More News
RESIDENTIAL PROPERTY | Staff Reporter, Singapore

CapitaLand acquires stake in Vietnamese firm for S$7 million

Subsidiary CapitaValue Homes will lead the development of an approximately 9,000-square metre piece of land in Ho Chi Minh City.

CVH Sparkle Pte. Ltd., a wholly-owned subsidiary of CapitaValue Homes Limited, has acquired 65% stake in Quoc Cuong Sai Gon Company Limited (QCSG). The abovementioned piece of land is owned by QCSG, and the company intends to develop it into approximately 800 value homes.

The development, estimated to be approximately S$54.9 million, will be CapitaValue Homes’ fourth value homes project.

Overall in Vietnam, CapitaLand has a residential portfolio of over 6,400 units across seven residential developments in Ho Chi Minh City and Hanoi.

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.