The Classia – a valuable piece at the heart of Thu Duc City.
Absolutely, infrastructure plays a crucial role in determining the value of real estate, especially in areas experiencing development. Well-planned and efficient infrastructure, including roads, public transportation, utilities, and amenities, can significantly enhance the desirability and value of properties in a given area. This is because good infrastructure improves accessibility, convenience, and overall quality of life for residents, making it an important factor for both homebuyers and investors to consider.
On September 17, 2023, the Ho Chi Minh City Department of Transport organized the inauguration ceremony for the parallel road of the Ho Chi Minh City – Long Thanh – Dau Giay expressway, from Nguyen Thi Dinh Street to Do Xuan Hop Street, An Phu Ward, Thu Duc City.
The opening and use of this section will contribute to completing the transportation network of Thu Duc City in general, and the An Phu interchange area in particular. It will help alleviate the traffic load on the expressway access road, reduce traffic congestion at the An Phu interchange, provide smooth traffic flow on adjacent roads such as Nguyen Thi Dinh, Do Xuan Hop, Mai Chi Tho, and facilitate convenient connections to Belt Road 2 while synchronizing with the An Phu interchange.
Embrace the future with The Classia by Khang Dien!!
The Classia is located in the central connecting point of Thu Duc City, with complete infrastructure, well-organized legal documentation, and ready for handover to customers. Alongside the development of infrastructure in Thu Duc City, the value of homes at The Classia will increase day by day.
Lam Dong has requested relevant units to simultaneously install boundary markers for land clearance outside the actual terrain for the Tan Phu Bao Loc expressway and Bao Loc – Lien Khuong expressway routes.
On May 27th, the Lam Dong Provincial People’s Committee stated that it has issued a directive requesting the Project Management Board of the Provincial Transport Project to coordinate with the People’s Committees of districts and related cities to urgently implement the simultaneous installation of temporary boundary markers according to the design plan for land clearance compensation. This will serve as the basis for preparing documentation and procedures for land clearance compensation for the Tan Phu Bao Loc expressway and Bao Loc – Lien Khuong expressway projects.
The province has set a deadline of June 30th for completing this task in order to finalize the documentation and procedures for project commencement in September 2023.
According to the Lam Dong Provincial People’s Committee, the construction project of the Tan Phu – Bao Loc and Bao Loc – Lien Khuong expressways has been identified as a key project according to the Resolution of the 11th Provincial Party Congress of Lam Dong Province for the term 2020 – 2025. Completing the documentation and procedures for project commencement is a particularly important political task for the province in 2023. However, the progress in completing the feasibility study report for the project and implementing some related documentation and procedures has been slow and has not met the requirements.
Commencement of Tan Phu Bao Loc Expressways and Bao Loc – Lien Khuong Expressways
The investment project for the construction of the Tan Phu – Bao Loc expressway has a length of about 66km (11km within Tan Phu District, Dong Nai Province; 55km within Lam Dong Province – passing through districts: Da Teh, Da Huoai, Bao Lam, and Bao Loc city). The road is built according to highway standards (TCVN 5729:2012) with a design speed of 80km/h. In phased stages, the road will have a foundation width of 17m with 4 lanes for automobiles. The total investment for the phased stages is 17.2 trillion VND (State capital participation: 6.5 trillion VND, including 2 trillion VND from the central budget and 4.5 trillion VND from the Lam Dong provincial budget); owner’s equity: 1.605 trillion VND, and 9.095 trillion VND from mobilized sources). The completion phase will have a wider road cross-section of 22m (4 lanes for automobiles and 2 continuous emergency stopping lanes).
De la Sol project currently has just over 10 units of ALTO & CELLO towers, to facilitate customers who want to own apartments directly from CapitaLand Investor at De La Sol project, CapitaLand will organize a mini event with the following information:
Time: 9 AM on Saturday, August 19, 2023
Address: Level P2 Oxygen belongs to The Vista An Phu project, 626C Vo Nguyen Giap (Old Hanoi Highway), p. An Phu, City. Thu Duc, HCMC
This is one of the last opportunities to own De La Sol apartment, the top project in the central district of the city:
To participate in the event and look for opportunities to own De La Sol apartments. Please register as soon as possible via hotline: +84 935 45 96 86 – or visit website: www.de-la-sol.vn
Sycamore CapitaLand project has received two real estate awards.
CapitaLand Development has been awarded the ‘Outstanding Residential Project’ and ‘Outstanding Environmentally Friendly Residential Project’ awards at the 2022 Asia PropertyGuru real estate finals for Sycamore Binh Duong project.
This is the third time CapitaLand Development (CLD) – the real estate development arm of CapitaLand Group – has been recognized at PropertyGuru, an award that brings together top real estate developers in the region.
Mr. Ronald Tay, CEO of CLD Vietnam, shared that the received awards once again affirm the company’s commitment to creating quality projects for future homeowners and emphasizing environmental concerns – a core element of the group’s activities. “We integrate green space solutions right from the design phase to promote sustainable living. With over 28 years of development experience in Vietnam, we always strive to deliver projects with internationally acclaimed designs on our journey to becoming a top trusted investor,” Mr. Ronald Tay added.
Sycamore is located in the new city of Binh Duong, about 30km from Ho Chi Minh City. With a total area of 18.9 hectares, CLD’s first large-scale residential project is expected to consist of over 3,700 apartments and long-term homes built in low-rise, mid-rise, and high-rise projects, providing quality living spaces for around 13,000 residents. The Sycamore project is expected to launch in the second quarter of 2023, with the initial phase targeted for completion in 2024 and the entire project expected to be completed by 2027.
Aiming for upscale resort-style design, a representative from the project stated that Sycamore comprises seven zones with separate entrances. Two zones include combinations of townhouses, semi-detached houses, and spacious villas with private clubs and gardens. Four zones feature 24-story towers for residents who enjoy high-rise living, accompanied by dining facilities and retail stores such as convenience stores, cafes, restaurants, and spas. The seventh zone will be designed as a 10-story apartment building.
