Mid to high-end residential project in Hanoi's Ha Dong district launched on August 26.
CapitaLand Vietnam Holdings (CapitaLand) and the Hoang Thanh Investment and Infrastructure Development JSC (Hoang Thanh) announced the launch of the new mid to high-end residential project Seasons Avenue in Hanoi’s Ha Dong district on August 26.
With the success of high-end residential projects in Vietnam such as The Vista, Mulberry Lane and Vista Verde, the launch of Seasons Avenue marks an important milestone for CapitaLand Vietnam, according to Mr. Lim Hua Tiong, General Manager, North Office, CapitaLand Vietnam Holdings.
“We target to complete and handover the project to homebuyers by the end of 2017, as scheduled,” he added. “As a long-term real estate developer in Vietnam we are committed to Singapore development standards and on-schedule delivery.”
Located at the Mo Lao New Urban Area, Seasons Avenue has a total land area of 1.36 ha and a total gross floor area (GFA) of 196,000 sq m.
With total investment of $170 million, the project comprises four blocks of 40 to 41 storeys, called S1, S2, S3, S4, and drawing inspiration from the four seasons concept.
The ground floor and the fifth floor are reserved for an array of more than 60 facilities, such as an infinity swimming pool with city views, a wet play area for children, and calorie-burning steps from the ground floor to the fifth floor.
Levels 2, 3 and 4 are reserved for parking and from Level 6 onwards are 1,300 quality apartments for sale. The typical area of an apartment varies from 67 to 135 sq m with two or three bedrooms. All units are designed intelligently to maximize natural lighting and ventilation.
Vietnam is one of CapitaLand’s key markets in Asia, where it has a presence in the four major cities of Ho Chi Minh City, Hanoi, Hai Phong and Da Nang in the residential and serviced residences sectors.
Hoang Thanh is a leading company in investment, construction, real estate, infrastructure, and real estate consultancy. Its major shareholders are reputable companies operating in funds, finance and real estate. Besides Mulberry Lane, Hoang Thanh also develops other projects in Hanoi such as the Hoang Thanh Tower residential and commercial office project.