Mulberry Lane project is a strategic investment in the long-term growth plan of CapitaLand in Vietnam, its fourth pillar of growth after Singapore, Australia and China. In the Mo Lao Urban Area, Ha Dong District, Hanoi, the Mulberry Lane project is situated on 2.4 hectares and includes about 1.500 apartments. The Mulberry Lane project has received positive responses from the market through recent soft launches.
 
VietinBank’s financial support for Mulberry Lane project reflects its firm belief in the quality of the project and in the reputation of its developer.  CapitaLand-Hoang Thanh is committed to ensure successful and on time completion of the Mulberry Lane project and to deliver quality homes to the people of Hanoi.

About Hoang Thanh Investment & Infrastructure Development Joint Stock Company

Hoang Thanh Investment & Infrastructure Development Joint Stock Company (Hoang Thanh) is a leading company in investment, construction, real estate, infrastructures, and real estate consultancy services. Its major shareholders are reputable companies operating in funds, finance and real estate industries. Besides Mulberry Lane, Hoang Thanh also develops other projects in Hanoi such as commercial center and office for lease, Le Trong Tan New Urban Area in Ha Dong, and Hoang Thanh City High-end Apartments in Mo Lao Urban Area, Ha Dong District, etc.

About CapitaLand Group in Vietnam (www.capitaland.com.vn)

CapitaLand is currently developing four residential projects with a pipeline of over 4,000 quality homes in Ho Chi Minh City and Hanoi.

On 12 January 2010, it signed a Joint Venture Agreement with Hoang Thanh Investment and Infrastructure Development Joint Stock Company to jointly develop an approximately 14,000-square metre residential site in Ha Dong District, within Hanoi’s new urban area. The Group also recently soft launched its maiden project in Hanoi, named Mulberry Lane. Strategically located in Ha Dong District, Mulberry Lane comprises five residential towers with an estimated 1,500 units overlooking the city and lake. CapitaLand’s first residential project in Vietnam is The Vista located in An Phu Ward in Ho Chi Minh City’s District 2. It is also developing a 3.4-hectare residential site at Thanh My Loi in Ho Chi Minh City’s District 2.
CapitaLand’s serviced residence business unit, The Ascott Limited, is one of the pioneers to make inroads into Vietnam and has established a strong foothold there since 1994. Its portfolio in Vietnam comprises a total of 1,182 serviced residence units across seven Somerset-branded properties in three major cities - Hai Phong, Hanoi and Ho Chi Minh City.

About CapitaLand (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 subsidiaries and associates of CapitaLand include Australand, CapitaMalls Asia, CapitaMall Trust, CapitaCommercial Trust, Ascott Residence Trust and CapitaRetail China Trust.


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Ms. Nga Doan
PR & Marcom Manager
Mobile: 0913 901 604
Email: doan.nga@capitaland.com