CapitaLand buys US$38.9m site for its 11th residential project in Vietnam

Singapore

CAPITALAND has bought a 14,474 sq m site in Ho Chi Minh City, Vietnam, for US$38.9 million to develop into residences that it estimates will be worth US$177 million.

The 1.45 ha site in District 4 will be developed into an 870-unit residential development with a retail component, with views of the Saigon river and the city skyline, CapitaLand said.