Tay Ho has long established itself as one of the most desirable living areas in Hanoi, known for its poetic natural landscapes and modern, well-planned infrastructure. The real estate market here—especially the high-end condominium segment—remains vibrant, marked by the emergence of numerous premium projects. In 2024, both investors and homebuyers continue to show strong interest in Grade A luxury apartment developments.
In this article, to help customers gain a comprehensive overview and make the most suitable choice based on their needs and financial capability, the expert team at Sen Vàng has conducted an in-depth analysis of two prominent projects in Tay Ho: Heritage Westlake – a symbol of luxury and elegance, and Sunshine Riverside – a livable urban complex featuring comprehensive amenities and a premium living environment.
Tay Ho District. Source: Senvang synthesis
See more: Tay Ho district market research report
Which apartment should you buy in Tay Ho: Heritage Westlake or Sunshine Riverside?
Finding a satisfactory apartment is never an easy task, especially for first-time buyers. With the growing number of high-rise buildings and condominiums, making the right choice requires careful consideration of various factors. Below is a brief overview of two notable projects to assist customers in their buying and investment decisions.
Apartment project image. Source: senvang synthesis
See more: Real estate projects in Tay Ho district
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PROJECT BASIC INFORMATION |
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Project’s name |
Sunshine Riverside Phú Thượng. |
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Investor: |
Capital Land Joint Stock Company – Hien Duc |
Sunshine Group |
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Project location: |
Lot D7, Area 18.6ha, No. 677 Lac Long Quan, Phu Thuong Ward, Tay Ho District, Hanoi. |
Land plot CT – 03A – CT. Belongs to land plot CT – 03 Nam Thang Long Urban Area. |
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Total investment: |
5000 billion |
3.000 billion |
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Project scale |
Comprising three 25-storey residential towers. |
Rising 32–34 storeys above ground with 2 basement levels. |
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Construction density: |
47,5%. |
35% |
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Construction scale: |
8.971m2 |
123,991 m2 |
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Number of apartments |
380 |
932 |
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Area |
Officetel: 21,367m2 (45-83m2) Commercial area: 19,323m2 (92-180m2) |
57 to 114 m2 |
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Design |
Design concept: DPA Architects. Landscape design: LaTerra Design. |
Sunshine – Design Joint Stock Company |
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Construction unit |
Hoa Binh Construction Group |
Vinaconex 1 and Vinaconex 9 |
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Start time |
8/2021 |
QIV/2016 |
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Deliver time |
QII/2024. |
QIV/2018 |
See more: Summary of rental market in Tay Ho area
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Criteria / Project |
Heritage West Lake |
Sunshine Riverside |
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Location |
✅ |
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Investor potential |
✅ |
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Construction quality and construction and operation units |
✅ |
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Overall design planning and interior handover |
✅ |
Project comparison review
After thorough analysis and evaluation, Sen Vàng concludes that Heritage West Lake is better suited for those seeking a high-quality residence or looking to combine living and business purposes—especially targeting foreign professionals and expatriates with rental demand.
However, if financial considerations are more moderate, Sunshine Riverside is also a worthy option to consider.
Why is that?
In the following section, we will provide a detailed comparison and analysis to help you make an informed decision when choosing a luxury apartment project in Tay Ho.
See more: Analysis of some other outstanding projects in Tay Ho district
Actual location of the projects. Source: Senvang synthesis
In reality, real estate projects in Tay Ho District and its surrounding areas have shown a consistent tendency to increase in value, thanks to their location within Hanoi’s administrative core. However, when considering purchasing an apartment, it is important to evaluate specific criteria, as there are still subtle differences between individual projects.
According to experts at Sen Vàng, Sunshine Riverside holds a stronger advantage in terms of location compared to Heritage Westlake. Situated on the southern bank of the Red River, right at the foot of Nhat Tan Bridge, Sunshine Riverside enjoys a prime position with direct access to the key Vo Chi Cong boulevard, which connects seamlessly to the city center and major districts.
In Hanoi, few developments possess such a symbolic and strategically significant location as Sunshine Riverside. It is even regarded as one of the most auspiciously positioned projects in terms of feng shui.
