29 Dec '15, 4am

#CL2015highlights: #CapitaLand expands in #Vietnam #VistaVerde #TheVista @SGPropertyGuru

Comment E-mail to friend Bookmark & Share CapitaLand Vietnam has entered into a joint venture with a subsidiary of Thanh Nien Corporation to develop a prime residential site in Ho Chi Minh City, valued at US$55 million. This is the developer’s sixth residential project in Ho Chi Minh City, and eighth in the country. The 350-unit project is located in the expatriate community of Thao Dien ward in District 2, and is within proximity to a new Metro line, shopping malls and international schools. CapitaLand will hold an 80 percent stake in the joint venture, while the rest will be owned by Thanh Nien. “This CapitaLand-Thanh Nien partnership will increase CapitaLand’s residential portfolio in Vietnam to about 7,850 homes across Ho Chi Minh City and Hanoi,” said Chen Lian Pang, CEO of CapitaLand Vietnam. In July this year, Vietnam relaxed its foreign investment and ownership law...

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

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