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Development

United States

Vietnam Town

Vietnam Town is SingHaiyi's second real estate venture in the US market. The commercial condominium development project in San Jose, California comprises 256 commercial condominium units across nine blocks and a four-storey parking structure. The project is strategically located in a mixed-use neighbourhood with convenient access to transportation networks, retail and commercial facilities.

Our state in the project consists of 192 units, of which 51 units have been successfully completed and sold in Phase I in 2017. The remaining units in Phase II were divested in a bulk sale transaction for US$95.3 million (S$128.3 million) in December 2017 with the completion expected to take place by 30 September 2018.

Type Commercial Condominium
Location San Jose, California
Acquisition Cost US$33.1 million
SingHaiyi's Stake 100%
Tenure Freehold
Units (Number) 192
Total Land Area (sq ft) 853,502
Gross Development Value US$122.0 million

Vietnam Town
Vietnam Town

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