CapitaLand Development (CLD) has officially partnered with Vingroup Joint Stock Company, marking a significant step in the collaborative efforts towards large-scale urban development within Vietnam. The partnership, unveiled at a signing ceremony led by CLD CEO Jonathan Yap and Vingroup chairman Pham Nhat Vuong, is expected to channel extensive capital into the Vietnamese real estate market, enhances both companies’ roles amid increasing consumer demand for modern living spaces.
Doubling Down on Investment
Tan Wee Hsien, CEO of CLD Vietnam and International, emphasized Vietnam’s critical role as a core market alongside Singapore and China. With a strategic vision to more than double its capital investment in Vietnam over the next five years, the partnership looks set to bolster CLD’s influence in the nation’s evolving real estate landscape. “By merging Vinhomes’ local expertise with CLD’s regional know-how in design and asset management, we are well-equipped to meet the growing demands for quality urban living,” Tan stated.
Elevating Vinhomes’ Urban Development Strategy
According to Nguyen Dieu Linh, vice chairwoman of Vingroup and board member of Vinhomes, this collaboration is pivotal for executing Vinhomes’ ambitious development strategy. By aligning efforts with CLD, the partnership aims to create high-quality urban spaces that foster livable, modern communities reflective of international standards.
Introducing The Fullton: A New Residential Milestone
In tandem with the announcement, CLD debuted The Fullton, its inaugural low-rise residential project located in the burgeoning Hung Yen Province, part of the expansive Vinhomes Ocean Park 3 complex. With a residential development portfolio now exceeding 19,000 units across 19 projects in Vietnam, The Fullton showcases a commitment to quality living solutions.
Strategic Location and Diverse Offerings
Situated just east of Hanoi, The Fullton boasts excellent connectivity to major infrastructure routes, including National Highway 5A and the forthcoming Tran Hung Dao Street. The project will comprise various residential options such as shophouses, cluster villas, and single villas set within a gated community, catering to a multitude of lifestyles and preferences.
Spanning 25 hectares and developed in two phases, The Fullton’s first phase will offer 342 units with completion aimed for 2026, while an additional 350 units will follow in the second phase by 2027. The development will include a Central Park and an array of amenities designed to enrich the quality of life for its residents.
Designing for a Sustainable Future
An eco-conscious design philosophy underpins The Fullton, featuring terraced landscaping that harmonizes with Vietnam’s natural terrain. By integrating green spaces, CLD emphasizes a commitment to livability and sustainability within the residential framework.
This partnership represents a significant advancement in urban development, promising to enhance the quality and availability of housing options in Vietnam. As brands like CLD and Vingroup expand their presence, consumers can anticipate improved, sustainable living environments that cater to modern lifestyles.
