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.
Better for long-term living than for investing.
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 solid choice for homeowners willing to pay for Hanoi's premier lake-view address. CapitaLand's Ascott-managed delivery means hotel-standard facilities and maintenance, with UNIS international school steps away and direct West Lake views from every Residences unit. The honest tradeoff is a 23% price premium over segment peers and meaningful road noise on lower floors facing Lạc Long Quân.
Investor: The investment case is location-and-brand driven, not yield-driven. Ascott management attracts corporate and diplomatic tenants, but Residences gross yields are modest — below 3% at current prices. The SOHO officetel tower is the more pressing concern, with resale prices down 20–22% from recent peaks. Metro Line 2 (C7 Hồ Tây, targeting 2029) is the most credible catalyst for medium-term rental and resale support.
| 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 | 305 triệu/m² | 1.4 km |
| Noble Crystal Tay Ho | 180 triệu/m² | 1.7 km |
| Starlake | 195 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.