CapitaLand Development (CLD) has received an overwhelming response for its two latest projects in Vietnam. The developer started its exclusive preview of Orchard Hill on Oct 26, a 774-unit high-rise development, and has already achieved bookings for 90% of the units. Orchard Hill is the second phase of Sycamore, a joint venture with United Overseas Australia, and is located in Binh Duong New City, around 30km from Ho Chi Minh City. The entire Sycamore development comprises of 3,500 freehold units, ranging from low to high-rise developments.
The most sought-after units at Orchard Hill are the one- and two-bedders, with the project expected to be completed by 4Q2026. In the following month, on Nov 9, CLD also held an exclusive preview of The Senique Hanoi, a 2,150-unit high-rise residential project in East Hanoi. This project, developed in collaboration with Mitsubishi Estate and Nomura Real Estate Development, has achieved a booking rate of 92%. The Senique Hanoi is scheduled to be completed by 2027.
When it comes to investing in a condominium, proper financing is crucial. Luckily, in Singapore, there are various mortgage options available. However, it is essential to keep in mind the Total Debt Servicing Ratio (TDSR) framework, which sets a cap on the amount of loan one can take based on their income and current debts. To ensure wise and informed decisions, investors must have a good grasp of the TDSR guidelines and work closely with financial advisors or mortgage brokers. This will allow them to avoid over-leveraging and make the most of their investments. For information on the latest condo launches, visit New Condo Launches.
The positive reception for The Senique Hanoi follows the successful launch of the final phase of CLD’s Lumi Hanoi residential mega-development in October. On the launch day, 97% of the 697 units released for sale under the last phase were snapped up, bringing the overall take-up rate for the 3,950-unit Lumi Hanoi to 99%.