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| CapitaLand made its first investment in Vietnam's residential market in February 2006. To-date, it is committed to develop three projects with a pipeline of over 3,000 homes in Ho Chi Minh City and Hanoi. The projects are as follows: |
| Mulberry Lane, Ha Dong, Hanoi (Upcoming) |
| CapitaLand Vietnam extends its footprint to Hanoi, the capital of Vietnam by developing one residential project in Ha Dong, Ha Noi. In July 2008, CapitaLand signed an agreement with Hoang Thanh Infrastructure Development and Investment Joint Stock Co. to form a joint venture company to develop a 2.4 hectare residential site in Hanoi. This is CapitaLand’s first residential joint venture project in Hanoi. Located in Mo Lao new urban area, Hanoi, the project will comprise approximately 1,500 residential apartments. CapitaLand currently holds a 70% stake in the JV and the local partner takes 30% of the joint venture. It will be lauch-ready by end 2009. |
| The Vista, District 2, Ho Chi Minh City (Launched in June 2007) |
| The Vista is CapitaLand's first residential condominium in Vietnam. The high-rise development in An Phu Ward comprises 850 residential and serviced apartments, offices and a retail podium. CapitaLand owns an 80% stake in the project. Its Vietnamese partners are Phu Gia Investment Joint Stock Company (10%) and Thien Duc Trading-Construction Company Ltd.(10%). |
| High-rise Development in District 2, Ho Chi Minh City |
| In March 2008, CapitaLand signed a conditional agreement with Thien Duc Trading-Construction Company Ltd to jointly develop approximately 950 residential units on a 6.7-hectare site. CapitaLand will take a 60% stake in the proposed joint venture while Thien Duc will hold the balance 40% stake |
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