Keppel Corp unit acquires two residential sites in Vietnam

Singapore

KEPPEL Corp's subsidiary, Keppel Land, has entered into two conditional sales and purchase agreements to acquire two prime sites in Ho Chi Minh City, which will yield about 1,550 homes in total.

The two sites will have a total development cost of US$297 million.

At the first site, which is located in Saigon South and has easy access to the central business district, Keppel Land plans to develop about 220 landed homes and a 1,029-unit high-rise condominium spanning a gross floor area (GFA) of about 36,110 sq m and 141,540 sq m respectively. The total development cost of the first project, including land cost for the 13 ha …