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Explore Vietnam
1 of 11 delivered
Vingroup
1 of 11 sub-zones delivered · 10 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.
Better for long-term living than for investing.
Northern Vietnam's most ambitious resort township — 294 hectares of themed low-rise sub-zones and the 12.3-hectare Paradise Bay lagoon, with three independent apartment developers offering entry from under 2 tỷ to over 68 tỷ VND. The binding trade-off is location: 30+ km from Hanoi's CBD with no metro means this is a lifestyle commitment, not a commuter address.
Homeowner: A solid resort township for homeowners who accept a long commute in exchange for space and amenity. Tier-1 Vinhomes execution, 19% construction density, and the 12.3-hectare Paradise Bay lagoon put livability well above typical suburban alternatives; Vinschool K-12 is planned on-site and pink books are issued for the delivered low-rise sub-zones. The binding constraint is location: 30+ km from Hanoi's CBD with no metro means 60–90 min peak-hour commutes each way, and all apartment towers are still under construction.
Investor: A Van Giang urbanization thesis, not a rental yield play. Ring Road 4 (Hung Yen section ~70% complete, June 2026 parallel road target) and Van Giang's Type III urban upgrade provide real near-term catalysts, and three independent developers reduce single-sponsor concentration risk. The concern is supply: over 14,000 apartments are actively under construction within OP3, and Imperia Ocean City's full 35,000-unit ambition compounds long-term absorption risk. Rental yields will be modest until the township community matures significantly.
| Market range | 59 triệu – 300 triệu/m² |
| 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 | 73 triệu/m² | 1.8 km |
| Ecopark | 72,4 triệu/m² | 4.2 km |
| Vinhomes Ocean Park 1 | 75 triệu/m² | 4.7 km |
Primary apartment pricing has entered the 60–90M/m² range across three competing developers, while low-rise prices remain stable at 110–160M/m² — but no secondary apartment market benchmark exists yet.
| Developer | Vingroup |
| Status | 1 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 have pink books and red books (sổ đỏ) issued — commercial low-rise buyers at Vinhomes Ocean Park received sổ đỏ, confirmed April 2025. Over 2,500 households moved in across OP3 sub-zones by May 2024; Thời Đại was the first sub-zone to hand over (Q3 2023). The Fullton (CapitaLand, 342-unit Phase 1) targets Q4/2026 handover; Phase 2 (~350 units) targeted 2027. Masteri Era Landmark (Masterise Homes, 10 towers, ~5,200 units) launched sales Nov 2025, targets Q1/2028 handover. Imperia Ocean City – The Parkland (MIK Group, 9 towers, 5,652 units) ground-broken Jan 12 2026, targets Q1/2029 handover. CapitaLand–Vinhomes strategic partnership (USD 800M for The Fullton) announced May 2025. Project address references Tân Tiên ward, Hưng Yên province following the July 2025 Hưng Yên–Thái Bình merger; issued certificates and contracts unaffected. |
Vinhomes Ocean Park 3
| CBD (peak) | 49 min |
| CBD (off-peak) | 48 min |
| Airport (peak) | 59 min |
| Airport (off-peak) | 59 min |
Hanoi professionals who prefer spacious resort-style living over short commutes, families seeking a self-contained community with the Vingroup education and healthcare ecosystem, and investors positioned on Van Giang's urbanization trajectory. The resident mix spans households in the delivered low-rise sub-zones and future apartment buyers across the three under-construction high-rise sub-zones.
