Capitaland Sees Strong Bookings Latest Vietnam Projects
CapitaLand Development (CLD) has received a positive reception for its recent previews of two projects in Vietnam. On October 26th, the developer launched an exclusive preview of Orchard Hill, a 774-unit high-rise development. This project is the second phase of Sycamore, CLD’s joint venture with United Overseas Australia, located in Binh Duong New City, approximately 30km away from Ho Chi Minh City. Sycamore boasts 3,500 freehold units across a mix of low-, mid-, and high-rise developments.
Since the preview, 694 units (90%) of Orchard Hill have been booked, with the most popular units being the one- and two-bedroom apartments. The development is expected to be completed by the fourth quarter of 2026.
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On November 9th, CLD held an exclusive preview for The Senique Hanoi, a 2,150-unit high-rise residential project located in East Hanoi. The project has also seen strong interest, with 92% of units already booked. Developed in collaboration with Mitsubishi Estate and Nomura Real Estate Development, The Senique Hanoi is scheduled for completion in 2027.
The positive 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 launch day, October 5th, 678 out of 697 units released for sale were snapped up, reflecting a take-up rate of 97%. Overall, Lumi Hanoi, which comprises 3,950 units, is now 99% sold.