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Perspective of Lumi Hanoi project facade

CapitaLand Development (CLD) - the real estate development arm of CapitaLand Group has just officially introduced the third and final phase of the Lumi Hanoi project (located in Tay Mo and Dai Mo wards, Nam Tu Liem district, Hanoi city), with 678 out of 697 apartments sold.

Previously, in phase 1 and 2, the Lumi Hanoi project recorded success with more than 3,100 apartments sold. To date, the project has achieved 99% of the total number of apartments sold (3,921 out of 3,950). Of these, the two-bedroom and three-bedroom apartments are the most popular products and have officially sold out.

Lumi Hanoi stands out with its high-class facilities, sophisticated design, optimal space layout and high parking ratio. The project is part of CLD's plan to add 11,000 apartments in Vietnam in the next 5 years, aiming to reach 27,000 quality apartments by 2028. Including Lumi Hanoi, CLD's investment portfolio in Vietnam currently has more than 18,000 quality apartments in 18 residential projects.

CLD (Vietnam) General Director Ronald Tay shared: “The success of Lumi Hanoi this year also marks the 30th anniversary of CapitaLand’s operations in Vietnam, demonstrating the trust of customers in our commitment to providing quality, sustainable apartments.”

According to Mr. Ronald Tay, CLD develops housing projects in Vietnam based on an understanding of customers' desire for a comprehensive life, combining sophistication, convenience and health.

“We are delighted with the positive feedback from our customers and will strive to maintain that trust, while continuing to seek long-term investment opportunities in both residential and commercial sectors,” said Mr Ronald Tay.

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CapitaLand Development officially introduced the third and final phase of the Lumi Hanoi project, with 678 out of 697 apartments just sold.

Developed by CLD together with Mitsubishi Estate and Far East Organization, Lumi Hanoi is located in a well-planned infrastructure area in the West of Hanoi, adjacent to many attractive amenities such as parks, schools, shopping centers, medical facilities and new administrative centers.

Lumi Hanoi residents can easily travel via Thang Long Avenue and it only takes 20 minutes to drive to the central district of Hanoi and 40 minutes to drive to Noi Bai International Airport. In the future, connectivity will be further enhanced when Metro lines 5, 6 and 7 come into operation.

Following the success, CLD plans to start construction on The Senique Hanoi, a luxury apartment project in the East of Hanoi, in mid-October 2024.

In addition, CLD has also made great strides in Binh Duong New City with Orchard Hill, the first high-rise subdivision of the Sycamore project. The project will provide 774 apartments, including one-bedroom units ranging from 56m² to three-bedroom units of up to 112m², as well as duplex and penthouse apartments. Orchard Hill is expected to launch in Q4/2024 and be completed in Q4/2026.

CLD is the real estate development arm of CapitaLand, with a portfolio worth approximately S$21.3 billion as at 30 June 2024. CLD has extensive capabilities in developing diverse asset classes, including integrated developments, retail, office, residential and hospitality, business parks, industrial, logistics and data centres.

CLD (Vietnam) oversees and develops CLD's investment and development business in Vietnam - one of CLD's core markets, where CapitaLand Group has built and grown over the past 30 years.

CLD's portfolio in Vietnam includes 1 SOHO model project - a product line that harmoniously combines office and resting place, 2 complex projects and more than 18,000 quality apartments in 18 residential projects.

With strong expertise in master planning, land planning and project development, CLD (Vietnam) has won many prestigious awards including Asia Pacific Property Awards, PropertyGuru Asia Property Awards, PropertyGuru Vietnam Property Awards and Golden Dragon Awards.

Going beyond the goal of developing real estate projects, CLD wishes to become the top choice of investors for all partners and customers, contributing to beautifying life and elevating the community. The company is committed to continuing to create quality working, living and playing spaces for the community, through sustainable and creative solutions.

(According to Vietnamplus)