Splendora: a buyer's guide

Splendora is the commercial name for the Bắc An Khánh New Urban Area, a roughly 264-hectare master-planned township on Đại lộ Thăng Long (Thăng Long Boulevard) in Hoài Đức district, on Hanoi's western edge. An Khanh JVC began developing the site in the mid-2000s as a 50/50 joint venture between Vietnam's Vinaconex and South Korea's POSCO E&C, with an original investment plan in the region of USD 2 billion — one of the larger single land grants in Hoài Đức district.

Ownership has changed since then. POSCO E&C sold its stake to Phú Long Real Estate in 2018, and Vinaconex later transferred its share to Pacific Star Investment and Development JSC, which today co-owns the project alongside Phú Long. Since January 2022 the wider township has been marketed under the name Mailand Hanoi City, though 'Splendora' remains the name most buyers, agents and long-time residents still search for and use — especially for the completed first phase.

The township mixes mid- and high-rise apartment blocks with low-rise villas, adjoining houses and shophouses across several sub-zones — roughly 6,440 apartments and 1,311 villas and shophouses in total. Development has come in phases: the first was substantially delivered in 2013, and a second phase resumed construction at the end of 2017 after a multi-year pause tied to the project's ownership changes. Some sub-zones are complete and occupied; others are still building out, so it pays to treat Splendora less like a single building and more like a small town — worth walking the specific block before committing to a unit.

Buyers comparing Splendora with Hanoi's other big western townships, such as Gamuda Gardens further south, should note that its long and occasionally troubled construction history is now also part of its case: much of what is built has been standing and occupied for close to a decade, tested by real residents rather than existing only as a rendering on a sales-office wall.

Splendora was designed as a self-contained township rather than a single building, and daily life reflects that. St Paul American School Hanoi operates a campus inside the urban area — with a swimming pool, a mini football pitch and shaded study areas — alongside a system of kindergartens and general schools, so families are not forced into a daily commute for schooling. A central lake and park anchor the township's public space, and the Splendora clubhouse adds tennis courts, a swimming pool, a gym and a restaurant and retail strip within walking distance of most blocks.

For connectivity, Splendora sits on Đại lộ Thăng Long, giving fairly direct road access east toward central Hanoi and west toward the Hòa Lạc high-tech corridor. Agents and the developer typically quote around 30 minutes to Hoàn Kiếm Lake, Nội Bài International Airport and Hòa Lạc in normal traffic, with the National Convention Centre, Vincom Mega Mall and Bảo Sơn Paradise Park only a few minutes away, and Mỹ Đình National Stadium around 12 minutes' drive. There is no metro line serving Hoài Đức at present, so a car or motorbike is effectively required — a real change for buyers used to walkable central Hanoi.

Investors and owner-occupiers tend to weigh Splendora differently. For a family that wants an on-site international school and a lower-density, gated environment over a central address, the trade works in Splendora's favour; for a buyer who wants to walk to the Old Quarter or West Lake, it does not. Rental demand on the completed blocks has historically leaned on the school and the township's own retail and services rather than proximity to any single office district — worth factoring in if the plan is to let the unit out rather than live in it full time.

The paperwork: from reservation to Pink Book

Buying at Splendora follows Vietnam's standard sequence: a reservation, a Sale & Purchase Agreement (SPA), and — for any unit still on a developer payment schedule in the later, still-building sub-zones — confirmation that a bank guarantee is in place before you pay a deposit. Ownership is then registered on the Pink Book (Sổ hồng). For villas and shophouses, remember that the structure is titled to you but the underlying land is not: it stays outside foreign ownership under the Land Law 2024, the same as for an apartment. Given the township's multi-owner history, confirming the seller's identity against the Pink Book and the specific block's quota headroom is exactly the kind of due diligence worth commissioning from a local lawyer before you sign; once you take possession, day-to-day matters from service charges to the owners' general assembly are typically handled through professional property management.

This page cites the following official texts. Figures on tenure, quota and indicative fees follow our locked legal reference set, cross-checked against these sources as of July 2026.

• Housing Law 2023 (Luật Nhà ở, No. 27/2023/QH15), in force since 1 August 2024.
• Land Law 2024 (Luật Đất đai, No. 31/2024/QH15), in force since 1 August 2024.
• Decree 10/2022/ND-CP on registration fees (cited textually — no verified official URL).
• Circular 92/2015/TT-BTC on personal income tax for real-estate transfers (cited textually — no verified official URL).