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RESIDENTIAL PROPERTY | Staff Reporter, Vietnam

Keppel Land’s Riviera Point 70% sold prior to public launch

This condominium development in Vietnam is currently the tallest in District 7, Ho Chi Minh City.

The project is jointly developed by Keppel Land Limited's wholly-owned subsidiary Elaenia Pte Ltd and local property developer Tan Truong Co, Ltd.

Apartments at Riviera Point are priced from VND 30,723,00 psm (US$1,460 psm). Buyers are mainly locals with the rest comprising expatriates and overseas Vietnamese (Viet Kieus) who are eligible to purchase.

Mr Linson Lim, President (Vietnam, Thailand and the Philippines) of Keppel Land International Limited said, "We are encouraged by the continued strong interest in Keppel Land's homes in Vietnam such as The Estella and Riviera Cove, and now Riviera Point. With its prime location, quality and integrated concept, we are confident the development will continue to draw more home buyers.”

The initial collection of homes at Riviera Point comprises 549 units and is progressing on track with completion expected in 2014. The entire waterfront development, to be developed in phases, consists of a total of 2,400 units spread across 18 residential towers.

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