Sunday, August 12, 2007

Singapore's CapitaLand to invest 47.7 mln sgd in Vietnam

SINGAPORE (Thomson Financial) - Southeast Asia's biggest property developer CapitaLand said Friday it has, through unit CapitaLand (Vietnam) Holdings, entered into a conditional joint venture agreement with an affiliate of Vietnam's Azure City Co, to develop a residential site in Ho Chi Minh City .

CapitaLand said it will inject 47.7 million Singapore dollars for a 75 percent stake in the joint venture company.

Vietnam Real Estate News

Chao Vietnam Properties