SUBSCRIBERS

CapitaLand buys prime residential site in Ho Chi Minh City

Company has paid 62 per cent of the about S$81.4m purchase price

Published Thu, Aug 30, 2018 · 09:50 PM

Singapore

CAPITALAND has bought a 60,732 square metre prime residential site in Ho Chi Minh City, Vietnam, for 1.38 trillion Vietnamese dong (S$81.4 million) in cash, the property developer said on Thursday during the midday trading break.

Under the deal, CapitaLand's wholly owned subsidiaries, CVH Sparrow, CLV Investment 2 and CLV Investment, have acquired 100 per cent of the charter capital of BCLand Joint Stock Co from parties unrelated to CapitaLand.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes