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678 out of 697 units sold in Phase 3; 3,921 out of 3,950 units sold across the entire project

Hanoi, 14 October 2024 – CapitaLand Development (CLD) launched the third and final phase of Lumi Hanoi, with 678 of the 697 units sold by the end of the launch day on 5 October 2024. This comes after the success of Lumi Hanoi’s Phase 1 and 2 launches where over 3,100 units were sold. To date, Lumi Hanoi has achieved 99% sales for the entire development (3,921 out of 3,950 units). The 2-bedroom and 3-bedroom units, which are the most popular, are sold out.  

Lumi Hanoi boasts top-tier facilities, thoughtful design, functional layouts and ample parking. This development is part of CLD’s plan to add 11,000 residential units in the next five years, targeting a total of 27,000 residential units in Vietnam by 2028. With the inclusion of Lumi Hanoi, CLD’s portfolio in Vietnam now comprises over 18,000 quality homes across 18 developments.  

Mr. Ronald Tay, CEO of CLD (Vietnam), said: "The success of Lumi Hanoi this year, which also marks CapitaLand’s 30^th anniversary in Vietnam, reflects homeowners’ trust in our commitment to deliver quality and sustainable homes. CLD develops our residential homes in Vietnam with the understanding of homeowners’ desires to pursue enhanced lifestyles that blend luxury, convenience and wellness. CLD is heartened by the strong response thus far and will endeavour to uphold the confidence in us, as we continue to pursue long-term investment opportunities in both residential and commercial sectors.”

Developed by CLD in a joint venture with Mitsubishi Estate and Far East Organization, 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.

Building on the positive momentum, CLD is set to break ground on The Senique Hanoi, a high-end residential project in the East of Hanoi, in mid-October 2024. Meanwhile, CLD continues to make significant strides in Binh Duong New City with Orchard Hill, Sycamore’s first high-rise development. The project will feature 774 units, ranging from one-bedroom units starting from 56 sq m to three-bedroom units up to 112 sq m, along with duplex and penthouse options. Orchard Hill is scheduled for launch in 4Q 2024, with completion targeted for 4Q 2026. 

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$21.3 billion as of 30 June 2024. 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 30 years. CLD (Vietnam)’s portfolio comprises one SOHO development, two integrated developments, and over 18,000 quality homes across 18 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. 

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