Sun Group has been selected to develop the 205-hectare Me Linh premium urban area project in Hanoi, with a total investment of VND15 trillion (US$574 million).

The announcement followed the Hanoi government’s decision on July 24 to approve the selection of the investor for the Me Linh township project.

Sited in Quang Minh Commune, around 30 kilometers north of central Hanoi, the urban area is expected to accommodate 21,000 residents.

Construction will run until 2030, with the project operating for 50 years from the date of official land allocation.

Last month, Sun Group launched the Feliza Suites project, offering almost 1,700 premium apartments in Cau Giay Ward, Hanoi.

According to Hanoi’s revised Master Plan for 2045 with a vision for 2065, the city’s population is expected to reach 12 million by 2030 and 14.6 million by 2045. Urbanization is expected to reach 65%–70% by 2030 and over 75% by 2045.

The plan envisages five major urban zones for the capital.

The southern Red River zone encompasses the historic center and surrounding urban areas to ease congestion by relocating central government offices, universities, and hospitals, thereby creating space for green areas, cultural centres, and public facilities.

The eastern zone will focus on trade, logistics, healthcare, and education. The northern zone is earmarked for smart, eco-friendly development and clean energy along the Red River. The western zone is set to become a hub for science, technology, and ecological tourism, while the southern zone is intended to support logistics and industry, thereby enhancing regional economic integration.

The city plans to develop 23 industrial parks, covering 5,800 hectares in total, alongside comprehensive infrastructure for trade, tourism, education, and health.