The partnership between Charge+ and CapitaLand Development is aimed to contribute to Vietnam’s goal to achieve net zero emissions by 2050.
From 2020 onwards, foreign developers including Sumitomo, CapitaLand and Mitsubishi Corporation will enter, expected to contribute to a new modern city in the future.
CapitaLand’s wholly owned lodging business unit, The Ascott Limited (Ascott), is accelerating its growth globally with the signing of 26 properties mostly in Asia Pacific. Cam Ranh and Hoi An are the two new cities that the firm is now venturing into.
Savills Vietnam has been named the lead leasing and marketing agent for Capital Place – a property developed by CapitaLand and Mitsubishi Estate.
Maintaining its stable growth in Vietnam, CapitaLand is buying a prime site in Ho Chi Minh City for VND1,380 billion, equivalent to around $59.5 million with the purpose of building its 13th residential development in Vietnam.
One household still does not accept compensation from CapitaLand for damage caused by the construction of D'Edge Thao Dien.
Singapore-based real estate corporation CapitaLand has also successfully set up its second commercial fund in Vietnam, CapitaLand Vietnam Commercial Value-Added Fund (CVCVF), which has closed at US$130 million to develop Grade A commercial properties in Vietnam.
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In 2017, Singapore-based real estate corporation CapitaLand sold 1,409 apartments in Vietnam and achieved the sales record of over VND7,900 billion (roughly US$348.25 million), up 63 per cent from the previous year.
CapitaLand Limited has successfully launched its first commercial fund in Vietnam, namely CapitaLand Vietnam Commercial Fund I (CVCFI), which opens a series of investment opportunities and has closed at US$300 million.
