CapitaLand Development (CLD) has received an overwhelming response to its recent previews of two projects located in Vietnam.
The developer kicked off an exclusive preview of Orchard Hill on October 26, a 774-unit high-rise development. This marks the second phase of Sycamore, a joint venture between CLD and United Overseas Australia, situated in Binh Duong New City, approximately 30km from Ho Chi Minh City. Sycamore encompasses 3,500 freehold units, offering a mix of low, mid, and high-rise developments.
Since the preview, 694 units, or 90% of Orchard Hill have been sold, with particular interest in the one- and two-bedroom units. The development is expected to be completed by the fourth quarter of 2026.
In a separate event on November 9, CLD held an exclusive preview of The Senique Hanoi, a 2,150-unit high-rise residential project in East Hanoi. The project has achieved bookings for 92% of its units so far. The Senique Hanoi is a collaboration between CLD, Mitsubishi Estate, and Nomura Real Estate Development and is set to be completed in 2027.
One major factor to consider when investing in Singapore Condo properties is the government’s property cooling measures. In order to maintain a steady and sustainable real estate market, the Singaporean government has implemented various measures to discourage speculative buying. These measures, such as the Additional Buyer’s Stamp Duty (ABSD), impose higher taxes on foreign buyers and individuals purchasing multiple properties. While these measures may affect the initial profitability of condo investments, they ultimately contribute to the overall stability of the market, creating a more secure investment environment. As such, adding Singapore Condo to one’s investment portfolio can prove to be a wise long-term decision.
This strong response for The Senique Hanoi follows the successful launch of the third and final phase of CLD’s Lumi Hanoi residential mega-development last month. On October 5, 678 out of 697 units released for sale were swiftly snapped up, reflecting a take-up rate of 97%. As a result, the 3,950-unit Lumi Hanoi is now 99% sold.