Ho Chi Minh City, 19 December 2019 - CapitaLand Vietnam and Surbana Jurong have signed a Memorandum of Understanding (MOU) with the aim to collaborate and develop sustainable and smart city solutions for CapitaLand Vietnam’s real estate projects in the future.

Mr Chen Lian Pang, Chief Executive Officer of CapitaLand Vietnam (middle left) and Mr Teo Eng Cheong, Chief Executive Officer, International of Surbana Jurong (middle right) at the signing ceremony

Through the MOU, CapitaLand Vietnam will be able to leverage the technical consultancy capabilities of Surbana Jurong, in areas such as master planning, quantity surveying, project management as well as urban, architectural and engineering design. CapitaLand Vietnam can also tap on Surbana Jurong’s varied experience, especially in areas of township, industrial and commercial projects.

Mr Chen Lian Pang, Chief Executive Officer of CapitaLand Vietnam said: “CapitaLand Vietnam has been a committed long-term partner in Vietnam’s urbanisation journey for the past 25 years. Through the partnership with Surbana Jurong, we can leverage our combined strengths, expertise, and resources to deliver greater value to CapitaLand Vietnam’s customers.  The sustainable and smart solutions developed will add to CapitaLand Vietnam’s competitive edge and allow us to further contribute towards the continued economic growth of Vietnam."

Mr Teo Eng Cheong, CEO, International of Surbana Jurong said: “Surbana Jurong is able to harness our unique experience and expertise to plan and design sustainable and smart projects of different nature and scale. Some of these projects include the New Clark City in The Philippines, Microsoft ZiZhu Campus in Shanghai, Guangming Smart City in Shenzhen and Pimpri Chinchwad Smart City, adjoining Pune City in the state of Maharashtra in India. We look forward to a fruitful partnership with CapitaLand Vietnam where Surbana Jurong can play a part to build socially, economically and environmentally sustainable communities in Vietnam.”

The MOU echoes Vietnam’s Prime Minister Nguyễn Xuân Phúc’s call on CapitaLand to deepen its value creation through real estate, to develop smart and environmentally-friendly projects and contribute to Vietnam’s development.  CapitaLand’s Chairman, Mr Ng Kee Choe met Prime Minister Nguyễn Xuân Phúc to reaffirm CapitaLand's long-term commitment in Vietnam on the 14th June 2019.

CapitaLand Vietnam and Surbana Jurong have previously collaborated on Seasons Avenue. The landmark award-winning 1,300-unit residential project by CapitaLand Vietnam comprises four blocks of about 40 storeys each, with over 60 facilities for its residents. Surbana Jurong was the lead design consultant and the contract administrator for the project. Seasons Avenue had previously won the ‘Highly Commended Award’ at the Asia Pacific Property Awards and the ‘Best High-end Condominium, Hanoi’ at the Vietnam Property Awards. In June 2019, Seasons Avenue won the Green Mark Award by the Building & Construction Authority of Singapore.

CapitaLand Vietnam and Surbana Jurong have previously collaborated on Seasons Avenue, where Surbana Jurong was the lead design consultant and the contract administrator for the project

CapitaLand Vietnam currently has two integrated developments in its portfolio. Located in Ho Chi Minh City, The Vista comprises 750 luxurious apartments across five 28-storey towers overlooking the Saigon River and the surrounding city. The development also comprises approximately 8,500 square meters of commercial space including a retail podium, named The Oxygen and 100 unit, Somerset Vista Ho Chi Minh City, a serviced residence managed by The Ascott Limited, CapitaLand’s wholly-owned lodging arm. The second integrated development is located in the Tay Ho district of Hanoi. The upcoming 25-storey integrated development will comprise a 380-unit residence including SoHo apartments, around 230,000 square feet (sq ft) of office space and over 208,000 sq ft of retail space.

The Vista (Ho Chi Minh City) is one of the integrated developments of CapitaLand Vietnam, comprising 750 luxurious apartments across five 28-storey towers overlooking the Saigon River and the surrounding city

CapitaLand Vietnam is also further supported by CapitaLand Group’s global experience in building smart and sustainable cities as well as developing large scale business and industrial parks.

CapitaLand Vietnam remains committed to improving the economic, environment and social well-being of its stakeholders through its real estate developments and operations. To date, seven residential projects have been green-certified, and CapitaLand Vietnam continues to build on its sustainability efforts to green its portfolio by 2030.

About CapitaLand Vietnam

CapitaLand Vietnam is a business unit of CapitaLand, one of Asia's largest diversified real estate groups. After 25 years of operation in Vietnam, CapitaLand’s portfolio in Vietnam 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 - Ho Chi Minh City, Ha Noi, Hai Phong, Halong, Hoi An, Danang, 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 also built four CapitaLand Hope Schools for underprivileged children in Phu Tho, Long An and Hung Yen Province.