The Magnolia Private Residences – Quiet Luxury Just 5km from Old Quarter
The Magnolia Private Residences is an ultra-luxury condominium project by MIK Group, positioned as a “quiet luxury” urban oasis in the Nguyen Gia Bong street of Long Bien district, Hanoi. Launched in early 2026, it targets affluent buyers seeking exclusivity, privacy and resort-style living. Potential buyers include multigenerational families, business executives or entrepreneurs (valuing private lifts and high-end service), as well as foreign diplomats/expats or investors interested in a premium Hanoi address. The project’s unique selling points – private elevator access for ~90% of units, panoramic Red River views, European-designed interiors (Benoy/HBA), supercar display gallery and extensive 5-star amenities – appeal to those desiring a tranquil, elegant lifestyle in a well-connected location. Key personas range from wealthy couples and families to luxury investors, as well as discerning executives who prioritize privacy and quality.
Project Facts & Specifications
Project: The Magnolia Private Residences
Location: Nguyen Gia Bong Street, Bo De ward, Long Bien district, Hanoi – 5.3 km from Old Quarter. (3 min to Tran Hung Dao Bridge; 10 min to Hoan Kiem lake; 20 min to Noi Bai Airport.)
Developer: MIK Group (MIK Land). MIK is partnering with international designers: Benoy (architecture), HBA (interiors) and Turner (construction management).
Site Area: ~2.2 hectares (≈5.4 acres). Two high-rise towers (33 floors + 2 basements): one office tower and one residential tower. Total build includes ~645 units.
Product Mix: 645 luxury apartments (2–6 bedrooms) in various formats:
Legal/Ownership: Pink Book (long term for vietnamese and 50 years for foreigners)
Completion Time: Quarter II, 2028
Pricing: From 109M VND to 139M VND /sqm
Amenities & Lifestyle
The Magnolia offers 30+ integrated resort-style amenities designed for a gated community feel. Highlights include two swimming pools (an infinity-edge “resort” pool plus a 4-season climate-controlled pool), an exclusive wellness spa/sauna, high-end lounge and café areas, and fully-equipped fitness and yoga studios. Outdoor amenities include a landscaped central park, Zen garden, jogging paths and multiple sports courts (tennis/multi-sport). Family-friendly features include indoor and outdoor children’s play zones, a dedicated daycare/education area, and community clubrooms. A luxury retail podium (shophouses and mini-mall) at the base provides boutiques, cafes and fine dining. Service amenities include a professional concierge, 24/7 multi-layer security (access card control and CCTV), and private basement lobby – all reinforcing the project’s “private residences” concept. Residents thus enjoy a “city resort” lifestyle: private and serene, yet minutes from Hanoi’s cultural and business hubs.
Buyer FAQs
Q: Who is the developer and is the project reliable? A: Developed by MIK Group, a reputable Vietnamese firm. International consultants (Benoy/HBA/Turner) ensure world-class design and construction standards.
Q: What amenities are included? A: Over 30 luxury amenities: indoor/outdoor infinity pools, spa/sauna, gym & yoga facilities, sports courts, children’s play areas, landscaped parks and a mini shopping plaza. Full concierge and 24/7 security are provided.
Q: Can foreigners buy The Magnolia apartments? A: Yes, with 50 year ownership and a Pink Book.
Q: What is the price range? A: Pricing is not yet finalized. Early reports suggest an ultra-luxury bracket (~109–139 million VND/m²), but actual prices will depend on unit type and finalized plans. Buyers can contact the developer sales hotline for details (special launch incentives may apply).
Q: How to buy The Magnolia? A: Consultation –> Refundable Reservation –> Convert Reservation to Deposit –> Contract –> Payments
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