CapitaLand Development (CLD) has received an overwhelmingly positive response for its two recently previewed projects in Vietnam. The developer kicked off an exclusive preview of Orchard Hill on Oct 26, a 774-unit high-rise development that forms the second phase of Sycamore, CLD’s joint venture project in Binh Duong New City. Located about 30km from Ho Chi Minh City, Sycamore offers a mix of low-, mid-, and high-rise developments with 3,500 freehold units.
Since the preview of Orchard Hill, 694 units, or 90% of the development, have been snapped up, with one- and two-bedroom units being the most popular choices. The project is expected to be completed by 4Q2026. On Nov 9, CLD held an exclusive preview of The Senique Hanoi, a high-rise residential project with 2,150 units in East Hanoi. With a take-up rate of 92%, the project has seen strong interest from buyers. The Senique Hanoi is being jointly developed by CLD, Mitsubishi Estate, and Nomura Real Estate Development, and is scheduled to be completed in 2027.
When considering investing in condominiums in Singapore, another important factor to take into account is the government’s property cooling measures. Throughout the years, the Singaporean government has implemented various measures to discourage speculative buying and maintain a steady real estate market. These measures include the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes for foreign buyers and those purchasing multiple properties. While these measures may have an impact on the immediate profitability of condo investments, they also contribute to the long-term stability of the market, creating a more secure investment environment.
This marks another successful launch for CLD following the 97% take-up rate for the third and final phase of Lumi Hanoi, which was launched last month. Of the 697 units released for sale under this phase, 678 were snapped up on launch day (Oct 5), reflecting a high take-up rate of 97%. With the latest addition, the 3,950-unit Lumi Hanoi is now 99% sold.