Globe News Wire
24 May 2026, 03:25 UTC · 4h ago
Source · https://www.globenewswire.com/news-release/2026/05/24/3300450/0/en/a-new-asia-next-world-class-destination-takes-shape-in-north-movement.html
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KDI Group is launching the Vega Alora residential and hospitality tower in June, managed by The Ascott Limited and Central by Sunset Hospitality Group. — The introduction of new residential and hospitality capacity by major operators indicates revenue growth and operational scaling for the developer.
+0.30KDI Group plans to open a 1,500-capacity International Conference Center next year and the 'Đông Sơn Verse' immersive tech space in June 2027. — These infrastructure additions expand the site's utility for MICE (Meetings, Incentives, Conferences, and Exhibitions) tourism, potentially increasing long-term asset value.
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The Ascott Limited (managed by CapitaLand Investment) is expanding its footprint via the management of the new Vega Alora tower.
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