| CapitaLand staff planted 50 trees at Nam Cat Tien National Park to build a greener future |
| 28 October 2011 |
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Ho Chi Minh City, 31 October 2011 – On 28 October 2011, 50 CapitaLand staff spent their Friday at Nam Cat Tien National Park in Dong Nai Province and planted 50 trees at the national park as part of CapitaLand’s commitment to conserve and protect the environment in the overseas communities which it operates.
Mr Yip Hoong Mun, Deputy CEO of CapitaLand Vietnam, said: “CapitaLand has always been mindful of conserving the natural environment. We constantly remind our stakeholders including staff, business partners and serviced residence guests the importance of 3 Rs which stands for reduce, reuse and recycle to protect the environment. We remain committed to be a good corporate citizen and build a greener future for the Vietnamese and the many generations to come.”
In Vietnam, CapitaLand (Vietnam) and Ascott, CapitaLand’s wholly-owned serviced residence business unit, were both awarded Saigon Times Top 40 Awards – Green Value for two consecutive years in 2009 and 2010. The awards honor outstanding foreign-invested enterprises that have made practical contributions to Vietnam’s economic development as well as contributed ideas and implemented specific actions to build a sustainable environment and a greener future for the Vietnamese community.
CapitaLand has implemented the holistic Environment Management System (EMS) to ensure that environmental practices are practiced consistently across the Group for the development and management of properties. A key pillar of this system is the CapitaLand Green Building Guidelines, which advocates green best practices and applies to all of the Group’s major building development and management projects. The Group regularly carries out environmental impact assessments for all new projects to ensure that environmental risks are assessed, managed and controlled.
CapitaLand’s first residential project in Vietnam, The Vista located in An Phu Ward, District 2 in Ho Chi Minh City, and Mulberry Lane, its latest residential project located in Ha Dong District in Hanoi, have incorporated good building and design practices similar to its other international projects. The two developments feature sustainable designs like well-considered units and blocks layouts that provide good natural ventilation with ample window openings to reduce the need for artificial lighting during the day. Along with lush landscaping that provide amenities and shade, sky gardens and roof gardens also create vertical greening and a visual respite. The Vista was successfully completed on schedule in September 2011 and the apartments are progressively being handed over to homebuyers.
About Cat Tien National Park
Cát Tiên National Park is an important national park located in the south of Vietnam, approximately 150 km north of Ho Chi Minh City. It has an area of about 720 km² and protects one of the largest areas of lowland tropical rainforests left in Vietnam. The park covers 71,920 hectares of lowland forest and swamps in southern Vietnam and is home to numerous birds and mammals. It is approximately 160 km north east of Ho Chi Minh City, from which it is accessible in 3-4 hours. One of Vietnam's most important and largest National Parks, it is mostly situated at the northern edge of South-eastern region, but includes southern edge of the Western Highlands. The Javan rhinoceros was found in the Cat Loc area until recently, but there are many other mammals to see, including: a number of primate species such as the endemic golden-cheeked gibbon, bears, elephant and gaur.
About CapitaLand in Vietnam
Vietnam is one of CapitaLand’s key markets in Asia. The real estate market in Vietnam is supported by the country’s strong economic growth coupled with rapid urbanisation and its young and growing population. CapitaLand is committed to being a long-term real estate developer 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. In the residential sector, the Group has a portfolio of over 6,400 units in Ho Chi Minh City and Hanoi, comprising four prime residential developments and three value homes developments under its new strategic business unit, CapitaValue Homes, which focuses on building good value homes in Asia.
Its wholly-owned serviced residence business unit, The Ascott Limited, has over 1,300 apartment units in nine properties across the four major cities, making it the largest international serviced residence owner-operator in Vietnam.
About CapitaLand Limited (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.
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