22 Sep '15, 7am

Singapore's Mapletree finds Vietnamese property market lucrative: report

SC Vivocity, run by Singapore-based Mapletree Investments, officially opened in District 7, Ho Chi Minh City on September 20, 2015. Photo credit: Foody As its real estate market is recovering, Vietnam is now the focus of Singapore-based Mapletree Investments in Southeast Asia, where it aims to raise its assets under management to US$1.5-2 billion by 2019 from the current $687.9 million, The Strait Times reported Monday. Vietnam accounts for the bulk of Mapletree's Southeast Asian business outside Singapore at the moment, with yields on its projects here range from mid single digits to high teens, CEO Wendy Koh was quoted as saying. Mapletree is considering office and residential projects in Vietnam, and is open to both completed assets and development assets on a selective basis, she told the newspaper . Koh did not deny a possibility that Mapletree will resume its plan fo...

Full article: http://www.thanhniennews.com/business/singapores-mapletre...

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