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REVIEW, SCORE AND COMPARE LUXURY PROJECTS IN TAY HO |
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Project |
Heritage westlake |
Sunshine riverside |
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Location |
Location (District, Commune, Commune …) |
Lot D7, Area 18.6ha, No. 677 Lac Long Quan, Phu Thuong Ward, Tay Ho District, Hanoi. |
Land plot CT – 03A – CT. Belongs to land plot CT – 03 Nam Thang Long Urban Area. |
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Located on the main road |
On Lac Long Quan axis |
Intersection, open, on 40 m road axis |
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Regional planning |
Located in the Nam Thang Long – Ciputra complex, Sunshine River Side also benefits from being an important piece of Hanoi’s first international urban area, which has been well planned with the existing residential community. |
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View |
Open view North facing LOTTE Tay Ho East, Southeast facing West Lake West facing Ciputra Urban Area However, the lake view ratio of apartments in the project is not too high |
– North view of Red River – South view of West Lake – East view of Nhat Tan Bridge – West view of city |
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Traffic in and out of the project |
– Heritage Westlake is close to the center of Hanoi, the old quarter, Hoan Kiem Lake or to the new administrative center in the West via Lac Long Quan, Nguyen Hoang Ton, Buoi, Thuy Khue, Hoang Hoa Tham, Hoang Quoc Viet streets. From the project, it is also very quick to connect to Noi Bai airport via Vo Chi Cong street extending to Nhat Tan bridge. – Narrow road, traffic is easily congested during rush hours |
– Located in the vibrant West Lake area, convenient for moving and connecting – Traffic around the apartment is very special, with flexible connectivity, each resident can travel conveniently thanks to key infrastructure such as: modern Ring Roads such as Ring Road 2, Ring Road 3, elevated train line No. 2, Nam Thang Long – Tran Hung Dao route, … |
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Environment |
– West Lake and the surrounding park create a large green space, helping to improve air quality and provide an ideal living environment for residents. This area also stands out with its rich external facilities, from entertainment areas, schools, hospitals to shopping centers – Close to the edge of West Lake, near crowded and bustling entertainment areas. |
Belonging to Ciputra Nam Thang Long urban area, Tay Ho District, Hanoi, it is a familiar and ideal living place for many elite people, the upper class and the international community. |
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Regional connectivity |
– To the internal administrative center: About 7-8 km (15-20 minutes) to Hoan Kiem and Ba Dinh districts. – To the peripheral administrative center: 3-5 km (about 10 minutes) to Ciputra urban area. – Important traffic connections: Noi Bai Airport 20 km (25-30 minutes); Hanoi Railway Station 8-9 km (20 minutes); My Dinh Bus Station 7 km (15 minutes). – Connecting essential needs: Lotte Mall 5 minutes; hospitals and international schools within a radius of 10-15 minutes. – The project has a good regional connectivity location, convenient for both travel needs and living amenities. |
Adjacent to Nhat Tan Bridge 500m, West Lake Water Park 1km, Hoa Binh Park (5km), Flower Valley (1,), United Nations International School (UNIS) (1), Hoan Kiem Lake 9km, My Dinh Bus Station only 9km, Thang Long Bridge, Vo Chi Cong, Ring Roads 2, 3, Gia Lam Airport, … creating a tight system for residents to connect to the region, access key areas according to personal needs easily. – The project is located near major commercial centers such as Aeon Mall, Aeon Mall Long Bien, FLC Golf Course to meet the shopping and entertainment needs of residents. – Sunshine RiverSide is 18 km from Noi Bai Airport |
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See more: Tay Ho district planning in Hanoi city development program to 2030
Although Heritage West Lake project has a “golden” location near West Lake, the road axis is not too wide, easily encountering traffic jams during rush hours, while Sunshine Riverside is located right in the Ciputra urban area, so traffic has the ability to be flexible in connection, each resident can travel conveniently thanks to the key infrastructure such as: modern Ring Roads such as Ring Road 2, Ring Road 3, elevated train line No. 2, Nam Thang Long – Tran Hung Dao route
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Project |
Heritage westlake |
Sunshine riverside |
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Investoe |
Financial potential |
CapitaLand is a leading real estate group in Asia, headquartered in Singapore and listed on the Singapore Stock Exchange. CapitaLand’s global asset portfolio as of the end of 2021 was worth up to SGD 137.7 billion. In Vietnam, CapitaLand has invested billions of USD and is one of the largest international real estate developers here |
– Multi-industry economic group with key areas: Real Estate, Technology, Construction, Education, Finance, Media, Trade – Services. – Has implemented many real estate projects in hotels, high-end commercial housing |
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Listed on Stock |
CAPN |
N/A |
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Reputation and Brand |
