An Khánh JVC (Phú Long / Sovico Group, with Keppel Land partner; original Vinaconex–Posco joint venture)
Hanoi's longest-running western township — 264 ha at 14% density, an established Phase 1 community plus active Keppel Land Estiva build-out, anchored by a 6.6 ha lake and 70-story landmark tower.
💰 6,5 tỷ – 121,5 tỷ📏 270 triệu/m²🏢 7751 units
A 264-hectare master-planned township on the western edge of Hanoi at Km 10+600 Đại lộ Thăng Long, originally launched as Splendora Bắc An Khánh and rebranded under Phú Long–Sovico after Posco's exit. Master plan groups 6,440 apartments and 1,311 villas/townhouses across five sub-zones — Splendora, Hồ Vọng Nguyệt, Lumiere Square, Vinh Hoa Phố, Regent's Park — at 14% construction density with 63.6 ha of green space and a 6.6 ha central lake. Keppel Land's Estiva collection (Villa, Charm shophouses, Heights apartments) sits inside the new build-out.
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Pre-Launch Project
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Project news
Mailand hosts Home Hanoi Xuan 2026 flower street with Estiva Charm sales pavilion
Construction · Feb 2026 · wesale.vn
Estiva Charm Phase 1 sales open Q1 2026 with most shophouse blocks topped out
Construction · Jan 2026 · mailandhanoicityankhanh.com.vn
Estiva Charm: Sales launched (2025-12-31)
Construction · Dec 2025 · domo.vn
Neighborhood
77*
Family Score
Good
Family fit is a clear strength. The boundary opens onto a school cluster led by St. Paul American School Hanoi 360 m away — one of Hanoi's top international schools — with Edison An Khánh K-12 and Olympia Montessori inside a 1.5 km radius, and Vinschool Smart City 1.9 km away.
83*
Leisure Score
Excellent
Leisure options are deep around the township edge. Vincom Mega Mall Smart City 3.3 km away anchors weekend retail, with a broad mix of cafés, casual dining, and neighborhood spots within walking range of the gate. The masterplan adds the Pont Du Long Bien themed walking street and Mailand Golf Club & Academy on-site.
47
Convenience
Average
Daily essentials are well covered. K-Market is 140 m from the gate for fresh-pickup groceries, and Vincom Mega Mall Smart City 3.3 km away handles full weekly runs without leaving An Khánh.
55
Health
Average
Medical access is solid for an outer-Hanoi address. Vinmec International Hospital Smart City sits 2.5 km away for inpatient and specialist care, with a working layer of dental and pediatric clinics inside 1 km for routine needs.
65
Transit Access
Good
Walking access to transit is limited. The closest bus stop is around 1.9 km southwest near CV Thiên Đường Bảo Sơn, and Nhổn Station on the operating Line 3 metro is 4.3 km north.
12
Commute Ease
Below Avg
1 hr 18 min to Hoàn Kiếm Lake via 107 → 107 → 34. 5 min walk to bus stop, 2 transfers.
12
Nightlife
Below Avg
There is no destination nightlife district within walking range. A handful of karaoke and casual beer halls scatter through neighbouring An Khánh blocks, but no concentration of bars or late venues forms a scene.
39
Quietness
Below Avg
Ambient noise sits at the high end for the district. The address is bracketed by the Đại lộ Thăng Long corridor and a scatter of small bars, karaoke, and beer halls in the neighbouring An Khánh blocks, so background activity rather than a single source drives the score.
* Score includes on-site amenities that are planned or under construction, not yet open.
Domo Scores™
7.2
🏠 Homeowner
Solid
6.9
📈 Investor
Solid
Balanced for both homeowners and investors.
Hanoi's most established western township — Phase 1 Splendora has the lived-in community feel that newer west-side projects lack, with on-site density at 14% and pink books in hand. Tradeoff: the build-out is roughly 50% complete after 18 years, and peak-hour Đại lộ Thăng Long runs 45-60 minutes inbound until Ring Road 4 opens.
🏠 Homeowner
Value
6.5
Livability
7.7
Legal & delivery
7.3
Location & connectivity
7.3
📈 Investor
Value
6.5
Returns & exit
6.8
Legal & delivery
7.3
Location & demand
7.2
Why the scores differ
Homeowner: Solid for homeowners willing to trade commute time for township scale. 14% density across 264 ha with a 6.6 ha central lake, an established Phase 1 community since 2013, and Keppel Land execution on the Estiva collection — paired with a school cluster led by St. Paul American School at the gate. Watch the build-out: the master plan is roughly half complete after 18 years, and peak-hour Đại lộ Thăng Long runs 45-60 minutes into central Hanoi.
