CapitaLand seeks land in Vietnam, India

Posted on | June 25, 2008

By BLOOMBERG

SINGAPORE: CapitaLand Ltd, Southeast Asia’s biggest developer, said land prices in Vietnam and India have fallen by as much as 15 per cent this year, making it easier to get sites now.

There may be more opportunities in “greenfield sites,” chief investment officer Kee Teck Koon said at a property conference here yesterday.

CapitaLand is also looking at expanding in Japan, where it may acquire properties and set up funds for investments, Kee said.

“This is the right time to negotiate for better prices.”

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