The Vista - CapitaLand's First Residential Development In Vietnam Has Been Granted Pink Books

The Vista is jointly developed by CapitaLand as the lead developer, Thien Duc Trading Construction Co., Ltd and Phu Gia Investment Joint Stock Company. The construction was completed on schedule and the apartments were handed over to home purchasers from end 2011. Right after handover, the developer collaborated closely with the home purchasers to apply for the pink books. We are glad that the first batch of the pink books has now been issued.

Obtaining the pink books is the testament of the developer’s strong commitment in developing the project as approved by the authorities. With the pink books, home purchasers can enjoy their legal rights in accordance with the law on land and the law on residential housing, such as right to assign, right to lease, right to inherit, right for capital contribution, etc. In addition, pink book is one of the necessary mortgage documents for the home owners who need a bank loan.

Mr Yip Hoong Mun, Deputy CEO of CapitaLand (Vietnam), said: “The Vista marks several milestones achieved by CapitaLand in Vietnam. When The Vista was officially launched in October 2007, it received overwhelming response from the Vietnamese. Notwithstanding the challenging market, the project was completed as scheduled in September 2011 and has since been handed over successfully to homebuyers. And now the first batch of pink books has been issued. In addition, we are regularly organizing various activities for residents, neighbors, and public, such as Vista Christmas Bazaar, Vista Tet Bazaar, Earth Hour event, etc. The Vista is more than just a residence, it is also a community for our residents.”

The Vista was awarded the Best Development Marketing at Asia Pacific Property Awards 2009 organised by International Property Awards. The award recognised the successful marketing campaign of a real estate project that is well-positioned to meet the increasing demand for quality apartments in the city.