CapitaLand Limited (CapitaLand), one of Asia’s largest diversified real estate groups, has reached a significant milestone of 25 years of operations in Viet Nam.
On 14 November, CapitaLand celebrated this journey of transformation with a gala dinner with about 400 distinguished guests in attendance. The event was graced by Roy Kho, Consul-General of Singapore in HCM City, as well as representatives from CapitaLand, business partners and key stakeholders of the company.
CapitaLand’s journey in Viet Nam began in 1994, with the introduction of Somerset West Lake in Ha Noi. After 25 years of operation, CapitaLand’s portfolio comprises two integrated developments, close to 8,600 quality homes across 15 residential developments, two retail malls, one business park as well as more than 7,000 lodging units in 28 properties across nine cities - HCM City, Hanoi, Hai Phong, Ha Long, Hoi An, Da Nang, Binh Duong, Cam Ranh and Nha Trang.
Guests of honor on stage to celebrate the milestone of 25 years of CapitaLand’s operations in Vietnam
At the event, CapitaLand Vietnam thanked all stakeholders for accompanying the company throughout its journey of transformation, including its business partners, capital partners, business associations, customers, tenants and journalists.
Mr Chen Lian Pang, Chief Executive Officer of CapitaLand Vietnam thanked all stakeholders for accompanying the company throughout its journey of transformation
CapitaLand also believes in contributing to the local communities in which it operates. Since 2005, through its philanthropic arm, CapitaLand Hope Foundation, CapitaLand has donated more than S$39 million to help some 40,000 vulnerable elderly in Singapore and over 164,000 underprivileged children in communities where CapitaLand has presence in. Out of which, more than S$22 million went towards supporting community development efforts in ASEAN countries such as Singapore, Viet Nam, Malaysia, Indonesia, Thailand and the Philippines, through strategic partnerships with local government agencies and non-profit organisations.
During the event,CapitaLand pledged S$25,000 in support of the company’s effort to further its commitment to the CapitaLand Hope Schools in Viet Nam. The funding will go towards meeting the education, health care and living needs of the students.
Mr Tan Seng Chai, Chief Corporate and People Officer for CapitaLand Group and Executive Director of CapitaLand Hope Foundation delivered S$25,000 cheque to representatives from CapitaLand
CapitaLand is one of the leading developers in Viet Nam and in Asia. Earlier this year in July, CapitaLand completed a transaction with Temasek to acquire Ascendas-Singbridge, making CapitaLand one of Asia’s largest diversified real estate groups.
About CapitaLand Limited (www.capitaland.com)
CapitaLand Limited (CapitaLand) is one of Asia’s largest diversified real estate groups. Headquartered and listed in Singapore, it owns and manages a global portfolio worth S$131.7 billion as of 30 September. CapitaLand’s portfolio spans across diversified real estate classes which includes commercial, retail; business park, industrial and logistics; integrated development, urban development; as well as lodging and residential. With a presence across more than 200 cities in more than 30 countries, the group focuses on Singapore and China as its core markets, while it continues to expand in markets such as India, Viet Nam, Australia, Europe and the US.
CapitaLand has one of the largest real estate investment management businesses globally. It manages eight listed real estate investment trusts (REITs) and business trusts as well as more than 20 private funds. Since it pioneered REITs in Singapore with the listing of CapitaLand Mall Trust in 2002, CapitaLand’s REITs and business trusts have expanded to include AscendasReit, CapitaLand Commercial Trust, Ascott Residence Trust, CapitaLand Retail China Trust, Ascendas India Trust, CapitaLand Malaysia Mall Trust and Ascendas Hospitality Trust.
About CapitaLand Vietnam (www.capitaland.com/vn/en.html)
CapitaLand Vietnam is a business unit of CapitaLand, one of Asia’s largest diversified real estate groups.
After 25 years of operation in Viet Nam, CapitaLand’s portfolio in the country comprises two integrated developments, close to 8,600 quality homes across 15 residential developments, two retail malls, one business park as well as more than 7,000 lodging units in 28 properties across nine cities - HCM City, Ha Noi, Hai Phong, Halong, Hoi An, Da Nang, Binh Duong, Cam Ranh and Nha Trang.
In line with CapitaLand’s credo ‘Building People. Building Communities’, the group is committed to contribute to the Vietnamese economy by seeking opportunities to expand its presence in the country. CapitaLand will also continue to hire and nurture a strong local team, exchange knowledge and skills with local partners and contribute to the local communities’ underprivileged children and environment through corporate social responsibility efforts. CapitaLand has built four CapitaLand Hope Schools for underprivileged children in Phu Tho, Long An and Hung Yen Province.
About TheAscott Limited (https://www.the-ascott.com/en.html)
The Ascott Limited is a Singapore company that has grown to be one of the leading international lodging owner-operators. Ascott’s portfolio spans more than 180 cities across some 30 countries in Asia Pacific, Europe, the Middle East, Africa and the US.
Ascott has more than 66,000 operating units and more than 46,000 units under development, making a total of more than 112,000 units in some 700 properties.
The company’s serviced residence and hotel brands include Ascott, Citadines, Citadines Connect, Somerset, Quest, The Crest Collection, lyf, Préférence, Vertu, Harris, Fox, Yello and POP!.
Ascott, a wholly-owned subsidiary of CapitaLand Limited, pioneered Asia Pacific's first international class serviced residence with the opening of The Ascott Singapore in 1984. Today, the company boasts more than 30 years of industry track record and award-winning brands that enjoy recognition worldwide.
Ascott’s achievements have been recognised internationally. Recent awards include World Travel Awards 2019 for ‘Leading Serviced Apartment Brand’ in Europe and the Middle East; Business Traveller Asia-Pacific Awards 2019 for ‘Best Serviced Residence Brand’; DestinAsian Readers’ Choice Awards 2019 for ‘Best Serviced Residence Brand’; and TTG China Travel Awards 2019 for ‘Best Serviced Residence Operator in China’.