Sycamore CapitaLand project has received two real estate awards.
CapitaLand Development has been awarded the ‘Outstanding Residential Project’ and ‘Outstanding Environmentally Friendly Residential Project’ awards at the 2022 Asia PropertyGuru real estate finals for Sycamore Binh Duong project.
This is the third time CapitaLand Development (CLD) – the real estate development arm of CapitaLand Group – has been recognized at PropertyGuru, an award that brings together top real estate developers in the region.
Mr. Ronald Tay, CEO of CLD Vietnam, shared that the received awards once again affirm the company’s commitment to creating quality projects for future homeowners and emphasizing environmental concerns – a core element of the group’s activities. “We integrate green space solutions right from the design phase to promote sustainable living. With over 28 years of development experience in Vietnam, we always strive to deliver projects with internationally acclaimed designs on our journey to becoming a top trusted investor,” Mr. Ronald Tay added.
Sycamore is located in the new city of Binh Duong, about 30km from Ho Chi Minh City. With a total area of 18.9 hectares, CLD’s first large-scale residential project is expected to consist of over 3,700 apartments and long-term homes built in low-rise, mid-rise, and high-rise projects, providing quality living spaces for around 13,000 residents. The Sycamore project is expected to launch in the second quarter of 2023, with the initial phase targeted for completion in 2024 and the entire project expected to be completed by 2027.
Aiming for upscale resort-style design, a representative from the project stated that Sycamore comprises seven zones with separate entrances. Two zones include combinations of townhouses, semi-detached houses, and spacious villas with private clubs and gardens. Four zones feature 24-story towers for residents who enjoy high-rise living, accompanied by dining facilities and retail stores such as convenience stores, cafes, restaurants, and spas. The seventh zone will be designed as a 10-story apartment building.
According to the developer’s representatives, sustainable and environmentally-friendly features will be integrated into the Sycamore project. For instance, a central park spanning 10,000 square meters within the mid-rise residential zone will serve as a gathering place for residents to connect with the community and relax. The Sycamore project also offers numerous green spaces that contribute to lowering the ambient temperature and enhancing the well-being of the residents.
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The transportation infrastructure is also being developed to encourage residents towards a sustainable lifestyle. The Sycamore project promises to be one of the first projects with infrastructure dedicated to electric vehicles in the new city of Binh Duong. Bicycle lanes and pedestrian-friendly sidewalks will also be constructed to encourage residents to use cars and motorcycles for short distances. An electric vehicle system will also be implemented for residents to move between the two low-rise residential areas. Rainwater will be collected and reused to irrigate parks and other green spaces. Sycamore also aims to achieve the EDGE certification from IFC, a member of the World Bank Group.
The developer of the Sycamore project, CapitaLand Development, is a branch of CapitaLand Group, with an investment portfolio of around SGD 21.3 billion as of September 30. The company possesses a wide range of development capabilities, including integrated projects, retail areas, office spaces, residential areas, commercial spaces, industrial areas, and data centers.
CLD Vietnam oversees and develops investment and development activities in Vietnam, a core market where the group has built a presence for over 28 years. The investment portfolio in Vietnam includes retail areas, Soho model projects – a combination of office and residential spaces, 2 complex projects, and over 13,000 quality apartments in 17 residential projects in Hanoi and Ho Chi Minh City. With expertise in comprehensive planning, land planning, and project development, the unit has earned numerous prestigious awards, including the Asia-Pacific Property Awards, Asia PropertyGuru Awards, Vietnam PropertyGuru Awards, and Golden Dragon Award.
“As part of the group’s development philosophy, CLD places sustainability at the core of its business activities. The unit partners with the group in contributing to environmental and social welfare issues in countries where the group operates, aiming to provide long-term economic value to stakeholders,” shared a representative from CLD Vietnam.
For more information about the Sycamore project in Binh Duong, visit: www.sycamore-capitaland.com.vn
