Mulberry Lane: CapitaLand’s First Project in Hanoi Welcomes Residents
Mulberry Lane, the highly anticipated residential development by Singapore-based CapitaLand, is set to welcome its first residents in the third quarter of this year. This project marks CapitaLand’s inaugural venture into Hanoi and promises to deliver not only homes but also a vibrant community atmosphere.
Strategic Partnership and Project Progress
CapitaLand has partnered with Hoang Thanh Investment and Infrastructure Development Joint Stock Company to bring Mulberry Lane to life. According to a recent update from CapitaLand – Hoang Thanh, the final touches are being put on the project, with preparations underway for the handover to buyers. Remarkably, Mulberry Lane stands out as one of the few projects that have adhered to its timeline, even amidst the broader challenges faced by the real estate market.
Project Overview and Sales Status
The development comprises five blocks and features nearly 1,500 apartments. Interestingly, the blocks will be completed in phases. Currently, one block has sold out, while three others are available for sale, and the final block remains unsold. A representative from CapitaLand revealed that over 75% of the first four blocks have already been sold, indicating strong market interest. The average price per square meter for these units is around VND 23 million (approximately $1,100), exclusive of VAT.
Location and Unique Features
Mulberry Lane is strategically situated in the Mo Lao New Urban Area, located in Hanoi’s Hadong district. What sets this project apart from other residential offerings in the city is its thoughtful architectural design, extensive landscaping, high-quality finishes, and a comprehensive array of facilities. This focus on quality reflects the company’s commitment to cultivating a desirable living environment.
Amenities and Lifestyle Opportunities
Prospective residents will enjoy a wealth of amenities designed to enhance their lifestyle. The development features beautifully landscaped gardens adorned with lush greenery, providing a tranquil escape from the bustling city. The amenities also include a 50-meter swimming pool, sauna, gymnasium, putting green, multi-purpose court, and a tai chi lawn, catering to families across all generations.
Diverse Living Options
Mulberry Lane offers a variety of living spaces, meeting the diverse needs of its residents. The project includes units ranging from studios to three-bedroom apartments, as well as special duplexes with double-volume spaces. Additionally, there are exclusive penthouses featuring private rooftop landscape decks, providing stunning views and outdoor living experiences.
CapitaLand’s Legacy in Asia Real Estate
CapitaLand is recognized as one of Asia’s largest real estate companies, headquartered and listed in Singapore. With a focus on growth cities in Asia Pacific and Europe, CapitaLand’s core businesses span real estate, hospitality, and financial services. The company’s extensive portfolio includes homes, offices, shopping malls, serviced residences, and mixed-use developments across more than 110 cities in over 20 countries.
In Vietnam, CapitaLand stands as the largest serviced apartment manager, operating ten projects in key cities such as Hanoi, Ho Chi Minh City, Danang, and Haiphong. Additionally, the company is actively involved in residential development, with six projects—two in Hanoi and four in Ho Chi Minh City—further solidifying its presence in the Vietnamese market.
Project Outlook
As the first residents prepare to move into Mulberry Lane, the development is poised to become a vibrant community within Hanoi, offering high-quality living along with a rich array of amenities. With strong sales figures and a carefully curated living experience, Mulberry Lane is set to make a lasting impact in the local real estate landscape as it progresses into its next phase.