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1 of 2 delivered
Vietnam International Urban Development JSC (VIDC) — Perdana ParkCity (Malaysia) and Vinaconex Hoàng Thành
1 of 2 sub-zones delivered · 1 upcoming 2028
The largest fully built Malaysian-style master-planned township inside Hanoi's Ring Road 3.5 — gated low-density villas and townhouses around an 11-hectare park, with an on-site UK-curriculum international school and Park Kiara apartments delivering the sub-zone format that has been hard to find elsewhere in west Hanoi.
A 77-hectare master-planned township by Vietnam International Urban Development (VIDC) — a Perdana ParkCity Malaysia / Vinaconex Hoàng Thành joint venture — at the Lê Trọng Tấn / Tố Hữu junction in Hà Đông, modeled after Desa ParkCity in Kuala Lumpur. The plan combines roughly 952 villas and townhouses across branded low-rise enclaves (Nadyne Gardens, Evelyne Gardens, The Mansions, Le Jardin) with high-rise condominiums Park Kiara and Parc Régent, anchored by the 11 ha central park, the LINC retail mall, the ParkCity Club, and an on-site UK-curriculum international school.
Balanced for both homeowners and investors.
ParkCity Hanoi is the benchmark address for west-Hanoi families who need a UK-curriculum school on the doorstep — ISPH, the 11-hectare park, and a fully delivered gated estate combine to create a package no Hà Đông competitor replicates. The binding tradeoff is the Tố Hữu peak-hour commute and entry pricing that has moved into Tây Hồ territory.
Homeowner: A solid homeowner choice for west-Hanoi families. The on-site ISPH school (UK curriculum, ages 3-18), 11-hectare central park, operating LINC neighbourhood mall, and ParkCity Club create a delivered amenity package that has few rivals in Hà Đông. The main deductions are high ambient noise from surrounding urban roads, the absence of an on-site hospital, and the chronic Tố Hữu / Lê Văn Lương peak-hour congestion that adds meaningful time to any central-Hanoi commute.
Investor: The investment case rests on resale liquidity, not yield. Park Kiara's documented secondary market at 105-118M/m² and active villa resale across delivered sub-zones show real transaction depth, while the ISPH-anchored expat tenant pool sustains a thin but consistent rental market. The limiting factors are sub-3% gross yields on apartments and villa ticket sizes above 20-75 billion that slow turnover; Ring Road 3.5 and Ring Road 4 progress are the nearest-term catalysts that could improve the connectivity story.
| Market range | 100 triệu – 145 triệu/m² |
| Unit price | 6 tỷ – 115 tỷ |
| Rent | 15,5 triệu – 48 triệu/mo |
| Launch price | 44 triệu/m² |
| Project | Price | Distance |
|---|---|---|
| ParkCity Hanoi | 115 triệu/m² | — |
| Vinhomes Smart City | Lower per-m² for apartments, similar villa pricing | Bigger 280-hectare Vingroup township further west on Đại lộ Thăng Long — more amenities at scale, but newer and less mature than ParkCity |
| An Khánh – Splendora (Bắc An Khánh) | Comparable villa pricing, lower density | 264-hectare Posco/Vinaconex venture in Hoài Đức — bigger park areas but partial buildout and longer commute to central Hanoi |
| Geleximco Lê Trọng Tấn (Khu A & C) | Lower — older townhouses without gated branding | Sprawling Geleximco low-rise zones along the same Lê Trọng Tấn corridor — no international school, no community club, no central park |
Park Kiara's resale market is firming — 3BR units up roughly 7% over six months — while Parc Régent sets a new primary benchmark above 119M/m², pulling the project's overall price reference upward.
| Developer | Vietnam International Urban Development JSC (VIDC) — Perdana ParkCity (Malaysia) and Vinaconex Hoàng Thành |
| Status | 1 of 2 delivered |
| Total Units | 7000 |
| Construction Permit | Approved |
| Pink Book | Partial |
| Legal Notes | Delivered low-rise sub-zones (Nadyne Gardens, Evelyne Gardens, The Mansions, Le Jardin) and Park Kiara apartments carry long-term residential pink books for Vietnamese citizens (50-year land allocation for foreign buyers). Parc Régent pink books pending — construction permit No. 57/GPXD (issued 7 July 2025), ground broken 24 March 2026 with Ecoba Vietnam as general contractor; handover targeted 2027. As of April 2026, podium block structural works are under way. No new pink-book batch issuance announcements found in searches through late June 2026. Earlier Hanoi Inspectorate review of historical land-allocation procedures did not invalidate existing certificates; no new enforcement action surfaced in searches through late June 2026. |
ParkCity Hanoi
| CBD (peak) | 50 min |
| CBD (off-peak) | 34 min |
| Airport (peak) | 69 min |
| Airport (off-peak) | 56 min |
Established western-Hanoi family community — Malaysian and Korean expats, returning Vietnamese diaspora buyers, and senior managers from the western corporate corridor (Keangnam, Charmvit, Trung Hòa – Nhân Chính). The on-site ISPH international school is the primary draw for families with school-age children, while Park Kiara and Parc Régent attract younger high-income professionals seeking gated-community amenities without relocating further from central Hanoi.