According to the developer’s representatives, sustainable and environmentally-friendly features will be integrated into the Sycamore project. For instance, a central park spanning 10,000 square meters within the mid-rise residential zone will serve as a gathering place for residents to connect with the community and relax. The Sycamore project also offers numerous green spaces that contribute to lowering the ambient temperature and enhancing the well-being of the residents.
CapitaLand partners with Becamex to Develop Sycamore Project in Binh Duong
The transportation infrastructure is also being developed to encourage residents towards a sustainable lifestyle. The Sycamore project promises to be one of the first projects with infrastructure dedicated to electric vehicles in the new city of Binh Duong. Bicycle lanes and pedestrian-friendly sidewalks will also be constructed to encourage residents to use cars and motorcycles for short distances. An electric vehicle system will also be implemented for residents to move between the two low-rise residential areas. Rainwater will be collected and reused to irrigate parks and other green spaces. Sycamore also aims to achieve the EDGE certification from IFC, a member of the World Bank Group.
The developer of the Sycamore project, CapitaLand Development, is a branch of CapitaLand Group, with an investment portfolio of around SGD 21.3 billion as of September 30. The company possesses a wide range of development capabilities, including integrated projects, retail areas, office spaces, residential areas, commercial spaces, industrial areas, and data centers.
CLD Vietnam oversees and develops investment and development activities in Vietnam, a core market where the group has built a presence for over 28 years. The investment portfolio in Vietnam includes retail areas, Soho model projects – a combination of office and residential spaces, 2 complex projects, and over 13,000 quality apartments in 17 residential projects in Hanoi and Ho Chi Minh City. With expertise in comprehensive planning, land planning, and project development, the unit has earned numerous prestigious awards, including the Asia-Pacific Property Awards, Asia PropertyGuru Awards, Vietnam PropertyGuru Awards, and Golden Dragon Award.
“As part of the group’s development philosophy, CLD places sustainability at the core of its business activities. The unit partners with the group in contributing to environmental and social welfare issues in countries where the group operates, aiming to provide long-term economic value to stakeholders,” shared a representative from CLD Vietnam.
In the overall development of Ho Chi Minh City, District 4 is considered a district that converges many development potentials.
After 5 years (2010-2015) of breakthrough and adequate investment, the infrastructure in District 4 is increasingly being perfected.
District 4 Real Estate – The Neglected Golden Land
Located in the central core area, just a river away from District 1 and 1km away from Ben Thanh Market, Quận 4 (District 4) has long experienced slow development and inadequate infrastructure. It was not until the completion of the Võ Văn Kiệt Boulevard project, with its double-bridge system, that the urban area of Quận 4 began to flourish.
After 5 years of breakthrough and substantial investment from 2010 to 2015, the infrastructure in Quận 4 has been continuously improved and expanded. Bridges such as Khánh Hội, Ông Lãnh, Calmette, Nguyễn Văn Cừ, Tân Thuận, and Kênh Tẻ have been built, not only connecting the central area with Quận 4 but also linking it to the Thủ Thiêm area and South Saigon. Upgraded roads like Nguyễn Khoái, Bến Vân Đồn, and Tôn Thất Thuyết have transformed Quận 4 and given it a new, deserving image.
Mr. Trần Hoàng Quân, Vice Chairman of the People’s Committee of Quận 4, stated that in addition to the plans for urban renewal and expansion of downgraded roads, the district also focuses on transportation development and flood prevention measures from 2016 to 2020.
As part of this plan, the key artery Nguyễn Tất Thành Street will have its width expanded from 37 to 46 meters. The relocation of the Nhà Rồng – Khánh Hội Port and Tân Thuận Port is planned, as well as the construction of new roads such as Road No.1, D3, Vĩnh Hội (extension), and proposed bridges like Trần Đình Xu and Nguyễn Khoái. The North-South axis road is also under consideration.
Positive changes near the CBD – Suitable for successful young professionals
Being a rapidly developing urban area with numerous high-rise buildings, offices, commercial complexes, and parks, Quận 4’s real estate market has shown significant progress and infrastructure improvement.
The most prominent segment in the apartment market in Quận 4 is the residential area along Bến Vân Đồn, Nguyễn Khoái, and Tôn Thất Thuyết streets. After undergoing renovation and expansion, this route has become a significant counterpart to Võ Văn Kiệt Boulevard on the other side of the canal.
Furthermore, District 4 real estate market has benefited from the decision to expand several roads. These include infrastructure development projects such as the construction of Road No.1 (from Tôn Thất Thuyết to Lane 326, Đoàn Văn Bơ Street, scheduled to be completed in April 2019), the construction of Road D3 (from Tôn Thất Thuyết to Nguyễn Tất Thành Street, currently under review by the Ho Chi Minh City Department of Transport, with land recovery expected in October 2018, groundbreaking in October 2018, and completion in April 2020), and the construction of the Vĩnh Hội road extension (expected groundbreaking in January 2019 and completion in September 2019).
With its beautiful view towards the city center and its proximity to Districts 1, 5, 7, and 2, this route has attracted numerous real estate giants to invest, leading to a continuous influx of high-end apartment projects.
According to real estate investors, the real estate market in Quận 4 will experience strong development, matching its existing potential. Along with the trend of green living in central districts, Quận 4’s apartment projects with green design, close proximity to nature, and stunning views of rivers and canals will dominate the Quận 4 market and establish it as a prestigious CBD for successful young professionals.
With the increasing number of mid-range and high-end apartment projects, Quận 4 is expected to become a “gem” and a future destination for real estate investors.
In this regard, it is impossible not to mention CapitaLand, a premium developer from Singapore, with its De La Sol project located on Tôn Thất Thuyết Street. This project enjoys a beautiful feng shui location, situated at the confluence of three rivers, bringing prosperity and abundance to its residents. It also serves as a gateway between District 1 and the South Saigon area. The project holds great potential for price appreciation due to the infrastructure development in Quận 4.
