The Vesta Phu Lam
Phu Luong Ward, Hanoi · Open in Google Maps
No homes listed right now
The Vesta is a social housing project located in Phu Luong Ward, Hanoi, invested by Hai Phat Invest on a land area of over 4.5 hectares. The project consists of five high-rise buildings with more than 1,900 apartments ranging in size from 48–69 m², which have been handed over and have been occupied by residents for many years.
- Location
- Phu Luong Ward, Hanoi
- Developer
- Hai Phat Investment Joint Stock Company (Hai Phat Invest)
- Status
- Handed over
- Property types
- Nha o xa hoi
Overview
The Vesta is the trade name of the Phu Lam Social Housing Project, developed by Hai Phat Investment Joint Stock Company using non-state budget capital, with a total investment of approximately VND 2,300 billion.
The project commenced in May 2015 on a plot of land exceeding 4.5 hectares, comprising five high-rise buildings designated CT01–CT05 along with a basement. The total floor area is over 171,000 m² excluding the basement, with a construction density of 43.8%. The entire project includes over 1,900 apartments with sizes ranging from 48 to 69 m². The first floor is dedicated to commercial services and community activities, while apartments are located from the second floor upwards.
The project offers both sales and rental options. For rental units, tenants who complete five years of rental are eligible to switch to purchasing according to regulations. Between January and March 2025, the Hanoi Department of Construction announced that 408 units in this project were eligible for purchase applications.
Note on figures: There are inconsistencies in the published figures, sometimes stating 1,902 or 1,904 units and 18 or 19 floors. This page uses approximate figures to reflect the accuracy of the data.
Location
The project is located in the Phu Lam clean industrial zone, formerly Phu Lam ward, old Ha Dong district. From July 1, 2025, the entire area and population of Phu Lam ward will be merged into Phu Luong ward, Hanoi City.
The area is adjacent to National Highway 6 and National Highway 21B, near the Cat Linh – Ha Dong metro line. Surrounding it are a cluster of educational institutions including Dai Nam University (approximately 300m away), Phenikaa University, Hanoi University of Architecture, the Post and Telecommunications Academy, and the College of Economics and Technology for Commerce.
Scale
Over 4.5 hectares. Five high-rise buildings (CT01–CT05), approximately 18–19 stories high, with one basement level. Over 1,900 apartments, ranging in size from 48–69 m². Total floor area over 171,000 m² (excluding basement), building density 43.8%.
Legal status
Updating
Progress
Construction began in May 2015. The apartments have been handed over, and residents have been living there stably for many years. Between January and March 2025, the Hanoi Department of Construction announced that the project is eligible to accept applications for the purchase of 408 units that were previously leased for 5 years and are now being offered for sale.
Suitable for
Young families and workers with genuine housing needs who are eligible to purchase social housing according to regulations; people working or studying in the cluster of universities in southwestern Hanoi; those who prioritize moderately sized, completed apartments that are ready to move into immediately.
Amenities
- Preschool
- Sportsman
- Commercial service kiosks on the first floor
- Underground parking
- Near the Cat Linh – Ha Dong metro line.
- Adjacent to National Highway 6 and National Highway 21B
- Near the cluster of universities in southwest Hanoi.
Strengths
- It has already been handed over and is in operation, with residents living there for many years; it is not a product under construction.
- Apartments ranging from 48–69 m² are suitable for young families and working professionals with a genuine need for housing.
- Located amidst a cluster of universities in southwestern Hanoi, it's convenient for those looking to sublet.
- Directly connected to National Highway 6 and National Highway 21B, near the Cat Linh – Ha Dong metro line.
- The Hanoi Department of Construction has announced that the project is eligible to accept applications for purchase in the first phase of 2025.
Things to consider
- As it is social housing, the conditions for buying, selling, and transferring ownership are bound by law. The target group for applications in the 2025 phase is limited to customers currently renting in the project for five years. Buyers need to verify the eligibility and timeframe before making a transaction; it is not as flexible as commercial apartments.
- The project has been in operation for nearly a decade. Construction began in May 2015, with the final blocks handed over around late 2019 to early 2020. The entire building, elevators, and technical infrastructure have been in use for many years; this is a real, operational product, not a brand new one.
- The published data on the total number of units and floors is inconsistent across sources, and no official source has published the certificate issuance status. Interested parties should directly check the records of that specific apartment with the relevant authority.
Machine-translated from the Vietnamese listing.
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