Vinhomes Ocean Park 3 – The Crown, Van Giang, Hung Yen
Vingroup
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.
💰 2,14 tỷ – 65 tỷ🏗️ Construction🏢 29000 units
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.
News & Updates
Ring Road 4 service road completion expected Q2/2026 — 99.99% land clearance achieved
Infrastructure · Apr 2026 · tienphong.vn
OP3 townhouse resale prices flat at 7.1-10.5 tỷ — no premium over developer prices 3 years after launch
Price · Apr 2026 · batdongsan.com.vn
Ring Road 4 Hưng Yên section: 86.4% land cleared, utility relocation remains a bottleneck
Infrastructure · Apr 2026 · tienphong.vn
Văn Giang district restructures — 11 communes merged into 4 new wards, signaling urban upgrade path
Policy · Apr 2026 · ghtk.vn
OP3 low-rise rental market building up — townhouses from 6M/month, villas up to 36M/month
Family suitability: schools, hospitals, parks, safety
Quick Verdict
7.2
🏠 End-user
Solid
6.3
📈 Investor
Mixed
Better for long-term living than for investing.
Northern Vietnam’s largest resort mega-township now with 3 competing apartment developers under one roof — unprecedented buyer choice from 59M/m² studios to 280M/m² CapitaLand villas. Tradeoff: 30+ km from Hanoi CBD, in Hưng Yên province, and no apartment has been delivered yet.
Is this a good deal?
Project
Price
Distance
Vinhomes Ocean Park 2
72,5 triệu/m²
1.8 km
Ecopark
65 triệu/m²
4.2 km
Vinhomes Ocean Park 1
67,5 triệu/m²
4.7 km
Score Breakdown
🏠 End-user
Risks
6.5
Value for money
7.3
Livability & family fit
8.2
Location & connectivity
5.8
Legal confidence
7
Quality & amenities
8
📈 Investor
Value for money
7
Location & demand
6.2
Legal confidence
7
Downside risk
5.5
Rental strength
5.5
Liquidity
5.5
Long-term growth
6.8
Why the scores differ
End-user: Good project with meaningful tradeoffs. Exceptional self-contained township amenities (Vinschool, Vinmec, Vincom, Paradise Bay lagoon) and low density make it strong for families living within the ecosystem. However, 30+ km from Hanoi CBD with 60-90 min peak commute and no metro is a significant location drawback. Located in Hung Yen, not Hanoi — no Hanoi ho khau. Best suited for remote workers and families who prioritize resort-style living over urban convenience.
Investor: Mixed investment case, suitable mainly for long-term holders. Competitive apartment entry prices (60-83M/m2) but no secondary market data, no apartment rental track record, and developer-subsidized low-rise rents suggest early-stage demand. Massive 29,000-unit supply pipeline creates oversupply risk. Ring Road 4 (2027) is a real catalyst but metro Line 8 remains speculative. Weak near-term liquidity and rentability for a suburban satellite city project.
Price & Market
Unit price
2,14 tỷ – 65 tỷ
Rent
11 triệu – 36,3 triệu/mo
Launch price
170 triệu/m²
Est. Rental Yield6.2%
•🟢 Three apartment developers now competing within OP3 (Masterise 65-83M/m², MIK 59-70M/m², future CapitaLand) — rare buyer choice diversity within one mega-township
•🟢 Imperia Ocean City launches at 59-70M/m², undercutting Masteri Era Landmark — creates the most affordable apartment entry point in OP3
•🟡 Low-rise secondary market at 100-170M/m² trades flat vs developer prices — no meaningful appreciation for early investors yet
•🔴 All 40+ apartment towers still under construction — earliest handover Q4/2026 (Fullton villas), apartment handover not until Q1/2028-2029
•🟡 Ring Road 4 service road nearing completion (Q2/2026) will improve connectivity, but full expressway not until 2027
Should you buy here?
Best for:
✓Families wanting Vingroup ecosystem (school, hospital, mall) in one self-contained community
✓Remote workers and freelancers who prioritize resort-style living over commute time
✓First-time buyers under 4 tỷ seeking brand-new apartment with modern amenities
Not ideal for:
✗Daily Hanoi CBD commuters — 60-90 min peak each way with no metro alternative
✗Those needing Hanoi household registration (hộ khẩu) for school enrollment or services
✗Buyers wanting established neighborhood with organic street-level retail and dining
Market Trends
Low-rise prices stable at 110-160M/m² with secondary market at 100-170M/m², showing flat resale for townhouses. Apartment segment now has two competing developers: Masteri Era Landmark (65-83M/m²) and Imperia Ocean City (59-70M/m²), with MIK Group undercutting Masterise. CapitaLand’s The Fullton adds a premium villa option at 110-280M/m². Price competition between apartment developers benefits buyers.
