CapitaLand signed a joint venture agreement with NovaLand, a leading Vietnamese real estate developer, to develop a residential project in Ho Chi Minh City, Vietnam. The project will consist of approximately 500 apartments on a 9,000 square meter site located in District 9. CapitaLand will own a 70% stake in the project, with NovaLand owning the remaining 30%. The total estimated cost of the project is US$40 million. This is CapitaLand's fifth residential project in Vietnam, growing its asset base in the country to over 4,500 homes with plans to increase that to around $2 billion in the next 3-5 years.
CapitaLand has set up a new business unit called CapitaValue Homes to focus on developing affordable housing in China and Vietnam. CapitaValue Homes will focus on building homes that are affordable for first-time home buyers spending approximately 40% of their income. The first projects include 500 apartments in Ho Chi Minh City, Vietnam and over 2,000 homes in Wuhan, China on a 200,000 square meter site. CapitaLand believes affordable housing has strong growth potential in these developing countries.
Oriol Font started Luxhabitat in 2009 in Dubai to focus exclusively on high-end luxury properties, which was unprecedented in the region. In the beginning, it was difficult to explain their boutique concept to clients unfamiliar with such specialized real estate companies. However, the economic downturn changed the Dubai market from investor-driven to driven by end-users, which benefited Luxhabitat's strategy of focusing on luxury properties for end-users. As Dubai's economy recovered, Luxhabitat received more global clients but found the quality of properties often did not meet their standards, so Luxhabitat upgraded properties and now has 484 luxury properties in their portfolio.
The document describes plans for the large-scale "Tianjin Window of the World Project" development project in China, which will include hotels, exhibition centers, shopping malls, office buildings, and residential towers built over three phases on 3 million square meters of land. The development is expected to cost $4.9 billion to construct but generate $25.6 billion in revenue from property sales. The projected 16 billion yuan profit would be a strong investment with significant economic benefits for the region.
Berlin Angel Investment Services (BAIS) provides funding and support for startups in Berlin. BAIS connects startups with investors and partners who can contribute marketing, sales, management experience, and networks. BAIS has partnered with several startups, including Adogo (a dog walking app), Get2Berlin (a tourism deals platform), and PDM Capital (an IT project management firm). BAIS is also incubating Touro College Berlin, which aims to create a global telemedicine network. Another BAIS startup is PR on the GO, which aims to disrupt the PR industry with a do-it-yourself PR platform and app for startups. BAIS is seeking 50,000-100,000 Euros
Middle east real estate forum post event brochureMichael Clark
The document is an agenda for the Middle East Real Estate Forum 2017 being held on April 25th and 26th in Abu Dhabi and Dubai. The forum will feature presentations and panel discussions on topics related to real estate markets, economic growth, and urban development in the Middle East and UK. Day 1 in Abu Dhabi will focus on building powerhouse cities, opportunities for investment in the UK, and collaboration between Abu Dhabi and London. Day 2 in Dubai will discuss Expo 2020, innovation and investment, aviation infrastructure, and affordable housing. Keynote speakers will represent Expo 2020 and major companies involved in real estate.
The Horizon Group is an executive search firm that has been operating since 1990. It focuses on filling important positions in capital markets, investment banking, and information technology. The firm has four core business units: financial engineering and risk management; corporate and investment banking; fixed income products, credit, rates, and structured finance; and financial systems and technology management. It prides itself on developing long-term relationships with clients and candidates to best understand their needs and fulfill critical human capital searches.
This document discusses motivating quality control staff through addressing non-adequate work assignments, unrealistic expectations, ownership of work, and data-driven metrics. It suggests feeling important through developing test cases and code, having an environment that tracks bug detection trends and workloads, and addressing performance issues over time to maintain peak performance levels. The overall message is that motivation is key to skills and performance for quality control employees.
AnnMarie describes herself in September 2009, noting that she likes playing with her sister at home, enjoys math games and reading at school, and her favorite food is pizza. She also states that she is good at bowling and softball, and that her mom loves her.
