About Long Bien District, Hanoi
Hanoi's real estate story has in many ways been more consistent than Ho Chi Minh City's — a steadier pace of urbanisation, lower supply volatility, and a government centre that drives steady leasing demand from diplomatic and multinational tenants. Long Bien district, on the eastern bank of the Red River, is Hanoi's fastest-growing residential zone, connected by multiple Red River bridges and earmarked for the new Hanoi Metro Line 1 (completion 2028). The riverfront position — with views across to Hoan Kiem's heritage core — is a genuine lifestyle differentiator.
About Masterise Homes Hanoi
Having established its brand in Ho Chi Minh City with Grand Marina Saigon, Masterise Homes is now expanding to Hanoi with Grand Park — a development that brings similar Marriott-affiliated branding to the capital's riverfront. The Hanoi launch benefits from lessons learned in HCMC and a more favourable supply environment in the luxury segment.
Project Overview
Grand Park Hanoi is an 8-hectare mixed-use development on the Red River bank in Long Bien, featuring 2,500 residences across four towers (28–42 floors) plus a retail podium and serviced apartment component. Towers 1 and 2 are currently in active sales. The development's central feature is a 1.2-hectare riverfront park integrated into the podium — the longest riverside park frontage of any residential project in Hanoi.
- 1.2 km of Red River frontage with dedicated riverfront park
- Marriott International co-branded services for residents
- Olympic-standard aquatics centre (50m pool, diving tanks)
- International school campus within the mixed-use precinct
- Smart parking with automated retrieval system
- River-view infinity pool at rooftop level (Level 42)
Unit Types & Configuration
- 1 Bedroom — 48–68 sq m
- 2 Bedroom — 85–120 sq m
- 3 Bedroom — 145–195 sq m
- 4 Bedroom Sky Loft — 240–320 sq m duplex
Pricing
One-bedroom residences from VND 3.8 billion (approximately USD 150,000). Two-bedroom from VND 6.5 billion. Three-bedroom riverfront units from VND 12 billion (approximately USD 475,000). Four-bedroom sky lofts are priced from VND 22 billion. All units are on a 50-year leasehold for foreign buyers.
Investment Verdict
Positives:
- Hanoi's diplomatic and MNC leasing market provides a high-quality, stable tenant base for furnished 2-3 bed units
- Red River frontage is a permanent amenity — no development can block these views
- Price per sq m of USD 2,000–4,000 represents excellent value against HCMC or regional comparables
Watch Points:
- Long Bien's road infrastructure is under pressure — commute to the Old Quarter takes 25–40 minutes at peak
- Metro Line 1 delivery risk: Vietnamese infrastructure projects have a history of delays; don't price in connectivity until it arrives