Pros & Cons
Pros
✓12.3 ha Paradise Bay four-season lagoon
✓3 apartment developers, diverse pricing
✓Full Vingroup ecosystem on-site
✓294 ha with only 19% building density
✓Ha Noi–Hai Phong Expressway access
Cons
✗30+ km from Hanoi CBD, no metro
✗In Hưng Yên, not Hà Nội province
✗Apartment towers still under construction
✗Route 5 peak-hour congestion
Unit Types
Studio
0 Beds · 1 Baths · 29–34 m²
2,14 tỷ - 2,68 tỷ
Singles & couples
1BR
1 Beds · 1 Baths · 46–53 m²
3,22 tỷ - 4,09 tỷ
Singles & couples
2BR
2 Beds · 2 Baths · 59–75 m²
4,02 tỷ - 5,66 tỷ
Young families
3BR
3 Beds · 2 Baths · 83–100 m²
6,02 tỷ - 7,4 tỷ
Growing families
Project Details
Developer
Vingroup
Construction
Construction
Total Units
29000
Towers
40
Legal Information
Launch Date
2022-10
Construction Permit
approved
Pink Book
partial
Legal Notes
Long-term residential ownership. Delivered low-rise sub-areas have pink books issued. Masteri Era Landmark (Masterise Homes) under construction, handover Q1/2028. Imperia Ocean City The Parkland (MIK Group) launched late 2025, ground-breaking Q4/2025, handover Q1/2029. The Fullton (CapitaLand) Phase 1 handover Q4/2026.
Amenities
👨👩👧Family: Vinschool K-12 campus on-site. Vinmec hospital within Ocean City. Multiple themed playgrounds across 8 sub-areas. Gated villa communities (Dao Ngoc, Vinh Xanh) with 3-layer security for families prioritizing safety.
🏋️Fitness: Olympic-standard swimming pool, Four Seasons indoor pool, Aqua Bay water park with slides. Tennis, basketball, and multi-purpose courts. 10-sport complex in Anh Duong zone. Jogging paths along Paradise Bay lagoon.
🏖️Lifestyle: 12.3-hectare Paradise Bay four-season lagoon as the centerpiece. Mega Grand World entertainment district (shared with OP2) featuring The Venice canal quarter, K-Town Korean street, and 800+ retail shops. Marina Square event plaza for festivals and performances.
🛒Convenience: Vincom Mega Mall within Ocean City. Dedicated car and motorbike parking. 24/7 security. VinBus electric shuttle with 4 routes connecting OP1, OP2, OP3 and central Hanoi. VinFast EV charging throughout.
No metro station nearby — Hanoi Metro Line 8 proposed but no
🛍️
Mall
Vincom Mega Mall
🏫
Schools
2 nearby
🏥
Hospitals
1 nearby
Major Roads
Ha Noi – Hai Phong ExpresswayRing Road 3.5National Route 5
🔇 Low Noise🌊 Low Flood✈️ No Flight Path🛣️ Near Highway🏠 Low Airbnb
Hanoi professionals seeking spacious resort-style living outside the city, families attracted to Vingroup's school-hospital-mall ecosystem, and investors in the Hung Yen satellite city growth story. Mix of owner-occupiers in delivered low-rise zones and future apartment buyers.
🏫 International Schools
•Vinschool (K-12, within the project)
•VinUni (within Ocean City mega-township)
🏥 Hospitals
•Vinmec International Hospital (within Ocean City)
Things to consider (not deal breakers)
⚠️ Traffic
National Route 5 congestion during peak hours between Van Giang and Hanoi. Ring Road 3 interchange b...
National Route 5 congestion during peak hours between Van Giang and Hanoi. Ring Road 3 interchange bottleneck for expressway access.
→ Ha Noi – Hai Phong Expressway and Ring Road 3.5 provide alternative routes. Ring Road 4 under construction will further reduce pressure on Route 5.
🌊 Flood Risk
Low flood risk. Project sits on elevated terrain in Van Giang with internal drainage. Not in a histo...
Low flood risk. Project sits on elevated terrain in Van Giang with internal drainage. Not in a historically flood-prone zone.
→ Internal drainage and elevated land mitigate flood risk. Van Giang is not in the Red River floodplain.
🚧 Construction
Near active construction sites
More in the app
Live Heatmaps
See lifestyle & family scores for every neighborhood
Map Search
Find homes directly on an interactive map
This area scores 75 for Lifestyle Score · 67 for Family Score
Explore Vietnam
