CapitaLand Development introduces Lumi Hanoi, a 4,000-unit high-end residential project in the West of Hanoi with a projected gross development value of S$1 billion
First residential project in Vietnam designed by renowned French architect Jean-François Milou of Studio Milou
Hanoi, 6 November 2023 – CapitaLand Development (CLD) will be developing a high-end residential project, named Lumi Hanoi, on a prime site in the West of Hanoi. The site has a projected total gross development value of over S$1 billion (VND18 trillion[1]). Spanning a total land area of approximately 5.6 hectares, the development is expected to commence construction in 1Q 2024.
Lumi Hanoi is located in a well-planned infrastructure area in the West of Hanoi, near a variety of attractive amenities including parks, schools, shopping malls, medical centres and the new administrative centre. It is accessible by Thang Long Highway and is a convenient 20-minute drive from Hanoi’s central business district and a 40-minute drive from Noi Bai International Airport. In the future, connectivity will be further improved when the Metro Lines 5,6 and 7 begin operations.
The project will comprise about 4,000 units across nine 29 to 35-storey towers to be developed over phases. It will offer a wide selection of unit types, ranging from 42 square metres (sq m) for a one-bedroom unit to 135 sq m for a four-bedroom unit. There will also be duplex units and penthouses ranging from 115 sq m to 410 sq m in size.
Mr Ronald Tay, CEO of CLD (Vietnam), said: “We are pleased to expand our residential offering with the development of Lumi Hanoi in the capital of Vietnam to meet the demand for quality real estate amidst the country’s continuing urbanisation and population growth. Positioned as one of CapitaLand’s signature residential projects, Lumi Hanoi will continue our commitment to sustainable urbanisation, delivering expertly crafted living spaces and amenities that meet the aspirations of discerning homebuyers. Leveraging CapitaLand’s strong track record and expertise in developing award-winning residential properties across Asia, we are confident that Lumi Hanoi will set a new benchmark for sophisticated and sustainable urban living in the capital city.”
“Vietnam is one of three core markets for CLD and we hold a long-term view of our business in the country. Amidst uncertainties in Vietnam’s real estate sector, we remain confident of securing compelling investment opportunities by leveraging our close to three decades of on-the-ground experience and strong financial standing. As one of Asia’s leading real estate developers with expertise across multiple sectors, we are on the lookout for attractive opportunities across various asset classes, with a focus on the residential and commercial sectors in the near term. Our long-term vision is to become a developer of choice in Vietnam’s sustainable urbanisation journey, contributing towards the country’s economic success through quality real estate products and services.” add Mr Tay.
Including Lumi Hanoi, CLD’s residential portfolio in Vietnam will comprise about 16,000 quality homes across 17 projects. CapitaLand has been operating in Vietnam since 1994 and has established a strong foothold in the market with a diversified portfolio. Besides residential projects, CLD’s portfolio in Vietnam also includes a retail mall, a SOHO development and two integrated developments.
Lumi Hanoi – A radiant way of living
More than homes, Lumi Hanoi is a visionary vertical neighborhood that will transform the city’s community with a blend of sustainability, sophistication and serenity to redefine urban living. Lumi Hanoi is designed by French architect Jean-François Milou of Studio Milou, who is also behind the design of Binh Dinh Convention Centre in Quy Nhon, Vietnam and the National Gallery of Singapore. Lumi Hanoi is his first residential project in Vietnam.
Inspired by “lumière”, the French word for light, Lumi Hanoi embodies the core essence of the development, as light is key to life and sustains life, so too a home. This concept of a “city of lights” underpins the different elements that drive the design philosophy seen throughout Lumi Hanoi. Starting with the thoughtful façade of the different towers that has been curated to break the monotony, providing a visual delight, with screens and architectural elements letting sunlight and shadows intermingle and play through the day and as night falls the lights provide a beacon to guide people home.
Lumi Hanoi’s distinctive landscape design is themed after celestial elements such as sole, aurora and stella; features rolling hills and ecosystem ponds, a departure from the ordinary flat terrain seen elsewhere. A central park provides a serene haven and serves as a gateway to outdoor amenities. A distinctive elevated boardwalk – serving as a verdant landscape spine – elegantly binds the sprawling development, providing a seamless connection that integrates residents with a myriad of amenities. In the night, the elevated boardwalk illuminates the landscape with a stream of light amidst the blanket of a thousand stars. Lumi Hanoi features more than 80 facilities for residents of all ages, including 15 sports courts and various pools to promote an active lifestyle.
Lumi Hanoi is targeting to achieve EDGE (Excellence in Design for Greater Efficiencies) certification issued by the International Finance Corporation. Key sustainability features include 4.3 hectares of lush landscaping, rainwater harvesting, ecosystem ponds, biotope system as well as electric vehicle charging lots and bicycle lots.
[1] Based on the exchange rate of S$1 to VND18,000
About CapitaLand Development (Vietnam) (https://www.capitaland.com/vn)
CapitaLand Development (CLD) is the development arm of the CapitaLand Group, with a portfolio worth S$20.8 billion as at 30 September 2023. CLD’s well-established real estate development capabilities span 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 29 years. CLD (Vietnam)’s portfolio comprises one retail mall, one SOHO development, two integrated developments, and over 16,000 quality homes across 17 residential developments. Its strong expertise in master planning, land development and project execution has won numerous accolades including Asia Pacific Property Awards, PropertyGuru Asia Property Awards, PropertyGuru Vietnam Property Awards and Golden Dragon Award.
CLD aspires to be a developer of choice that goes beyond real estate development to enrich lives and uplift communities. It is committed to continue creating quality spaces for work, live and play in the communities in which it operates, through sustainable and innovative solutions.
As part of the CapitaLand Group, CLD places sustainability at the core of what it does. As a responsible real estate company, CLD complements CapitaLand’s businesses through its contributions to the environmental and social well-being of the communities where it operates, as it delivers long-term economic value to its stakeholders.