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


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s