Fund pours 223 million USD into real estate
The Singaporean-headquartered
CapitaLand has deployed 299 million Singaporean dollars (223 million
USD) to further its growth in the real estate sector in Vietnam.
The Singaporean-headquartered
CapitaLand has deployed 299 million Singaporean dollars (223 million
USD) to further its growth in the real estate sector in Vietnam.
In a press release last week, the company says Vietnam is the group’s potential fourth pillar of growth in addition to its core markets of China , Singapore and Australia .
“ Vietnam is a key Asian market for CapitaLand Group. The country’s strong economic growth and rapid urbanisation have presented many opportunities for international real estate companies like CapitaLand,” says the press release.
Currently, CapitaLand Group’s presence in Vietnam is in HCM City, Hanoi and Hai Phong, in the residential and serviced residences sectors.
Following the successful launch of The Vista in HCM City, CapitaLand has invested in a new residential development project in Hanoi named Mulberry Lane.
In October, CapitaLand started pre-sales activities for one of the five towers at Mulberry Lane . All 330 units released were fully booked in two days. The units were sold at prices between 1,350 USD and 1,700 USD per sq.m.
CapitaLand is one of Asia ’s largest real estate companies. Its subsidiaries and associates include Australand, CapitaMall Trust, CapitaCommercial Trust, Ascott Residence Trust and CapitaRetail China Trust./.
In a press release last week, the company says Vietnam is the group’s potential fourth pillar of growth in addition to its core markets of China , Singapore and Australia .
“ Vietnam is a key Asian market for CapitaLand Group. The country’s strong economic growth and rapid urbanisation have presented many opportunities for international real estate companies like CapitaLand,” says the press release.
Currently, CapitaLand Group’s presence in Vietnam is in HCM City, Hanoi and Hai Phong, in the residential and serviced residences sectors.
Following the successful launch of The Vista in HCM City, CapitaLand has invested in a new residential development project in Hanoi named Mulberry Lane.
In October, CapitaLand started pre-sales activities for one of the five towers at Mulberry Lane . All 330 units released were fully booked in two days. The units were sold at prices between 1,350 USD and 1,700 USD per sq.m.
CapitaLand is one of Asia ’s largest real estate companies. Its subsidiaries and associates include Australand, CapitaMall Trust, CapitaCommercial Trust, Ascott Residence Trust and CapitaRetail China Trust./.
You should also see
Prime Minister hosts Indonesian Foreign Minister
Prime Minister Pham Minh Chinh hosted a reception in Hanoi on April 23 for Indonesian Foreign Minister Retno Marsudi, who is now on an official visit to Vietnam and to co-chair the fifth meeting of the Vietnam-Indonesia Joint Committee on Bilateral Cooperation.
See more
Business
Central bank successfully auctions 3,400 taels of SJC-branded gold bars
The State Bank of Vietnam (SBV) released the outcome of the gold bullion auction on April 23, with two winning bidders securing 34 lots, equivalent to 3,400 taels of SJC-branded gold bars.
Business
Masan completes 250-million-USD investment deal with Bain Capital
Masan Group Corporation on April 23 announced that it has completed the mobilisation of 250 billion USD from Bain Capital, a leading global private investment firm with assets worth 180 billion USD under management.
Business
Capital shortage - headache for construction firms
Domestic construction companies will continue to face difficulties in the second quarter of this year with capital shortage top of their problems, a report has revealed.
Business
An Giang bosters border economy
The Mekong Delta province of An Giang, billed as an economic centre that links Ho Chi Minh city, Can Tho city and Cambodia’s Phnom Penh, has paid due attention to developing border trade and logistics infrastructure so as to tap its border economic potential.
Business
Corporate bond maturity in 2024 remains high: MoF
The volume of corporate bonds maturing in 2024, though lower than that in 2023, is till at a high level, mostly in industries with payment risks such as real estate and renewable energy, according to a report by the Ministry of Finance (MoF).
