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5 of 11 delivered
Vingroup
5 of 11 sub-zones delivered · 6 upcoming 2026–2029
294-hectare resort district anchored by the 12.3-hectare Paradise Bay artificial lagoon, with 3 independent apartment developers (Masterise, CapitaLand, MIK Group) offering diverse price points within one Vingroup mega-township.
A 294-hectare ocean-themed residential district in Van Giang, Hung Yen — the third district within Vingroup's 1,200-hectare Ocean City mega-township east of Hanoi. Features 8 themed low-rise neighborhoods (8,458 units), Masteri Era Landmark (10 apartment towers, ~5,200 units) by Masterise Homes, The Fullton (692 units) by CapitaLand, and Imperia Ocean City (30+ towers, The Parkland phase with 9 towers and 5,600 units selling) by MIK Group. Anchored by the 12.3-hectare Paradise Bay four-season artificial lagoon.
Balanced for both homeowners and investors.
Vinhomes Ocean Park 3 is a low-density, lagoon-centred township in Văn Giang where five low-rise sub-zones are already handed over and Masterise and MIK Group apartments are priced at roughly 60-80M/m², in line with mid-segment peers. The costs are a 1 hr 16 min bus trip to Hoàn Kiếm Lake, apartment handovers not until 2028-2029, partially issued pink books, and on-site schooling and daily retail that are still being built out.
Homeowner: A reasonable township choice for homeowners who can live with a long commute. The low-density, lagoon-centred layout, tier-1 developers and low flood risk are real strengths, but the Vinschool campus, Aqua Bay Water Park and a named supermarket are still planned, apartments do not hand over until 2028-2029, and pink books are only partly issued.
Investor: The investment case is light on liquidity and heavy on supply. Delivered low-rise sub-zones have documented secondary pricing, but rents of roughly 16-23M a month against 8-25 tỷ townhouses imply only about 1-3% gross, and about 35,000 Imperia Ocean City units plus ~5,200 Masteri apartments will compete for the same buyers and tenants. 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 – 80 tỷ |
| Rent | 5 triệu – 50 triệu/mo |
| Launch price | 65 triệu/m² |
| Project | Price | Distance |
|---|---|---|
| Vinhomes Ocean Park 3 | 70 triệu/m² | — |
| Vinhomes Ocean Park 2 | 67 triệu/m² | 1.8 km |
| Ecopark | 62 triệu/m² | 4.2 km |
| Vinhomes Ocean Park 1 | 70 triệu/m² | 4.7 km |
Apartment pricing looks mostly stable around 70M/m², with Masteri Era Landmark's typical price easing about 3.6% since April; low-rise sub-zones are quoted by total ticket rather than per-m².
| Developer | Vingroup |
| Status | 5 of 11 delivered |
| Total Units | 29000 |
| Towers | 40 |
| Launch Date | 2022-10 |
| Construction Permit | Approved |
| Pink Book | Partial |
| Legal Notes | Long-term residential ownership. Delivered low-rise sub-zones are in the pink-book process; apartment towers (Masteri Era Landmark, expected handover Q1 2028; Imperia Ocean City The Parkland, est. Q1 2029) are under construction and sold on sale contracts. October 2026 searches found no new pink-book batch announcements. |
Vinhomes Ocean Park 3
| CBD (peak) | 52 min |
| CBD (off-peak) | 43 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 owner-occupiers in the delivered low-rise sub-zones, with apartment buyers still awaiting handover.
