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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.”

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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

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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