CapitaLand buys prime commercial site in Ho Chi Minh's CBD
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Singapore
CAPITALAND Limited has made its first foray into Vietnam's commercial property market by acquiring a site in the Central Business District (CBD) of Ho Chi Minh City to build a Grade-A office tower.
Through its wholly owned subsidiary CapitaLand (Vietnam) Holdings, it has entered into a conditional agreement to acquire a 0.6-hectare prime commercial site spanning a gross floor area of 106,000 square metres (sq m).
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