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Explore Vietnam
Delivered 2024
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Delivered 2024
Vietnam's first CapitaLand SOHO officetel product — lake-adjacent address, 50-year foreign leasehold allowed, entry point at 3 billion VND.
CapitaLand Development's first Small-Office-Home-Office project in Vietnam. 202 units across 25 storeys and 4 basements on the same Heritage West Lake plot. Studios 45-46 m² (66 units), 1BR 55-60 m² (71 units), 2BR 82-88 m² (65 units). Co-working space, kindergarten and retail on lower floors; rooftop pool and gym on floor 25. 100% of units were booked at the exclusive launch event.
Balanced for both homeowners and investors.
Hanoi's top-tier lake-view address — the only CapitaLand-built luxury tower directly on Hồ Tây, with Ascott hotel service and 20-min airport runs. Tradeoff: Residences entry is 11-13 billion VND and foreigners only get 50-year leasehold, so it is not a capital-preservation play for expats.
Homeowner: A prestige lake-front choice for well-funded homeowners, with a few real trade-offs. CapitaLand build quality, Ascott hotel service, a heated sky infinity pool and an on-site kindergarten sit on one of Hanoi's lowest flood-risk shores. Against that, only about 60% of pink books are processed, 375 units share a 0.9 ha plot, and Metro Line 2 is not expected before 2029-2031.
Investor: A prestige-and-resale thesis rather than a yield story. Both towers have a documented resale market and an expat and diplomat tenant pool, but Residences rents only about 2-3% gross at best, tickets start around 13 billion VND, and the foreign quota is effectively closed. SOHO yields more, around 4-6%, with a more volatile price record.
| Market range | 60 triệu – 91 triệu/m² |
| Unit price | 2,7 tỷ – 6,3 tỷ |
| Rent | 15 triệu – 30 triệu/mo |
| Launch price | 63 triệu/m² |
| Project | Price | Distance |
|---|---|---|
| SOHO | 71 triệu/m² | — |
| Heritage West Lake | 145 triệu/m² | 0 km |
| Ciputra Hanoi | 108 triệu/m² | 1.4 km |
| Noble Crystal Tay Ho | 180 triệu/m² | 1.7 km |
| Starlake | 164,9 triệu/m² | 2.2 km |
Luxury Hồ Tây pricing held firm through the 2023-2024 Hanoi slowdown because supply is fixed and the lake frontage cannot be replicated. Residences units are now 30-40% above their 2019 launch price and SOHO has appreciated 5-15% since its 2023 debut.
| Status | Delivered 2024 |
| Completion | 2024 |
| Total Units | 202 |
| Towers | 1 |
| Launch Date | 2023-03-19 |
| Handover | 2024-12 |
| Construction Permit | Approved |
| Pink Book | Partial |
| Pink Book % | 50% |
| Legal Notes | Vietnamese buyers get long-term (freehold) ownership; foreign buyers get 50-year renewable leasehold. Red books (sổ hồng) being issued progressively from handover in September 2024. CapitaLand is a listed Singapore developer with strong legal track record in Vietnam. |
SOHO, Heritage West Lake
Ultra-high-net-worth Vietnamese buyers, senior expats (Korean, Japanese, Singaporean executives), and diplomats working near Tây Hồ's embassy corridor. Mix of owner-occupiers and long-stay serviced residents via Ascott. SOHO tower draws younger entrepreneurs and small-office tenants.
