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CapitaLand to double investment in Vietnam

Posted by jtsmyth8 on December 4, 2007

Southeast Asia’s biggest property developer CapitaLand Ltd said Tuesday there is potential to double its residential pipeline in Vietnam from 2,800 homes currently to about 6,000 in the next three years. Apart from growing its residential business there, the company is also looking for opportunities in the office, retail, and integrated leisure, entertainment and conventions (ILEC) segments.

‘For offices, CapitaLand is looking to build Capital Tower equivalents as well as Raffles City developments in Vietnam, provided there are available sites of significant size,’ the company said in a statement. (story)

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