CapitaLand has bought a 60,732 square metre prime residential site in Ho Chi Minh City, Vietnam, for 1.38 trillion Vietnamese dong (S$81.4 million) in cash, the property developer said on Thursday (Aug 30) during the midday trading break. Under the deal, CapitaLand's wholly owned subsidiaries CVH Sparrow, CLV Investment 2 and CLV Investment have acquired 100 per cent of the charter capital of BCLand...
Hundreds of property investors and wannabes fill a stuffy conference room in Cau Giay, a working-class suburb in Hanoi. “I love property!” they stand up and yell at one another with high fives. It is an exercise prompted by the coach, Welsh multi-millionaire property investor Kevin Green, to break the monotony of sitting down all day. “Yes, yes, yes,” they shout at this three-day real...
Singapore-based real estate firm Mapletree has expanded into Vietnam’s retail property sector, with the official opening of its first shopping mall in Ho Chi Minh City on Sunday (Sep 20). SC VivoCity, jointly developed by Mapletree and Saigon Co Op Investment Development Joint Stock Company (SCID), has a gross floor area of 62,000 square metres. Retailers have taken up 84 per cent of the net lettable...
Property developer Keppel Land said Takashimaya will be an anchor tenant in its upcoming mixed-use project in Ho Chi Minh City, Vietnam. In a joint news release, Keppel Land said the retailer will take up 15,000 sq m of retail space across five floors of its Saigon Centre Phase 2, which broke ground in November last year. It signed the conditional agreement with Takashimaya Singapore. Keppel Land said it...
CapitaValue Homes, a wholly-owned subsidiary of CapitaLand Group, has signed a joint venture agreement with Vietnamese property developers Khang Dien Sai Gon Real Estate to build 975 value homes on a 29,000 square metre site in Ho Chi Minh City, Vietnam. The total project cost is estimated to be US$70 million or S$88 million and will developed by a joint venture company set up by both CapitaValue Homes...
Property developer CapitaLand on Wednesday said it has entered into a joint venture with Mitsubishi Estate Asia and GIC Real Estate to invest in residential projects in Vietnam. CapitaLand will invest US$100 million for a 50 per cent stake. Each of the other two partners are investing US$50 million for a 25 per cent stake. The joint venture will use the committed capital for acquisitions and development...
Two Singapore property companies CapitaLand and Keppel Land are investing some US$218 million in the real estate market in Vietnam. CapitaLand signed a joint venture agreement with Vietnamese partner No Va Land Investment Group to develop a 9,000 square metre residential site, worth US$40 million in Ho Chi Minh City. Keppel Land signed two joint venture agreements. The first is to jointly develop a 9.8...
Southeast Asia's largest property developer CapitaLand said it has seen strong response for its first residential property in Vietnam. At a topping out ceremony in Ho Chi Minh City on Tuesday, CapitaLand said it has sold three quarters of the units available in the development, called The Vista. The property is about 10 minutes drive from the central business district. The Vista is expected to be ready...
Southeast Asia's largest property developer, CapitaLand, is doubling its real estate investments in Vietnam to up to US$2.5 billion over the next three to five years. It is aiming to build affordable homes and shopping malls in major Vietnamese cities like Hanoi and Ho Chi Minh City, said CapitaLand's CEO Liew Mun Leong on the sidelines of an event in Hanoi. CapitaLand now spends about US$1.2 billion in...
Service apartment operator Ascott Group plans to invest US$100 million over the next three years in Vietnam. The investment will double the number of its existing service apartments in that country to about 1,800. Currently, the company has about five existing service apartment properties under the Somerset brand in Hanoi and Ho Chi Minh city, offering about 900 units. Another three properties, with...
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