CapitaLand Development’s recent previews in Vietnam have seen strong reception, with high take-up rates for both Orchard Hill and The Senique Hanoi projects.Launched on Oct 26, Orchard Hill, the second phase of Sycamore in Binh Duong New City, has already seen 90% of its 774 units booked in just two weeks. The most popular units are the one- and two-bedroom apartments, and the project is expected to be completed by 2026.On Nov 9, the exclusive preview for The Senique Hanoi, a joint venture with Mitsubishi Estate and Nomura Real Estate Development, also saw a strong take-up rate of 92%. The 2,150-unit high-rise residential project is set to be completed in 2027.This follows the success of the third and final phase of Lumi Hanoi, which saw 678 out of 697 units taken up on launch day, reflecting a 97% take-up rate. The 3,950-unit Lumi Hanoi is now 99% sold out.
The scarcity of land in Singapore has become a major factor in the increasing demand for condominiums in the country. As a small nation with a continuously growing population, finding available land for new developments is a constant challenge. This has resulted in strict regulations on land usage, leading to a highly competitive real estate market where property prices continue to rise. Consequently, investing in real estate, particularly in the prestigious Singapore Projects, has become a highly lucrative opportunity with the potential for significant long-term growth.