Furthermore, the decision to restrict the construction of new high-rise residential projects in the central areas (Districts 1, 3, 4, and 5) until 2020 without corresponding technical infrastructure and social infrastructure plans, as part of the housing development program for the period 2016-2025 recently approved by the People’s Council of Ho Chi Minh City, has led to a scarcity of high-end apartments for living or leasing in the central districts.
With the emotions of exhilaration, energy, and passion of music, De La Sol is not just a place to live but also a means to express oneself. Moreover, CapitaLand has invested generously in unique amenities and entertainment areas that are innovative and youthful, making every moment feel like an impressive Instagram snapshot.
Through De La Sol, CapitaLand has also made its mark as the pioneer in introducing the concept of dual-key (Duo) and triple-key (Trio) apartments in Vietnam. The “apartment within an apartment” concept ensures that each area is fully equipped with essential spaces: kitchen, bedrooms, living room, and separate bathrooms. This creates a private living space for homeowners and offers great income potential as you can easily live in one section and rent out the others without worrying about sharing your personal space.
The dual-key (Duo) and triple-key (Trio) apartment models feature fully equipped spaces, including kitchen, bedrooms, living room, and separate bathrooms.
With the advantage of a large number of foreigners living and working in District 1 and neighboring districts, De La Sol – one of the rare luxury apartment projects allowed to be built in the city center – demonstrates CapitaLand’s long-term vision and proves to be a promising investment channel, ensuring attractive returns for investors.
Opportunity to own the last remaining units in the Alto tower with only a 10% payment in 2018 and enjoy discounts of up to 3%.
For nearly three decades in Vietnam, CapitaLand Development, the Singapore-based developer, has been developing a series of high-end real estate projects in the country’s two major economic centers.
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.
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.
d’Edge Thao Dien is evaluated by investors as the most luxurious apartment project in this area, with each unit having its own private elevator. In addition, the design of The Edge features a winding swimming pool on the 22nd floor, offering a fresh perspective on living space design. D’Edge Thảo Điền will be the most prestigious project in Thảo Điền, District 2, with a focus on providing luxurious, refined, and high-class amenities that are unprecedented in apartment projects.
Location: Located on Nguyen Van Huong Street, Thao Dien Ward, District 2, Ho Chi Minh City (this area is home to a large number of foreigners living and working, dating back to the French era, forming a diverse cultural European and American residential area).
Type: Luxury apartment line.
Construction density: 40%.
D’EDGE THAO DIEN PROJECT SCALE
Area: 7,900 sqm
Consists of 2 towers with 22 floors each (7 elevators / 9 units / floor)
Total number of apartments: 273 apartments Aire Tower: 145 units Breeze Tower: 128 units
Car parking: 1 basement floor & 3 podium floors 70 facilities for physical and mental well-being
Ownership: Permanent Handover: June 2020
At the D’Edge Thao Dien project in District 2, there are the following types of apartments available:
1-bedroom apartments: 60 sqm
2-bedroom apartments: 80 sqm
3-bedroom apartments: 130 sqm
4-bedroom apartments: 170 sqm
5 Duplex units with sizes ranging from 150 to 300 sqm.
The D’Edge Thao Dien project is located in a prime location in Thao Dien Ward, District 2, Ho Chi Minh City. It is situated on Nguyen Van Huong Street, which is considered a valuable piece of land due to its high concentration of expatriates who have settled and worked in the area for a long time. This has created a diverse international community with various cultural backgrounds and a modern, sophisticated living environment that embodies European style.
The project offers convenient access to neighboring districts in District 2 and the city center. It is approximately 2 km away from the Ben Thanh – Suoi Tien metro line, 15 minutes from District 1 via the Saigon Bridge, and 20 minutes from Tan Son Nhat International Airport by car. It is also well-connected to the Thu Thiem urban area in District 2, which is only a 10-minute drive away via Mai Chi Tho Boulevard. Additionally, it provides easy access to nearby provinces such as Binh Duong, Dong Nai, and Vung Tau.
Once the Ben Thanh – Suoi Tien metro line is completed and operational, the D’Edge Capitaland project will offer the utmost convenience, with just a few minutes’ walk to the subway station. This will provide residents with easy access to the city center for work and other activities.
D’Edge Capitaland Thao Dien offers a wide range of premium internal amenities, including:
– Treehouse for children
– Orchid garden
– 370m-long running and cycling track
– Car park garden
– Herb and flavor garden
– Outdoor party room
– Children’s playground
– Lantern garden
– Yoga and meditation area
– Library and co-working space
– Exclusive lounge with a bar and cigar corner
– Premium massage and sauna rooms
– High-class yoga room
– Luxury fitness area
– Infinity-edge rooftop pool
– Sky pool
– Relaxing terrace with hydrotherapy elements
– Relaxing pool with hydrotherapy elements
– Stargazing deck with telescopes, seating, and landscape
– Outdoor BBQ area
– Function room
– Shuttle service to the metro station
The total pool and Jacuzzi area is 470 m2, including various pools such as:
– Hydrotherapy pool (180 m2)
– Infinity-edge rooftop pool (35.5×5.2m)
– Children’s pool (0.9m) 10.00×4.8m
– Children’s pool (0.6m) 11.50×4.8m
The project also features multiple gardens, including:
HausLand Health Check-up for All Staffs and Management
On April 15 and 17, 2023, HausLand Real Estate Investment Company, in collaboration with Hoan My Sai Gon General Hospital, organized the 2023 health check-up program for all staff and management working in Ho Chi Minh City and Bao Loc City, Lam Dong Province.
HausLandhas selected the Comprehensive Medical Check-up package for all staff and management at Hoan My Saigon General Hospital. The staffs participated in a comprehensive health examination, including ultrasound and in-depth testing, conducted by a team of skilled doctors and nurses with extensive experience. This ensured the quality of the examinations and provided a conclusive assessment of staffs’ health conditions. Through these check-ups, all staff had the opportunity to personally meet with doctors, receive an overall evaluation of their current health status, and identify any potential health risks in order to make necessary adjustments to their lifestyle and work routines. Additionally, the company was able to effectively manage the current health status of staffs and develop specific plans to enhance overall work productivity.
