23 Nov '17, 6am

CapitaLand builds residential project in Vietnam

Strategically located in the heart of Thao Dien, d’Edge is at the epicentre of an ultimate metropolitan lifestyle befitting a global standard. (Photo: CapitaLand) Singapore-listed CapitaLand has invested $53.5 million to acquire a 1.45ha site in Ho Chi Minh City, Vietnam, where it intends to build an 870-unit residential project with a gross development value (GDV) of US$177 million (approx. S$247 million). The property developer announced on Thursday (16 November) that the unnamed development in District 4 marks its ninth housing project in the capital and 11th in the country. “For the first time in Vietnam, we plan to introduce dual-key apartments to cater to the young and vibrant rental market in District 4 and to attract potential investors,” said Chen Lian Pang, CEO of CapitaLand Vietnam. In particular, the newest development consists of three 24-storey towers — one t...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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