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13 of 13 delivered
Vingroup
13 of 13 sub-zones delivered
Hanoi's largest self-contained smart township — 280 ha with Vincom Mall, Vinschool, Vinmec, 3 parks spanning 26.8 ha, and Metro Line 5 under construction at the doorstep.
280-hectare mega-township in West Hanoi by Vingroup, one of the largest urban developments in the capital. 58 apartment towers across 13 subdivisions — from entry-level Sapphire to premium Lumière Evergreen — plus villas and shophouses. Features a 10.2-hectare Central Park with artificial beach lake, 6.1-hectare Japanese Zen Park, 10.5-hectare Sportia sports complex, Vincom Mega Mall (68,000 m²), Vinschool K-12, and Vinmec International Hospital. Strong expat community, especially Korean and Japanese residents. Positioned at the planned intersection of Metro Lines 5, 6, and 7, with Line 5 (Văn Cao–Hòa Lạc) under construction.
Balanced for both homeowners and investors.
Vinhomes Smart City is Hanoi's most complete self-contained township — Vinschool K-12, Vinmec International Hospital, and Vincom Mega Mall all operating on-site, priced roughly 22% below upper-mid peers. The key compromise is location: peak commutes to the CBD run 40–50 minutes and Thăng Long Avenue generates persistent highway noise.
Homeowner: A strong choice for homeowners, particularly families and expats. The development's self-contained Vingroup ecosystem — Vinschool K-12, Vinmec International Hospital, Vincom Mega Mall, and 26.8 ha of parks all operating on-site — is a rare package in Hanoi. Priced roughly 22% below the upper-mid peer median, it offers real value for what's delivered. The honest tradeoff: persistent highway noise from Thăng Long Avenue and peak commutes of 40–50 minutes to the CBD.
Investor: A solid investment backed by liquidity, not discount. Vinhomes Smart City has one of West Hanoi's most active secondary markets, a proven expat tenant pool, and Metro Line 5 under visible construction targeting a nearby station by 2030. The structural challenge is scale: with 40,000+ total units, rental yields in the district are compressed to roughly 3–4% and near-term capital appreciation has moderated from early-cycle highs. Best positioned for buy-and-hold investors aligned with the metro thesis.
| Market range | 45 triệu – 300 triệu/m² |
| Unit price | 12 tỷ – 25 tỷ |
| Rent | 4 triệu – 40 triệu/mo |
| Launch price | 33 triệu/m² |
| Project | Price | Distance |
|---|---|---|
| Vinhomes Smart City | 90,1 triệu/m² | — |
| Mailand Hanoi City | 220 triệu/m² | 3.3 km |
Secondary pricing at approximately 90M/m² project-wide reflects a settled, liquid market — neither accelerating nor softening — with newer sub-zones like The Canopy Residences entering the resale pool for the first time.
| Developer | Vingroup |
| Status | 13 of 13 delivered |
| Completion | 2020 |
| Total Units | 98 |
| Towers | 58 |
| Launch Date | 2018-11 |
| Handover | 2020 |
| Construction Permit | Approved |
| Pink Book | Partial |
| Pink Book % | 70% |
| Legal Notes | Delivered sub-zones (Sapphire 1-4, Miami/Grand Sapphire, Sakura, Tonkin, Imperia Smart City, Masteri West Heights, Canopy Residences) hold pink books at approximately 70% project-wide issuance. Tonkin delivered September 2024; Sakura July 2025; Canopy Residences fully delivered July 2025; Miami/Grand Sapphire January 2026. Lumiere Evergreen handover started May 2026 (Masterise Homes, Coteccons contractor); pink book procedures to follow standard 9-12 month post-handover timeline. Sola Park (MIK Group) handover targeted March 2027 for G1/G2/G3 and June 2027 for G5/G6. Vietnamese citizens: long-term ownership; foreigners: 50-year term. May 2026 search found no new pink book batch announcement — coverage expected to rise as Canopy and Lumiere Evergreen complete post-handover registration. |
Vinhomes Smart City
| CBD (peak) | 38 min |
| CBD (off-peak) | 26 min |
| Airport (peak) | 57 min |
| Airport (off-peak) | 51 min |
Mixed community of young Vietnamese professionals, families, and a sizeable expatriate population — particularly Korean, Japanese, and Western residents working in the Mỹ Đình–Cầu Giấy business corridor. Active resident networks and a well-established neighbourhood feel characterise the earlier sub-zones; newer sub-zones such as The Canopy Residences and Lumiere Evergreen are still building community.