It can be seen that organizing health check-ups is not only a legitimate welfare benefit provided by HausLand to all staff but also a demonstration of the company’s caring and attentive of Management aims to motivate each member of the team to maintain good physical and mental health, which in turn fosters motivation, job satisfaction, and dedication. By ensuring the well-being of its employees, the company creates a conducive environment for them to work, contribute, and actively participate in the company’s growth and development.
(News) – Embodying the spirit of Zeit Living with its four core values: Zenith, Experience, Innovation, and Timelessness, Thu Thiem Zeit River brings a groundbreaking architecture that creates an exquisite living space for the affluent residents.
Elegant architecture stands out in the heart of Thu Thiem
Real estate investors appreciate Thu Thiem Zeit River for its romantic design, featuring exquisite curved lines that resemble a unique flower shape in the “heart” of Thu Thiem. This “flower” holds a prime position in the new urban area, offering panoramic views of the Saigon River and the vibrant city.
“A key strength of the design is the careful calculation of the distance between the two towers and the apartments to ensure the circulation of fresh air and the capture of sunlight throughout the space,” shared representatives of VGSE (a subsidiary of GS E&C in Vietnam), the investment and development entity responsible for the project.
In addition to emphasizing the creative element reflected in the architectural design inspired by vibrant natural colors, capturing sunlight, and embracing all emotions, the representative believes that the significance of the experiential aspect and the enjoyment of the Zeit Living lifestyle (E – experience) also brings a sense of happiness to successful homeowners when introducing their homes as “This is my home.”
Designing “chill” corners in luxury apartment complexes such as BBQ areas, swimming pools, and parks seems to be one of the essential amenities for developers to showcase the quality and prestige of the project. At Thu Thiem Zeit River, the competitive edge in terms of residential amenities is further enhanced, as not just one, but four amenity areas are thoughtfully arranged on the ground floor, 5th floor, 19th floor, and 20th floor.
The high-end ecosystem of amenities stretches from the infinity pool, pedestrian walkways, children’s play area, ground floor café zone, to outdoor BBQ area and sports facilities on the 5th floor. It includes the relaxing hanging garden on the 19th floor, the sky pool, city-facing gym, and the sky lounge on the 20th floor. All of these aim to provide a “comfortable home-like experience with resort-like luxury.”
The design features four distinct utility spaces that are separate yet contribute to connecting people with nature, emphasizing the timeless element of Zeit Living in vibrant green surroundings. With low building density and optimized green spaces in public areas, every moment spent in life alongside the Thu Thiem Zeit River home allows residents to be satisfied with their investment.
Integrated with advanced management and operation technologies, Thu Thiem Zeit River establishes a complete system of parking guidance, smoke extraction in basements and corridors, air filtration, ventilation, and heat recovery systems. It also features smart and modern standards for elevators and emergency rescue buttons, providing peace of mind for residents’ lives.
Living spaces with a strong personal touch.
With people as the key element and the spirit of Zeit Living spreading as a catalyst for life, Thu Thiem Zeit River sets high “pressure” standards for itself, but also appreciates the challenge that living spaces should not only be aesthetically pleasing but also touch the hearts of each homeowner.
“Each apartment in Thu Thiem Zeit River has a suitable standard size. The layout of the main and auxiliary entrances to capture wind and light is a feng shui element that stands out. I imagine stepping into the apartment and gently feeling that it truly feels like home, without the sense of a rigid and oppressive concrete block, but a place of peace, where nature and modern architecture converge,” said Ms. Thuy An (38 years old, Ho Chi Minh City), a customer present at the project’s opening day.
From a real estate perspective, each apartment has meticulously selected tangible values to provide on-site amenities and comforts. Residents can appreciate even the smallest details, such as the thoughtful arrangement of the living room and adjacent kitchen to create a space that fosters family bonds, the safety and standards with intelligent lighting and motion sensors, or the modern living space with kitchen cabinets from leading European suppliers.
The unique architecture of Thu Thiem Zeit River not only brings the “smart living” style with three top standards: smart apartments, smart operations, and smart security but also creates a “green” home with a contemporary touch in the heart of the city.
Thu Thiem Zeit River attracts customers with its modern living space integrating smart technologies and clear legal framework, as well as the potential of its developer.
According to the report from JLL, in Q1, the high-end apartment market in Ho Chi Minh City welcomed 2,989 new units, mostly concentrated in the Thu Thiem area. In the future, this area will continue to receive a series of infrastructure facilities such as 4 main roads including the arc-shaped boulevard (6 lanes), the central lakefront road (4 lanes), the Saigon riverside road (facing district 1 with 2 lanes), the elevated road passing through the southern ecological park, and the Thu Thiem 3 and 4 bridges… These will be the projects that create a driving force for real estate projects in the area, especially in the context of increasingly scarce inner-city land funds.Experts predict that in this period, projects with complete legal status, completed on schedule will receive attention and high evaluation from customers, helping to increase the credibility of the investor.
Thu Thiem Zeit River has many advantages in terms of location, transportation, resources from the developer, legal compliance, and stable construction progress. The project is located on Nguyen Co Thach street, Thủ Thiêm Ward, Thu Duc City, Ho Chi Minh City, inheriting many advantages in the core area of the Thu Thiem urban area.
As one of the few projects that have completed legal compliance and started construction before being introduced to the market at the end of 2022, Thu Thiem Zeit River has gained the trust of customers with over 95% successful transactions in the first sales event.
According to the VGSE – the project’s developer, the support from the parent company’s capital – the international conglomerate GS E&C (South Korea) has helped accelerate the construction progress of the project in the context of many challenges in the market.
Thu Thiem Zeit River also focuses on integrating many smart technologies into the underground parking system, elevators, corridors, and each individual space, bringing modern and convenient living. Many electric charging stations are arranged on the B1 and B2 floors of the building to provide quick charging (within 1 hour 20 minutes) or standard charging (within 10 hours). The apartments are also equipped with Low-E glass to reduce heat and protect residents’ health and the environment, and integrated with salt electrolysis technology for the swimming pool.
