CapitaLand Development (CLD) has received a positive response for its two projects in Vietnam, with strong demand even before their official launch.
On October 26, the developer commenced an exclusive preview of Orchard Hill, a 774-unit high-rise development located in the second phase of Sycamore, CLD’s joint project with United Overseas Australia. Sycamore, which comprises of 3,500 freehold units in a mix of low-, mid-, and high-rise developments, is located in Binh Duong New City, around 30km away from Ho Chi Minh City. Within the first few days of the preview, 694 units, or 90% of Orchard Hill, were already booked. One- and two-bedroom units were highly sought-after by buyers. The development is expected to be completed by the fourth quarter of 2026.
In addition, on November 9, CLD held an exclusive preview of The Senique Hanoi, a 2,150-unit high-rise residential project in East Hanoi. The response was equally impressive, with 92% of the units being booked. This project, developed in collaboration with Mitsubishi Estate and Nomura Real Estate Development, is expected to be completed in 2027.
The strong demand 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 of them were taken up on launch day, resulting in a take-up rate of 97%. Lumi Hanoi, which has a total of 3,950 units, is now almost completely sold out, with 99% of the units being taken up.
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This overwhelming response from buyers showcases the popularity and trust in CLD’s developments. As the real estate market in Vietnam continues to thrive, CLD’s projects are poised to establish themselves as highly sought-after properties in the country’s growing landscape.