CapitaLand has set up a new business unit called CapitaValue Homes to focus on developing affordable housing in China and Vietnam. CapitaValue Homes will focus on building homes that are affordable for first-time home buyers spending approximately 40% of their income. The first projects include 500 apartments in Ho Chi Minh City, Vietnam and over 2,000 homes in Wuhan, China on a 200,000 square meter site. CapitaLand believes affordable housing has strong growth potential in these developing countries.
Oriol Font started Luxhabitat in 2009 in Dubai to focus exclusively on high-end luxury properties, which was unprecedented in the region. In the beginning, it was difficult to explain their boutique concept to clients unfamiliar with such specialized real estate companies. However, the economic downturn changed the Dubai market from investor-driven to driven by end-users, which benefited Luxhabitat's strategy of focusing on luxury properties for end-users. As Dubai's economy recovered, Luxhabitat received more global clients but found the quality of properties often did not meet their standards, so Luxhabitat upgraded properties and now has 484 luxury properties in their portfolio.
The document describes plans for the large-scale "Tianjin Window of the World Project" development project in China, which will include hotels, exhibition centers, shopping malls, office buildings, and residential towers built over three phases on 3 million square meters of land. The development is expected to cost $4.9 billion to construct but generate $25.6 billion in revenue from property sales. The projected 16 billion yuan profit would be a strong investment with significant economic benefits for the region.
Berlin Angel Investment Services (BAIS) provides funding and support for startups in Berlin. BAIS connects startups with investors and partners who can contribute marketing, sales, management experience, and networks. BAIS has partnered with several startups, including Adogo (a dog walking app), Get2Berlin (a tourism deals platform), and PDM Capital (an IT project management firm). BAIS is also incubating Touro College Berlin, which aims to create a global telemedicine network. Another BAIS startup is PR on the GO, which aims to disrupt the PR industry with a do-it-yourself PR platform and app for startups. BAIS is seeking 50,000-100,000 Euros
Middle east real estate forum post event brochureMichael Clark
The document is an agenda for the Middle East Real Estate Forum 2017 being held on April 25th and 26th in Abu Dhabi and Dubai. The forum will feature presentations and panel discussions on topics related to real estate markets, economic growth, and urban development in the Middle East and UK. Day 1 in Abu Dhabi will focus on building powerhouse cities, opportunities for investment in the UK, and collaboration between Abu Dhabi and London. Day 2 in Dubai will discuss Expo 2020, innovation and investment, aviation infrastructure, and affordable housing. Keynote speakers will represent Expo 2020 and major companies involved in real estate.
The Horizon Group is an executive search firm that has been operating since 1990. It focuses on filling important positions in capital markets, investment banking, and information technology. The firm has four core business units: financial engineering and risk management; corporate and investment banking; fixed income products, credit, rates, and structured finance; and financial systems and technology management. It prides itself on developing long-term relationships with clients and candidates to best understand their needs and fulfill critical human capital searches.
This document discusses motivating quality control staff through addressing non-adequate work assignments, unrealistic expectations, ownership of work, and data-driven metrics. It suggests feeling important through developing test cases and code, having an environment that tracks bug detection trends and workloads, and addressing performance issues over time to maintain peak performance levels. The overall message is that motivation is key to skills and performance for quality control employees.
AnnMarie describes herself in September 2009, noting that she likes playing with her sister at home, enjoys math games and reading at school, and her favorite food is pizza. She also states that she is good at bowling and softball, and that her mom loves her.
This document discusses the Far Manager file manager software. It provides examples of how Far Manager allows quick file system navigation, text editing capabilities, an integrated command line, process management, archiving functionality, and network browsing. Shortcuts for many of Far Manager's features are presented. The document concludes that while Far Manager is a useful tool, the user decides which features meet their needs.
1) PARCSpring is a residential project in Vietnam developed by CapitaValue Homes, a subsidiary of CapitaLand Group, in collaboration with a local partner.
2) The project will have 404 units in Phase 1 across 3 blocks ranging from 12-18 stories, with units ranging from 68-90 square meters. Phase 1 is targeted for completion in Q4 2013.