Investor: A patient, catalyst-driven case rather than a yield play. Phase 1 has a real secondary market with documented prices and a working rental pool, but apartment yields cap near 1.5-1.7% and villa yields run lower because the commute thins the tenant pool. Ring Road 4's service-road opening in June 2026 — 3 km west — is the most immediate rerating trigger; without it, exit liquidity in Lakeside Splendora and the upper villa segments is thin.
Price & Market
Current Market Price
220 triệu/m²
📈+279% since launch
Market range
65 triệu – 270 triệu/m²
Unit price
6,5 tỷ – 121,5 tỷ
Rent
7 triệu – 30 triệu/mo
Launch price
58 triệu/m²
Est. Rental Yield0.3%
•🟢 Phase 1 Splendora trades with documented secondary prices and pink books — apt 72M VND/m², villa 215M, townhouse 200M typical — a value entry into a settled western township that newer launches in the area can't match
•🟢 Ring Road 4 service-road opening targeted June 2026, 3 km west of the project, is the most immediate rerating catalyst — once flowing, it diverts long-haul traffic off Đại lộ Thăng Long and reframes the inbound commute
•🟡 Estiva Charm shophouse and townhouse primary launches print at 200M and 180M VND/m² — pricing depends on Estiva Heights leasing absorption, and on-site footfall is unproven until the residential cluster fills
•🟡 Lakeside Splendora villa resale market is thin — 77 lots and lake-frontage demand make price discovery slow even with a 220M VND/m² typical print
•🟡 Multiple developer signatories across phases (Vinaconex–Posco legacy, Phú Long control via An Khánh JVC, Keppel Land on Estiva) — buyers need to confirm certificate type and contract counterparty per product line
Is this a good deal?
Project
Price
Distance
Mailand Hanoi City
220 triệu/m²
—
Vinhomes Smart City
90,1 triệu/m²
2.1 km
Should you buy here?
Best for:
✓Families wanting low-density villa life within 20 km of central Hanoi
✓Expat households who need international schools clustered at the gate
✓Buyers who want a settled township, not a construction site
Not ideal for:
✗Daily commuters to Hoàn Kiếm or Hai Bà Trưng — peak-hour Đại lộ Thăng Long is 45-60 minutes
✗Buyers who need a fully-built community now — Estiva and outer sub-zones still under construction
Market Trends
Phase 1 secondary prices have ground higher steadily since 2020 as scarcity of completed western townships became apparent, and Estiva primary launches now set the new ceiling that pulls resale comps with them.
Pros & Cons
Pros
✓Township scale rare in west Hanoi (264 ha)
✓Phase 1 community is mature, not speculative
✓Keppel Land brand on Estiva sub-zones
✓14% density and 6.6 ha central lake
✓Pink books issued for Phase 1 stock
Cons
✗45-60 min peak commute to inner Hanoi
✗Reliant on a single Đại lộ Thăng Long corridor
✗Different developers across phases — confirm signatory
✗Master plan ~50% built after nearly two decades — pace remains slow
Project Details
Developer
An Khánh JVC (Phú Long / Sovico Group, with Keppel Land partner; original Vinaconex–Posco joint venture)
Total Units
7751
Legal Information
Construction Permit
Approved
Pink Book
Partial
Legal Notes
Master plan 1/500 approved on 264.13 ha (originally 2007 under Vinaconex–Posco; adjusted under Phú Long after acquiring control via An Khánh JVC). Splendora Phase 1 villa and CH101–CH104 apartment owners hold pink books; Lakeside Splendora pink-book issuance is in progress following 2024 handover. Estiva sub-zones (Villa, Charm, Heights) sold under An Khánh JVC's master license with Keppel Land as co-developer — buyers should confirm certificate type and signatory per product line. April 2026 search surfaced no legal disputes, pink-book blocks, or permit suspensions.
Amenities
👨👩👧Family: 5 ha international school plot inside the boundary, multiple kindergartens at sub-zone level, plus a 13.1 ha total education land budget across the master plan.
🏋️Fitness: On-site golf academy, multiple tennis and multi-purpose courts, and Estiva Heights' planned sky pool deck supplement standard sub-zone gyms and pools.
🏖️Lifestyle: Vinh Hoa Phố commercial street, central 6.6 ha lake, themed gardens, contemporary art exhibition spaces, and a Long Bien-themed walking promenade serve as the lifestyle spine.
🛒Convenience: Direct Đại lộ Thăng Long access, on-site shopping mall, 24/7 security, and adjacency to Vinhomes Smart City retail and AEON Hà Đông cover daily needs.
Pets🌳 Garden🔥 BBQ Area🧒 Play Area🔒 Security🅿️ Car Parking🎾 Tennis Court🏀 Basketball CourtShophouse Street🏍️ Motorbike Parking⚽ Multi-Purpose Court
A mix of Hanoi professionals working in Mỹ Đình, Cầu Giấy, and the inner city, expat families drawn by the international-school cluster at the gate, and second-home owners from older Hà Đông and Mỹ Đình neighbourhoods upgrading to a township setting. Phase 1 Splendora has a settled, mature community since 2013; the new Estiva and outer sub-zones skew younger and more aspirational.
