Malaysia’s largest housing group pours investment into Vietnam

WCT (S) Pte Ltd, under WCT Berhad, one of Malaysia’s largest construction and property development groups, on December 27 was licensed to carry out a housing and commercial complex project in HCM City.

Accordingly, WCT (S) Pte Ltd and Southern Land Corp JSC will establish a joint venture called WCT-DPN Co Ltd with initial charter capital of US$25.15 million.

The company will develop a middle-and high-class apartment and real estate project for leasing or selling.

The project is built on an area of 46,577sq.m in the southern new urban area of HCM City. – VOV

Tags: Vietnam Property market, Vietnam property sector, vietnam real estate market

Posted by VBN on Dec 29 2011. Filed under Real Estate. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry