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Keppel Land in JV to acquire three residential sites in Hanoi for $159.7 million

The Edge Singapore
The Edge Singapore1/23/2022 10:29 PM GMT+08  • 2 min read
Keppel Land in JV to acquire three residential sites in Hanoi for $159.7 million
The total development cost, including land, is estimated at over $680 million
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Keppel Land Vietnam and Keppel Vietnam Fund, have acquired three residential plots in Hanoi for $159.7 million as part of a joint venture with regular local partner Phu Long Real Estates.

This also marks the first acquisition of KVF since the fund achieved its first close of US$400 million.

The three sites acquired cover a total area of 14.2 hectares. A total of 1020 condo units and 240 landed homes are planned.

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