Thanhnien News
4 Mar 2008
CapitaLand Ltd., Southeast Asia’s biggest developer, is turning to Vietnam as growth slows in its home market of Singapore, after apartments at the company’s first project in Ho Chi Minh City sold out in a day last June.
Demand for homes in the country of 85 million people is “great” and supply isn’t keeping up, Chief Executive Officer Liew Mun Leong said.
CapitaLand, with residential projects in 10 countries including China and Australia, is developing four sites in Vietnam, where it expects to build as many as 2,800 homes.
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