VI
Mailand Hanoi City 2 of 9 delivered
2 of 9 delivered

Mailand Hanoi City - Hoai Duc Hanoi

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📏 173 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

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
Mailand's Home Hanoi Xuan 2026 flower street earns UNESCO recognition and draws large crowds
Construction · Feb 2026 · vietnam.vn

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 appeal rests mostly on future delivery — no school operates within the project today. St. Paul American School, curated among Hanoi's top six international schools, is 354m away, and the master plan reserves a 5 ha campus plot for an on-site international school.
82*
Leisure Score
Excellent
Lifestyle appeal is moderate today — current options are primarily neighborhood cafés and casual dining within 1 km. Once the Pont Du Long Bien themed walking street and Mailand Golf Club & Academy are delivered, the on-site leisure offer will become a genuine differentiator for the segment.
57*
Convenience
Average
Daily convenience is limited today — there is no confirmed on-site supermarket, and the nearest grocery option is roughly 1 km away. As the project builds out, daily retail is expected within the township, but no named operator has been confirmed.
30
Health
Below Avg
Healthcare access is weak — the immediate area has only dental clinics and pharmacies within 1.5 km, with no general clinic or hospital nearby. Phuong Dong General Hospital is 8.2 km away, making this a non-trivial factor for families with medical needs.
10
Transit Access
Below Avg
Transit access is very limited — the nearest bus stop is about 1.1 km away on Đại lộ Thăng Long, and Nhổn Station (the nearest metro station) is 4.3 km from the project.
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 absent. The township is oriented toward suburban family living — evenings center on internal community spaces and restaurants rather than any bar or club scene.
78
Quietness
Good
The area is notably quiet. The surrounding An Khánh ward is low-density residential with minimal commercial activity, and the central lake and green buffer provide natural sound separation for most of the township's residential clusters.
* Score includes on-site amenities that are planned or under construction, not yet open.

Domo Scores™

7.4
🏠 Homeowner
Solid
7
📈 Investor
Solid

Better for long-term living than for investing.

Hanoi's most established western township — the Splendora sub-zone delivers a lived-in community feel rare among west-side projects, with Keppel Land's Estiva sub-zones raising the quality ceiling. The inescapable tradeoff is a 45-60 minute peak-hour commute on a single highway corridor and roughly half the master plan still being built.

🏠 Homeowner
Value
7.5
Livability
7.6
Legal & delivery
7.3
Location & connectivity
7
📈 Investor
Value
7.5
Returns & exit
6.4
Legal & delivery
7.3
Location & demand
7.1
Why the scores differ

Homeowner: A solid township choice for homeowners who can accept a western commute. Keppel Land's co-development of the Estiva sub-zones and a 14% construction density set this apart from typical west-Hanoi stock, and St. Paul American School — 354m away and curated among Hanoi's top six international schools — is a meaningful differentiator for families with children. The honest tradeoffs are a 45-60 minute peak-hour drive on a single highway corridor and healthcare access limited to 8 km out.

Investor: A moderate investment case requiring patience. The Splendora secondary market is active with documented prices and 250+ rental listings, but yields across all product types are well below 4%, and recent villa resale data shows meaningful corrections — Lakeside Splendora down ~33% and Splendora villas down ~19% in the latest snapshots. The re-rating story is credible but long-dated: Ring Road 4's service road opened June 2026, the mainline expressway targets 2027, and Metro Line 5 begins operations in 2030.

Price & Market

Current Market Price
173 triệu/m²
📈 +198% since launch
Market range61 triệu – 270 triệu/m²
Unit price6 tỷ – 121,5 tỷ
Rent7 triệu – 35 triệu/mo
Launch price58 triệu/m²
Est. Rental Yield0.4%
  • 🟢 Ring Road 4 service road opened to technical traffic in June 2026, diverting long-haul inter-provincial vehicles off Đại lộ Thăng Long — a concrete near-term improvement to the township's main congestion pain point
  • 🟢 Splendora sub-zone townhouses are the steadiest resale segment (+4.5% in the latest snapshot) with full pink books — the most liquid and lowest-risk entry point for buyers wanting western township exposure
  • 🔴 Villa resale prices have softened significantly across the project — Lakeside Splendora down ~33% and Splendora villas down ~19% in the most recent snapshots; thin listing depth amplifies apparent swings, but buyers should verify current transaction comps before acting on book value
  • 🟡 Estiva Charm primary shophouse and townhouse prices have held flat at launch levels — developer pricing is stable, but shophouse investment returns depend on on-site footfall that has not yet fully materialised
  • 🟡 Hanoi's simultaneous groundbreaking of five new metro lines (June 22, 2026) reinforces confidence in Metro Line 5's 2030 timeline — the 38.4 km Văn Cao–Hòa Lạc corridor with planned stations near Hoài Đức remains the structural long-term catalyst for this location
Last updated: June 2026

Is this a good deal?

Project Price Distance
Mailand Hanoi City 173 triệu/m²
Vinhomes Smart City 85 triệu/m² 3.3 km

Should you buy here?

Best for:
  • Families with children who want a curated international school within walking distance of home
  • Buyers upgrading to spacious, low-density villa life within commuting range of Mỹ Đình and Cầu Giấy
  • Expat households whose workplace is in the western Hanoi corridor and who value a settled community
Not ideal for:
  • Commuters whose office is east of Phạm Hùng — daily travel on Đại lộ Thăng Long is the defining dealbreaker
  • Buyers who need a fully operational community today — the newer sub-zones and Estiva build-out are still in progress

Decision Factors

Strengths

  • Keppel Land co-developing the Estiva sub-zones — Singapore-grade design and execution standards rare in this corridor
  • 14% construction density across 264 ha with 63.6 ha of green space and a 6.6 ha central lake — livability benchmark west-Hanoi peers cannot match
  • St. Paul American School 354m from the project — curated among Hanoi's top six international schools — eliminates the school commute for most residential clusters
  • The Splendora sub-zone (1,049 units) is fully delivered with pink books issued — the most mature township community in west Hanoi outside Vinhomes Smart City

Tradeoffs

  • !Single highway dependency — Đại lộ Thăng Long is the sole fast artery; peak congestion at the Trung Hòa junction and An Khánh underpass adds 15-20 minutes to the nominal 20-minute drive
  • !Half the master plan is still unbuilt — buyers in Estiva Heights, Regent's Park, and Lumiere Square sub-zones will live through extended construction in the surrounding area
  • !Healthcare access is a structural gap — the nearest major general hospital is 8.2 km away, with only dental clinics and pharmacies in the immediate vicinity

Watch items

  • ?Lakeside Splendora secondary villa prices dropped ~33% in the most recent snapshot (148M/sqm vs. 220M/sqm prior) — thin-traded sub-zone with only 77 lots; verify cleared transaction prices before buying at primary comparables
  • ?Estiva sub-zone products (Villa, Charm, Heights) are sold under An Khánh JVC's master license with Keppel Land as co-developer — buyers should confirm certificate type and signatory per product line before signing
  • ?The re-rating catalysts are underway but not complete — Ring Road 4 mainline expressway targets 2027 and Metro Line 5 targets 2030; both timelines carry implementation risk

Project Details

DeveloperAn Khánh JVC (Phú Long / Sovico Group, with Keppel Land partner; original Vinaconex–Posco joint venture)
Status2 of 9 delivered
Total Units7751

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

Location & Commute

Mailand Hanoi City

34 min
Hoàn Kiếm CBD
56 min
Nội Bài Airport
CBD (peak)45 min
CBD (off-peak)34 min
Airport (peak)62 min
Airport (off-peak)56 min
🚇
Metro
Nhổn Station
4.3km
🛍️
Mall
Iconic Tower (planned 70-storey landmark…
Planned on-site
🛒
Supermarket
Expected daily retail
Expected
🏫
Schools
International school campus (5 ha)
Planned on-site
🏥
Hospitals
Phuong Dong General Hospital
8.2km
🌳
Park
Pont Du Long Bien themed walking street
Planned on-site
Major Roads
Đại lộ Thăng LongLê Trọng Tấn extensionRing Road 3.5Ring Road 4
🔇 Low Noise🛣️ Not Near Highway

Residents span Hanoi professionals working in Mỹ Đình or Cầu Giấy, expat families drawn by the international school cluster in An Khánh, and upgraders from older Hà Đông neighborhoods seeking a township setting. The original Splendora sub-zone has a settled, mature community; the newer Estiva sub-zones attract younger, more aspirational buyers.

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.

Sub-zones

🏢
Estiva Charm Shophouse, Townhouse
0 listings · 109 units
18 tỷ - 40 tỷ
160 triệu - 220 triệu/m²
4-5 BD · 90-130 m²
Primary shophouses at 180–220M/sqm (200M typical) and townhouses at 160–200M/sqm (180M typical); both segments have held at initial launch levels with no recorded secondary transactions yet.
View details →
🏢
Estiva Heights Apartment
0 listings
No secondary market established; primary pricing details have not been publicly released for this high-rise apartment sub-zone.
View details →
🏢
0 listings
No secondary market data; primary pricing for this premium gated villa sub-zone has not been publicly announced.
View details →
🏢
0 listings
No pricing recorded — product offerings for this lakeside wellness sub-zone have not yet been released to market.
View details →
🏢
0 listings · 77 units
33 tỷ - 70 tỷ
125 triệu - 260 triệu/m²
4-5 BD · 232-411 m²
Delivered 2024
Secondary villa listings are thinly traded (77 lots total); the most recent observed prices are in the 130–165M/sqm range, below earlier snapshots — buyers should verify current transaction comps before purchasing.
View details →
🏢
0 listings
No pricing available — this creative mixed-use sub-zone has not yet been offered to market.
View details →
🏢
0 listings
78 tỷ - 121,5 tỷ
200 triệu - 270 triệu/m²
Primary villa asking prices at 200–270M/sqm (235M typical) per initial listings — the highest-priced product tier within the project; limited transaction data at this stage.
View details →
🏢
Splendora (Phase 1) Apartment, Townhouse, Villa
0 listings · 1049 units
6 tỷ - 85 tỷ
61 triệu - 260 triệu/m²
2-5 BD · 82.91-360 m²
Delivered 2013
The project's most active resale sub-zone: 2-bedroom apartments at ~72M/sqm and 3-bedroom at ~69M/sqm; townhouses at ~209M/sqm typical; villa prices span 140–260M/sqm with a typical around 175M/sqm.
View details →
🏢
Vinh Hoa Phố Shophouse, Townhouse
0 listings
No secondary listings recorded; pricing for this commercial shophouse spine has not been released.
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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