On 28 May 2025, Amata City Ha Long Joint Stock Company signed a Land Use Right Sublease Agreement with CapitaLand SEA Logistics Fund (CSLF), marking the launch of the Avatar Vietnam project—the first ready-built factory development within Song Khoai Industrial Park (Amata City Ha Long).
CSLF will invest a total of US$23.3 million to develop the 6.4-hectare Avatar Vietnam project, which will feature three zones, eight factories and supporting facilities. Operations are slated to begin by January 2027, with the first zone ready for handover as early as the end of 2025. This development is designed to meet enterprise demand for ready-to-move-in factories, warehouses, office spaces, and other supporting facilities for production, enabling companies to save time and quickly commence operations.
CSLF is managed by CapitaLand Investment (CLI), a leading global real asset manager headquartered and listed in Singapore, with a strong Asia foothold. As at 31 March 2025, CLI had S$117 billion of funds under management held via stakes in seven listed real estate investment trusts and business trusts and a suite of private real asset vehicles that invest in demographics, disruption and digitalisation-themed strategies. Its diversified portfolio spans 270 cities across 45 countries, with long-standing presence and extensive real estate experience in Southeast Asia, one of CLI’s core markets.
Despite global economic uncertainties, CLSF’s investment in Amata City Ha Long underscores confidence in Quang Ninh’s investment climate and Vietnam’s growth potential. The Avatar Vietnam project represents a new milestone for Amata City Ha Long in attracting high-quality foreign direct investments into Quang Ninh province.
