Vietnam Property

CapitaLand dissolves Vietnam subsidiary

CapitaLand said it has dissolved an indirect subsidiary - CapitaLand Sadeco. The company, incorporated in Vietnam had been placed under members' voluntary liquidation. CapitaLand said the dissolution of the subsidiary is not expected to have any material impact on the net tangible assets or earnings per share of the group. Source : Channel NewsAsia – 21 Apr...

Ascott wins contract to manage serviced residence in Danang, Vietnam

CapitaLand's wholly-owned serviced residence business unit, The Ascott said it has been awarded a contract to manage a serviced residence in Danang, Vietnam's fourth largest city. The contract was awarded by the Korea Investment and Development Company, a real-estate consortium that specialises in commercial and residential developments across major cities in Vietnam. The serviced residence will be named...

Keppel Land terminates Vietnamese JV agreements with An Phu Corp

Mainboard-listed property developer Keppel Land on Friday said it has terminated its Vietnamese joint venture agreements with An Phu Corporation. It said the contracts were terminated because conditions were not fulfilled, without elaborating. Under the agreements signed in 2007, Keppel Land was to have developed condominiums in Ho Chi Minh City with An Phu. Keppel Land said the termination of the...

Singapore, Vietnam break ground for 4th industrial park

A ground breaking ceremony for a fourth Vietnam-Singapore Industrial Park (VSIP) development was held in Hai Phong, Vietnam on Wednesday. The Guests of Honour at the ground breaking ceremony were Singapore's Prime Minister Lee Hsien Loong and Vietnamese Prime Minister Nguyen Tan Dung. Both leaders had earlier graced the 10th anniversary celebration of the first VSIP project in Binh Duong province, which...

KepLand in JV to develop waterfront project in Ho Chi Minh City

Keppel Land has signed a joint venture agreement with its Vietnamese partner Tien Phuoc to develop an 11-hectare waterfront residential site for 175 villas fronting the Saigon river in Ho Chi Minh City. The signing was witnessed by Prime Minister Lee Hsien Loong and Vietnamese Prime Minister Nguyen Tan Dung. This is the third project that Keppel Land and Tien Phuoc are working on together. The other two...

CapitaLand signs JV agreement for second residential project in Hanoi

Property developer CapitaLand has signed a joint venture agreement for a second residential project in Hanoi, Vietnam. The agreement with Vietnamese real estate developer Hoang Thanh is to jointly develop a 14,000 square metre residential site in Ha Dong district in Hanoi. Prime Minister Lee Hsien Loong and Vietnamese Prime Minister Nguyen Tan Dung witnessed the signing in Hanoi on Tuesday. CapitaLand...

Keppel Land acquires third township site in Ho Chi Minh City

Property developer Keppel Land said it has acquired a third township site in Vietnam's Ho Chi Minh City. Through its wholly-owned subsidiary, Flemmington Investments, Keppel Land has entered into a joint venture with two Vietnamese developers. Flemmington will work with Tien Phuoc and Tran Thai to develop a waterfront residential township in Ho Chi Minh's popular District 2. Under the joint venture,...

Ascott secures contract for serviced residence in Vietnam

The Ascott Group has secured a contract to manage a serviced residence property in Vietnam's third largest city, Hai Phong. It clinched the contract through Thuy Duong Investment Joint Stock Company, an established real estate company with developments across Vietnam's major cities. To be called Somerset Central TD, this will be Ascott's first serviced residence property in the coastal city of Hai Phong...

CapitaLand deploys S$1b capital to China, Vietnam & Ascott businesses

Property developer CapitaLand has channelled an additional capital of S$1 billion to its wholly owned China, Vietnam and Ascott businesses. The developer said it intends to sharpen its focus for the next phase of growth. The funds came from its recent S$1.8 billion rights issue. Out of the S$1 billion, half will be allocated to CapitaLand China Holdings, while S$299 million will be deployed to its...

Banyan Tree’s US$900m Vietnam resort on track for phase one development

Hospitality group Banyan Tree is on track to develop one of Vietnam's largest integrated resorts. The phase one development of its US$900 million beachfront project Laguna Hue will commence on Saturday with a groundbreaking ceremony. The Singapore-listed company raised US$283 million for the project through a real estate fund established in 2008. When the first phase of the 280-hectare project is...

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