In the context of the scarcity of apartment supply in the Hanoi real estate market, CapitaLand Group officially commenced the Lumi Hanoi Project on the morning of March 1, 2024 in Tay Mo Ward, Nam Tu Liem District, Hanoi. After completion, it is expected to provide over 4,000 apartments for the Hanoi market.
On March 1, 2024, the Lumi Hanoi residential project with approximately 4,000 high-end apartments, invested by CapitaLand Development Vietnam, officially broke ground in Nam Tu Liem District, Hanoi.
The Lumi Hanoi project, invested by CapitaLand Development Vietnam, with an expected total investment capital of over 1 billion SGD (about 18,000 billion VND), is located in a prime location, with two facade facing Thang Long Avenue and Ring Road 3.5, overlooking three major urban areas: Vinhomes Smart City, Nam An Khanh, and Mailand (formerly Bac An Khanh).
The project will be implemented in multiple phases, including 9 towers ranging from 29 to 35 floors. With various types of apartments, from 42m2 one-bedroom units to 135m2 four-bedroom units. Duplex and penthouse units with areas ranging from 115m2 to 410m2 will also be integrated into the project.
Since the end of 2023, CapitaLand Development has announced preliminary information about the Lumi Hanoi high-end apartment project. Accordingly, the project is built on nearly 5.6 hectares of land in the well-planned western area of Hanoi, adjacent to amenities such as parks, schools, shopping centers, healthcare facilities, and new administrative center…
Information about the selling price is also highly anticipated by many investors. According to a real estate sales staff, the project is being offered for sale at a starting price of 66 million VND/m2 (excluding VAT).
