Entering the new decade, CapitaLand Development continues its journey of creation in satellite areas, exemplified by the “industrial capital” – the new city of Binh Duong.
3 decades embellishing life
Jewel Changi Airport (Singapore) or the “horizontal skyscraper” Raffles City (Chongqing, China) are two of over 1,200 projects bearing CapitaLand’s mark in 41 countries.
The Singapore-based diversified real estate group has established a leading position and scale in Asia with its two business arms: CapitaLand Investment (CLI) – managing a portfolio of over $96 billion in investments, and CapitaLand Development (CLD) – owning a real estate development portfolio worth over $16 billion.
Throughout its 30-year presence in Vietnam, CLD has showcased strong financial capabilities alongside expertise in design and construction. The company continuously expands its project portfolio, delivering quality work, living, and leisure spaces for the community.
To date, CLD’s real estate portfolio in Vietnam includes a retail precinct, a SOHO concept project – a product combining office and residential spaces, three mixed-use developments, and 17 residential projects comprising over 13,000 apartments. Some notable projects include: The Vista, Vista Verde, Feliz en Vista, D1Mension, d’Edge Thao Dien, D2eight, De La Sol, Define, Zenity, Heritage West Lake…
Each project carries the distinctive mark of CLD, with characteristic design and quality guaranteed by a series of international awards. Among them, Heritage West Lake – a luxury apartment project in Hanoi – is certified as a “Green Building” by the Singapore Building and Construction Authority (BCA). In the heart of Ho Chi Minh City, the Define luxury apartments (Thu Duc District) have achieved BCA certification and boast the highest number of swimming pools in the country, while Zenity (District 1) features lavish interior design and has been recognized by the PropertyGuru Property Awards.
With a vision to create a sustainable living environment, CLD emphasizes sustainability in all investment and design stages, from land development to project operation. This is evident in CLD’s leading number of BCA-certified green buildings in the market. These buildings use environmentally friendly construction materials, incorporate energy-saving sensor systems, and have waste management measures in place.
Sustainable development strategy
As one of the core markets, CLD recognizes Vietnam’s potential and strives to continue its journey of development after nearly three decades. Specifically, over the next 5 years, the company aims to increase Vietnam’s contribution to the total investment portfolio of the group to 15%.
Additionally, CLD continues to explore opportunities and potential in urban design, planning, and development. The group also takes advantage of investment opportunities in emerging economic sectors such as logistics, data centers, and industrial parks.
With the premise of development in the two economic powerhouses of Vietnam, Ho Chi Minh City and Hanoi, CLD’s journey of creation extends to satellite areas with high growth rates. A notable example is in December 2021 when CLD announced the acquisition of potential land in the industrial hub of Binh Duong to develop its first large-scale residential project in Vietnam.
The large-scale residential project of CLD is strategically located in the center of the modern and intelligent city of Binh Duong, which focuses on science and technology. With rapid urbanization, there will be an increasing demand for quality housing with optimized designs. The CLD residential project promises to inherit the sustainable legacy of the corporation and contribute to building a strong community in the region while elevating the position and appearance of Binh Duong.