PARCSpring will be an urban living community along the river promenade in the established Binh Trung Dong Ward in District 2. Strategically located along the fringe of the city centre, the development will enjoy easy accessibility to Thu Thiem Tunnel and the future Ho Chi Minh City-Long Thanh-Dau Giay Highway. PARCSpring will offer extensive landscaping and basic communal facilities within a safe environment. The apartments will be designed with a functional layout to maximise living space. The project will comprise 404 residential apartments across two 18-storey and one 12-storey buildings.

Mr Yip Hoong Mun, Deputy CEO of CapitaLand Vietnam, said: “We are proud to have achieved structural completion of PARCSpring despite current market challenges. We will complete and handover the committed quality project to homebuyers as scheduled. This is testament to our strong delivery track record and commitment as an international real estate developer in Vietnam. We will continue to build more homes that are of high quality and value. I would also like to express my gratitude to the local authorities, Khang Dien, our partner for this project, as well as our contractors and consultants who have contributed to the successful completion of the structural work for PARCSpring.”

PARCSpring offers two- and three-bedroom units, furnished in earthly tones for a pleasant living atmosphere with an open kitchen concept and a practical interior layout design. Outside, a leisurely stroll along the landscaped garden on the first floor will lead residents to a riverside park while a quick sojourn at the roof top garden on the 12th floor will take residents to breathtaking views of their surroundings and a quiet retreat away from the hustle and bustle of the urban cityscape. Other communal facilities situated within the condominium compound include a sheltered function area, outdoor exercise area, a multi-purpose lawn with trellis and seating, a children’s play area and a foot reflexology path.

Mr Ly Dien Son, Chairman and General Director of Khang Dien Real Estate Joint Stock Company, said: “We are proud to partner with CapitaLand, one of Asia’s largest real estate companies. With CapitaLand’s international experience and excellent track record in real estate development, project management and real estate financial services, we are confident that our collaboration in Ho Chi Minh City will meet the needs of the mass market homebuyers who have the highest fundamental demand for quality housing.”

PARCSpring is a recipient of Asia Pacific Property Award 2012 – Highly Commended in High-rise Architecture. This is a testament to CapitaLand’s commitment to building good quality homes while meeting the essential needs and affordability of the aspiring Vietnamese.

Mr Le Dang Xu, Chairman and CEO of COFICO, said: “We are proud to partner as the main contractor with CapitaLand to build PARCSpring in Vietnam. By combining the reputation and experience of CapitaLand and the execution performance of COFICO, we believe in building the project on schedule with the best quality.”

CapitaLand Vietnam’s first residential project in Ho Chi Minh City is The Vista, which was completed in September 2011 and has since been handed over to homebuyers.