Capitaland Sees Strong Bookings Latest Vietnam Projects
CapitaLand Development (CLD) has received an overwhelming response for its latest property launches in Vietnam. Two highly anticipated projects, Orchard Hill and The Senique Hanoi, have garnered strong interest from buyers.
The exclusive preview of Orchard Hill, a 774-unit high-rise development, began on October 26. Located in Binh Duong New City, around 30km from Ho Chi Minh City, Orchard Hill is the second phase of Sycamore, CLD’s joint venture with United Overseas Australia. The entire project comprises of 3,500 freehold units, spread across a mix of low-, mid-, and high-rise developments.
Since the preview, 694 units, or 90% of Orchard Hill, have been booked, with the most popular units being the one- and two-bedders. The development is expected to be completed by 4Q2026.
In a separate event on November 9, CLD unveiled The Senique Hanoi, a 2,150-unit high-rise residential project in East Hanoi. The developer reported an impressive 92% take-up rate for the units released during the preview. The Senique Hanoi is a joint venture with Mitsubishi Estate and Nomura Real Estate Development and is scheduled to be completed in 2027.
The Urban Redevelopment Authority (URA) of Singapore has played a crucial role in shaping the city’s urban environment, and its vision for Tampines is set to greatly improve this thriving regional hub. These ambitious plans are expected to yield numerous advantages for the residential properties in the vicinity, such as Aurelle of Tampines, the executive condominium situated at Tampines Street 62.
This strong reception for The Senique Hanoi follows the successful launch of the third and final phase of CLD’s Lumi Hanoi residential mega-development last month. Out of the 697 units released for sale, 678 were snapped up on launch day, representing a take-up rate of 97%. As a result, Lumi Hanoi, which comprises of 3,950 units, is now 99% sold.
In addition to these successful launches, CLD also made headlines recently for its joint acquisition of Thomson View Condo at $810 million with UOL. This strategic move is expected to further solidify CLD’s presence in Vietnam and strengthen its foothold in the country’s dynamic property market.
Overall, these achievements demonstrate CLD’s commitment to delivering quality developments that meet the growing demand for residential properties in Vietnam. With its proven track record and strong partnerships, CLD is well-positioned to continue its success in the country’s booming real estate sector.