The living spaces include technologies such as smart lighting systems, motion sensors, and ventilation systems for apartments, providing residents with modern and convenient living.
According to a representative from VGSE, Thu Thiem Zeit River with its unique advantages has somewhat created an attraction to investors, becoming a project that receives a lot of attention even in the midst of market fluctuations.
Information about the Thu Thiem Zeit River project:
Feeling suffocated and looking for a place to relax away from the daily grind and polluted air?
Come to The Classia, where you can breathe fresh air and enjoy the tranquil surroundings.
ENJOY WEEKEND IN THE CLASSIA
Feeling suffocated by polluted air and the daily grind? Come and enjoy the tranquility of The Classia, where you can breathe in fresh air and unwind from the hustle and bustle of daily life.
We respectfully invite our valued customers to attend the event.
⏰ Time: 8:30 AM | Sat, 22.04.2023
⛳️ Address: THE CLASSIA | N7, Vo Chi Cong St, Phu Huu ward, Thu Duc City, Ho Chi Minh City.
Located in the eastern part of the city, The Classia boasts a prime location in the “golden triangle” area of Ho Chi Minh City – Dong Nai – Ba Ria Vung Tau, making it convenient to travel to, while still ensuring a separate, peaceful living space in harmony with nature. This is the perfect healing solution for both physical and mental health.
Visiting, strolling and experiencing the facilities is not the only thing you can do here. It is also a proactive way to live green and healthy with your children, playing with the colorful, intelligent and friendly AMERICAN PARROTS.
☘ Connecting the community of wellness enthusiasts who care about a healthy lifestyle.
☘ Strengthening comprehensive mental health is the most valuable gift for each of us.
Especially, the first customers who make a transaction at the event will receive a “The gold symbol “THE CLASSIA” is worth 08 SJC gold only.” and attractive home ownership policies like never before.
Please contact us for the most attentive welcome!
THE CLASSIA is developed by KHANG DIEN GROUP (KDH).
The State Bank of Vietnam (SBV) has requested credit institutions to continue to reduce lending interest rates for real estate loans and extend the repayment term to support customers affected by the COVID-19 pandemic.
Enterprises propose debt restructuring and interest rate reduction
Many large real estate businesses have proposed to the leadership of banks that credit limits should be expanded and interest rates should be reduced to support businesses in overcoming difficulties. Specifically, Vinhomes Group has proposed that the State Bank of Vietnam (SBV) adjust the borrowing interest rates and maintain the collateral asset ratio as normal loans for projects with full legal status. Banks also need to supplement specific policy mechanisms for large investors and projects with full legal status, gradually reducing interest rates to support financial capacity for buyers and developers.
Agreeing with this view, Ms. Do Thi Phuong Lan, Director in charge of restructuring advice (Novaland Group), said that during the restructuring process and working with international partners, the current major difficulties are system risks and market risks. Stock prices have decreased sharply, and the bond market has experienced large fluctuations in legal regulations, leading to temporary difficulties that seriously undermine the confidence of investors. In this situation, SBV should consider debt restructuring and rescheduling for real estate groups within 2-3 years. In addition, expanding credit limits is necessary for enterprises to have capital for business operations, and also increases investor confidence in corporate bonds.
The article discusses the challenges faced by the real estate market in Vietnam, including legal obstacles and limited access to credit. According to Novaland, one of the solutions to the issue of capital for the real estate market is to remove legal barriers. The company suggests that resolving legal issues will not only increase supply and cool down house prices but also unlock capital for the market. The article highlights the need for a credit mechanism that provides detailed guidance on developing urban infrastructure in remote areas, rather than associating it with individual real estate projects in major cities.
Banks do not tighten credit but still ensure loans for real estate investment.
The article also mentions that the State Bank of Vietnam does not tighten credit for the real estate market and provides equal credit support to this sector as it does to others. However, some segments of the market with high risk, such as speculation and business in large segments, are closely monitored. Regarding the issue of limited access to bank loans for the people, the article explains that due to credit growth being concentrated in the first six months of 2022, many banks used up their allocated quotas, resulting in a shortage of credit in the last months of the year.
The Deputy Governor of the State Bank of Vietnam, Dao Minh Tu, confirms that there is no separate credit quota for the real estate sector. Instead, there are only general credit quotas that are set to control inflation, and there will not be a shortage of credit quotas at the beginning of the year. To address the challenges faced by the real estate market, the State Bank of Vietnam will continue to improve the legal framework for the sector and support the development of urban infrastructure in remote areas.
The State Bank of Vietnam (SBV) has affirmed that it will not tighten credit for real estate and will adjust interest rates while maintaining stable credit room for the real estate market. In addition, the source of capital flowing into real estate in the coming time will focus on feasible loan projects that ensure legal compliance, have the ability to be completed and put into use soon, have good consumption potential, fully and timely repay the loan, and meet the real demand for housing. As for the high-end real estate segment, which is experiencing an oversupply, speculative trading, price manipulation, and market volatility, it will still be tightly controlled to minimize risks.
According to Mr. Nguyen Thanh Tung, CEO of Vietcombank, as of the end of 2022, real estate loans accounted for over 20% of the bank’s outstanding loans, including loans for developing businesses and individuals. In 2022, real estate credit increased by 17%. Therefore, banks have not allowed this field to lack room. He also emphasized that not long ago, major commercial banks had a meeting and agreed to reduce deposit interest rates to lower lending rates in general and real estate lending rates in particular.
Governor of SBV Nguyen Thi Hong stated that she has summarized the suggestions of businesses to promptly resolve difficulties for the market. Regarding the direction of operation in 2023, to implement credit solutions to resolve difficulties and obstacles for real estate businesses and organizations, as well as individuals accessing credit, SBV will continue to use credit room tools and study specific roadmaps to meet credit demand and ensure the safety of the banking system. SBV has also made some specific requests to credit institutions to resolve difficulties for the real estate market. The governor hopes that the conference with the Prime Minister in February will have more specific policies.
