaks ground on 2 July 2026 as first sub-zone of Keppel–Phú Long Estiva
Construction · Jul 2026 · keppel.com
Ring Road 4 service road opens June 2026, easing congestion on Mailand's main artery
Construction · Jun 2026 · domo.vn
New 353-unit 'Four Seasons Mailand' shophouse product launched in Bắc An Khánh
Construction · May 2026 · fourseasonsmailand.com
Area news
Hanoi breaks ground simultaneously on 5 new metro lines on June 22, 2026
Policy · Jun 2026 · dantri.com.vn
Neighborhood
76*
Family Score
Good
Family infrastructure is still thin inside the project today, though external schools are close: St. Paul American School Hanoi is about 350 m away and Edison School An Khánh about 1.4 km. A 5 ha international school campus is planned on-site.
82*
Leisure Score
Excellent
Leisure is serviceable now and set to deepen with the masterplan. Cafés and casual dining sit within about 1 km, and the planned Pont Du Long Bien themed walking street and Mailand Golf Club & Academy would add on-site destinations.
57*
Convenience
Average
Daily convenience is limited today. Supermarkets and banks sit about 1 km away and Vincom Mega Mall Smart City is 3.3 km off; internal daily retail is expected as the project builds out, but no named on-site supermarket is confirmed.
30
Health
Below Avg
Medical access is thin. Only small dental clinics and pharmacies lie within about 1.5 km, and the nearest named hospital, Phuong Dong General Hospital, is 8.2 km away.
10
Transit Access
Below Avg
Walking access to transit is minimal: the nearest bus stop is about 1.1 km away on Đại lộ Thăng Long and the nearest metro station, Nhổn, is 4.3 km away.
12
Commute Ease
Below Avg
1 hr 18 min to Hoàn Kiếm Lake via 107 → 107 → 34. 5 min walk to bus stop, 2 transfers.
2
Nightlife
Below Avg
Nightlife is effectively absent. Evenings are residential, with no bar or club district within walking range.
78
Quietness
Good
The area reads as quiet overall, with low noise ratings. A low 14% construction density and the central lake keep ambient noise down, and few commercial or nightlife sources sit close by.
* Score includes on-site amenities that are planned or under construction, not yet open.
Domo Scores™
7.1
🏠 Homeowner
Solid
6.9
📈 Investor
Solid
Balanced for both homeowners and investors.
Mailand is a settled, low-density West Hanoi township with a lake, an established Splendora community and pricing modestly below luxury peers. The tradeoff is a single-corridor commute and a build-out that is mostly still ahead, with only Splendora and Lakeside Splendora delivered and pink books partly issued.
🏠 Homeowner
Value
7.3
Livability
6.9
Legal & delivery
7.3
Location & connectivity
7
📈 Investor
Value
7.3
Returns & exit
6.3
Legal & delivery
7.3
Location & demand
7.1
Why the scores differ
Homeowner: Pleasant to live in, but not yet convenient. Low density, a 6.6 ha lake, a settled Splendora community and St. Paul American School Hanoi about 350 m away make daily life comfortable for homeowners, while healthcare, transit and daily retail are thin today and the commute runs through a single corridor. Pink books are issued for Splendora but only partly across the project, and most sub-zones are still to be built.
Investor: A patient-capital thesis rather than a yield play. Resale and rental markets exist in Splendora and Lakeside Splendora, but rents are low against prices and villa resale snapshots softened this year, while the upside leans on the Ring Road 4 mainline (2027) and Metro Line 5 (2030). Estiva products are pre-handover with pink books pending.
Price & Market
Current Market Price
167,1 triệu/m²
📈+188% since launch
Market range
63 triệu – 270 triệu/m²
Unit price
6 tỷ – 121,5 tỷ
Rent
7 triệu – 50 triệu/mo
Launch price
58 triệu/m²
Est. Rental Yield0.5%
•🟢 The Ring Road 4 service road opened to technical traffic in June 2026, with the mainline targeted for 2027 and Metro Line 5 targeted for 2030; these address the project's binding commute weakness, but only the service road is operational today.
•🟡 Reference pricing of about VND 167M/m² sits roughly 7% below the luxury peer median of 180M/m²; Hanoi landed averages in CBRE's Q1 2026 data (VND 231M/m² primary, 201M/m² secondary) put Regent's Park primary villas near the primary average and Splendora villa resale below the secondary average.
•🔴 Observed resale snapshots are softening in the landed segment (Splendora villas about 215M to 175M/m², Lakeside Splendora about 220M to 148M/m² on a narrower range), even as CBRE reports Hanoi condominium secondary prices up 21.3% year on year in Q1 2026; treat this as listing mix and thin samples, not a verdict on the wider area.
