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CapLand buys prime Ho Chi Minh City site

It pays US$51.9m, plans mixed-use residential cum commercial project on the 0.5-ha plot

Angela Tan

Published Fri, Sep 23, 2016 · 09:50 PM

Singapore

SINGAPORE developer CapitaLand has bought a prime site in Ho Chi Minh City for US$51.9 million, its third acquisition in Vietnam since the government relaxed rules to allow foreign investment and ownership of real estate there.

The 0.5-hectare site, acquired through its wholly owned subsidiary CapitaLand (Vietnam) Holdings, will be redeveloped into a mixed-use residential cum commercial project.

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