What do Young People Need to Prepare to Own an Apartment in the City Center:
Owning an apartment in the city center is a dream of many young people, however, not everyone knows what to prepare in order to own a beautiful, convenient, and affordable apartment. Below are things to keep in mind before deciding to buy an apartment in the city center.
Identifying usage purpose: Before starting to search and choose an apartment, young people need to determine the purpose of using the apartment to be able to find suitable options. If living alone or looking to buy an apartment for themselves, a small apartment with one bedroom may be a good choice. Meanwhile, if living with family or planning to get married in the future, they need to look for larger apartments.
Researching the market and finances: Researching the real estate market and finances is an important step to decide on buying an apartment in the city center. Young people need to be aware of the selling prices and payment policies of the projects, as well as other associated costs such as maintenance fees, service fees, management fees, water and electricity bills, and home insurance fees. If they want to borrow from a bank, they need to prepare relevant financial documents, income and debt repayment capacity to be eligible for support.
Choosing location and amenities: The location and amenities of the apartment are important factors that young people should consider before deciding to buy an apartment in the city center. They should choose apartments located in convenient locations with good transportation and near amenities such as schools, hospitals, supermarkets, restaurants, cafes, parks, and entertainment areas.
De La Sol – One of the worth considering projects for young people in the city center:
De La Sol project is located in a prime location on Ton That Thuyet Street, Ward 16, District 4, Ho Chi Minh City, adjacent to the center of District 1, District 7 and many major roads such as Nguyen Tat Thanh, Nguyen Huu Tho, Vo Van Kiet,… especially, De La Sol residents also enjoy a green and cool living space by the Saigon River.
De La Sol project is designed with over 50 diverse and full facilities such as a high garden, infinity pool, gym, spa, yoga room, BBQ area, children’s play area, water park, reception hall, 24/7 security,…
De La Sol is a project developed by Capitaland Singapore – one of the world’s leading real estate development corporations, ensuring quality, utilities, as well as safety and security of residents in the project.
De La Sol is designed by leading Vietnamese architects, with modern style, optimized living space, creating a wonderful living environment for residents here. The apartments at De La Sol are designed specifically for young and dynamic owners with various types of area from 52m2 to 118m2, divided into 2 and 3 bedrooms, providing flexibility in choice for customers.
With premium conditions and utilities, De La Sol is one of the popular real estate projects for young people in the city center.
With its premium design, strategic location, and extremely attractive price, DE LA SOL is a rare project that meets the demand for living, leasing, and accumulating investments, ensuring LIQUIDITY for customers in ALL MARKET CONDITIONS.
For more detailed information, please contact (+84) 938 47 88 39 or visit www.de-la-sol.vn.
HAUSLAND commits to accompanying customers from primary to secondary markets and leasing.
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).
Located in District 4, a five-minute drive from the Central Business District (CBD) of Ho Chi Minh City, the 870-unit development offers a mix of one- to three-bedroom apartments and Sky Suite ranging between 60 to 196 square metres. De La Sol is one of the first residential properties in the city to introduce duo key and trio key units. The duo key units are designed to meet the diverse demands of modern customers planning to stay or lease their apartments, while the trio key units are ideal for multi-generational families. Both unit types provide homeowners with hybrid and private spaces for living, working and entertaining. Interested parties may register interest at 0977 09 07 20 or website https://de-la-sol.vn
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.
Unique project in District 4 developed by an international real estate developer, CapitaLand – Asia’s largest real estate conglomerate.
The only project in District 4, invested by the international real estate company, CapitaLand – Asia’s largest real estate company.
The strategically located project connects directly to other central districts: District 1, 2, 5, 7.
With over 50 resort-standard amenities, including a 50-meter swimming pool, the project is unique in the area.
Designed by the world-class team from CapitaLand, the project prioritizes maximizing natural light and air.
The project only includes residential apartments, without any Officetel, ensuring security and privacy for residents.
The project has been topped off and is in the completion stage with absolute legal safety and construction progress.
The selling price starts from 80 million Vietnamese Dong per square meter (fully finished) and the payment is only 30% until the time of receiving the house in 2024. The bank supports the interest rate for 2 years after receiving the house.
With its luxurious design, strategic location, and unbeatable pricing, DE LA SOL is a rare project that meets both the living and rental needs as well as investment purposes, ensuring financial returns for customers in any market conditions.
To get more detailed information, please contact (+84) 938 47 88 39 or visit www.de-la-sol.vn. HAUSLANDpromises to accompany customers from the primary market to the secondary market and for rental purposes.
Creativity in both architectural design and diverse amenities in the living space is always a factor that creates a unique appeal for luxury apartments in the eyes of energetic, vibrant young people.
What are young people looking for when they buy a house today?
As an important customer segment in the real estate market, today’s young generation is making their standards and choices a leading trend in the market. Rather than just viewing a home as a place to live like previous generations, today’s youth aim to own a living space that is creative, inspiring, with health care amenities and connected with cultured communities.
In response to this trend, real estate corporations have created modern, unique, and luxurious residential projects with a wide range of high-end amenities and a focus on creative inspiration. A prominent example is De La Sol luxury apartment complex in District 4 (Ho Chi Minh City), with its bold and innovative idea of incorporating music inspiration into its architectural design and amenities, leaving a strong impression on young and dynamic customers.
The elegant design creates a unique harmony.
It’s not by chance that De La Sol chose music as the main inspiration for the project. Music has always had a strong connection with human life, and now with the advancement of living conditions, the younger generation has more opportunities to interact with music at an early age and see it as a source of energy in their daily life.
At De La Sol project, the musical inspiration is showcased in a unified manner, creating a harmonious connection between sound and architecture. Each tower is designed based on the inspiration from a distinct musical instrument such as guitar, saxophone, and harmonious bells.
Meanwhile, the area’s landscape and amenities are modeled after familiar music genres: Hip Hop, Jazz, Electronic Dance Music (EDM), and Rock, corresponding to the energy each district creates. Each music genre ignites its own energy source – Hip Hop brings an unlimited creative inspiration, Jazz represents the intelligence of the elite, EDM symbolizes the modern and playful lifestyle, while Rock represents the burning desire to break free.
