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CapitaLand Limited
Annual Report 2015
Overview
Sustainability
Business
Review
Portfolio
Details
Corporate
Governance &
Transparency
Regional Investments
Financials &
Additional
Information
Expanding CapitaLand’s regional
presence through key real estate
investments
Vietnam
Vietnam is CapitaLand’s third largest market in Southeast
Asia and one of the fastest growing countries in the region.
In the residential sector, CapitaLand Vietnam has a portfolio
of about 8,000 quality homes, with eight residential projects
across the cities of Ho Chi Minh City and Hanoi.
In 2015, CapitaLand Vietnam launched two towers in Vista
Verde (Ho Chi Minh City) and two new residential development
projects, namely The Krista (Ho Chi Minh City) and Seasons
Avenue (Hanoi). The launches were well-received by the
market. In total, CapitaLand Vietnam achieved sales of
1,321 apartment units in 2015 (2014: 1,125 units) with a sales
value of S$226.5 million (2014: S$151.5 million), making it the
second consecutive year that Vietnam’s annual residential
sales have surpassed 1,000 units.
In response to legislative changes allowing foreign ownership
of real estate in Vietnam, CapitaLand Vietnam successfully
marketed its projects Vista Verde and The Vista to foreign
investors, receiving positive response at its maiden launch
in Singapore.
In addition, CapitaLand Vietnam also secured two investment
deals in Ho Chi Minh City in 2015. Both sites are strategically
located in District 2 in Ho Chi Minh City, increasing CapitaLand
Vietnam’s project pipeline for future growth.
CapitaLand Vietnam will continue to leverage its robust
development capabilities, deep operating expertise and wide
business network to fuel growth via suitable investments
and management opportunities in Vietnam.
Indonesia
In November 2014, CapitaLand entered into a joint venture
to develop its first integrated development in Indonesia.
The project is located at Jakarta’s central business district
and comprises 3 towers with office, residential, serviced
residences and supporting retail component. In 2015,
necessary approvals for the land were obtained and
significant progress in submission for project approvals
was made. The project is on track for construction in 2016.
Going forward, CapitaLand will continue to leverage its
expertise in integrated developments, shopping malls,
serviced residences, office and homes to actively pursue
growth opportunities in Indonesia.
StorHub
StorHub is the largest self-storage operator in Singapore
with 11 facilities which span over 128,000 sqm in GFA.
Its operations in China, with a total GFA of 11,349 sqm
across two facilities, have improved significantly. Coupled
with better marketing efforts, especially through the use
of social media, overall occupancy in both Singapore and
Shanghai have grown by 6.5% y-o-y.
In 2015, StorHub opened its first self-storage facility at
Sungei Wang Plaza, an established landmark in Kuala
Lumpur (KL) City Centre. The central location provides an
ideal launch pad for StorHub to introduce the convenience
of affordable self-storage services to the KL market.
The official opening attracted mainstream media to the
event, featuring StorHub as a lifestyle enabler.
Vista Verde, Ho Chi Minh City, Vietnam
