Reuters: Singapore's CapitaLand in talks to buy Vietnam property assets from Vinhomes
(VOVWORLD) -Asian real estate giant CapitaLand Group is in talks to acquire assets worth roughly 1.5 billion USD from Vietnam's biggest listed property firm Vinhomes JSC, Reuters quoted sources familiar with the matter as saying on Friday.
A deal of that size would mark one of the largest real estate transactions in Southeast Asia in the last few years.
Discussions between CapitaLand, majority owned by Singapore state investor Temasek Holdings, and Vinhomes, which has a market value of 8 billion USD - have taken place for some projects owned by Vinhomes, four sources told Reuters.
One of the sources said CapitaLand is considering buying part of Vinhomes' Ocean Park 3 project, a 294-hectare resort city style development near the Vietnamese capital city of Hanoi, or another project in the northern city of Haiphong.