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CapitaLand strengthens foothold in Vietnam with new $247 million residential project

Stanislaus Jude Chan
Stanislaus Jude Chan11/16/2017 08:15 AM GMT+08  • 1 min read
CapitaLand strengthens foothold in Vietnam with new $247 million residential project
SINGAPORE (Nov 16): CapitaLand is bolstering its expanding portfolio in Vietnam with the acquisition of its ninth residential development in Ho Chi Minh City.
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SINGAPORE (Nov 16): CapitaLand is bolstering its expanding portfolio in Vietnam with the acquisition of its ninth residential development in Ho Chi Minh City.

The 1.45-hectare site will be developed into a new 24-storey, 870-unit residential development with a retail component at a total value of US$177 million ($247 million).

CapitaLand says the latest acquisition comes on the back of a year of record home sales growth for the group in Vietnam.

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