CapitaLand has a presence in more than 240 cities in 30 countries. In Vietnam, they are the investor of 14 high-end apartment projects in Hanoi and Ho Chi Minh City, including prominent projects such as Heritage WestLake, Seasons Avenue, and Vista Verde. Vietnamese people are very fond of products from CapitaLand |
Reputation and brand on the media are quite good |
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Awards |
– Singapore Building and Construction Authority (BCA) Green Value Award 2020 – PropertyGuru Asia Property Awards 2022 – PropertyGuru Vietnam Property Awards 2022 – International Architecture Awards 2021 |
– WTA Awards, known as the “Oscar of the World Tourism Industry”, honored as “Asia’s Leading Tourism Group” in 2023 – Top 10 Leading Investors in Vietnam” at BCI Asia Awards 2024 – Best Architectural Resort Real Estate Project in Vietnam |
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Experience in Real Estate |
CapitaLand has been operating in Vietnam for over 20 years since 1994. They have built over 200 projects in over 40 cities in China, and continue to expand into other real estate sectors such as data centers, logistics and industrial parks. Experience in the high-end market. |
– Currently, the group has achieved great success with a portfolio of over 100 successful projects covering the whole country: Sun World Ba Na Hills, Sun Premier Village Primavera, Sun Grand City Feria Ha Long, Sun Premier Village Phu Quoc – Managing and operating many large real estate properties |
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Investor scandal |
– The ecosystem is bustling to acquire huge real estate projects, CapitaLand is losing money to negative capital – Construction projects cause dust, noise and pollution |
– Capital misappropriation, non-compliance with the law – Sun Group, the outstanding debt of this group and its subsidiaries is also in group 1 |
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In terms of evaluating the strength of project developers, Heritage West Lake stands out significantly thanks to its developer — CapitaLand, a leading real estate giant in Asia. Not only does CapitaLand possess strong financial capacity and a reputable brand, but it also has extensive experience in the high-end real estate sector, both in Vietnam and internationally.
Additionally, the group has received numerous prestigious international awards. It can be said that CapitaLand’s involvement is one of the greatest advantages and key highlights of the Heritage West Lake project, offering absolute peace of mind for customers when choosing to invest.
However, the Sunshine Riverside project, developed by Sunshine Group, has faced considerable controversy, particularly related to issues with land use rights certificates (red books) and capital misappropriation.
Both Sunshine Riverside and Heritage West Lake have been handed over.
Sunshine Riverside offers a significant advantage as all of its apartments come with freehold ownership, making it ideal for buyers seeking long-term stability.
In contrast, Heritage West Lake only provides 173 units with freehold ownership, while the remaining 203 serviced apartments are offered under a leasehold tenure of approximately 40 years.
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Project |
Heritage westlake |
Sunshine riverside |
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Hiện trạng dự án |
Actual project progress |
* What is the status of the project implementation? How many floors have been built? Has the roof been completed? |
Completely completed and open for sale |
The project started in 2016 and has been completed |
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Estimated delivery time |
Estimated delivery time |
Delivery 9/2024 |
Delivery: Quarter IV/2018 |
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Project Legality |
What is the legal status of the project? Are the basic documents available? What type of contract is it? |
Permanent ownership for Vietnamese, 50 years for foreigners. |
Sales contract, long-term ownership |
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See more: Summary of rental market in Tay Ho area
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Project |
Heritage westlake |
Sunshine riverside |
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Construction quality and construction and operation units |
Construction unit |
Which unit? Experience in the market? |
Hoa Binh Construction Group (operating for 37 years, meeting international standards in 2015) |
Vinaconex 1 and Vinaconex 9 |
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Design unit |
Which unit? Experience in the market? |
Landscape design: LaTerra Design. Design concept: DPA Architects. |
Sunshine Design Joint Stock Company |
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Operation management unit |
Which unit? Experience in the market? |
The Ascott Limited and Somerset Regency |
CONINCO Joint Stock Company for Infrastructure Development Investment & Construction Consulting. |
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In terms of construction quality and project partners, Heritage West Lake is considered more outstanding thanks to the participation of Hoa Binh Construction Group—an internationally certified construction company with over 37 years of experience, consistently ranked among the top general contractors in Vietnam.
