VI
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Hồng Hạc City/Hồng Phát
Selling

Hồng Phát - Hong Hac City

Selling · Handover 2026

💰 15 tỷ – 60 tỷ🏗️ Selling🏢 323 units

The first sub-zone at Hồng Hạc City and the project's commercial gateway, opened with the F1-1 release of 323 units at the main entrance. The mix spans 17 standalone villas (15×20 and 20×15, 3 storeys), 42 semi-detached villas (9×20 and 13×20, 3 storeys), 94 French-style townhouses (6×18.5 and 6×20, 4 storeys) and 170 shophouses (6×20 and 8×20, 5 storeys).

News & Updates

Hồng Phát F1-1 handover targeted for December 10, 2026
Construction · Apr 2026 · phumyhungcorp.com.vn
F1-1 construction on track: shophouses at floor 5, villas and townhouses at floor 3
Construction · Apr 2026 · angialand.com.vn

Quick Verdict

7.1
🏠 End-user
Solid
6.7
📈 Investor
Solid

Better for long-term living than for investing.

Strong choice for Hanoi and Bắc Ninh buyers who trust the Phú Mỹ Hưng brand in a low-rise township format. Main tradeoff: no Northern track record yet — the thesis depends on the Q7 playbook traveling.

Is this a good deal?

Project Price Distance
Hồng Phát 136 triệu/m² —
Vinhomes Ocean Park 2 (The Empire) Comparable per-m² for comparable low-rise Closer to Hanoi core but denser and more high-rise dominant
Him Lam Green Park 15–20% lower entry on townhouses In central Bắc Ninh city, handed over, smaller masterplan
Centa City Từ Sơn (VSIP) 10–15% lower per-m² on semi-detached villas Closer to Hanoi via QL1A corridor, compact 16 ha site

Score Breakdown

🏠 End-user
Risks
7
Value for money
7
Livability & family fit
7.5
Location & connectivity
6.5
Legal confidence
6.8
Quality & amenities
8
Why the scores differ

End-user: Good project with strong brand pedigree (Phú Mỹ Hưng + Nomura), 18ha central park, low ~30% density, and long-term red books per unit. However, suburban Thuận Thành location with 40–70 min peak commute to central Hanoi, an early-stage community with only the F1-1 release of 323 units handed over in Hồng Phát, no apartment option, and limited mature retail nearby keep this in the solid-but-not-exceptional range.

Investor: Investor case is decent but narrower than the end-user case: rentability is constrained because resident profile is primarily owner-occupiers, airbnb level is none, the villa-only product mix limits the tenant pool, and Northern buyers structurally prefer apartments. Resale liquidity will take 2–3 handover cycles to develop. Long-term upside (Vành Đai 4, Bắc Ninh city upgrade, FDI growth) supports the floor but the brand premium is unproven in the North.

Price & Market

Current Market Price
136 triệu/m²
📉 -9% since launch
Unit price15 tỷ – 60 tỷ
Launch price150 triệu/m²
  • •🟢 Entry per-m² sits below Vinhomes Ocean Park villa pricing for comparable low-rise product — attractive for the Phú Mỹ Hưng brand level.
  • •🟡 Brand premium is real but unproven in the North — secondary resale depth will take 2–3 handover cycles to emerge.
  • •🟢 Shophouse rows benefit from the combined Hồng Phát + Hồng Thịnh + Hồng Phúc catchment of ~28,000 residents at full build-out.
  • •🟡 Northern buyer sentiment still prefers apartment product — low-rise only project narrows the immediate demand pool.

Should you buy here?

