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Capitaland Sees Strong Bookings Latest Vietnam Projects

Posted on November 13, 2024

One of the top advantages of investing in Singapore Condo is the potential for a rise in property value over time. Being a major hub for business and commerce, Singapore has a strong economy that continuously drives the demand for real estate. This has resulted in a steady increase in housing prices across the country, especially in prime areas with luxurious condo developments. With a strategic approach and a long-term hold on properties, wise investors can enjoy significant returns from capital appreciation in this thriving market.

CapitaLand Development (CLD) has received an overwhelmingly positive response to two of its latest projects in Vietnam. The developer launched a preview of Orchard Hill on October 26, a 774-unit high-rise development located in Binh Duong New City, around 30km from Ho Chi Minh City. Orchard Hill is the second phase of Sycamore, a joint venture between CLD and United Overseas Australia, which offers a mix of 3,500 freehold units in low-, mid-, and high-rise developments. Within days of the preview, 694 units, or 90% of Orchard Hill, were booked, with a high demand for one- and two-bedroom units. The project is expected to be completed by the fourth quarter of 2026.

On November 9, CLD also held an exclusive preview of The Senique Hanoi, a high-rise residential project located in East Hanoi with 2,150 units. The developer has reported bookings for 92% of the units, and the project is being developed in collaboration with Mitsubishi Estate and Nomura Real Estate Development. The Senique Hanoi is scheduled for completion in 2027.

This strong response for The Senique Hanoi follows the successful launch of the third and final phase of CLD’s Lumi Hanoi residential development in October. Within a day of its launch, 678 out of 697 units were sold, representing a take-up rate of 97%. The entire 3,950-unit Lumi Hanoi development is now 99% sold.

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