Thứ 7, Ngày 23/04/2022, 15:00
CapitaLand Development Group (Singapore) invests in a large-scale real estate project in Binh Duong New City
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​PORTAL - On the morning of April 22, at the Administrative Center of Binh Duong province, Mr. Vo Van Minh - Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee received and worked with the delegation of CapitaLand Development Group led by Mr. Jason Leow - CEO of CapitaLand Development Group.

​At the meeting, Mr. Jason Leow briefly informed the provincial leaders about CapitaLand Development Group. Accordingly, CapitaLand Development is a large real estate group in Asia with its head office located in Singapore, in which the real estate development arm of CapitaLand Group owns an investment portfolio of about 380,000 billion VND; business operations in 256 cities in 39 countries and territories, focusing on core markets of Singapore, China, India and Vietnam. CapitaLand Development's investment portfolio in Vietnam includes 02 complex projects with more than 12,000 quality apartments in Hanoi and Ho Chi Minh City. The Group realizes that Binh Duong is a locality rich in potential and investment advantages, therefore, in December 2021, CapitaLand Development Group signed a cooperation agreement with Becamex IDC Corp on a Binh Duong Smart City development project with an investment capital of more than 500 million USD in Binh Duong New City. The project focuses on developing housing blocks with a total area of 18.9 hectares. It is expected that more than 3,700 apartments and long-term houses will be built in the project, including low-rise, mid-rise and high-rise housing, meeting the needs of about 13,000 residents. The construction process will be implemented in phases, the first phase includes about 1,300 apartments and houses, expected to take place from 2022-2024. The whole project is expected to be completed in 2027.

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Chairman of the Provincial People's Committee Vo Van Minh receives Mr. Jason Leow - CEO of CapitaLand Development Group

​Giving information with the Group's leaders, Chairman of the Provincial People's Committee Vo Van Minh said, accumulated to April 15, 2022, the province has 4,042 investment projects from 65 countries and territories with a total registered capital of 39.4 billion USD. Binh Duong is currently ranked 2nd in the country in terms of attracting foreign investment, after Ho Chi Minh City. In which, Singapore ranked 3rd with 275 projects and total investment capital of 5.4 billion USD, operating in the field of investment in infrastructure development of industrial parks, production of electronic components, electrical equipment, production of pharmaceuticals and medical products and equipment, logistics and real estate, etc.

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Chairman of the Provincial People's Committee Vo Van Minh presents a souvenir to Mr. Jason Leow

Recently, Binh Duong held the Groundbreaking Ceremony of Vietnam - Singapore III Industrial Park (VSIP III) with a total area of 1,000 hectares. VSIP III will focus on attracting projects that apply technology and innovation, aiming to develop into a green, smart and sustainable industrial park. Simultaneously, diversifying to attract foreign investment from potential markets and partners, focusing on the world's leading developed countries, transnational corporations holding advanced technology and modern management level.

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Mr. Jason Leow presents a souvenir to the Chairman of the Provincial People's Committee Vo Van Minh

The Chairman emphasized that the provincial leaders always create favorable conditions for enterprises to invest in production and business activities. Currently, the housing demand of investors is very large, looking forward to finding many investors with the vision to develop modern and convenient urban areas. In particular, the province has been supported by the Government to implement a series of large traffic projects connecting with Ho Chi Minh City, so in the coming time, it will be very convenient for trade, transportation and circulation. The Chairman believed that with the determination of the provincial leaders and the active support from Becamex IDC Corp, the project that the Group deploys will be effective.

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Delegates take a souvenir photo

Reported by Doan Trang - Translated by Thanh Tam

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