3) The newsletter provides updates on construction progress, workshops held on feng shui and the project receiving an Asia Pacific Property Award in 2012 for high-rise architecture.
This document discusses the importance of quality control and software testing. It provides examples of costly failures that occurred when proper testing was not conducted, such as a Mercury spacecraft going off course and costing $384 million, and an ambulance service problem in London that resulted in loss of lives. The document defines a tester as a skilled professional involved in testing components or systems to ensure quality. It emphasizes that testing is necessary to avoid serious issues and save costs.
The document discusses remote teams and remote management. It defines traditional, remote, and virtual teams. Traditional teams are co-located while remote teams have members in different locations but the same manager. Virtual teams have members reporting to different managers. Remote management is important for business success but faces challenges like complicated communication across time zones and cultures. Effective remote management requires the right tools, processes, and focus on people through clear goals, communication, and addressing issues immediately.
1) The document provides an overview of VinaCapital's real estate portfolio in Vietnam, including projects under construction, under development, and operating assets.
2) Projects under construction include high-end residential developments like The Garland villas in Ho Chi Minh City and the Dai Phuoc Lotus township island development.
3) Projects under development include large-scale mixed-use projects like Century 21 in Ho Chi Minh City and the World Trade Center Danang development.
VIPC Capital Management is an independent investment fund management company in Vietnam. It offers various investment products and services including mutual funds, portfolio management, real estate funds, and advisory services. The real estate fund will invest in residential, commercial and private development projects in Vietnam to generate returns. The portfolio management service provides six pre-defined models with different risk profiles to match investors' goals.
The villa and townhouse market in Hanoi saw no new significant projects enter the market in Q2 2015, with the total stock at around 20,600 units across 109 projects. Demand remains highest for projects with good facilities and landscaping between 200-300 sqm for villas and 100-180 sqm for townhouses. While investment remains attractive, more buyers are purchasing for living purposes due to product diversification and financing options. Future supply through 2020 will continue to be dominated by townhouse formats in mixed-use developments, with around 1,500 new units expected from 5 projects in 2015.
This weekly newsletter provides a summary of news and market updates related to Vietnam's real estate market. It includes sections on the market situation, foreign investment, notable real estate projects and prices, supply for different customer groups, legislation, forecasts, and related industries like construction materials. The newsletter is distributed to approximately 100,000 subscribers including investors, developers, agents, and others with interest in the Vietnam real estate market. It aims to keep readers informed of the latest changes and support their work through a concise weekly summary.
The brand new Dot Property Magazine is out now!
2017's first issue of Dot Property Magazine is now available. To keep inline with the expanding Dot Property brand, Thailand Property Magazine has merged with the new Dot Property Magazine covering real estate topics across Southeast Asia. This issue looks at Emerald Scenery Hua Hin, tips on buying in Malaysia, the "Best of the Best" award winners and an insight into the Vietnamese property market.
In the second quarter of 2015, the Vietnamese condominium market experienced strong recovery in both supply and transaction volume. A total of 2,405 new units entered the market from seven new projects targeting various price segments. Total primary supply increased by 70% compared to the previous quarter. Demand was robust despite price increases, with buyers encouraged by developers' commitments and financial incentives. The economic recovery in Vietnam and amendments to housing laws are expected to further boost property investments and the real estate sector.
Indonesia's real estate industry is experiencing strong growth and is seen as awakening as a giant within the region. The property market is growing at double digits annually and outperforming many other economic sectors. Recent developments like achieving investment grade status and relaxing foreign ownership restrictions will help ensure robust property market expansion for years to come. Multiple factors are driving this growth, including Indonesia's growing economy, government infrastructure spending, and reforms supporting greater housing access that will increase demand. With its strong fundamentals like an expanding economy and middle class, analysts predict the real estate boom will be sustained over the long term.
