Eastern Hanoi, particularly the bordering areas of Gia Lam (Hanoi) and Van Giang – Hung Yen, is emerging as a real estate hotspot thanks to its synchronized transport infrastructure. With the Hanoi – Hai Phong Expressway, the 3.5 Ring Road, and future metro lines, this area promises quick connectivity to the city center in just 20-30 minutes.
Vinhomes Ocean Park 2 and 3 – two mega-urban developments by Vingroup – serve as the ideal “launchpad,” spanning thousands of hectares. They feature the Wonders Wave Park, Empire Park, and a resort-style amenity system.
Masterise Homes is reportedly owning over 34 high-rise apartment buildings in the two mega-urban areas of Vinhomes Ocean Park 2 and Vinhomes Ocean Park 3, located in Nghia Tru commune, Hung Yen province – an area considered the new “Eastern Hanoi.”
According to real estate experts, this is not merely about project development but a profound strategic calculation by Masterise Homes to position its brand, capture market share, and shape the future urbanization of Hanoi’s eastern region.
Masterise Homes is reportedly owning over 34 high-rise apartment buildings in Vinhomes Ocean Park 2 and Vinhomes Ocean Park 3
Among the 34 apartment buildings (with a low construction density of 17-30% depending on the cluster), Masterise Homes is developing two projects in Vinhomes Ocean Park 2 (Hung Yen). The cluster of four buildings at Wonders Wave Park has reached the 27th floor and is preparing for topping out, with expected handover in 2027. The nine-building Masteri Trinity Square cluster (covering approximately 8 hectares) is under construction, focusing on an open design with low density.
At Vinhomes Ocean Park 3, Masterise Homes is preparing to develop 10 buildings along Thoi Dai 15 Street, encompassing the Thoi Dai and Western Bay subdivisions.
Masterise Homes has established its brand as a “luxury real estate developer” with notable projects like Grand Marina Saigon (in partnership with Marriott, comprising eight towers) and The Grand Hanoi (managed by The Ritz-Carlton).
Now, the developer is investing in strategic products in the eastern region, demonstrating its ambition to create a resident ecosystem here, meeting market trends that prioritize living experiences with sustainable values.
Within the 15-building cluster around the Royal Wave Park, Masterise has constructed four buildings. These are expected to be handed over in the fourth quarter of next year.
Observations show that Eastern Hanoi is “heating up” due to a rapid increase in population (projected at 20-30% annually) and an infrastructure “boom” (metro line 8, expressway). By 2027, when all 34 buildings are completed, Eastern Hanoi could welcome an additional 50,000 residents, becoming a new residential hub with comprehensive amenities. Masterise Homes is not just building homes but “painting” a future urban landscape.
The construction of dozens of high-rise buildings in Eastern Hanoi exemplifies Masterise Homes’ strategic vision: “Our vision when entering these high-potential areas is to meet diverse housing needs and create a civilized, vibrant urban area,” shared Ms. Tran Thi Thanh Nhan, Business Management Director of the LUMIÈRE SpringBay project.
In reality, with dozens of apartment buildings under construction, Masterise Homes is becoming a leading real estate developer in terms of apartment unit volume. In a context where the demand for apartments in the capital remains high, these tens of thousands of units are Masterise Homes’ “nest egg.”
With dozens of apartment buildings under construction, Masterise Homes is becoming a leading real estate developer in terms of apartment unit volume.
Phan Nam
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