CLD’s acquisition of the site is expected to be completed by 4Q2023. The project is expected to be launched in 2024 and scheduled for completion by 2027.
CapitaLand Development (CLD) is acquiring a prime mixed-use site in Thu Duc City in Ho Chi Minh City, with an estimated total gross development value of about $1 billion.
Thu Duc City has been earmarked by the Vietnamese government to be an economic and technology hub. The mixed-use project with an area of about 8 hectares will comprise over 1,100 high-end residential units and shophouses to meet the residential demand from Thu Duc City's growing workforce.
