CapitaLand toasts 25-year journey

November 28, 2019 | 10:19
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CapitaLand Ltd., one of Asia’s largest diversified real estate groups, has reached the significant milestone of a quarter of a century in Vietnam.
capitaland toasts 25 year journey
Guests of honour on stage to celebrate the milestone of 25 years of CapitaLand’s operations in Vietnam

On November 14, the company celebrated the transformational journey with a gala dinner of around 400 distinguished guests in attendance. The event was graced by Roy Kho, Consul-General of Singapore in Ho Chi Minh City, as well as representatives from CapitaLand, business partners, and key stakeholders of the group.

CapitaLand’s journey in Vietnam began in 1994, with the introduction of Somerset West Lake in Hanoi. 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, and one business park as well as more than 7,000 lodging units in 28 properties across nine cities.

capitaland toasts 25 year journey
Roy Kho, consul-general of Singapore in Ho Chi Minh City

At the event, CapitaLand Vietnam thanked all stakeholders for accompanying the business throughout its journey, including its business partners, capital partners, business associations, customers, tenants, and the media.

CapitaLand also highlighted its contribution towards the local communities in which it operates. Since 2005, through its philanthropic arm CapitaLand Hope Foundation, the group has donated more than S$39 million ($28.66 million) to help over 40,000 vulnerable elderly people in Singapore and over 164,000 underprivileged children in communities in which CapitaLand has a presence.

capitaland toasts 25 year journey
Chen Lian Pang, CEO of CapitaLand Vietnam, thanked stakeholders

From there, over S$22 million ($16.17 million) has gone towards supporting community development efforts in ASEAN countries such as Singapore, Vietnam, Malaysia, Indonesia, Thailand, and the Philippines through strategic partnerships with local government agencies and non-profit organisations.

capitaland toasts 25 year journey
Tan Seng Chai, chief corporate and people officer for CapitaLand Group, and executive director of CapitaLand Hope Foundation, delivered a S$25,000 ($18,400) cheque to representatives of CapitaLand Hope Schools

During the event, CapitaLand pledged S$25,000 ($18,400) in support of the company’s efforts to further its commitment to CapitaLand Hope Schools in Vietnam. The funding will go towards meeting the education, healthcare, and living needs of the students.

CapitaLand is one of the leading developers in Vietnam and wider Asia. In July, the company completed a transaction with Singaporean holding company Temasek to acquire Ascendas-Singbridge, making CapitaLand one of Asia’s largest diversified real estate groups.

As a business unit of CapitaLand, the Vietnamese arm for 25 years has overseen an expansive product portfolio.

In line with the group’s credo of building people and building communities, CapitaLand Vietnam is committed to contributing 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 local communities’ underprivileged children and the environment through corporate social responsibility efforts. As an example, CapitaLand Vietnam has thus far built four CapitaLand Hope Schools for underprivileged children in the northern provinces of Phu Tho and Hung Yen, and the Mekong Delta province of Long An.

Headquartered and listed in Singapore, CapitaLand owns and manages a global portfolio worth S$131.7 billion ($96.8 billion) as of last month.

The group’s portfolio spans diversified real estate classes including commercial and retail; business parks, industrial parks, and logistics; integrated and urban development; and lodging and residential.

With a presence across more than 200 cities in over 30 countries, the group focuses on Singapore and China as its core markets, while it continues to expand in locations such as India, Vietnam, Australia, Europe, and the United States.

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