A foreign joint venture between Japanese and Singaporean real estate companies announced on Nov.25 its plan to invest in the housing market in Vietnam .

The total investment capital of the venture is expected to reach 215 million US dollars, with 75 percent of the total coming from two Singaporean real estate firms, including CapitaLand company and the real estate investment division of Singapore ’s sovereign wealth fund, GIC. The Japanese company Mitsubishi will contribute 25 percent of the investment capital.

As planned, the venture will construct four residential complexes covering 14,000 sq. metres in Hanoi and 962 units in Ho Chi Minh city .

The joint venture also plans to invest in commercial facilities in the near future./.