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DEFINE by CapitaLand: Another Project Sold Out on Launch Date

Posted by Khoi Pham on December 15, 2021

December 4th, 2021 marks the launch of the luxury segment project with limited version units in the real estate market of Ho Chi Minh City: DEFINE of CapitaLand.

88 apartments: 3 bedrooms (197m2), 4 bedrooms (298m2) and 2 penthouses quickly found new owners at the price:

  • 3 bedroom: from 27 billion VND/apartment
  • 4 bedroom: 37-40 billion VND/apartment

The DEFINE units turned to red when found new owners on launch date

A rare launch event with direct attendees, complying with strict social distancing provisions during the Covid-19 epidemic

With a limited quantity, the developer has carefully selected the most potential customers to design 2 small-scale launch events at Sheraton Saigon and Park Hyatt, respectively, in compliance with social distancing rules during the Covid-19 epidemic. Perhaps, this is the only project this year that has the conditions to hold a launch event in the form of such direct participation, unlike the majority of remaining projects launched online due to travel restrictions and mass gathering limitation.

However, this does not reduce the heat as well as the absorption of the DEFINE project, when most customers getting 3 or 4 bedrooms with direct river view for direct use, only few cases with good finance aim for investment. The actual demand for large apartments in this high-end segment is huge, but with only 88 apartments at DEFINE, the supply is like a drop in the ocean, easy to see why they are all sold out quickly. With only 24 days to collect refundable bookings, a sufficient number of interested customers have been gathered.

Customers attending the launch event of DEFINE

The groundbreaking ceremony of the DEFINE project took place on November 6th, 2021, warming up the apartment market in Thanh My Loi ward, Thu Duc city.

With the DEFINE project, CapitaLand will cooperate with Thien Duc Construction Trading Co., Ltd to develop special features as:

  • The scale of the project is only 88 luxury apartments
  • The location is near the headquarters of Thu Duc City People’s Committee, the center of Thanh My Loi ward
  • Most apartments have their own elevator lobby, as well as a private garden or swimming pool
  • Notably, DEFINE is recognized as the project with the largest number of swimming pools in HCMC
  • Exquisite lifestyle inspired by the high-class lifestyle of the principality of Monaco, 26-storey DEFINE offers 50 modern and luxurious amenities such as cigar room, luxury garage and automatic parking system firstly in Vietnam
  • Luxury car garage with a capacity of 10 parking spaces, fully equipped with high-class amenities, electric charging stations and transparent rolling door system
  • Each parking space is also arranged with an area 50% larger than an average parking space
  • DEFINE offers 3- and 4-bedroom apartments as well as fully furnished penthouses, with areas ranging from 197 to 528m2. The apartments here are equipped with equipment of top quality and famous brands such as Gessi, Poliform, Villeroy & Boch and V-Zug. This is the first time that Poliform and V-Zug branded products have been launched in a housing project in HCMC.

DEFINE project progress, updated 12/2021

Ho Chi Minh City property market is still developed strongly with the backup of strong demand and limited supply, please contact Realtique to know about upcoming good projects that are recommended for investment.

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