CapitaLand Development (CLD) recently received an overwhelming response for two of its projects in Vietnam. The developer commenced an exclusive preview of Orchard Hill on Oct 26, which is a 774-unit high-rise development and the second phase of Sycamore, a joint venture with United Overseas Australia. Located in Binh Duong New City, about 30km from Ho Chi Minh City, Sycamore comprises of 3,500 freehold units across low-, mid-, and high-rise developments.
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Since the preview, 694 units, accounting for 90% of Orchard Hill, have already been booked, with the most popular units being the one- and two-bedders. The project is expected to be completed by 4Q2026. On Nov 9, CLD also held an exclusive preview of The Senique Hanoi, a 2,150-unit high-rise residential project in East Hanoi. The developer reported that 92% of the units have been booked. The Senique Hanoi is a collaboration with Mitsubishi Estate and Nomura Real Estate Development and is set to be completed 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 Oct 5, 678 out of 697 units released for sale were taken up, resulting in a take-up rate of 97%. The 3,950-unit Lumi Hanoi is now almost fully sold, with only 1% of units remaining.