Moreover, the project features the involvement of DP Architects, a multinational architectural design firm from Singapore with 1,300 employees and 17 international offices strategically located from Shanghai to London. With 8 affiliated expert companies and a presence in 77 countries worldwide, DP Architects aims to make a strong mark on the Vietnamese market in apartment design and to contribute to the growth of the real estate sector in the future.
The project is managed and operated by Somerset Regency and The Ascott Limited—a real estate and hospitality company from Singapore and a subsidiary of CapitaLand, one of the world’s leading owners and operators of serviced residences.
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Projects designed by DP Architects
For the Sunshine Riverside project, one of its key highlights is the involvement of Sunshine Design Joint Stock Company—a design unit under Sunshine Group, a prestigious real estate developer in Vietnam. The company is known for its modern, luxurious, and internationally inspired design philosophy. Sunshine Design has contributed to several signature high-end projects by Sunshine Group, such as Sunshine City, Sunshine Golden River, and Sunshine Marina Nha Trang Bay, delivering refined, world-class living spaces that harmoniously blend smart technology with lavish amenities.
In terms of construction, Sunshine Riverside was built by Vinaconex 1 and Vinaconex 9, two leading general contractors in Vietnam’s construction industry. Their portfolio includes prominent works such as the National Convention Center, Nhat Tan Bridge, and Splendora Urban Area in Bac An Khanh. These contributions ensure that the project meets high construction standards, offering both durability and elegance.
To evaluate the overall project design, Sen Vang’s team of experts analyzes based on 3 criteria: Overall project, building design and apartment design.
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Project |
Heritage westlake |
Sunshine riverside |
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QUY HOẠCH THIẾT KẾ TỔNG THỂ |
Tổng thể dự án |
Project planning |
8.971m2 |
123,991 m2 |
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Internal community |
– Thượng lưu – Chuyên gia nước ngoài, doanh nhân, và những người làm việc trong các lĩnh vực cao cấp. |
– Người giàu – Chuyên gia nước ngoài, doanh nhân, và những người làm việc trong các lĩnh vực cao cấp |
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Suburban Community |
– Surrounded by many urban areas and large-scale projects – There are many lakeside entertainment areas |
High to very high income Foreigners |
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Construction density |
47,5%. |
35% |
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Green ratio inside the area |
Has a garden section |
Green park 11,953 m2 |
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Green ratio outside the area |
500 ha regulating lake, West Lake |
Ciputra urban area |
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Population Ratio |
Includes both residential and high-end offices |
Includes both residential and high-end offices |
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Special Area |
No |
450m from cemetery |
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Product structure |
3 25-storey apartment towers: 173 apartments, 202 office apartments, Office for rent |
32-34 floors above ground, 2 basements with 932 apartments |
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Internal facilities (building vs area) |
– Full of basic community facilities, facilities for children, relaxation and entertainment facilities, basic working facilities, facilities for the elderly and some high-end facilities. Closed facilities, 25th floor facilities |
– Full of basic community facilities, facilities for children, relaxation and entertainment facilities, basic working facilities, facilities for the elderly and some high-end facilities. Closed facilities, with exclusive sunshine home |
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External facilities |
– Educational facilities: Near international schools such as Hanoi International School, UNIS Hanoi, and many high-quality bilingual schools – Medical services: Near Vinmec International Hospital and Thu Cuc General Hospital – Commercial and entertainment centers: The project is located near major commercial centers such as Lotte Mall, and shopping and entertainment areas in Tay Ho district. – Natural landscape and entertainment: Near West Lake |
The project has an inter-level school from kindergarten to secondary school. There are commercial centers, supermarkets, restaurants, cafes, meeting the shopping, dining, and entertainment needs of residents. And there are playgrounds for children, entertainment areas for adults, meeting the entertainment and recreation needs of residents. In addition, this project also aims to create a positive and united living community. Various exchange events, courses and art activities at Sunshine Riverside help create a vibrant and friendly living atmosphere among residents. |
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To evaluate the overall master planning and design of the projects, the expert team at Sen Vàng analyzed them based on three criteria: overall project layout, building design, and apartment layout.