The convergence of those energy sources in the living space helps bring a wealth of inspiration to young people, always ready to conquer the challenges of life. Whether you prefer calm, sophistication, or value dynamic energy, you can find a private space for yourself.
Living full of inspiration in every amenity
In addition to the design that emphasizes creativity and artistic spirit, more than 50 integrated in-site amenities at De La Sol – from commercial centers, supermarkets, parks, to gym rooms and swimming pools – also demonstrate unity and harmony with the architectural style, meeting the shopping, relaxation, and entertainment needs of residents. Particularly, this is the first project in Vietnam that owns a butterfly roof, maximizing the benefits of physical and entertainment for residents.
The Cadenza lobby greets residents with a representation of the free-spiritedness of music and emotional touchpoints like the art wall and sound dome. The most exciting thing for residents when entering the premises is the Skateboard ramp, along with well-invested amenities on the sky terrace, such as the party hall, Jazz pool, rooftop jacuzzi, outdoor cinema, tea garden, etc.
Young adults in De La Sol don’t have to search for new check-in destinations to show off their personalities, as their living space is already a unique and artistic masterpiece with unique “virtual” corners in the heart of the city, offering exciting experiences and opening up a space for connection for young people with the same trendy lifestyle. De La Sol high-end condominium is the perfect fit for the dynamic and inspiration-rich lifestyle of young adults in Vietnam.
For more information, visit www.de-la-sol.vn or contact (+84) 938 47 88 39.
Positive Driving Factors Boosting the Vietnamese Real Estate Market in 2023
The Vietnamese real estate market faced a challenging year in 2022. However, according to experts, the real estate market in 2023 will show bright signals, with a foundation laid from the challenging year of 2022.
2022: The Market Faced Many Challenges
In an interview with Batdongsan.com.vn, Nguyen Van Dinh, Chairman of the Vietnam Real Estate Association, summarized a range of factors that made the Vietnamese real estate market face many challenges in 2022. The unstable global economy and inflation have led to a significant decrease in global consumer demand, affecting Vietnam’s production and exports. In particular, the turmoil of the global economy continues to escalate in the context of political territorial conflicts. This reality makes inflation, although declining, still persist, especially in Europe and America, the base rate is increasing, and the monetary policy is tight.
The Vietnamese economy is also affected by the fluctuations of the global economy, causing a general decline in demand for goods. The market lacks raw materials and the cost of inputs is high, affecting business production. Many industrial companies do not renew the lease of some or all of their production items. Thus, the demand for housing decreases due to the impact on people’s income.
However, the housing market still mainly consists of high-end products that are too expensive compared to the average income of the population. In addition to the imbalance of the product structure, the total supply of housing is still not improved and remains scarce. The reason is that the mechanism is still in the process of being revised, many projects are blocked due to conflicting legal regulations, creating bottlenecks for a long time. Social housing supply cannot be implemented just because the laws are not open enough.
Furthermore, the Chairman of the Vietnamese Real Estate Association stated that the market still faces many obstacles such as regulations on planning that lack consistency and conflict with some related laws, making it difficult for localities to implement. Regulations on land and compensation cause difficulties in land transfer and compensation. Tax regulations make it difficult for localities to implement and attract investment.
In conclusion, the real estate market in Vietnam is facing many challenges and bottlenecks due to the impact of global economic fluctuations, scarce supply, and conflicting regulations.
Driving Force of the 2023 Real Estate Market
Despite 2022 being a challenging year for the real estate market, Mr. Nguyen Van Dinh still points out the bright spots of the large-scale economy and considers this to be the foundation and spark of the real estate market in 2023.
In terms of GDP growth, Vietnam’s GDP in 2022 reached 8.02%, the highest in the 2011-2022 period. In attracting FDI, the real estate business still ranks second in the largest FDI investment-attracting sectors in 2022 with a total investment of over 4.45 billion USD, accounting for 16.1%. The capital mainly focuses on the industrial real estate market and some large real estate projects.
The real estate M&A market records positive signals as it continues to heat up with foreign capital inflows. The market’s capital continues to be supplemented with a total of foreign capital flowing back to Vietnam that is predicted to increase from 2021, reaching 19 billion USD.
Regarding legal framework, Mr. Dinh said that the legal obstacles are in the process of being removed and improved. Specifically, the Government and National Assembly have made comprehensive solutions to remove obstacles for the real estate market, such as the establishment of the Prime Minister’s Task Force; the draft amendment to Government Decree No. 65/2022/ND-CP, amending and supplementing some provisions of Decision 153/2020/ND-CP dated December 21, 2020 on the sale, transaction of individual enterprise bonds in a more open direction, with a more appropriate process; the Government’s Resolution 1164/QD-TTg on removing obstacles for the real estate market and developing housing… These series of actions have and are igniting confidence among investors and buyers in reality.
Regarding market demand, Mr. Dinh said that the demand for housing in the period 2021-2030 will continue to increase, especially in urban areas. The urban population rate is currently around 40% and will increase to around 45% by 2030, requiring an additional 7 million m2 of housing per year. This is an opportunity for businesses to develop projects that are suitable for real-life demand.
Regarding finance, the Chairman of the Vietnamese Real Estate Association stated that the Ministry of Finance has issued Decree 65/2022/ND-CP, which amends Decree 153/2020/ND-CP regarding the sale and trading of corporate bonds in a more stringent control direction, providing a basis for companies to continue issuing bonds.
In terms of construction investment, by the end of 2022, 12 Ministries and 17 localities had an investment disbursement rate of over 80%, with some places even reaching 100%. Through the support package of 35 trillion VND, the development momentum of social housing was spurred. The policy of promoting investment disbursement in construction, in which infrastructure projects occupy a major proportion, will create many economic zones, tourist areas, cities… which will in turn create demand for housing, tourism, services, offices, especially the industrial real estate segment in the trend of transitioning the factories of multinational corporations. “All these changing factors will drive the Vietnamese real estate market to flourish in 2023,” emphasized Mr. Dinh.
