Dinh Dung
Olivier Lim, group deputy CEO of Singapore-based CapitaLand, said Vietnam’s property market has encountered plenty of difficulties in the past time, and CapitaLand has also been affected somehow. However, CapitaLand will be patient to overcome the difficult period and will expand investments in Vietnam.
Speaking at a press meeting on Wednesday, Lim said that CapitaLand has decided to reduce housing investments in Thailand and India due to unfavorable conditions there.
Nevertheless, the group will keep on following the long-term investment strategies in Vietnam and Malaysia. A strong financial resource enables the company to expand investment in the Vietnamese market.
According to Lim, the total asset value of CapitaLand in Vietnam has amounted to some US$1.1 billion, with around US$600 million invested in serviced apartments via its subsidiary Ascott and the rest in housing projects.
CapitaLand has moved its office from Kumho building on Le Duan Street in District 1 to its building The Vista in District 2.
Consisting of five towers, The Vista supplies the market with around 750 commercial apartments, 100 serviced apartments and some 4,200 square meters of office space.
According to Lim, business conditions are improving as the number of customers caring about projects has increased considerably in the past six months, and the property market is expected to improve more in the coming time.
Đăng ký: VietNam News
