(Nov 11): A developer of luxury homes in Vietnam is riding the country’s property boom and will seek a market value of about US$1 billion ($1.36 billion) after an IPO.

“We’re trying to go for an IPO in the next couple of years, and we wish to have a lot of Japanese strategic partners [on] financial and project development,” SonKim Land Corp CEO Andy Han Suk Jung says in Tokyo. “Our projects look very optimistic in the future” given the supply and demand situation, he adds.

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