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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

THIRD ACQUISITION IN VIETNAM: The site can potentially be developed to offer 302 units across two towers - a 17-storey residential tower and a 22-storey serviced residence tower. The project is expected to be launched in Q4 of this year


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