CapitaLand buys Vietnam-based real estate firm for $53.5m

It will develop a residential property in the land the firm owns.

CapitaLand acquired a 100% interest in Viet Hung Phu Real Estate Business Investment Joint Stock Company (VHP) for $53.5m.

According to an announcement, VHP owns a land plot measuring approximately 14,474 sqm in District 4, Ho Chi Minh City, Vietnam. CapitaLand intends to carry out a residential development on this land plot.

The firm said the acquisition is part of its strategy to diversify its real estate portfolio and increase its presence in Vietnam.

VHP is now a wholly owned subsidiary of CapitaLand.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia