Thursday, February 28, 2008

CapitaLand, Citi set up Vietnam property fund

With Vietnam's economy growing at more than 8 percent a year, real estate is booming in the underdeveloped Southeast Asian country. Industry experts forecast property growth of between 20 and 30 percent this year.

CapitaLand has developed The Vista, a high-end apartment complex in Ho Chi Minh City that sold out last summer before it was built, at prices ranging from $1,350 per sq metre to $2,700 per sq metre.

Vietnam Real Estate News

Chao Vietnam Properties