Masterise, a leading real estate developer, is set to transform the landscape with 34 residential towers across two mega projects: Vinhomes Ocean Park 2 and Vinhomes Ocean Park 3, located in Nghia Tru commune, Hung Yen province, just 20 km east of Hoan Kiem Lake. With Hanoi’s annual apartment supply ranging between 20,000 and 30,000 units, these developments are poised to become market leaders. Pictured above are the locations of Masterise’s towers in Ocean Park 2 (top) and Ocean Park 3 (bottom).
Of the 34 towers, 24 are situated in Ocean Park 2, divided into two clusters: 15 towers encircling the Royal Wave Park (Lumiere SpringBay) and 9 towers along the central Empire Park (Masteri Trinity Square). Pictured here is the Lumiere SpringBay project.
Within the 15-tower cluster surrounding the Royal Wave Park, Masterise has completed 4 towers, scheduled for handover in Q4 next year. Construction is progressing rapidly, with buildings already reaching 27 floors and nearing topping-out.
Lower floors are now being fitted with glass and air conditioning units, while the lowest levels are undergoing wall painting and flooring installation.
The 9-tower cluster along Empire Park, known as Masteri Trinity Square, spans over 8 hectares with a low construction density of just 17%.
Despite a 2027 handover date, construction is advancing swiftly. The slowest tower has reached 2 floors, while the fastest is at 7-8 floors, with an average weekly increase of one floor.
Masteri Trinity Square boasts 36 amenities, including a 50m outdoor pool, sports facilities like golf, badminton, pickleball, and tennis, and an ocean-themed children’s playground. Six months post-launch, the project is nearly sold out.
At Vinhomes Ocean Park 3, Masterise is developing 10 residential towers along Thoi Dai 15 Street, encompassing the Thoi Dai and Vinh Tay subdivisions.
Currently, Masterise is focusing on 6 towers, with the 3 nearest to Vincom Mall progressing fastest, supported by a large workforce and machinery.
While the central 4 towers are yet to begin construction, significant machinery and building materials are already on-site.
Details about these 10 towers remain limited. However, with Ocean Park 2 units nearly sold out and foundation work nearing completion, these towers are expected to launch soon.
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