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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 Hanoi's most complete gated township inside Ring Road 3.5 — a Gamuda-built estate where the on-site ISPH international school, 11-hectare park, and ParkCity Club are operating or near-complete, anchored by The LINC mall with Tops Market now open. The honest tradeoffs are a slow northbound commute on Lê Văn Lương and a consistently noisy external environment; Ring Road 3.5 and Ring Road 4 completions targeting 2026 are the most proximate catalysts for connectivity relief.
Homeowner: A strong choice for homeowners seeking a low-density gated township in western Hanoi. Gamuda's execution quality is visible throughout the estate — 11-hectare park, ParkCity Club sports complex, The LINC mall anchored by Tops Market, and the on-site ISPH UK-curriculum international school that defines the project's family appeal. The main tradeoffs are a consistently high ambient noise level from surrounding street venues and chronic northbound congestion on Lê Văn Lương; Parc Régent buyers also face a 2027 handover horizon with pink books pending.
Investor: The investment case is moderate: Park Kiara has an active secondary market at 105-110M/m² and documented rental demand at 15.5-28M/month, but gross yields land around 3% — below what this price band should deliver. The tenant pool is concentrated in the expat and returning-diaspora segment, which is functional but narrow. Ring Road 3.5 and Ring Road 4 completions targeting 2026 are the nearest catalysts for connectivity improvement and rental demand uplift; the approved Metro Line 2A extension westward is positive but targets completion around 2030.
| Market range | 93 triệu – 145 triệu/m² |
| Unit price | 8,6 tỷ – 19 tỷ |
| Rent | 15,5 triệu – 28 triệu/mo |
| Launch price | 44 triệu/m² |
| Project | Price | Distance |
|---|---|---|
| ParkCity Hanoi | 115 triệu/m² | — |
| Vinhomes Smart City | Approximately 30-40% cheaper at the secondary level | Tây Mỗ, ~5 km northwest — Vinhomes scale and brand with more unit supply, but higher density and no walk-to-school international option at the same tier |
Pricing is stable at the current market level — no documented movement across Park Kiara or Parc Régent snapshots — with Ring Road completions the main near-term catalyst to watch.
| 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 for foreign buyers). Parc Régent pink books pending — the phase broke ground 24 March 2026 with Ecoba Vietnam (ranked Top 5 most reputable contractors in Vietnam 2026) as general contractor; handover targeted 2027. No new pink-book batch issuance announcements found in 2025-2026 searches. Earlier Hanoi Inspectorate review of historical land-allocation procedures did not invalidate existing certificates; no new enforcement action surfaced in 2025-2026 searches. |
ParkCity Hanoi
| CBD (peak) | 46 min |
| CBD (off-peak) | 31 min |
| Airport (peak) | 67 min |
| Airport (off-peak) | 57 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). ISPH is the primary draw for school-age families; the Park Kiara and Parc Régent sub-zones attract younger high-income professionals who want gated amenities without leaving the inner ring.