In terms of overall project layout, Sunshine Riverside is considered to have a stronger advantage thanks to its relatively large scale (123,991 m²) while maintaining a low construction density of only 35%. This results in a high ratio of green spaces both inside and outside the project, while also ensuring a reasonable population density. The project includes three towers rising 32–34 storeys with two basement levels, offering a total of 932 apartments.
Although Heritage West Lake is a luxury condominium located in Tay Ho—one of the most prime locations in the capital—it has not fully optimized its construction density and surrounding living space. These factors may impact residents’ experience, especially for buyers who place a high priority on environmental quality and spacious living conditions.
Building design
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Project |
Heritage westlake |
Sunshine riverside |
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OVERALL DESIGN PLAN |
Building design |
– Meets class A apartment standards, meeting 18/20 criteria of the Ministry of Construction for class A apartments – Luxurious style, luxurious color scheme – Using aluminum and glass façade |
Sunshine Riverside is a high-end apartment complex designed in a neoclassical style. The apartment design at Sunshine Riverside focuses on ventilation and optimizing natural light, with large balconies and large glass doors, opening up a panoramic view of the Red River and West Lake. The apartment floor plan is reasonably arranged, with a variety of areas from 2-4 bedrooms, suitable for many uses. The interior is completed with high-class imported materials, combined with smart home technology, enhancing the modern living experience. |
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Apartment Design |
Space and Light Distribution: Heritage West Lake apartments are designed with large windows, large balconies and make the most of natural light. Smart and Reasonable Design: Apartments are arranged reasonably with open space between the living room and kitchen – Bedrooms have large windows, making the most of natural light |
Space and Light Distribution: Heritage West Lake apartments are designed with large windows, large balconies and make the most of natural light. Smart and Reasonable Design: Apartments are arranged reasonably with open space between the living room and kitchen – Bedrooms have large windows, making the most of natural light |
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See more: Real estate project development consulting services
Although the supply of high-end apartments in Tay Ho district is increasingly scarce, the real estate market in 2024 here still maintains its appeal thanks to the appearance of outstanding projects such as Sunshine Riverside and Heritage West Lake. Each project has its own advantages, meeting the diverse needs of customers and investors when buying apartments in Tay Ho.
Based on the chart, Sunshine Riverside is shown to have the lowest average selling price among the projects in the Tay Ho area, at just VND 78.3 million/m². This is significantly lower than other developments in the same area, especially when compared to the average of VND 120–140 million/m². This lower price may be attributed to its location, amenities, or the market segment it targets—possibly leaning toward the mid-range or affordable segment.
In contrast, Heritage West Lake is priced at VND 158.6 million/m², placing it the highest end of the market, second only to Vinhomes Metropolis – Lieu Giai at VND 165.3 million/m². This price point reflects the project’s premium status, prime location, and high-end amenities, making it well-suited for the luxury segment.
In summary, Sunshine Riverside is the most affordable option, likely targeting mid-range buyers, while Heritage West Lake belongs to the luxury tier, with one of the highest price points in the area.
Potential for buying and selling of 2 apartment projects within 1 year.
a, Heritage Westlake
b, Sunshine Riverside
The selling price of apartments at Sunshine Riverside has seen significant growth over the past year, with the most common current price reaching VND 78.3 million/m², marking a 51.5% increase compared to the same period last year. The chart indicates a steady upward trend, as the highest, median, and lowest prices have all continuously risen.
Notably, the selling price in February 2025 hit the highest level in thepast six years, demonstrating strong market appeal and promising profit potential. With this impressive growth momentum, Sunshine Riverside has become an attractive investment opportunity. However, investors should also take into account market and macro policy factors to make well-informed decisions.
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The above is an overview of the article “Heritage vs. Sunshine Riverside: A Comparative Analysis of Two Premium Hanoi Residences” provided by Sen Vàng Group. We hope this information provides investors, developers, and real estate businesses with a broad perspective on the development potential of the property market. For more articles and insights on project development consultancy, please visit our website: senvangdata.com.vn/. |
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Explore more services and resources from Sen Vàng:
Analysis and comparison of the top 3 most luxurious condominium projects in Hanoi
Highlights of the Tay Ho real estate market – February 2025
Key insights into the Tay Ho property market – Early 2025
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