Vietnam Real Estate News

CapitaLand To Invest In Vietnam   2009-08-21 - Reuters

 Southeast Asia’s largest property developer CapitaLand said Tuesday it was deploying 1 billion Singaporean dollars (US$688.5 million) to its businesses in China, Vietnam and the Ascott Group.

The investment is part of 1.8 billion Singaporean dollars ($1.24 billion) CapitaLand raised from a recent rights issue.

It said S$500 million will go to its China arm, S$299 million to Vietnam and the remainder to Ascott, a wholly-owned unit that operates serviced apartments. The rest of the S$1.8 billion will be kept for further investment opportunities, the firm said.

“With the worst of the crisis behind us, and with a solid balance sheet, we are at the start line and ready to embark on the next phase of our growth,” CEO Liew Mun Leong said.

CapitaLand, which is 40 percent owned by Singapore state investor Temasek, last month posted its first quarterly loss since 2003 due to writedowns on investments and said the outlook for 2009 was uncertain.

Other news

Cautiously, Overseas Vietnamese Eye Real Estate Investments   2009-08-19

Cautiously, overseas Vietnamese eye real estate investments   2009-08-18

Phu My Bridge, East-West Avenue Set To Open By September   2009-08-18

VND20,000 Billion In Bonds To Be Issued For Thu Thiem Project   2009-08-18

Office market tipped to cool even further   2009-08-09

Thai real estate giant invests in seaport city   2009-08-09

Highly-leveraged, giant Hanoi real estate projects stall for lack of funds   2009-08-06

Capital needs force companies sell real estate investments   2009-08-05

Bidding result of high-rise building project in HCMC cancelled   2009-08-05

Housing tax law will not affect real estate prices   2009-08-04

Houses worth over 600 million dong to be taxed   2009-07-31

Renewal plan spurs apartment prices   2009-07-31

High-grade apartment oversupply forecast   2009-07-29

Ha Noi real estate prices plummet in Q2   2009-07-26

Vietnam New Homes and Real Estate Development Projects

Binh Phu Condos and Townhomes	Phu Thanh Condominium Project	Hoang Anh Condos and Housing
An Lac Building	Hung Vuong Building	The Mansion Building