Vietnam Viewed as Real Estate Opportunity

Southeast Asia’s biggest property developer (CapitaLand ) is seeking opportunities in Vietnam despite fears of property bubbles in Asian cities.  The Singapore firm posted net profit of $84 million, up 169% from a year ago, as it sold more homes in Singapore, China and Vietnam.

CapitaLand, also Asia’s second-largest property fund manager after Morgan Stanley, reported a huge cash balance last week and debt-to-equity ratio of 0.27 at the end of March 2010.  About 62% percent of its revenues came from outside Singapore.

More on CapitaLand eying Vietnam opportunities

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