Things to consider (not deal breakers)
⚠️ Traffic
Đại lộ Thăng Long is the single dominant artery — peak-hour traffic backs up at the Trung Hòa juncti...
Đại lộ Thăng Long is the single dominant artery — peak-hour traffic backs up at the Trung Hòa junction and the An Khánh underpass. Lê Trọng Tấn extension and Ring Road 3.5 ease side trips into Hà Đông but do not relieve the inbound CBD flow.
→ Ring Road 4 alignment passes within 3 km west of the project — once operational, it diverts long-haul traffic off Đại lộ Thăng Long. Metro Line 7 (Mê Linh – Hà Đông) station is planned within 2 minutes of the project per master plan.
🌊 Flood Risk
Sitting on raised An Khánh ground above the Đáy River basin, the township itself drains well. Heavy ...
Sitting on raised An Khánh ground above the Đáy River basin, the township itself drains well. Heavy rains affect the Đại lộ Thăng Long underpasses 5-10 km east toward inner Hanoi rather than the project interior.
→ Internal stormwater is captured by the 6.6 ha central lake which doubles as a retention basin; surrounding land is well above flood elevations recorded for the Đáy River.
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This area scores 83 for Leisure Score · 77 for Family Score
Primary shophouses prints at 180-220M/m² (typical 200M) and townhouses at 160-200M/m² (typical 180M), launched Q1 2026. Premium versus Phase 1 Splendora townhouses reflects Keppel Land branding and dual-frontage retail layouts.
No public apartment price prints yet — the twin-tower scheme rising to 70 storeys is expected to set the project's apartment ceiling once primary launch opens, well above the 72M/m² Phase 1 secondary mark.
No public price prints yet — the gated Keppel Land-Phú Long villa cluster is positioned as the secluded counterpart to Estiva Charm and Estiva Heights and is expected to lead the new-build pricing tier when launched.
No public price prints yet — wellness-themed sub-zone wrapping the central 6.6 ha lake; product mix and pricing follow the 1/500 plan and roll out as An Khánh JVC and partners launch new releases.
Thin secondary market by design — 77 lakefront villa lots only, with prints at 125-260M/m² (typical 220M). Lake-frontage demand keeps the floor firm but slows price discovery on each transaction.
No public price prints yet — innovation-themed sub-zone branded as the project's creative core, mixed-use programming has not crystallised into specific product launches.
Primary single villas print at 200-270M/m² (typical 235M) — the highest tier in the project, reflecting estate-scale lots and ultra-low density. Confidence on the print is modest because peer comps in this band are scarce.
The deepest secondary market at Mailand — apartments at 65-78M/m² (typical 72M), townhouses at 185-220M/m² (typical 200M), and villas at 195-240M/m² (typical 215M), with active rental stock across 2-4BR and a working tenant pool.
No public price prints yet — commercial-cultural sub-zone planned as the master plan's main shophouse spine; specific block releases unfold by sub-block.
View details →
Notable Places
6.6-hectare central lake
6.6 ha artificial lake forming the spatial anchor of the master plan and a stormwater retention basin for the township. Lake-frontage drives the price premium on Lakeside Splendora villas and Hồ Vọng Nguyệt sub-zone product.
Contemporary Art Exhibition & Innovation Museum
Cultural anchor in the Lumiere Square sub-zone aligned with Hanoi's UNESCO Creative City program. Provides programming and gallery space rare in Hanoi township masterplans.
Home Hanoi Xuan flower street (annual cultural event)
Annual Tết flower-street installation hosted on-site by Phú Long — the township's signature cultural draw and a marketing event used to position Mailand as a public destination, not just a residential precinct.
Iconic Tower (planned 70-storey landmark)
70-storey landmark tower in the master plan, sized to be among the tallest buildings in Greater Hanoi. Anchors the Estiva Heights cluster as the project's defining skyline element.
International school campus (5 ha)
5 ha plot reserved for an international school campus inside the township boundary — a meaningful buyer hook because it removes daily school-run commuting to Vinhomes Smart City or Hà Đông international schools.
Mailand Golf Club & Academy
On-site golf club and practice academy — rare for a Hanoi township and a meaningful differentiator versus Vinhomes Smart City or Geleximco An Khánh which lack on-site golf.
Pont Du Long Bien themed walking street
Themed pedestrian promenade modeled on the Long Biên Bridge motif, programmed for evening F&B and cultural events as part of the Vinh Hoa Phố commercial spine.
Growth Catalysts
🚧Ring Road 4 Hà Nội service roads target technical opening June 2026 (2026)
🚀Metro Line 5 Văn Cao – Hòa Lạc breaks ground Dec 2025, target operations 2030 (2030)
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