CapitaLand says its first residential development in Vietnam, The Vista, has been completed. It is jointly developed by CapitaLand as the lead developer, Thien Duc Trading Construction Co., Ltd and Phu Gia Investment Joint Stock Company. The construction of The Vista started in January 2008 and was completed on schedule this month.
The Vista is located in Ho Chi Minh City’s District 2 within An Phu Ward, a prime residential precinct close to the city centre. The Vista comprises predominantly 750 luxurious apartments across five 28- storey towers overlooking the Saigon River and the city. The development also offers 35,000 square metres of commercial space including a retail podium, office facilities and 100 serviced residence units.
The Vista is one of CapitaLand’s four prime residential developments in Vietnam. The other three are the 962-unit Beau Rivage in Ho Chi Minh City’s District 2 as well as the 1,478-unit Mulberry Lane and a development yielding 960 units located in Ha Dong District within Mo Lao New Urban Area in Hanoi. In Vietnam, CapitaLand is also developing three value homes projects with a pipeline of 2,200 units under its new strategic business unit, CapitaValue Homes.
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