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Keppel Land, Vietnamese firm to build homes in Ho Chi Minh City

Published Thu, Jul 11, 2019 · 09:50 PM

Singapore

KEPPEL Land, through its wholly-owned subsidiary Monestine, is partnering Vietnamese developer Phu Long Real Estate Corporation to develop residences in Ho Chi Minh City, expected to cost over 7,400 billion dong (S$439 million).

According to an exchange filing on Thursday, Monestine entered a conditional share purchase agreement with Phu Long to acquire a 60 per cent interest in three land parcels for 1,304 billion dong.

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