Malaysia Property Incorporated (MPI) is a government initiative established to promote real estate investment in Malaysia. MPI connects foreign investors with Malaysian real estate industry players to facilitate investment. MPI publishes the Property Quotient, a newsletter covering Malaysian property market news and analysis. Crowdfunding is presented as a new method of real estate investment that offers advantages over traditional approaches. It allows investors of all capital levels to invest in private real estate deals and benefit from direct property ownership with lower initial costs. However, crowdfunding also carries risks for investors.
Keppel Corporation - Briefing to Analysts on Vietnam Property KeppelCorporation
This document provides an overview of Vietnam Property, a real estate developer in Ho Chi Minh City, Vietnam. It summarizes the company's strong foundations as one of Vietnam's pioneer real estate investors with a diverse portfolio established since 1995. The company's growth strategy focuses on expanding its breadth and depth in the residential and commercial sectors across prime districts in Ho Chi Minh City. It highlights several ongoing and completed residential and commercial projects.
VinaCapital is a leading asset management, investment banking, and real estate consulting firm in Vietnam. It has over $1.8 billion in assets under management across four funds: VinaCapital Vietnam Opportunity Fund, VinaLand Limited, Vietnam Infrastructure Limited, and DFJ VinaCapital LP. VinaCapital strives to identify key trends and opportunities in Vietnam as the country continues to develop, with the goal of producing superior returns for investors.
Ideal Property Group is a major Penang-based property developer led by Dato' Alex Ooi. It has developed over 5,000 residential units in the past 10 years and supplies around 70% of new units annually in Penang. Some of its major ongoing projects include Queens Waterfront near Queensbay Mall and involvement in the Penang Transportation Master Plan through a consortium. Ideal focuses on affordable housing but also engages in other segments. It aims to continue growing through upcoming large-scale projects while concentrating in Penang, especially the southwest district.
Rusmin Lawin is a respected young leader in Indonesia who owns a development company. He has played significant roles connecting the real estate industries of Malaysia and Indonesia.
The document discusses the growth of Indonesia's real estate market, driven by factors like achieving investment grade status, relaxing foreign ownership restrictions, high economic growth rates, and infrastructure development plans. It predicts the commercial real estate sector, especially retail and office space, will see rising rents and continued strong performance over the next few years.
The document presents an ambitious real estate project located in Zirakpur, India. It summarizes that Zirakpur offers high returns with world-class amenities and infrastructure like an international airport and upcoming education city. The real estate market in India is projected to almost double by 2020 and increase eight-fold by 2028, presenting a major investment opportunity. The project in Zirakpur covers 58.8 million square feet across residential, commercial, and industrial segments to be developed over 7 phases. Phase 1 status shows approvals obtained and infrastructure like a smart school, ring road, and parks being developed.
The document is a weekly newsletter providing information on the Vietnam real estate market, including market conditions, foreign investment projects, real estate companies and agents, property prices and projects. It discusses the challenges facing the market in 2009 from the global economic crisis but also opportunities for long term growth. The newsletter aims to keep its 100,000 subscribers informed of the latest developments in the Vietnam property sector.
In Q2 2015, there were over 3,000 serviced apartment units across 79 projects in Ho Chi Minh City, with District 1 maintaining the largest market share at 40%. Occupancy rates remained stable at 84% across Grade A and B properties. Demand has increased for serviced apartments as a cost-effective long-term accommodation alternative to hotels. Outlook forecasts continued growth in demand over the next two years, driven by economic growth and foreign investment in Vietnam. The largest new supply in 2016 will be the 222-unit Ascott Waterfront Saigon project.
This document discusses the Far Manager file manager software. It provides examples of how Far Manager allows quick file system navigation, text editing capabilities, an integrated command line, process management, archiving functionality, and network browsing. Shortcuts for many of Far Manager's features are presented. The document concludes that while Far Manager is a useful tool, the user decides which features meet their needs.
1) PARCSpring is a residential project in Vietnam developed by CapitaValue Homes, a subsidiary of CapitaLand Group, in collaboration with a local partner.
2) The project will have 404 units in Phase 1 across 3 blocks ranging from 12-18 stories, with units ranging from 68-90 square meters. Phase 1 is targeted for completion in Q4 2013.
3) The newsletter provides updates on construction progress, workshops held on feng shui and the project receiving an Asia Pacific Property Award in 2012 for high-rise architecture.
This document discusses the importance of quality control and software testing. It provides examples of costly failures that occurred when proper testing was not conducted, such as a Mercury spacecraft going off course and costing $384 million, and an ambulance service problem in London that resulted in loss of lives. The document defines a tester as a skilled professional involved in testing components or systems to ensure quality. It emphasizes that testing is necessary to avoid serious issues and save costs.
The document discusses remote teams and remote management. It defines traditional, remote, and virtual teams. Traditional teams are co-located while remote teams have members in different locations but the same manager. Virtual teams have members reporting to different managers. Remote management is important for business success but faces challenges like complicated communication across time zones and cultures. Effective remote management requires the right tools, processes, and focus on people through clear goals, communication, and addressing issues immediately.
1) The document provides an overview of VinaCapital's real estate portfolio in Vietnam, including projects under construction, under development, and operating assets.
2) Projects under construction include high-end residential developments like The Garland villas in Ho Chi Minh City and the Dai Phuoc Lotus township island development.
3) Projects under development include large-scale mixed-use projects like Century 21 in Ho Chi Minh City and the World Trade Center Danang development.
VIPC Capital Management is an independent investment fund management company in Vietnam. It offers various investment products and services including mutual funds, portfolio management, real estate funds, and advisory services. The real estate fund will invest in residential, commercial and private development projects in Vietnam to generate returns. The portfolio management service provides six pre-defined models with different risk profiles to match investors' goals.
The villa and townhouse market in Hanoi saw no new significant projects enter the market in Q2 2015, with the total stock at around 20,600 units across 109 projects. Demand remains highest for projects with good facilities and landscaping between 200-300 sqm for villas and 100-180 sqm for townhouses. While investment remains attractive, more buyers are purchasing for living purposes due to product diversification and financing options. Future supply through 2020 will continue to be dominated by townhouse formats in mixed-use developments, with around 1,500 new units expected from 5 projects in 2015.
This weekly newsletter provides a summary of news and market updates related to Vietnam's real estate market. It includes sections on the market situation, foreign investment, notable real estate projects and prices, supply for different customer groups, legislation, forecasts, and related industries like construction materials. The newsletter is distributed to approximately 100,000 subscribers including investors, developers, agents, and others with interest in the Vietnam real estate market. It aims to keep readers informed of the latest changes and support their work through a concise weekly summary.
The brand new Dot Property Magazine is out now!
2017's first issue of Dot Property Magazine is now available. To keep inline with the expanding Dot Property brand, Thailand Property Magazine has merged with the new Dot Property Magazine covering real estate topics across Southeast Asia. This issue looks at Emerald Scenery Hua Hin, tips on buying in Malaysia, the "Best of the Best" award winners and an insight into the Vietnamese property market.
In the second quarter of 2015, the Vietnamese condominium market experienced strong recovery in both supply and transaction volume. A total of 2,405 new units entered the market from seven new projects targeting various price segments. Total primary supply increased by 70% compared to the previous quarter. Demand was robust despite price increases, with buyers encouraged by developers' commitments and financial incentives. The economic recovery in Vietnam and amendments to housing laws are expected to further boost property investments and the real estate sector.
Indonesia's real estate industry is experiencing strong growth and is seen as awakening as a giant within the region. The property market is growing at double digits annually and outperforming many other economic sectors. Recent developments like achieving investment grade status and relaxing foreign ownership restrictions will help ensure robust property market expansion for years to come. Multiple factors are driving this growth, including Indonesia's growing economy, government infrastructure spending, and reforms supporting greater housing access that will increase demand. With its strong fundamentals like an expanding economy and middle class, analysts predict the real estate boom will be sustained over the long term.
