Rapid Sell-out expected for CapitaLand’s Vietnam project

JLL recently disclosed that D1MENSION, the latest 302-unit residential project by CapitaLand in Ho Chi Minch City (HCMC), Vietnam will be launched on 22 October that will likely to entice Singaporean investors. This luxurious residential tower will encompass a 17-storey tower with 22-storey serviced residence. Valued at US$106 million (s$143 million) this project will be operated by CapitaLand’s The Ascott and is expected to be completed by 2018.capitalands-17storey-residential-tower-22storey-somerset-serviced-residence-in-prime-district-1-of-hcmc-crop-original

CEO of CapitaLand Vietnam, Chen Lian Pang is confident that despite the limited numbers of units, D1MENSION will also become in demand same with other projects that they previously launched in HCMC which average to approximately 90 percent sales.

JLL Research further expects a rise of around five to 10% for the overall price of apartments within three years based on the affordability and strong absorption levels.

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