Keppel Land said on Monday it would take a 60 per cent stake in a Vietnam residential property project expected to cost about US$136 million.The firm said its 5.1-ha waterfront project in Ho Chi Minh City with local Vietnamese developer Hong Quang Co would be launched for sale in early 2009.
The project will be Keppel Land's fifth residential development in Vietnam.
'We will continue to be on the lookout for more prime residential sites in Vietnam,' said Ang Wee Gee, Keppel Land's regional investments director. -- REUTERS
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