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Mapletree bags prime asset in Saigon CBD for over S$400m

Group still keen on more income-producing completed assets as well as development opportunities in Vietnam

The net asset value of the property is understood to be US$215 million. With GFA of close to 146,000 sq metres, it comprises a Grade A office building, a serviced apartment tower, a hotel and a retail podium.


MAPLETREE Investments has bought Kumho Asiana Plaza Saigon, a completed mixed development in the heart of Ho Chi Minh City's (HCMC) central business district. The price is understood to be the equivalent of more than S$400 million and takes Mapletree's total assets under