OCBC Investment Research is keeping CapitaLand at “purchase” with an unaltered reasonable worth assessment of $3.68 after the property designer obtained a US$51.9 million ($70.4 million) site in Ho Chi Minh City.
Completely possessed auxiliary CapitaLand (Vietnam) Holdings will hold a 100% stake in the 0.5ha site, which is CapitaLand’s third procurement in Vietnam inside 14 months.
Slated to be dispatched in 4Q2016 and finished in 2018, the undertaking will have an expected gross advancement estimation of $143 million.
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