Malaysia Property Incorporated (MPI) is a government initiative established to promote real estate investment in Malaysia. MPI connects foreign investors with Malaysian real estate industry players to facilitate investment. MPI publishes the Property Quotient, a newsletter covering Malaysian property market news and analysis. Crowdfunding is presented as a new method of real estate investment that offers advantages over traditional approaches. It allows investors of all capital levels to invest in private real estate deals and benefit from direct property ownership with lower initial costs. However, crowdfunding also carries risks for investors.
Keppel Corporation - Briefing to Analysts on Vietnam Property KeppelCorporation
This document provides an overview of Vietnam Property, a real estate developer in Ho Chi Minh City, Vietnam. It summarizes the company's strong foundations as one of Vietnam's pioneer real estate investors with a diverse portfolio established since 1995. The company's growth strategy focuses on expanding its breadth and depth in the residential and commercial sectors across prime districts in Ho Chi Minh City. It highlights several ongoing and completed residential and commercial projects.
VinaCapital is a leading asset management, investment banking, and real estate consulting firm in Vietnam. It has over $1.8 billion in assets under management across four funds: VinaCapital Vietnam Opportunity Fund, VinaLand Limited, Vietnam Infrastructure Limited, and DFJ VinaCapital LP. VinaCapital strives to identify key trends and opportunities in Vietnam as the country continues to develop, with the goal of producing superior returns for investors.
Ideal Property Group is a major Penang-based property developer led by Dato' Alex Ooi. It has developed over 5,000 residential units in the past 10 years and supplies around 70% of new units annually in Penang. Some of its major ongoing projects include Queens Waterfront near Queensbay Mall and involvement in the Penang Transportation Master Plan through a consortium. Ideal focuses on affordable housing but also engages in other segments. It aims to continue growing through upcoming large-scale projects while concentrating in Penang, especially the southwest district.
Rusmin Lawin is a respected young leader in Indonesia who owns a development company. He has played significant roles connecting the real estate industries of Malaysia and Indonesia.
The document discusses the growth of Indonesia's real estate market, driven by factors like achieving investment grade status, relaxing foreign ownership restrictions, high economic growth rates, and infrastructure development plans. It predicts the commercial real estate sector, especially retail and office space, will see rising rents and continued strong performance over the next few years.
The document presents an ambitious real estate project located in Zirakpur, India. It summarizes that Zirakpur offers high returns with world-class amenities and infrastructure like an international airport and upcoming education city. The real estate market in India is projected to almost double by 2020 and increase eight-fold by 2028, presenting a major investment opportunity. The project in Zirakpur covers 58.8 million square feet across residential, commercial, and industrial segments to be developed over 7 phases. Phase 1 status shows approvals obtained and infrastructure like a smart school, ring road, and parks being developed.
The document is a weekly newsletter providing information on the Vietnam real estate market, including market conditions, foreign investment projects, real estate companies and agents, property prices and projects. It discusses the challenges facing the market in 2009 from the global economic crisis but also opportunities for long term growth. The newsletter aims to keep its 100,000 subscribers informed of the latest developments in the Vietnam property sector.
In Q2 2015, there were over 3,000 serviced apartment units across 79 projects in Ho Chi Minh City, with District 1 maintaining the largest market share at 40%. Occupancy rates remained stable at 84% across Grade A and B properties. Demand has increased for serviced apartments as a cost-effective long-term accommodation alternative to hotels. Outlook forecasts continued growth in demand over the next two years, driven by economic growth and foreign investment in Vietnam. The largest new supply in 2016 will be the 222-unit Ascott Waterfront Saigon project.
The weekly newsletter provides information on the Vietnam real estate market, including market situation updates, real estate investment and project news, statistics on foreign direct investment in localities, and listings of real estate companies and their websites. It is distributed to over 100,000 subscribers and includes sections on market prices and forecasts, construction materials, and the stock market. The newsletter aims to keep readers informed of changes in the Vietnam real estate sector through concise weekly reporting and analysis.
Our experience speaks for itself and our achievements show, how we do it. Best Property Developer in Cambodia, We strive to deliver projects by developing sustainable residential and industrial community-based projects that are progressive and high quality, within key growth corridors across Cambodia that are well serviced by transport, infrastructure and amenity. Our Property Development experience is known across Phnom Penh & Sihanoukville in recent years. We are the Property Development Consultancy pioneers of Cambodia.https://furi-corp.com/real-estate-developer-in-cambodia/
The document discusses industrial parks and foreign direct investment in Vietnam. It notes that Singaporean investors are increasingly investing in Vietnam, with Singapore-based Mapletree committing $1 billion for industrial zones, offices, and apartments. Vietnam has over 299 industrial parks with 84,000 hectares of land, though occupancy rates are currently only around 46%. The textile and garment industry is attracting significant foreign investment and driving growth in Vietnam, particularly with anticipated reforms from the Trans-Pacific Partnership agreement. Major industrial zones discussed include Vietnam-Singapore Industrial Parks and various zones in Ho Chi Minh City and Hanoi.
The document discusses China Construction News, a daily newspaper in China focused on housing and urban development issues. It summarizes key investment statistics in the Chinese housing sector from January to August 2012, noting a 15.6% growth in total investment. It also outlines China's policies on foreign investment in the real estate market, the current situation of such investment, and case studies of Chinese companies investing in real estate abroad.
Similar to Capitaland 5th Projects In Vietnam Eng (20)
1. 1
For Immediate Release
28 October 2010
NEWS RELEASE
CapitaLand signs JV Agreement for fifth residential project in Vietnam
Pipeline of homes in Vietnam increases to over 4,500
Vietnam, Hanoi, 28 October 2010 – CapitaLand, through its wholly-owned subsidiary, CapitaLand
(Vietnam) Holdings, has signed a Joint Venture Agreement (“JVA”) with No Va Land Investment
Group Corporation (“NovaLand”), a leading real estate developer in Vietnam, to jointly develop a
residential site in District 9, Ho Chi Minh City, Vietnam. The signing ceremony held in Hanoi today
was witnessed by Singapore Prime Minister Lee Hsien Loong and Vietnam Prime Minister Nguyen
Tan Dung.
The approximately 9,000-square-metre site is located in Phuoc Long B Ward in Ho Chi Minh City’s
District 9, an established populous area with amenities such as a supermarket, vocational school
and planned sports and recreational facilities. CapitaLand and NovaLand plan to develop the site,
located about 10 kilometres from the city’s Central Business District, into a residential development
with approximately 500 apartments.
The residential development has an estimated total project development cost of US$40 million
(approximately S$54.5 million). CapitaLand has a 70% stake in the project while NovaLand will own
a 30% stake from the injection of the site into the joint venture.
Mr Chen Lian Pang, CEO (Southeast Asia) of CapitaLand Commercial Limited and CEO of
CapitaLand (Vietnam) Holdings, said, “We are confident of the outlook in Vietnam, underpinned by
its strong economic growth, stable government and pro-growth regulatory environment. The
country’s real estate market is supported by rapid urbanisation and a huge population of 86 million
people of which more than half of them are under the age of 30. As urbanisation gathers pace and
the middle class grows in tandem with the economy, demand for housing in Ho Chi Minh City and
Hanoi is set to rise.”
Mr Chen added, “We are pleased to partner NovaLand in our fifth residential project in Vietnam.
NovaLand is a reputable developer that possesses deep domain knowledge and an extensive
network in the local real estate realm. CapitaLand will continue to explore opportunities to extend its
presence in other real estate segments in Vietnam through strategic partnerships. We target to grow
our current total asset base of S$400 million in Vietnam to approximately S$2 billion over the next
three to five years.”
2. 2
Mr Bui Thanh Nhon, Chairman of No Va Land Investment Group Corporation, said: “This is our first
collaboration with a foreign developer and we are pleased to partner CapitaLand, one of Asia’s
largest real estate companies. With CapitaLand’s international experience and strong proven track
records in real estate development and project management as well as real estate financial
services, we are able to leverage on each other’s expertise and domain knowledge. We are
confident that our first residential project in collaboration with CapitaLand will be successful and we
hope that this will be the start of a fruitful and win-win partnership for more projects in the future.”
