CapitaLand unveils second phase of project Sycamore in Vietnam

This follows the launch of its first phase which sold 70% of its released units.

CapitaLand Development (CLD) unveiled Orchard Hill in Binh Duong, Vietnam, the second phase of Sycamore, a joint venture between CLD and the United Overseas Australia (UOA) Group.

Spanning 18.9 hectares, Orchard Hill offers 774 units across its two 24-storey towers, ranging from one-bedroom units starting at 56 sq m to three-bedroom units up to 112 sq m, as well as duplex and penthouse options. It will officially launch in Q4 2024 and will be completed in Q4 2026, housing a total of 13,000 residents.

Sycamore will offer 3,500 freehold units to be completed in 2028. The project has an estimated total gross development value of $1b (VND18t) and is set to be fully completed by 2028.

In addition, Sycamore will be Binh Duong New City's first EV-ready development, with all plots featuring EV charging stations. The project also utilises rainwater harvesting, which is expected to result in 30% water savings on irrigation or 3 million litres of water savings annually.

Orchard Hill follows the launch of Sycamore’s first phase, The Orchard, which has sold 70% of its released units.