Keppel Land has obtained the license to build a US$106 million apartment complex in Ho Chi Minh

Under the investment certificate awarded Tuesday, Keppel Land Estate Pte Ltd and the Ho Chi Minh City-based Tien Phuoc Co will set up a joint venture to develop the Estella apartments in district 2’s An Phu Ward, one of the city’s most luxurious residential areas. The property is near the International School, the British International School, several foreign-developed serviced apartments and the Metro Hypermart, one of the city’s largest supermarkets.