CapitaLand signs new Vietnam JV. Capitaland is taking a stake in a JV to develop a 9000sm site in Vietnam, together with No Va Land Investment Group Corporation (NovaLand), a leading local real estate developer. CapitaLand will take a 70% stake in the project, while NovaLand will own the remaining 30% share. The residential development, which will house about 500 apartments, is located in Phuoc Long B Ward in Ho Chi Minh City’s District 9, about 10km from the city’s Central Business District. The site, sitting close to the future Ho Chi Minh-Long Thanh Highway and Hanoi Highway, is within an established populous area with amenities such as a supermarket, vocational school and planned sports and recreational facilities. The JV is pending relevant approvals from the Ho Chi Minh City People’s Committee and the Ministry of Planning and nvestment of Vietnam for the issuance of a foreign investment certificate. The estimated total  development cost for the project is about US$40 million (S$54.5 million). This JV marks CapitaLand’s fifth project in Vietnam and will increase its housing pipeline to over 4,500 units. In the longer run, the group plans to grow its current total asset base of S$400 million in Vietnam to approximately S$2 billion over the next three to five years. Given the smaller size of the project vis-a-vis its asset base, our RNAV and TP, adjusted for this project, remains unchanged at $5.49 and $4.94 respectively.

It s like :

I buy a condo unit on a  FREE HOLD Land, but, am i paying for a condo unit at  price of  FREE HOLD price or   99 yrs / 103 price?

For those who are interested to know , perhaps, could visit

Property Buyer.com.sg

This means that :

Developers HOLDING freehold land title deed, and those who purchased the  condo units,  holding a 99 years or  103 years!!!!

Fair or not??   How could this happen?

FH land becomes Leasehold 99 years land