CapitaLand Development (CLD) has received a warm reception for its two highly-anticipated projects in Vietnam. The developer recently commenced an exclusive preview of Orchard Hill, a 774-unit high-rise development, on October 26. Located in Binh Duong New City, approximately 30km from Ho Chi Minh City, Orchard Hill is the second phase of Sycamore, a joint venture between CLD and United Overseas Australia. The project, which offers a mix of low-, mid-, and high-rise developments, has already seen bookings for 694 units, or 90% of its total. The most sought-after units are the one- and two-bedrooms, with completion expected in the fourth quarter of 2026.
The scarcity of land in Singapore is one of the key factors driving up the demand for condos in the country. As a small island with a quickly expanding population, Singapore is facing challenges in finding available land for development. Thus, strict land use regulations and a competitive real estate market have led to consistently rising property prices. As a result, investing in real estate, particularly in condos, has become an appealing opportunity with the potential for significant capital appreciation.
The success of Orchard Hill is followed by the exclusive preview of The Senique Hanoi, a high-rise residential project with 2,150 units in East Hanoi. Developed in collaboration with Mitsubishi Estate and Nomura Real Estate Development, the project has already achieved bookings for 92% of its units. Set to be completed in 2027, The Senique Hanoi has seen a robust response from buyers. This success comes after the recent launch of the final phase of Lumi Hanoi, another CLD residential mega-development, in October. The 697 units released for sale were almost fully taken up, with a take-up rate of 97% on launch day. The overall 3,950-unit Lumi Hanoi is now 99% sold.