CapitaLand Development starts home handovers at southern Vietnam urban complex

Singaporean-invested CapitaLand Development (CLD) has commenced the handover of homes at The Orchard, the first completed residential community within its 18.9-hectare master development, Sycamore, in Ho Chi Minh City.

The homes at The Orchard, located in Binh Duong ward - a rapidly emerging urban core in the greater HCMC, are delivered with fully completed facades, offering homeowners a flexible canvas to design spaces that suit their personal tastes and lifestyle.

HCMC, Binh Duong, and Ba Ria-Vung Tau were recently merged to form the new HCMC.

Spanning 9.1 hectares, The Orchard is a gated and guarded residence featuring 368 premium landed homes, including terrace houses, twin and single villas.

To date, more than 90 per cent of homes are sold, the company said in a release on Tuesday.

CLD’s handover for The Orchard marks a strong continuation of the developer’s momentum following a remarkable first half of the year, the release added.

Key milestones across multiple projects in Vietnam were achieved, including the full booking of Orchard Heights within the Sycamore master development and the complete take-up of commercial spaces at Lumi Hanoi and The Senique Hanoi.

CLD in June broke ground on The Fullton, the first luxury low-rise development in northern Vietnam, and entered a strategic partnership with Vinhomes Joint Stock Company to further strengthen long-term growth and delivery capabilities.

Tan Wee Hsien, CEO of CapitaLand Development Vietnam & International, said: "These achievements contribute to our long-term strategy to increase our capital investment in Vietnam and expand our residential portfolio to 30,000 homes by 2029."

"Vietnam continues to be a core market for CLD, where we emphasize innovation, sustainability, and lasting value across every development.”

CLD will also unveil Orchard Grand, the next high-rise development within Sycamore, with its exclusive preview scheduled for Q3/2025, which is poised to set a new benchmark for luxury living in the area.

The Orchard is the first phase of Sycamore, a master development jointly developed by CLD and United Overseas Australia (UOA). Sycamore features over 3,500 units and has a gross development value exceeding S$1 billion (over $778 million).

CapitaLand Development (CLD) is the development arm of CapitaLand Group, with a portfolio worth S$21.3 billion as of June 30, 2025. Focusing on its core markets of Singapore, China and Vietnam, 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 30 years.

CLD (Vietnam)’s portfolio comprises one SOHO development, two integrated developments, and over 19,000 quality homes across 19 residential developments.