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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.
Better for long-term living than for investing.
Northern Vietnam's most amenity-rich satellite township — Royal Wave Park with Asia's largest artificial saltwater lagoon, Grand World entertainment district, and a full Vingroup ecosystem — at prices 10-30% below comparable inner-city Hanoi options. The binding constraint is location: 30+ km from Hanoi CBD with no metro, a Hung Yen province address (not Hanoi hộ khẩu), and all apartments under construction through 2027-2029.
Homeowner: A solid choice for homeowners seeking a self-contained township outside Hanoi. The on-site recreational package — Royal Wave Park with Asia's largest artificial saltwater lagoon and the operating Grand World entertainment district — is genuinely exceptional for a suburban project at this price. Main compromises: 30+ km from Hanoi CBD with a ~90-minute bus commute, Hung Yen province address limits hộ khẩu options, and apartment pink books come only after handover starting 2027.
Investor: The investment case is satellite-city appreciation dependent, not yield-driven. Delivered low-rise sub-zones provide a secondary market base, but all four apartment sub-zones (27,000+ units) are pre-delivery with implied yields of roughly 2-3% — below the income-investment threshold. Adjacent Vinhomes Ocean Park 3 adds to the long-term Hung Yen supply stack. Vinhomes and Masterise brand provides floor protection, but location distance and yield compression mean patient long-term holders are better positioned here than near-term income investors.
| Market range | 60 triệu – 91 triệu/m² |
| Unit price | 1,9 tỷ – 112 tỷ |
| Rent | 5 triệu – 80 triệu/mo |
| Launch price | 78 triệu/m² |
| Project | Price | Distance |
|---|---|---|
| Vinhomes Ocean Park 2 | 73 triệu/m² | — |
| Vinhomes Ocean Park 3 | 70 triệu/m² | 1.8 km |
Prices reflect developer brand and product tier rather than broad appreciation momentum; the low-rise secondary market shows normal trading activity while apartment pricing remains at initial launch levels with no secondary benchmark established yet.
| 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-areas delivered 2022–2023 with pink books issued on a rolling basis for delivered units. Following Hung Yen administrative reorganization effective July 1, 2025 (abolishing the huyen tier nationally), the project 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) under construction with approved permits — apartment pink books pending handover (2027–2029). |
Vinhomes Ocean Park 2
| CBD (peak) | 50 min |
| CBD (off-peak) | 48 min |
| Airport (peak) | 59 min |
| Airport (off-peak) | 59 min |
Hanoi professionals seeking affordable spacious living outside the city, young families attracted to Vingroup's planned school and hospital ecosystem, and real estate investors betting on satellite city growth in Hung Yen.