The site is strategically located at Do Xuan Hop Street, Phuoc Long B Ward in District 9, at the
fringe of the city centre in Ho Chi Minh City. The development sits close to the future Ho Chi Minh -
Long Thanh Highway and Hanoi Highway. It is within close proximity to the proposed Saigon Sport
City & Saigon Golf Mixed-use Development projects, as well as Ho Chi Minh Vocational College of
Technology and Saigon Hightech Park.
Site Location
About CapitaLand in Vietnam
Vietnam is a key market in Asia for CapitaLand Group. Vietnam is the Group’s fourth pillar of
growth, in addition to its core markets of China, Singapore and Australia. The real estate market is
supported by the country’s strong economic growth, stable government, coupled with rapid
urbanisation and a young and growing population. CapitaLand is committed to being a long-term
real estate player in Vietnam.
Currently, the Group's presence in Vietnam is in Ho Chi Minh City, Hanoi, Hai Phong and Danang, in
the residential and serviced residence sectors. The Group has five quality residential projects with a
development pipeline of over 4,500 residential apartments in Ho Chi Minh City and Hanoi. Its
wholly-owned serviced residence business unit, The Ascott Limited, has over 1,300 apartment units
3. 3
in eight properties across the four major cities, making it the largest international serviced residence
owner-operator in Vietnam.
About No Va Land Investment Group Corporation
No Va Land Investment Group Corporation (“NovaLand”), formerly known as “Thanh Nhon Trading
Ltd.” established in 1992 and merged in 2004, is the real estate investment and development arm
fully owned by Nova Investment Group. NovaLand is one of the most prominent real estate
development groups of international stature in Vietnam. NovaLand is helmed by a professional team
and focuses on large scale and premium projects in good locations. Fanning out of Ho Chi Minh
City, NovaLand has development interests in urban areas, resorts, residential, offices and
commercial projects.
NovaLand’s flagship project is Sunrise City, a premium 500,000 square-meter mega-mixed
development situated in District 7 of Ho Chi Minh City with an investment capital exceeding US$500
million.
The member companies of NovaLand include The Novaland Company, Thanh Nhon Real Estate
Company, Novaland Thao Dien Company, Novaland Vidiphar Company, Novaland My Dinh
Company, Novaland Long Thanh Company, Novaland Phuc Long Company, Dong Tay Real Estate
Company and Novahomes Company. NovaLand has a robust chartered capital of VND 1,200 billion
and is slated for listing on the stock exchange in 2011.
About CapitaLand Group (www.capitaland.com)
CapitaLand is one of Asia’s largest real estate companies. Headquartered and listed in Singapore,
the multi-local company's core businesses in real estate, hospitality and real estate financial
services are focused in growth cities in Asia Pacific and Europe.
The company's real estate and hospitality portfolio, which includes homes, offices, shopping malls,
serviced residences and mixed developments
spans more than 110 cities in over 20 countries.
CapitaLand also leverages on its significant asset base, real estate domain knowledge, financial
skills and extensive market network to develop real estate financial products and services in
Singapore and the region.
The listed entities of the CapitaLand Group include Australand, CapitaMalls Asia, CapitaMall Trust,
CapitaCommercial Trust, Ascott Residence Trust, CapitaRetail China Trust, CapitaMalls Malaysia
Trust and Quill Capita Trust.
_________________________________________________________________________
Issued by: CapitaLand Limited (Co. Regn.: 198900036N)
Date: 28 October 2010
Analyst Contact Media Contacts
Singapore Singapore
Harold Woo, Investor Relations Alicia Neo, Corporate Communications
DID: (65) 6823 3210 Mobile: (65) 8200 0022
Email: harold.woo@capitaland.com Email: alicia.neo@capitaland.com
Vietnam
Duong Thuy PHUONG KHANH, PR & Communications
Mobile: (84) 917 54 69 78
Email: duong.khanh@capitaland.com