CapitaLand Development sold all units of DEFINE at average selling price of VND125 million per sqm

SINGAPORE - Dec. 6, 2021 - PRLog -- CapitaLand Development (CLD), the development arm of CapitaLand Group has sold all units of DEFINE, its highly-anticipated luxury residential development in Ho Chi Minh City in two hours.  Sales began at the exclusive weekend preview on Saturday, 4 December 2021 in Vietnam, and by 11:30am (GMT +7), all units of the 88-unit development were sold out.  The units were sold at an average selling price of about VND125 million (US$5,500[1]) per square metre (psm) and all units were sold above VND23 billion (US$1 million).  The highest-priced four-bedroom unit on the 24th floor was sold at about VND150 million (US$6,500) psm.  The penthouse unit located on the 25th level with spectacular views of the Saigon River, was also sold through a ballot at about VND83 billion (US$3.7 million), equivalent to VND160 million (US$7,000) psm.

Mr Ronald Tay, CEO of CLD (Vietnam), said: "The stellar sales performance of DEFINE is a testament to CapitaLand's reputation and real estate expertise in designing and delivering high-quality residential projects that attract discerning homeowners.  With our experience operating in Vietnam for over 25 years, we are attuned to the market's demand for well-located and well-designed homes.   Homebuyers are drawn to DEFINE's luxurious lifestyle amenities such as a private courtyard, a private lap pool, lift access directly to the apartment, as well as its first-in-market features such as the first automated smart car parking system in a residential project in Vietnam."

"A green-certified and award-winning property, DEFINE raises the benchmark for residential projects in the country, combining luxury and sustainability to enrich the lives of our residents.  Having sold all the units at DEFINE, we look forward to the launch of our first luxury residence in Hanoi, Heritage West Lake in 1H 2022," added Mr Tay.

For full release: https://bit.ly/CLDVND2Em