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| Wallich Residence will be the tallest building in Singapore |
HCM CITY (Biz Hub) — Anpha Holdings has become the Vietnamese distributor of three apartment projects in Singapore, becoming the first developer in Việt Nam to sell Singapore properties.
Late last week in HCM City, the company together with Singapore-based GuocoLand Limited and PropNex International launched three projects: Wallich Residence, Leedon Residence and Sims Urban Oasis.
Michael Đặng, chairman of Anpha Holdings, said Vietnamese investors are now seeking to invest in properties outside the country.
His company chose Singapore because of the convenient transportation -- 15 flights a day to the island-nation – and the fact that it is a destination for many big companies, he said.
He said the three projects are in the centre of Singapore and can fetch high profits as well as rentals.
They are developed by GuocoLand, which has developed many projects in Singapore, China, Malaysia, and Việt Nam. In Singapore alone it has developed 34 projects with over 9,000 condos and houses.
An event will be organised in Hà Nội on October 1 to introduce the three projects. — VNS