CapitaLand Development unveils two luxury residences in Hanoi and Ho Chi Minh City
CapitaLand Development unveils two luxury residences in Hanoi and Ho Chi Minh City
CapitaLand Development, the development arm of CapitaLand Group, has expanded its residential portfolio in Vietnam to 14 projects and over 7,300 units with two new developments: the Heritage West Lake in Hanoi and DEFINE in Ho Chi Minh City.
Heritage West Lake is co-developed by CapitaLand Development with Hien Duc Group, while DEFINE is co-developed with Thien Duc Trading - Construction Co., Ltd. These two projects were unveiled on November 6, with sales expected to be launched in the first quarter of 2022.
Located in Hanoi’s prestigious Tay Ho district, the 173-unit Heritage West Lake is CapitaLand Development's (CLD) first luxury residential development in the city.
There are more than 40 top-class facilities and features at Heritage West Lake. It is the first residential development in Hanoi that will enable residents to take a lift directly to their apartment’s doorstep and is also the first residential development in the city to feature a 50m outdoor heated infinity cloud pool. Other facilities include sunbathing deck, a sky bar, sky wine, and cigar lounge on the top floor, a shaded cave pool, as well as jacuzzis. Heritage West Lake is Hanoi’s first residential development to receive Singapore’s Building and Construction Authority's (BCA) Green Mark certification.
The 88-unit DEFINE is located in the administrative centre of Thu Duc City in Ho Chi Minh City, offering residents the pinnacle of luxury living. Residents will have lift access directly to their apartment. Most units come with either a private courtyard garden or private lap pool, and DEFINE is noted for having the highest number of swimming pools in a single residential development in Ho Chi Minh City. At DEFINE, residents can experience the sophisticated lifestyle akin to life in glamorous Monaco. Residents can enjoy panoramic views of the Saigon River from the master bedroom and dramatic city views of Ho Chi Minh City from their living and dining rooms.
The 26-storey DEFINE offers 50 luxurious facilities and features such as a cigar room, a supercar garage, and the first automated smart car parking system in Vietnam. DEFINE is also a green-certified development, receiving the Green Mark Gold accolade by BCA.
DEFINE offers three- and four-bedroom apartments as well as penthouses, ranging between 197 and 528 square metres. The apartments are outfitted with high-quality and well-known brands such as Gessi, Poliform, Villeroy & Boch, and V-Zug. This is the first time Poliform and V-Zug products are included in a residential development in Ho Chi Minh City.
At the ground-breaking ceremony for DEFINE, Ronald Tay, CEO of CLD (Vietnam), said that leveraging international experience in building high-quality real estate projects, CLD is well-known in Vietnam for strong development capabilities and track record for timely delivery of well-designed and well-located homes.
“As one of the first international developers to enter Vietnam over 25 years ago, we have been a committed partner in Vietnam’s growth story. We continue to see strong demand for vibrant, quality live-work-play spaces driven by rapid urbanisation and the evolving lifestyles in Vietnam. With Heritage West Lake and DEFINE, we are setting new benchmarks in creating not just luxurious, but also sustainable developments to enrich the lives of our residents,” said Tay.
“Vietnam remains one of the core markets for CLD. With the addition of the two residential projects, CLD has over 7,300 units across 14 residential developments in Vietnam. CLD remains bullish on long-term prospects for Vietnam, and we are looking to expand our presence across the country, including new economy assets such as logistics facilities, data centres or business parks. We are also working with local partners and government authorities to explore master planning and urban development opportunities to deepen our multi-sector real estate presence in Vietnam,” added Tay.
Residents staying in Heritage West Lake and DEFINE can experience the developments’ award-winning designs. Heritage West Lake won the Best Luxury Condo Development (Hanoi), Best Mixed-Use Development, and Best Mixed-Use Landscape Architectural Design awards, while DEFINE won the Best Luxury Condo Architectural Design award at the PropertyGuru Vietnam Property Awards (VPA) 2019.
For the upcoming PropertyGuru VPA 2021, Heritage West Lake and DEFINE are both nominated for the Best Luxury Condo Development category in Hanoi and Ho Chi Minh City, respectively.
CLD is the development arm of CapitaLand Group with a portfolio worth approximately S$22 billion ($16.27 billion) as of September 30, 2021. CLD’s well-established real estate development capabilities p across various asset classes, including integrated developments, retail, office, lodging, residential, business parks, industrial, logistics, and data centres.
CLD (Vietnam) oversees and grows CLD’s investment and development business in Vietnam, one of CLD’s core markets where it has built an extensive presence over 27 years. CLD (Vietnam)’s portfolio comprises two integrated developments, over 7,300 quality homes across 14 residential developments, one commercial office, and one retail mall in Hanoi and Ho Chi Minh City. Its strong expertise in master planning, land development, and project execution has won numerous accolades including the Asia-Pacific Property Awards, PropertyGuru Asia Property Awards, PropertyGuru Vietnam Property Awards, and Golden Dragon Award.
