Singapore real estate developer, CapitalLand, intends to drop US$738.6 million on developing nine towers comprising 4,000 units, in Hanoi’s west, The Investor is reporting.
Why it matters: Vietnam’s real estate sector is on struggle street mostly because of a number of fraud cases that emerged in corporate bonds issued by real estate firms earlier this year. This has made it difficult for domestic real estate firms to access capital from bonds and banks, and the reputation of local firms broadly has taken a hit. But these problems are limited to local firms and international firms seem unperturbed, per the aforementioned article, and ready to soldier on.