CapitaLand launches 4,000-unit high-end residential project in Hanoi

By Thy An   November 8, 2023 | 07:00 pm PT
CapitaLand Development has launched a residential project with a projected gross development value of US$1 billion in Hanoi.

Lumi Hanoi was designed by renowned French architect Jean-François Milou of Studio Milou and spans an area of approximately 5.6 hectares in the west of Hanoi, near a variety of amenities including parks, schools, shopping malls, medical centers, and the new administrative center.

It is accessible by Thang Long Highway and is a convenient 20-minute drive from Hanoi’s central business district and a 40-minute drive from Noi Bai International Airport.

In the future, connectivity will be further improved when several metro lines begin operations.

The project will comprise about 4,000 units across nine 29- to 35-story towers to be developed over phases.

It will offer a wide selection of unit types, ranging from 42 sq.m for a one-bedroom unit to 135 sq.m for a four-bedroom unit. There will also be duplex units and penthouses ranging from 115 sq.m to 410 sq.m in size.

Ronald Tay, CEO of CLD (Vietnam), said that they are pleased to expand their residential offering with the development of Lumi Hanoi in the capital of Vietnam to meet the demand for quality real estate amidst the country’s continuing urbanization and population growth.

Positioned as one of CapitaLand’s signature residential projects, Lumi Hanoi will continue their commitment to sustainable urbanization, delivering expertly crafted living spaces and amenities that meet the aspirations of discerning homebuyers, Tay said.

"Leveraging CapitaLand’s strong track record and expertise in developing award-winning residential properties across Asia, we are confident that Lumi Hanoi will set a new benchmark for sophisticated and sustainable urban living in the capital city," he added.

Tay also considered Vietnam as one of the three core markets for CLD. The development holds a long-term view of its business in the country.

Amidst uncertainties in Vietnam’s real estate sector, the company remains confident of securing compelling investment opportunities by leveraging its close to three decades of on-the-ground experience and strong financial standing.

"As one of Asia’s leading real estate developers with expertise across multiple sectors, we are on the lookout for attractive opportunities across various asset classes, with a focus on the residential and commercial sectors in the near term. Our long-term vision is to become a developer of choice in Vietnam’s sustainable urbanization journey, contributing towards the country’s economic success through quality real estate products and services," Tay said.

With Lumi Hanoi, CLD’s residential portfolio in Vietnam will comprise about 16,000 quality homes across 17 projects.

CapitaLand has been operating in Vietnam since 1994 and has established a strong foothold in the market with a diversified portfolio that includes a retail mall, a SOHO development, and two integrated developments.

Lumi Hanoi - A radiant way of living

Lumi Hanoi is a visionary vertical neighborhood that is expected to transform the city’s community with a blend of sustainability, sophistication, and serenity to redefine urban living.

Milou, the designer, is also behind the design of the Binh Dinh Convention Center in Quy Nhon in central Vietnam, and the National Gallery of Singapore. Lumi Hanoi is his first residential project in Vietnam.

Lumi Hanoi is inspired by "lumière", the French word for light. This concept of a "city of lights" underpins the different elements that drive the design philosophy seen throughout the project.

Starting with the façade of the different towers that have been curated to break the monotony, providing a visual delight, screens and architectural elements let sunlight and shadows intermingle and play through the day, and as night falls, the lights provide a beacon to guide people home.

Lumi Hanoi will comprise about 4,000 units across nine 29- to 35-story towers to be developed over phases. Photo courtesy of CapitaLand

Lumi Hanoi will comprise about 4,000 units across nine 29- to 35-story towers to be developed over phases. Photo courtesy of CapitaLand

Lumi Hanoi’s distinctive landscape design is themed after celestial elements such as the sole, aurora, and stella and features rolling hills and ecosystem ponds, a departure from the ordinary flat terrain seen elsewhere.

A central park provides a serene haven and serves as a gateway to outdoor amenities. A distinctive elevated boardwalk, serving as a verdant landscape spine, binds the sprawling development, providing a connection that integrates residents with the nearby amenities.

At night, the elevated boardwalk illuminates the landscape with a stream of light amidst the stars.

Lumi Hanoi features more than 80 facilities for residents of all ages, including 15 sports courts and various pools to promote an active lifestyle.

Lumi Hanoi is targeting achieving the EDGE (Excellence in Design for Greater Efficiencies) certification issued by the International Finance Corporation.

Key sustainability features include 4.3 hectares of landscaping, rainwater harvesting, ecosystem ponds, a biotope system, and electric vehicle charging lots and bicycle lots.

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