Mulberry Lane to receive first residents

00:00 | 30/11/-0001
Mulberry Lane, the first project of Singapore-based CapitaLand in Hanoi, will receive its first residents in the third quarter of this year.

According to a source from CapitaLand – Hoang Thanh, a joint venture between CapitaLand and Hoang Thanh Investment and Infrastructure Development Joint Stock Company, final works are in the process of being completed before the hand over to buyers begins.

Mulberry Lane is one of a few projects which have kept up to schedule despite the real estate market slump.

Comprising of five blocks, totalling less than 1,500 apartments, Mulberry Lane is part of a complex facility with trees. The five blocks will be finished progressively.

Of the five blocks, one block has sold out, the other three are on sale and the last block is not launched for sale yet. A source from the company said that the current average price for every metre of an apartment in this project was at VND23 million ($1,100), excluding VAT.

“So far more than 75 per cent of the first four blocks of the project have been sold. Such high sales rates represent good progress for the project, while the final block will be constructed to a new conceptual design with its price dependent on the market value,” the source said.

Founded in 2009, Mulberry Lane is strategically located in the Mo Lao New Urban Area, in Hadong district, Hanoi. Mulberry Lane distinguishes itself from other residential projects in the city given its architectural design, landscaping, quality finishing and comprehensive range of facilities.

Residents will be able to enjoy landscaped gardens with lush greenery and a wide range of recreational facilities such as a 50-metre pool, sauna, gymnasium, putting green, multi-purpose court and tai chi lawn for a three-generation family.

The development offers different unit types ranging from studio to three bedrooms,

special duplexes with double volume space and even penthouses with access to a private rooftop landscape deck.

CapitaLand is one of Asia’s largest real estate companies. Headquartered and listed in

Singapore, the multi-local company's core businesses in real estate, hospitality and real estate financial services are focused in growth cities in Asia Pacific and Europe.

The company's real estate and hospitality portfolio, which includes homes, offices, shopping malls, serviced residences and mixed developments, spans more than 110 cities in over 20 countries.

With its partners in Vietnam, the company is the largest serviced apartment manager with 10 serviced apartment projects in Hanoi, Ho Chi Minh City, Danang and Haiphong and six residential development projects, two in Hanoi and four in Ho Chi Minh City.

By By Bich Ngoc

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