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.
The site can potentially be developed to offer 302 units across two towers - a 17-storey residential...