West Lake has been one of Hanoi’s most contested pieces of residential land for more than a decade. Space on the lake shore and along Vo Chi Cong Avenue is limited, the expatriate community and international schools are already here, and large developers keep competing for the remaining plots. This guide looks at who is building around West Lake (Ho Tay) as of November 2026, from CapitaLand, Sunshine Group, Daewoo E&C and Phenikaa to the local developers behind the mid-range towers. For each project we explain what it is and whether it is finished, under construction or still selling off-plan.
Why developers compete for land around West Lake
West Lake covers more than 500 hectares of water, and homes with an open view of it are in short supply. The eastern shore around Quang An and Xuan Dieu was built out years ago with villas, small apartment buildings and serviced apartments, so new large-scale projects have moved to the western and north-western side: Lac Long Quan Street, Vo Chi Cong Avenue, the Ciputra (Nam Thang Long) urban area and the Tay Ho Tay new urban area, where Daewoo’s Starlake is located. Hanoi abolished its districts on 1 July 2025, so “Tay Ho” now means a group of wards, but the familiar neighbourhood names are still in daily use.
Several anchors have already changed the west side. Lotte Mall West Lake Hanoi on Vo Chi Cong held its grand opening on 22 September 2023, bringing a supermarket, cinema, aquarium and hotel to the area. Samsung opened its Hanoi research and development centre, a 16-storey building in the Tay Ho Tay urban area, in December 2022. Ciputra remains home to the United Nations International School of Hanoi (UNIS) and other international schools, which is why many expatriate families look for homes here.
The main developers around West Lake today
CapitaLand: Heritage West Lake
Singapore’s CapitaLand, together with Hien Duc Group, developed Heritage West Lake on Lac Long Quan Street, next to Lotte Mall. The 25-storey tower holds 173 apartments, each with its own private lift lobby, and sits beside an office tower and a separate SOHO building on the same site. When it was launched in 2023 the apartments were priced at roughly VND 100–140 million per square metre and most of them sold quickly. Handover to owners began in September 2024, so this is now a completed building, and resale units in the main tower were advertised in 2026 at around VND 146–182 million per square metre (asking prices).
Sunshine Group: Ciputra and Tay Ho Tay
Sunshine Group is the most active developer on the west side by number of projects. Its completed buildings include Sunshine City, six towers of 38 to 40 storeys with about 1,791 apartments inside Ciputra, and Sunshine Golden River, a single 35-storey tower of a little over 200 large apartments near Nhat Tan Bridge.
The group’s newer projects are still being built. Noble Crystal Tay Ho WorldHotels Residences is a branded-residence project of five 40-storey towers and close to 1,000 apartments in the Ciputra area, to be operated to the WorldHotels standard under an agreement with BWH Hotels. Press reports in 2026 said four of the five towers had topped out and that handover is targeted from 2027 (some reports name the second quarter of 2027). Its low-rise sister project, Noble Palace Tay Ho, has close to 500 villas and shop villas; reports during 2026 gave its handover start as the third or fourth quarter of 2026, so buyers should check the current position with the developer.
Daewoo E&C: Starlake (Tay Ho Tay)
Starlake is the Tay Ho Tay new urban area developed by THT Development, a company of South Korea’s Daewoo E&C. It was planned as a full new district, with villas, shophouses, offices, the Samsung research centre and land set aside for central government offices. Its villas and shophouses were completed and sold in phases over the past decade. The apartment component, marketed as The Prime (K8 plot), is newer: market data reported in August 2026 put asking prices at around VND 150–204 million per square metre, and agents list handover for 2027.
Phenikaa: Endless Skyline Westlake
Endless Skyline Westlake was developed by Nam Hung Joint Stock Company, part of Phenikaa Group, on Vo Chi Cong in the Vuon Dao area. It is a 27-storey mixed-use tower with a retail podium, about 150 two- and three-bedroom apartments for sale and upper floors planned for a hotel operated by Marriott International. Apartments were advertised for resale in 2026 at roughly VND 136–180 million per square metre, and rental listings have appeared, but we have not seen a formal handover announcement from the developer, so buyers should ask for the current status.
