CapitaLand Development sold all units of DEFINE in two hours at average selling price of VND125 million per square metre in exclusive weekend preview

06 Dec 2021

·         All units sold above VND23 billion (US$1 million)

·         Highest priced four-bedroom unit sold at VND150 million (US$6,500) per square metre

·         Penthouse unit sold at VND160 million (US$7,000) per square metre

CapitaLand Development has sold all units of DEFINE, its highly-anticipated luxury residential development in Ho Chi Minh City in two hours.

Singapore, 6 December 2021 – CapitaLand Development (CLD), the development arm of CapitaLand Group has sold all units of DEFINE, its highly-anticipated luxury residential development in Ho Chi Minh City in two hours.  Sales began at the exclusive weekend preview on Saturday, 4 December 2021 in Vietnam, and by 11:30am (GMT +7), all units of the 88-unit development were sold out.  The units were sold at an average selling price of about VND125 million (US$5,500[1]) per square metre (psm) and all units were sold above VND23 billion (US$1 million).  The highest-priced four-bedroom unit on the 24th floor was sold at about VND150 million (US$6,500) psm.  The penthouse unit located on the 25th level with spectacular views of the Saigon River, was also sold through a ballot at about VND83 billion (US$3.7 million), equivalent to VND160 million (US$7,000) psm.  

Mr Ronald Tay, CEO of CLD (Vietnam), said: “The stellar sales performance of DEFINE is a testament to CapitaLand’s reputation and real estate expertise in designing and delivering high-quality residential projects that attract discerning homeowners.  With our experience operating in Vietnam for over 25 years, we are attuned to the market’s demand for well-located and well-designed homes.   Homebuyers are drawn to DEFINE’s luxurious lifestyle amenities such as a private courtyard, a private lap pool, lift access directly to the apartment, as well as its first-in-market features such as the first automated smart car parking system in a residential project in Vietnam.”  

“A green-certified and award-winning property, DEFINE raises the benchmark for residential projects in the country, combining luxury and sustainability to enrich the lives of our residents.  Having sold all the units at DEFINE, we look forward to the launch of our first luxury residence in Hanoi, Heritage West Lake in 1H 2022,” added Mr Tay.

DEFINE has a range of unit types, from a 197-square metre (sqm) three-bedroom to a 296-sqm four-bedroom, as well as a 528-sqm penthouse. Most units come with either a private courtyard garden or private lap pool.  The apartments feature high-quality and well-known brands including a kitchen outfitted with Poliform and V-Zug products as well as bathroom amenities from Gessi and Villeroy & Boch.  This is the first time Poliform and V-Zug’s products are included in a residential development in Ho Chi Minh City.

As part of CLD’s ongoing digitalisation efforts, interactive sales kits are used to facilitate a seamless viewing and buying experience for potential homebuyers at the sales preview.  Through an immersive 3D tour, customers can get a 360-degree close-up view of the entire residential project and its facilities.  They are also able to gain a better understanding of the units’ layout and availability.  The digital experience received positive feedback from homebuyers and sales agents.

A prestigious location at the heart of Thu Duc City in Ho Chi Minh City   

Slated for completion in 2024, DEFINE is codeveloped with Thien Duc Trading – Construction Company Limited.  Located along Thanh My Loi street, in the administrative centre of Thu Duc City of Ho Chi Minh City, DEFINE enjoys excellent connectivity.  It is a 10-minute drive to Ho Chi Minh City’s Central Business District, while the Tan Son Nhat International Airport is a 20-minute drive away.

Sales began at the exclusive weekend preview on Saturday, 4 December 2021 in Vietnam. The units were sold at an average selling price of about VND125 million (US$5,500) per square metre and all units were sold above VND23 billion (US$1 million).

A green-certified and award-winning property, DEFINE is located in the administrative centre of Thu Duc City in Ho Chi Minh City. Residents can enjoy panoramic views of the Saigon River and dramatic city views of Ho Chi Minh City from their apartment. 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 situated close to many well-known educational institutions including the British International School, International School Ho Chi Minh City, and Australian International School.  Residents can also enjoy easy access to a variety of lifestyle and food & beverage options nearby such as the Faifo Lane retail mall, Annam Gourmet and Starbucks.  Hospitals and clinics such as the American International Hospital and Victoria Health Care, are within a five- to ten-minute drive.

DEFINE is a multiple award-winning residential development. In November 2021, DEFINE won two prestigious accolades at the PropertyGuru Vietnam Property Awards 2021.  DEFINE was awarded ‘Best Luxury Condo Development’ in Ho Chi Minh City and ‘Best High Rise Condo Development’ in Vietnam.  DEFINE also won ‘Best Luxury Condo Architectural Design’ in the PropertyGuru Vietnam Property Awards 2019.  DEFINE is also a green-certified development, receiving the Green Mark Gold accolade by Singapore’s Building & Construction Authority.

For more information on DEFINE, please see the Annex or visit: www.define.com.vn

[1] Based on an exchange rate of VND22,700 to US$1 unless stated otherwise

The pinnacle of luxury living at DEFINE, the perfect balance of live, work and play

Buyers of DEFINE can experience the sophisticated lifestyle akin to life in glamorous Monaco.  The prime development boasts a prestigious location with fabulous views of Saigon River from most units.  They can enjoy panoramic views of the river from the master bedroom and dramatic city views of Ho Chi Minh City from their living and dining rooms.  Residents will also have lift access directly to their apartment.

The three-bedroom units feature a private courtyard garden while the four-bedroom units come with an exclusive private pool and pool deck.  Featuring a total of 45 pools, DEFINE is noted for having the most number of swimming pools in a single residential development in Ho Chi Minh City.

DEFINE offers 50 luxurious facilities such as a supercar garage and the first automated smart car parking system in a residential project in Vietnam.  Residents will be able to retrieve their parked vehicles easily via the smart car parking system using their apartment access card.  The supercar garage, comprising 10 parking lots, comes with premium furnishings, electric vehicle charging points and a see-through roller shutter.  Outdoor eco-charging points are also available for electric vehicles.

At DEFINE, residents will find numerous relaxation zones, surrounded by serene gardens and tranquil water features.  The lush jewel-themed gardens on level one and three allow residents to easily connect with nature for quiet moments of rest.  On level one, there is also an adventure-themed playground for the little ones.  On level three, there is an outdoor swimming pool, hydrotherapy jacuzzi pool and sunbeds, a private gymnasium as well as yoga studios.

DEFINE’s distinct façade combines French-inspired grand arches with interlocking columns to distinguish the development from other properties in the neighbourhood.  DEFINE delivers a sophisticated and distinctive living experience through its thoughtful and luxurious designs.  Residents stepping into DEFINE’s spacious grand lobby and welcome lounge will be greeted by shimmering shades of gold and glittering wave-like installation suspended from the ceiling, reminiscent of Saigon River at sunset. 

The interior design of the coworking lounge at level one features floor-to-ceiling windows and soothing warm colour tones to create a luxurious yet professional environment for residents to work comfortably.  Inspired by a yacht club, DEFINE’s private party house on level three is designed to be bright and spacious with light and neutral colours.  The private party house is also connected to a deck overlooking the property’s main pool. 

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