CapitaLand plans more investments in Vietnam
Group to build homes, invest in offices, serviced residences, integrated developments
Singapore
PROPERTY developer CapitaLand wants to "significantly increase" its S$2.1 billion presence in Vietnam and may build a Raffles City integrated project there, it said in a press release on Monday evening.
Lim Ming Yan, CapitaLand's president and group chief executive officer, said in the statement that the group plans to buy more sites in Vietnam to build homes, "possibly yielding 2,000 to 2,500 units this year". It also wants to invest in offices, serviced residences and integrated developments there and could potentially build a Raffles City there, he said.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
TikTok tells advertisers: ‘We are not backing down’
EV automakers get reprieve in US tax credit rules
Nomura, Mizuho face losses on All Blue fund’s failed trades
Stablecoin Tether steps up monitoring in bid to combat illicit finance
HSBC asked by US$890 billion investor group to set energy goal
BHP’s biggest rivals sit on the sidelines of Anglo M&A drama