•🟡 Lifecycle is early for most of the township: Splendora and Lakeside Splendora are delivered, Estiva Charm broke ground in July 2026, and Estiva Villa, Estiva Heights, Hồ Vọng Nguyệt, Lumiere Square and Vinh Hoa Phố have no current price snapshot, so the exit market today is Splendora stock and 77 Lakeside lots.
•🔴 Rents look low against prices, at roughly VND 8-16M/month on Splendora apartments (about 1-3% gross) and 22-50M on villas (under 2%), while CBRE notes Hanoi condominium absorption slipped to 67% in Q1 2026 with floating mortgage rates at 12-15%, which argues for a long-hold rather than yield thesis.
Last updated: October 2026
Is this a good deal?
Project
Price
Distance
Mailand Hanoi City
167,1 triệu/m²
—
Vinhomes Smart City
85 triệu/m²
3.3 km
Should you buy here?
Best for:
✓Families wanting low-density villa or townhouse living in West Hanoi near international schools
✓Homeowners who work in or near western Hanoi and want a settled, handed-over community
Not ideal for:
✗Daily commuters to Hoàn Kiếm or other inner-city districts, where the road commute is 45-60 min at peak
✗Buyers who need a fully built community with hospital, transit and retail today
Market Trends
Reference pricing sits around VND 167M/m², with Splendora villa and 3BR resale snapshots easing in 2026 while Estiva Charm primary pricing was unchanged in its latest early-2026 snapshot.
Decision Factors
Strengths
✓Low 14% construction density with 63.6 ha of green space and a 6.6 ha central lake that doubles as a stormwater retention basin on well-drained ground
✓Splendora is a handed-over community with pink books issued, and St. Paul American School Hanoi is about 350 m away, with a 5 ha international school plot planned on-site
✓The Ring Road 4 service road opened to technical traffic in June 2026 and Metro Line 5 along Đại lộ Thăng Long has been under construction since December 2025
✓Reference pricing of about VND 167M/m² sits roughly 7% below the luxury peer median, and Splendora apartment resale near VND 65M/m² is close to the Hanoi secondary average of VND 62M/m² (CBRE, Q1 2026)
Tradeoffs
!Commuting runs through one artery: about 1 hr 18 min by bus with two transfers to Hoàn Kiếm Lake and 45-60 min by road at peak, with relief still years away
!Daily services are thin today: the nearest named hospital is about 8 km away, the nearest metro station about 4 km, and internal daily retail is expected rather than confirmed
!Most sub-zones are still unbuilt after nearly two decades, so the township is a work in progress rather than a finished community
Watch items
?Pink books are partially issued: issued for Splendora, being issued progressively for Lakeside Splendora after the 2024 handover, and pending for Estiva Villa, Charm and Heights until handover; confirm the certificate type and contract signatory (An Khánh JVC with Keppel Land as co-developer) for each product
?Resale snapshots softened in 2026: Splendora villas moved from about VND 215M to 175M/m² and 3BR apartments from 69M to 65M/m²; Lakeside Splendora's drop is partly a mix effect, so verify recent comps before bidding
?Estiva Charm broke ground in July 2026 and the other Estiva sub-zones are unpriced; confirm the handover schedule and compare against the separate 353-unit Four Seasons Mailand shophouse launch of April 2026
Project Details
Developer
An Khánh JVC (Phú Long / Sovico Group, with Keppel Land partner; original Vinaconex–Posco joint venture)
Status
2 of 9 delivered
Total Units
7751
Legal Information
Construction Permit
Approved
Pink Book
Partial
Legal Notes
Master plan 1/500 approved on 264.13 ha (originally 2007 under Vinaconex–Posco; adjusted under Phú Long after acquiring control via An Khánh JVC). Splendora Phase 1 villa and CH101–CH104 apartment owners hold pink books; Lakeside Splendora pink-book issuance is in progress following 2024 handover. Estiva sub-zones (Villa, Charm, Heights) are pre-handover and sold under An Khánh JVC master license with Keppel as co-developer — buyers should confirm certificate type and signatory per product line. October 2026 search found no legal disputes, pink-book blocks, or permit suspensions.
Amenities
👨👩👧Family: 5 ha international school plot inside the boundary, multiple kindergartens at sub-zone level, plus a 13.1 ha total education land budget across the master plan.
🏋️Fitness: On-site golf academy, multiple tennis and multi-purpose courts, and Estiva Heights' planned sky pool deck supplement standard sub-zone gyms and pools.
