CapitaLand completes first residential project in Vietnam

Southeast Asia’s largest property developer CapitaLand has announced the successful completion of its first residential development in Vietnam, The Vista.
Construction works for the project, which was jointly developed by CapitaLand, Phu Gia Investment Joint Stock Company and Thien Duc Trading Construction Co, commenced in January 2008 and were completed on schedule this month.
“The Vista marks several milestones achieved by CapitaLand in Vietnam. When The Vista was officially launched in October 2007, it received overwhelming response from the Vietnamese.
At that time, The Vista also set new benchmarks in Vietnam in terms of its design, landscaping, quality finishes and a comprehensive range of recreational facilities.
In addition, The Vista’s unique sales gallery was the first-of-its-kind in Vietnam to have mock-up units that provided customers a close simulation of living in an actual apartment in the development,” said Yip Hoong Mun, deputy CEO of Capita-Land (Vietnam).
Located in HCM City’s District 2, The Vista is a prime residential development close to the city centre. It comprises 750 luxury apartments across five 28-storey towers overlooking the Saigon River and the city.
The project also offers 100 serviced residence units and 35,000 sq m of commercial space, including a retail podium.
“By combining the strengths between CapitaLand and the local Vietnamese developers, we are able to deliver a benchmark project like The Vista for the Vietnamese,” said Le Nu Thuy Duong, general director of Thien Duc Trading Construction Co.
“The Vista has incorporated good building and design practices established from other CapitaLand international projects while Vietnamese developers add to the success of the partnership with our extensive knowledge in the local real estate realm and our understanding of Vietnamese custom and taste.”
Meanwhile, buyers of the residential apartments were recently invited to an Open House at The Vista. Around 350 buyers, along with their families and friends, attended the event.”-Source:Vietbiz24.com”

Tags: Capitaland, Phu Gia Investment Joint Stock Company, residential project, the Vista, Thien Duc Trading Construction Co, Vietnam housing market, Vietnam Property market, Vietnam property sector, vietnam real estate market

Posted by quynhdn on Sep 27 2011. Filed under Markets, 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