Singapore’s CapitaLand offers ‘buy now, pay later’ plan for Vietnamese residential project to entice Hong Kong investors

Singapore’s CapitaLand Development has rolled out a “buy now, pay later” scheme for a residential project in Vietnam amid slowing residential sales in the Southeast Asian country.

CapitaLand, controlled by Singapore’s sovereign wealth fund Temasek Holdings, is offering the scheme to buyers for the first time since the company entered the local market in 1994. Fifty-nine fully furnished flats in Zenity, a residential project in Ho Chi Minh City, is exclusively available to buyers in Hong Kong, at prices starting from HK$3.5 million (US$446,000).