🏖️Lifestyle: Vinh Hoa Phố commercial street, central 6.6 ha lake, themed gardens, contemporary art exhibition spaces, and a Long Bien-themed walking promenade serve as the lifestyle spine.
🛒Convenience: Direct Đại lộ Thăng Long access, on-site shopping mall, 24/7 security, and adjacency to Vinhomes Smart City retail and AEON Hà Đông cover daily needs.
Pets🌳 Garden🔥 BBQ Area🧒 Play Area🔒 Security🅿️ Car Parking🎾 Tennis Court🏀 Basketball CourtShophouse Street🏍️ Motorbike Parking⚽ Multi-Purpose Court
A mix of Hanoi professionals working in Mỹ Đình, Cầu Giấy and the inner city, expat families drawn by nearby international schools, and second-home owners upgrading from older Hà Đông and Mỹ Đình neighborhoods. The original Splendora sub-zone has a settled, mature community, while the newer Lakeside Splendora and Estiva sub-zones skew younger and more aspirational.
Things to consider (not deal breakers)
⚠️ Traffic
Đại lộ Thăng Long is the single dominant artery — peak-hour traffic backs up at the Trung Hòa juncti...
Đại lộ Thăng Long is the single dominant artery — peak-hour traffic backs up at the Trung Hòa junction and the An Khánh underpass. Lê Trọng Tấn extension and Ring Road 3.5 ease side trips into Hà Đông but do not relieve the inbound CBD flow.
→ Ring Road 4 alignment passes within 3 km west of the project — the service-road technical opening in June 2026 now diverts long-haul inter-provincial traffic off Đại lộ Thăng Long; the mainline expressway remains under PPP-funded construction, targeted for 2027 ahead of APEC Vietnam. Metro Line 5 (Văn Cao – Hòa Lạc), running along Đại lộ Thăng Long with planned stations near Hoài Đức, broke ground in December 2025 and targets revenue operations in 2030.
🌊 Flood Risk
Sitting on raised An Khánh ground above the Đáy River basin, the township itself drains well. Heavy ...
Sitting on raised An Khánh ground above the Đáy River basin, the township itself drains well. Heavy rains affect the Đại lộ Thăng Long underpasses 5-10 km east toward inner Hanoi rather than the project interior.
→ Internal stormwater is captured by the 6.6 ha central lake which doubles as a retention basin; surrounding land is well above flood elevations recorded for the Đáy River.
Deepest resale market in the township: apartments around VND 65M/m² (63-66M) in October with 3BR easing from 69M, villas about 175M/m², and apartment rents of roughly 8-16M/month.
No current price snapshot yet for this commercial-spine sub-zone.
View details →
Notable Places
6.6-hectare central lake
6.6 ha artificial lake forming the spatial anchor of the master plan and a stormwater retention basin for the township. Lake-frontage drives the price premium on Lakeside Splendora villas and Hồ Vọng Nguyệt sub-zone product.
Contemporary Art Exhibition & Innovation Museum
Cultural anchor in the Lumiere Square sub-zone aligned with Hanoi's UNESCO Creative City program. Provides programming and gallery space rare in Hanoi township masterplans.
Home Hanoi Xuan flower street (annual cultural event)
Annual Tết flower-street installation hosted on-site by Phú Long — the township's signature cultural draw and a marketing event used to position Mailand as a public destination, not just a residential precinct.
Iconic Tower (planned 70-storey landmark)
70-storey landmark tower in the master plan, sized to be among the tallest buildings in Greater Hanoi. Anchors the Estiva Heights cluster as the project's defining skyline element.
International school campus (5 ha)
5 ha plot reserved for an international school campus inside the township boundary — a meaningful buyer hook because it removes daily school-run commuting to Vinhomes Smart City or Hà Đông international schools.
Mailand Golf Club & Academy
On-site golf club and practice academy — rare for a Hanoi township and a meaningful differentiator versus Vinhomes Smart City or Geleximco An Khánh which lack on-site golf.
Pont Du Long Bien themed walking street
Themed pedestrian promenade modeled on the Long Biên Bridge motif, programmed for evening F&B and cultural events as part of the Vinh Hoa Phố commercial spine.
Growth Catalysts
✅Ring Road 4 Hà Nội service road opens to technical traffic in June 2026 (2026)
🚀Metro Line 5 Văn Cao – Hòa Lạc: traffic diversions begin May 2026 as construction accelerates (2030)
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This area scores 82 for Leisure Score · 76 for Family Score
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2 of 9 delivered