To implement the 2023 New Year holiday plan of the Ministry of Labour, Invalids and Social Affairs and to facilitate the business plan, HausLand would like to announce the 2023 New Year holiday schedule as follows:
– Time Off: from: 30/12/2022 to: 02/01/2023
– Time to go back to work: 03/01/2023.
So, we would like to inform our customers, partners and all employees to know for the convenience of contact and work. During the break, customers and partners, please contact: +84 977 09 07 20 or Email: firstname.lastname@example.org, thank you.
Wishing all our customers, partners, employees and families a happy and prosperous new year!
– Address: LK3-7 Saigon Mystery, Bat Nan St, Binh Trung Tay Ward, Thu Duc City, Ho Chi Minh City, Vietnam
CapitaLand Development hands over ‘pink books’ for D1MENSION and apartments at ZENITY to homeowners of its award-winning luxury residences in Ho Chi Minh City
Reinforces CapitaLand Development’s commitment to delivering high-quality residential properties for discerning homeowners
Ho Chi Minh City, 4 November 2022 – CapitaLand Development (CLD), the development arm of CapitaLand Group, has handed over the first batch of ‘pink books’ to the homeowners of D1MENSION, its first luxury boutique residential development in the prime District 1 of Ho Chi Minh City. The remaining batch of ‘pink books’ is expected to be handed over to homeowners in 1Q 2023. Formally known as the ‘Certificate of Land Rights Use and Other Assets Attached to the Land’ issued by Vietnam’s Ministry of Natural Resources and Environment, the ‘pink book’ is a proof of ownership that outlines the legal rights of homeowners to use, lease and manage the apartment.
In addition, CLD has commenced the handover of apartments at ZENITY to homeowners. ZENITY is CLD’s latest luxury residential development in Ho Chi Minh City. The property has received positive feedback from homeowners upon handover, with many highlighting the quality of the apartments’ construction and furnishing, as well as the well-designed facilities across the development. Launched for sale in 3Q 2022, the apartments are available for viewing and interested parties may register at https://the-zenity.com.
Mr Wyeren Yap, General Manager of South Vietnam, CLD (Vietnam), said: “With over 28 years of experience in Vietnam, CLD continues to operate with the highest standards of integrity and excellence. As part of our focus on providing customers with exceptional service, we worked closely with the homeowners of D1MENSION to apply for the ‘pink books’. With D1MENSION being granted the ‘pink books’ by the Ministry, it reinforces CLD’s strong reputation as a trusted developer of choice that delivers world-class and high-quality properties for discerning homeowners in Vietnam.”
“We also welcome the homeowners of our latest luxury residential development, ZENITY. The prime residential development offers a coveted address in District 1, award-winning design, and best-in-class amenities that centre on the residents’ well-being. CLD remains committed to creating more quality spaces in Vietnam for the community to work, live and play, through sustainable and innovative solutions,” added Mr Yap.
CLD has handed over the first batch of ‘pink books’ to the homeowners of D1MENSION, its first luxury boutique residential development in the prime District 1 of Ho Chi Minh City
Mr Bao, resident of D1MENSION, said: “I am delighted to receive the ‘pink book’ for my apartment. CLD is a well-known developer in the market with its commitment to creating great customer value and experiences through high-quality products and services. This is also one of the reasons why I decided to purchase an apartment at D1MENSION.”
D1MENSION – Luxury living in the heart of Ho Chi Minh City
D1MENSION is CLD’s first luxury boutique development in the prime District 1 of Ho Chi Minh City
D1MENSION is a 17-storey residential tower, offering a variety of two-, three- and four-bedroom apartments as well as penthouse units with panoramic views of the city skyline. It offers a wide range of facilities including a fully-equipped sky gym and a sky infinity swimming pool. D1MENSION received ‘Best Luxury Condo Development in Ho Chi Minh City’, the ‘Best Condo Architectural Design’ and ‘Best Residential Interior Design’ at the PropertyGuru Vietnam Property Awards 2017 and ‘Five Stars Awards for Property Single Unit in Vietnam’ at the Asia Pacific Property Awards 2017.
ZENITY – An urban oasis in Ho Chi Minh City’s most prestigious district
With its prime location in District 1, the 198-unit ZENITY is near to several retail, lifestyle and entertainment options with popular spots such as the Ben Thanh Market, Nguyen Hue Walking Street and the Saigon Opera House just a 5- to 10-minute drive away. ZENITY is also connected to downtown Ho Chi Minh City via the Vo Van Kiet Highway. From the property, the CBD is a five-minute drive away, and about a 10- to 15-minute drive to Ho Chi Minh City’s key districts such as the city’s cultural centre in District 5 and District 7 as well as Thu Duc City, the city’s new financial and business hub. International schools such as the Asia International School and medical facilities are also within a 5- to 20-minute drive.
The 198-unit ZENITY has a prime location in District 1
Overlooking the city, ZENITY offers a wide selection of fully-furnished units, from two- to three-bedroom apartments, as well as premium duplex and penthouse units, enabling residents to move-in or rent out immediately upon handover. The units range between approximately 69 square metres (sqm) and 183 sqm.
ZENITY’s resort-style facilities offer a private and ‘zen-in-the-city’ experience for its homeowners. The property’s state-of-the-art and thoughtfully designed recreational amenities include its Coworking Space, Fitness Centre, Party House as well as Garden Lounge Deck and The Zen Courtyard. Homeowners can also unwind at the Lagoon Pool with a Poolside Bar Lounge, Poolside Lounge Deck, Water Deck and Jacuzzi Oasis. Verdant greenery has been incorporated throughout ZENITY, blending the serenity of nature with the vibrancy of city living.
Setting a new benchmark for luxury living in Vietnam, ZENITY received ‘Best Luxury Condo Interior Design’ at the prestigious PropertyGuru Vietnam Property Awards 2021. The luxury residence features an ‘urban oasis’ concept with contemporary aesthetics.
CapitaLand Development (CLD) is the development arm of 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, 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 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.