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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 strong choice for homeowners prioritizing Hanoi's premier lake-view address. CapitaLand-built with Ascott hotel-grade management, UNIS International School 460m away, and an active F&B strip at the door — a combination unavailable elsewhere in Hanoi at this tier. The genuine tradeoffs are road noise from Lạc Long Quân and no operating metro within 3 km (Metro Line 2 station C7 Hồ Tây targets 2029).
Investor: A durable investment anchored by an irreplaceable West Lake address and proven expat rental demand. SOHO officetel units at 60-90M/m² yield 4-6% gross from diplomat and short-stay tenants; Residences yield sits closer to 3-4% given higher entry prices. The foreign-ownership quota is effectively closed, narrowing the buyer pool for resale and extending exit timelines.
| Market range | 60 triệu – 100 triệu/m² |
| Unit price | 3,5 tỷ – 7 tỷ |
| Rent | 15 triệu – 38 triệu/mo |
| Launch price | 63 triệu/m² |
| Project | Price | Distance |
|---|---|---|
| SOHO | 80 triệu/m² | — |
| Heritage West Lake | 165 triệu/m² | 0 km |
| Ciputra Hanoi | 305 triệu/m² | 1.4 km |
| Noble Crystal Tay Ho | 200 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.