Best for:
  • ✓Upper-middle-class Hanoi families wanting a low-rise villa or townhouse at a lower per-m² entry than Ocean Park or Vinhomes Smart City
  • ✓Industrial-park executives in Bắc Ninh and Bắc Giang prioritising commute to factories over CBD proximity
  • ✓Returning Phú Mỹ Hưng customers from the South looking for a comparable township format in the North
  • ✓Buyers prioritising large green space, low density and long-term red-book ownership over apartment convenience
Not ideal for:
  • ✗Daily commuters to Hoàn Kiếm or Ba Đình who cannot absorb 40–70 min each way at peak
  • ✗Buyers who need a finished, fully populated community to move into today
  • ✗Apartment-segment buyers and budget buyers — the masterplan offers no high-rise condo product
  • ✗Families dependent on an established international school within easy daily reach

Market Trends

136,5 triệu136,5 triệu20252026

Early releases have priced at a premium to neighboring Bắc Ninh low-rise stock on the strength of the Phú Mỹ Hưng – Nomura partnership. Longer-term trajectory depends on expressway completions and Bắc Ninh's city-status upgrade.

Pros & Cons

Pros

  • ✓Phú Mỹ Hưng planning playbook applied to the North
  • ✓Nomura Japanese co-developer on design quality
  • ✓18 ha central park — rare scale for a township
  • ✓Long-term red books on every low-rise unit
  • ✓Low construction density at roughly 30%
  • ✓Pink books already issued for 1,000+ units (~35% of low-rise stock)

Cons

  • ✗Primary community still forming in early sub-zones
  • ✗40–70 min commute to central Hanoi at peak
  • ✗No apartment option for budget buyers
  • ✗Developer is new to the Northern market

Unit Types

Shophouse
4 Beds · 4 Baths · 120–160 m²
136 triệu/m²
≈ 16,32 tỷ–21,76 tỷ est.
Growing families
Townhouse
4 Beds · 4 Baths · 111–120 m²
136 triệu/m²
≈ 15,1 tỷ–16,32 tỷ est.
Growing families
Semi-detached villa
5 Beds · 5 Baths · 180–260 m²
136 triệu/m²
≈ 24,48 tỷ–35,36 tỷ est.
Growing families
Standalone villa
5 Beds · 5 Baths · 300–400 m²
136 triệu/m²
≈ 40,8 tỷ–54,4 tỷ est.
Growing families

Project Details

StatusSelling
Total Units323

Legal Information

Launch Date2025-06-14
Handover2026-12-10
Construction Permitapproved
Pink Booknot_issued
Legal NotesLand use rights for each low-rise unit are long-term freehold with individual red books issued per owner. Construction permits are in place for the Hồng Phát sub-zone, with later sub-zones following the approved 1/500 masterplan.

Amenities

👨‍👩‍👧 Family: On-site school ecosystem covering kindergarten through upper secondary (8 schools at full build-out), plus the 18-hectare central park with themed playgrounds and internal cycling routes.
🏋️ Fitness: Sports and cultural complex, tennis, basketball and multi-purpose courts, plus jogging and cycling loops through the central park and secondary greenways.
🏖️ Lifestyle: Shophouse streets across all three sub-zones, a planned commercial centre at the project entrance, and a multi-theme pedestrian promenade tied into the central park and lakes.
🛒 Convenience: Commercial centre, shophouse commercial strips, on-site healthcare clinic, and direct access to QL17 plus the Hanoi – Hải Phòng expressway.
Pets🌳 Garden🔥 BBQ Area🧒 Play Area🔒 Security🅿️ Car Parking🎾 Tennis Court🏀 Basketball CourtShophouse Street🏍️ Motorbike Parking⚽ Multi-Purpose Court
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Growth Catalysts

  • 🚧Hanoi Ring Road 4 opening — direct access to Hồng Hạc City (2027)
  • 🚀Bắc Ninh upgraded to centrally-administered city status
  • 🚀Hanoi – Bắc Ninh urban railway extension
  • 🚧Continued FDI growth at Thuận Thành 1, 2 and 3 industrial parks driving executive housing demand

Interested in Hồng Phát?

Hồng Phát
Hồng Phát, Hồng Hạc City
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