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Two CapitaLand Vietnam projects receive green certification

Released at: 16:55, 04/06/2019

Two CapitaLand Vietnam projects receive green certification

Photo: CapitaLand Vietnam

Singaporean developer also targets 100% green certifications for enlarged global portfolio with Ascendas-Singbridge by 2030.

by Hong Nhung

CapitaLand Vietnam announced on June 4 it has received green certification from Singapore’s Building & Construction Authority for its two residential projects Seasons Avenue and Vista Verde.

At the same time, the CapitaLand Group also set a target of achieving 100 per cent green certification of the enlarged global portfolio with Ascendas-Singbridge by 2030. It aims to have at least 20 per cent of energy consumption coming from renewable energy for the enlarged group by 2025.

These are among the sustainability targets CapitaLand has committed to achieve as it works towards completing a transaction to acquire the businesses of Ascendas-Singbridge by the end of June. CapitaLand is set to become one of Asia’s largest diversified real estate groups, with over S$123 billion ($90 billion) in assets under management upon the completion of the transaction.

These targets were unveiled by Mr. Lee Chee Koon, President and CEO of the CapitaLand Group, in his message within CapitaLand’s 10th Global Sustainability Report. “At CapitaLand, we recognize that the long-term success of our business is closely intertwined with the health and prosperity of the communities we operate in,” he wrote. “We firmly believe in doing good and doing right, as we do well, and will continue to place sustainability as an integral part of our global business,” he said.

In line with CapitaLand Group’s new target of achieving 100 per cent green certification of its enlarged global portfolio, CapitaLand Vietnam’s has recently been recognized for its greening efforts. Its two residential projects - Seasons Avenue and Vista Verde - won Singapore’s Building and Construction Authority’s (BCA) Green Mark Gold award for overseas projects.

Seasons Avenue in Hanoi and Vista Verde in Ho Chi Minh City are residential projects comprised of four residential blocks each. Both feature lush green landscaping, providing a welcoming and tranquil environment for its residents. Residents can relax, exercise and organize activities while being close to nature. Units in both developments are also designed to maximize daylight and are well-ventilated to promote increased natural airflow and cooling.

Apart from Seasons Avenue and Vista Verde, in 2018, Somerset Ho Chi Minh City received the BCA Green Mark GoldPLUS award. The serviced residence is fitted with water efficient fixtures as well as efficient air-conditioning systems and LED lightings to reduce the building’s carbon footprint.

The serviced residence also encourages its residents to live sustainably. Friendly reminders to switch off lights, save water, and reduce the use of single-use plastic can be found within the block. Somerset Ho Chi Minh City has also set up a green corner to promote recycling and also organizes events such as tree-planting and environmental-themed movie screenings to further inculcate green habits among the residents.

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