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8 of 12 delivered
Vingroup
8 of 12 sub-zones delivered · 4 upcoming 2027–2029
458-hectare ocean mega-city with Asia's largest artificial saltwater lagoon and complete Vingroup living ecosystem.
A 458-hectare ocean-themed mega-township in Van Giang, Hung Yen developed by Vinhomes (Vingroup). Part of the 1,200-hectare Ocean City Ha Noi master plan. Features 8 themed low-rise sub-areas with over 12,800 units, 56 apartment towers co-developed by Masterise Homes and MIK Group, Royal Wave Park with an 18-hectare artificial saltwater beach, Vincom Mega Mall, Vinmec hospital, and Vinschool. Total capacity exceeds 43,000 residential units.
Balanced for both homeowners and investors.
Vinhomes Ocean Park 2 is a 458-ha, low-density township in Văn Giang where eight low-rise sub-zones are already handed over and four apartment projects by Masterise and MIK Group are priced at roughly 60-79M/m², about 2% under the mid-segment peer median. The costs are a 1 hr 28 min bus trip to Hoàn Kiếm Lake, high ambient noise, partially issued pink books, apartment handovers from Q1 2027 to Q1 2029, and a very large competing supply pipeline; Vinmec and Vincom Mega Mall on-site operating status should be verified before relying on them.
Homeowner: A reasonable township choice for homeowners who can live with a long commute. The low-density layout, tier-1 Vinhomes and Masterise execution, operating wave parks and low flood risk are real strengths, but noise is high, health care and daily retail are thin today, apartments do not hand over until 2027-2029, and pink books are only partly issued.
Investor: The case rests on a lived-in low-rise resale base, not on apartment yield. Delivered townhouses and villas have documented secondary pricing, but rents imply only about 1-4% gross, about 35,000 Imperia Ocean City units plus roughly 9,750 Masteri and Lumiere apartments will compete for the same buyers and tenants, and primary prices at several Masterise towers have already eased 10-13% in some unit types. With no confirmed Metro Line 8 station in Văn Giang, the thesis leans on Ring Road 4 and a long hold.
| Unit price | 1,8 tỷ – 13,6 tỷ |
| Rent | 5 triệu – 80 triệu/mo |
| Launch price | 78 triệu/m² |
| Project | Price | Distance |
|---|---|---|
| Vinhomes Ocean Park 2 | 67 triệu/m² | — |
| Vinhomes Ocean Park 3 | 70 triệu/m² | 1.8 km |
Apartments are priced around 67M/m² typical (about 60-79M by project), roughly 2% under peers, with primary typical prices easing at several Masterise towers between April and June 2026; delivered low-rise townhouses resell at about 96-114M/m².
| Developer | Vingroup |
| Status | 8 of 12 delivered |
| Total Units | 43000 |
| Towers | 56 |
| Launch Date | 2022 |
| Construction Permit | Approved |
| Pink Book | Partial |
| Legal Notes | Long-term residential ownership for Vietnamese buyers (50-year for foreigners). Eight low-rise sub-zones delivered 2022–2023 with pink books issued on a rolling basis for delivered units. Following the July 1, 2025 administrative reorganization (district tier abolished), the official address is Nghia Tru commune, Hung Yen province. All four apartment projects (Lumiere SpringBay, Masteri Trinity Square, Masteri Grand Coast, Imperia Ocean City The Parkland) are under construction with approved permits; apartment pink books follow handover (2027–2029). October 2026 search found no blocking legal issues and no change in ownership or permit status. |
Vinhomes Ocean Park 2
| CBD (peak) | 52 min |
| CBD (off-peak) | 42 min |
| Airport (peak) | 60 min |
| Airport (off-peak) | 59 min |
Hanoi professionals and families who want space and resort-style leisure outside the city, remote or hybrid workers, and long-horizon investors in the Hưng Yên satellite-city story. Today's residents are mostly homeowners in the delivered low-rise sub-zones, with apartment buyers still awaiting handover from Q1 2027.
