CapitaLand Development sees strong demand at exclusive preview of De La Sol and marks topping out of DEFINE, its highly anticipated residences in Ho Chi Minh City
De La Sol continues to attract homebuyers for its well-designed facilities and one of the first residential properties in the city to introduce duo key and trio key units.
DEFINE remains on track for completion in 2023 with 50 luxurious facilities and first-in-market features.
Ho Chi Minh City, 21 December 2022 – CapitaLand Development (CLD), the development arm of CapitaLand Group, has received strong response from the market at the exclusive weekend preview of De La Sol, its first residential development in District 4 of Ho Chi Minh City, on Sunday, 18 December 2022. To date, more than 80% of the units released have been booked. The units were booked at an average price of about VND96 million per square metre (psm).
Mr Ronald Tay, CEO of CLD (Vietnam) said: “As a leading developer of choice with about 30 years of experience operating in Vietnam, we are committed to ensuring the quality and the on-schedule delivery of our real estate projects. With its well-designed facilities and the introduction of duo key and trio key units, De La Sol continues to attract interest from prospective homebuyers and investors. To date, more than 80% of the units released have been booked. We are also pleased to achieve the timely topping out of DEFINE. The development is on track for completion by 2023. The successful topping out of DEFINE would not have been possible without the support of the local authorities, our consultants, contractors as well as our strategic partners.”
Slated for completion in 4Q 2023, De La Sol references music as an inspiration in architectural design. The façade design of three towers are inspired by the popular musical instruments such as the piano, guitar and chimes. Among the 50 lifestyle amenities featured at the property are the first High Jump Arena and Skate Plaza to be exclusively introduced in a luxury residential development in Vietnam. De La Sol enjoys great connectivity to the CBD with a 5-minute drive to commercial buildings, multiple dine-in stores, and shopping malls. De La Sol has received top recognition at the prestigious PropertyGuru Vietnam Property Awards 2018 including the ‘Best High End Condo Development (Ho Chi Minh City)’, ‘Best Green Development’, ‘Best High End Condo Landscape Architectural Design’ and ‘Best Condo Interior Design’.
Successful topping out of DEFINE with completion on track for 2023
CLD has also successfully topped out its 26-storey, DEFINE, its latest luxury residential development in Thu Duc City, Ho Chi Minh City. The highly anticipated development is on track for completion in 2023. All 88 units of DEFINE were fully booked within two hours at its exclusive weekend preview in December 2021 at an average price of about VND125 million per square metre (psm) and all units were above VND23 billion.
DEFINE will offer 50 top-tier facilities, including first-in-market features such as the first automated smart car parking system in Vietnam. The luxury residential development has the most of number of swimming pools in a residential development in Ho Chi Minh City, with most of the 88 units featuring its own private lap pool or private courtyard garden. Residents will also have lift access directly to their apartment.
Located in the heart of Thu Duc City in Ho Chi Minh City, DEFINE is co-developed by CLD and Thien Duc Trading – Construction Company Limited. DEFINE offers a wide selection of unit types including three- and four-bedroom apartments as well as penthouses, ranging between 197 and 528 sqm. The units are outfitted with high-quality and well-known brands such Gessi, Poliform, Villeroy & Boch and V-Zug. This is the first time Poliform and V-Zug products are included in a residential development in Ho Chi Minh City.
A multiple award-winning residential development, DEFINE received two prestigious accolades for its excellence at the PropertyGuru Vietnam Property Awards 2021 including ‘Best Luxury Condo Development’ in Ho Chi Minh City and ‘Best High Rise Condo Development’ in Vietnam. DEFINE also won ‘Best Luxury Condo Architectural Design’ in the PropertyGuru Vietnam Property Awards 2019. DEFINE is set to be a green-certified development having received the Green Mark Gold (Provisional) award by Singapore’s Building & Construction Authority.
The successful weekend preview of De La Sol and the topping out of DEFINE adds new milestones to CLD’s track record in launching and delivering well-designed residential developments.
In November 2022, CLD launched the sales gallery preview and the booking of its first Small Office Home Office (SOHO) property in Vietnam. Located in the prime Tay Ho District, the 202-unit SOHO @ Heritage West Lake is part of an integrated development that also comprises the 173-unit Heritage West Lake, CLD’s first luxury residential development in the city, and an office tower. SOHO @ Heritage West Lake’s units are designed to function as an office and a place to live in. The property is scheduled for launch in 1Q 2023.
About CapitaLand Development (Vietnam) (https://www.capitaland.com/vn)
CapitaLand Development (CLD) is the development arm of the CapitaLand Group, with a portfolio worth approximately S$21.3 billion as at 30 September 2022. 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 28 years. CLD (Vietnam)’s portfolio comprises one retail mall, one SOHO development, two integrated developments, and over 13,000 quality homes across 17 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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