Malaysia Property News is a free resource website sharing Daily Property News & information about Property in Malaysia, which related to, Property Market, Property Investment, Commercial Property , Hot Properties Malaysia, Real Estate, Retail Shop, Business Park, Condominium Malaysia, Terraces & Apartment Malaysia, Houses, Residence, Resort and many more.

Tuesday, October 27, 2009

SP Setia in Viet deal

SP SETIA Bhd, through its subsidiary, Setia Lai Thieu Ltd, has signed an agreement with Investment and Industrial Development Corp for the assignment of 27 acres of land worth US$16.26 million (RM54.96 million) in Lai Thieu Town, Vietnam.

The land will be developed into a US$250 million (RM845 million) mixed-use project, which is expected to take six years to complete.

The development will include shop houses, commercial centres, a club house and apartments.

Lai Thieu Town is located 16km north of Ho Chi Minh City and an hour’s drive from Tan Son Nhat International Airport.

This will be SP Setia’s third project in Vietnam.

By Business Times

No comments: