Share Market Update : CapitaLand acquires $70 mil prime site in Ho Chi Minh for residential development .

Image result for capitaland singaporeSINGAPORE (Sept 23): CapitaLand has made its third obtaining in Vietnam inside 14 months with the buy of a prime site in Ho Chi Minh City, for US$51.9 million ($70.4 million).

Entirely claimed auxiliary CapitaLand (Vietnam) Holdings will hold a 100% stake in the 0.5ha site which is required to offer 302 units crosswise over two towers: A 17-story private tower and a 22-story adjusted living arrangement tower.

The Somerset marked overhauled living arrangement will be overseen by CapitaLand’s adjusted living arrangement arm, The Ascott Limited.

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