Capitaland Sees Strong Bookings Latest Vietnam Projects
CapitaLand Development (CLD) has recently received impressive feedback for the previews of two of its projects located in Vietnam. The exclusive preview of Orchard Hill, a 774-unit high-rise development, which began on Oct 26, has seen an overwhelming response. It is the second phase of Sycamore, a joint venture between CLD and United Overseas Australia, with a total of 3,500 freehold units. The project is situated in Binh Duong New City, about 30km from Ho Chi Minh City.
Since the preview, 694 units, or 90% of Orchard Hill, have been snapped up, with the most popular units being the one- and two-bedders. The development is expected to be completed by the fourth quarter of 2026. The positive demand for Orchard Hill reflects the success of the first phase of Sycamore, which sold out quickly.
Another project that has received a strong reception is The Senique Hanoi, a 2,150-unit high-rise residential development located in East Hanoi. Developed in collaboration with Mitsubishi Estate and Nomura Real Estate Development, The Senique Hanoi has already achieved bookings for 92% of its units since its exclusive preview on Nov 9. The project is set to be completed in 2027.
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This encouraging response comes after 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 taken up on launch day, showcasing a take-up rate of 97%. Lumi Hanoi, with a total of 3,950 units, is now 99% sold out.
The strong demand for both Orchard Hill and The Senique Hanoi reflects the growing confidence and interest in the Vietnam property market. With its strategic location, attractive developments, and established partnerships, CLD is well-positioned to ride on this positive momentum and bring forth more successful projects in the future.