Masterise Homes: across the river rather than on the lake
Masterise Homes is often named in talk about north-west Hanoi, but we found no Masterise residential project on West Lake itself. Its nearest launches are LUMIÈRE- and Masteri-branded towers at Vinhomes Global Gate in Dong Anh, across the Red River, which the Tu Lien Bridge (under construction, targeted for 2027) will connect to Tay Ho. Until the bridge opens, Global Gate is a separate market.
Local developers and the mid-range market
Not every project on the west side is a high-end launch. UDIC Westlake, three towers by the state-linked developer UDIC on Vo Chi Cong, and Tay Ho Residence, a four-tower compound by Handico 7 between Vo Chi Cong and Lac Long Quan, are completed and offer more modest prices. PentStudio at 699 Lac Long Quan, developed by CTX Holdings, is a single tower of split-level apartments, many of them in a serviced-apartment programme run by The Ascott. Smaller new launches, such as Celestine Westlake on Vo Chi Cong, continue to appear.
Project status at a glance
| Project | Developer | Type | Status (November 2026) |
|---|---|---|---|
| Heritage West Lake | CapitaLand / Hien Duc | Apartment tower, 173 units | Completed; handover from September 2024 |
| Sunshine City | Sunshine Group | 6 towers, about 1,791 units | Completed and occupied |
| Sunshine Golden River | Sunshine Group | 1 tower, about 200 units | Completed and occupied |
| Noble Crystal Tay Ho | Sunshine Group | 5 towers, close to 1,000 units | Under construction; handover targeted from 2027 |
| Starlake – The Prime | THT Development (Daewoo E&C) | Apartment towers | Selling; handover listed for 2027 |
| Endless Skyline Westlake | Nam Hung (Phenikaa) | Mixed-use tower, about 150 units | Resale and rental listings in 2026; formal handover not announced |
| UDIC Westlake | UDIC | 3 towers, about 408 units | Completed |
| Tay Ho Residence | Handico 7 | 4 towers and townhouses | Completed |
| PentStudio | CTX Holdings | Single tower, split-level units | Completed; serviced apartments by The Ascott |
Infrastructure: open, under construction and planned
Lotte Mall West Lake, the Samsung research centre, Vo Chi Cong Avenue (part of Ring Road 2) and Nhat Tan Bridge are open and already shape daily life. The Tu Lien Bridge (targeted for 2027) and the widening of the road around West Lake (started in August 2026, due around 2030) are under construction. The plan to move central ministries to about 35 hectares in Tay Ho Tay, approved in 2023, had still not reached construction by November 2026, so it should be treated as a long-term plan; our article on West Lake condo prices covers these drivers in more detail.
What the competition means for buyers and tenants
The main result of so many large developers working in one area is a two-tier market. New branded and high-end launches on the west side are generally being offered at well above VND 150 million per square metre, while completed towers from the previous decade still trade at noticeably lower levels. For current price ranges by project, see our companion article on condo prices in the western area of West Lake. Tenants benefit from the same mix of completed apartments at different budgets.
Foreign buyers can own apartments in Vietnam within limits set by the Law on Housing 2023, which took effect on 1 August 2024, including caps on the share of foreign-owned units in each building and a term of ownership that can be renewed. Projects with many foreign buyers can reach the cap, so check the foreign quota for a specific building before paying a deposit, and have a lawyer review contracts for off-plan units. Our guide to owning property in Vietnam explains the process in more detail.
Frequently Asked Questions
Which developers are active around West Lake in Hanoi?
The largest names on the west side are CapitaLand (Heritage West Lake), Sunshine Group (Sunshine City, Sunshine Golden River and Noble Crystal Tay Ho), Daewoo E&C through THT Development (Starlake) and Phenikaa (Endless Skyline Westlake). Local developers such as UDIC, Handico 7 and CTX Holdings have completed mid-range towers in the same area.
Is Heritage West Lake finished?
Yes. CapitaLand and Hien Duc began handing over apartments in September 2024, and units now trade on the resale and rental market.
When will Noble Crystal Tay Ho be completed?
Sunshine Group’s target is to start handover from 2027, with some reports naming the second quarter of 2027. The project was still under construction in late 2026, so check the latest schedule with the developer.
Does Masterise Homes have a project on West Lake?
We did not find one. Its nearest projects are at Vinhomes Global Gate in Dong Anh, across the Red River, which the Tu Lien Bridge will connect to Tay Ho once it opens.
