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FOR IMMEDIATE RELEASE
29 October 2010
NEWS RELEASE
CapitaLand sets up new business unit, CapitaValue Homes
Expansion in affordable housing sector in China and Vietnam
Singapore, 29 October 2010 – CapitaLand has set up a new business unit, CapitaValue
Homes, to grow its residential business in the affordable housing sector in China and Vietnam.
The new business unit will focus on developing well-designed and affordable homes in these
two countries.
Through CapitaValue Homes, CapitaLand has extended its core residential business to include
affordable housing, which caters to homebuyers whose mortgage capacity to purchase homes
are pegged to about 40% of the household income level in that particular city. The Group has
an extensive geographical reach in both China and Vietnam, possesses valuable domain
knowledge and enjoys strong network with the local authorities and real estate professionals in
the two countries.
Mr Liew Mun Leong, President & CEO of CapitaLand Group, said: “We have set up
CapitaValue Homes to meet the real, non-speculative demand for affordable homes in China
and Vietnam. Affordable housing has tremendous growth potential in these two countries due to
their rapid massive urbanisation. For a start, CapitaValue Homes has identified two sites, one
each in China and Vietnam, as its maiden projects.”
Mr Liew added: “We have appointed Chen Lian Pang as CEO of CapitaValue Homes.
Lian Pang brings with him more than 20 years of construction and real estate experience in
both Singapore and overseas.”
Mr Chen Lian Pang, CEO of CapitaValue Homes, said: “CapitaValue Homes will focus on
building homes that would be affordable to owner-occupiers who are looking to purchase a first
home. These homes will have a more standardised design with a different set of specifications
and design approach compared to the mid- to high-end homes that we have been building in
our core markets. We will also exploit industrial construction technology to save time and cost
for these projects. We are looking to build homes that are likely to be about 90 square metres in
size for the China market and about 60 to 70 square metres in size for the Vietnam market.
We will work closely with the local authorities to manage the land cost so that the selling prices
would be affordable to our homebuyers, with mortgage repayment pegged at approximately
40% of the average income level in that particular city.”
Maiden Vietnam project – Site in District 9, Ho Chi Minh City
CapitaLand signed a Conditional Joint Venture Agreement on 28 October 2010 with local
developer No Va Land Investment to jointly develop a residential site in District 9 in Ho Chi
Minh City, an established populous area that is well-served by amenities such as a
supermarket and planned sports and recreational facilities.

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The approximately 9,000-square-metre site, located at the fringe of the city centre, enjoys
convenient access via the future Ho Chi Minh-Long Thanh Highway and Hanoi Highway. It is
also within close proximity to the proposed Saigon Sport City and Saigon Golf Mixed-used
Development projects, as well as Ho Chi Minh Vocational College of Technology and Saigon
Hightech Park.
CapitaValue Homes, as the lead project developer for the site, plans to develop it into a
residential development with approximately 500 apartments.
Maiden China project – Site in Wuhan, Hubei Province
CapitaValue Homes has entered into a Co-operative Agreement with the Caidian District
Government as well as an Investment Framework Agreement with a Chinese state owned
enterprise to invest in a site in Wuhan City, Hubei Province, China. The site will have potential
gross floor area of over 200,000 square metres, to build more than 2,000 homes.
It is situated in the district’s Houguan Lake Eco-City and enjoys a scenic natural environment
and convenient accessibility. The location is approximately 20 kilometres from the city centre.
Wuhan City is the capital of Hubei Province and ideally situated in the heart of central China. It
has the fourth busiest airport in the country and enjoys a developed transportation network of
Pan-China railway system and the Yangtze River waterway. Wuhan City also has the largest
port in Central China. With the high-speed railways already built, or under construction, the
travelling time from Wuhan to Guangzhou, Shanghai or Beijing will be shortened to just less
than four hours.
More details on the acquisition of the site will be announced when it is finalised.
About CapitaLand Limited (www.capitaland.com)
CapitaLand is one of Asia’s largest real estate companies. Headquartered and listed in
Singapore, the multi-local company's core businesses in real estate, hospitality and real estate
financial services are focused in growth cities in Asia Pacific and Europe. The company's real
estate and hospitality portfolio, which includes homes, offices, shopping malls, serviced
residences and mixed developments ，spans more than 110 cities in over 20 countries.
CapitaLand also leverages on its significant asset base, real estate domain knowledge,
financial skills and extensive market network to develop real estate financial products and
services in Singapore and the region. The listed entities of the CapitaLand Group include
Australand, CapitaMalls Asia, CapitaMall Trust, CapitaCommercial Trust, Ascott Residence
Trust, CapitaRetail China Trust, CapitaMalls Malaysia Trust and Quill Capita Trust.
Issued by: CapitaLand Limited (Co. Regn.: 198900036N)
Date: 29 October 2010
Analyst Contact Media Contact
Harold Woo, SVP, Investor Relations Basskaran Nair, SVP, Communications
Tel: +65 68233 210 Tel: +65 68233 554
Email: harold.woo@capitaland.com Email: basskaran.nair@capitaland.com