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Keppel Land to acquire, develop 2 residential sites in Ho Chi Minh City for $407 mil

Property

Keppel Land to acquire, develop 2 residential sites in Ho Chi Minh City for $407 mil

Samantha Chiew Published on Mon, Dec 18, 2017 / 5:31 PM GMT+8

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SINGAPORE (Dec 18): Keppel Land, the property arm of Keppel Corporation, is acquiring 100% interest in two prime residential sites in Ho Chi Minh City, Vietnam.

The total consideration for developing the two sites amount to US$297 million ($407 million).

The first site is located in Saigon South of Ho Chi Minh City. The group plans to develop about 220 landed homes and a 1,029-unit high-rise condominium spanning a gross floor area (GFA) of about 36,110 sqm and 141,540 sqm respectively.