SeeMacau
August 10th, 2004, 04:35 AM
http://www.keppelland.com.sg/img/res/vietnam/pic_SaigonSports.gif
Locatio: Ho Chi Minh City
Type of development: Residential Township
Estimated No of Units: 250 apartments (Phase 1)
: 250 apartments (Phase 2)
Expected launch date: 1H2005 (Phase 1)
: 2H2006 (Phase 2)
Keppel Land together with Hong Kong-based Chiap Hua Group, is developing a good class residential estate on a 74.7 hectare site in Ho Chi Minh City, Vietnam.
The development, known as Saigon Sports City, is located just 25 minutes from the city centre, in the popular An Phu Ward in District 2 in Ho Chi Minh City. It is easily accessible via the Hanoi Highway and enjoys good scenic river frontage. The surrounding area is popular with the expatriate community and the upper income locals, and enjoys close proximity to the International Grammar School, British International School, foreign-developed serviced apartments and Metro Hypermart.
Saigon Sports City will comprise mainly quality housing, supporting commercial complexes, and a 15 hectare area designated for public sports facilities. In exchange for land-use rights, the joint venture will develop the public sports facilities over 10 years.
Phase One, comprising about 250 units of high-rise apartments, will be launched in the first half of 2005. Catering to the upper income market and with proximity to many sports and recreational facilities, the project is positioned to meet the growing demand for well-planned residential estates in the city and is poised to be the first to embark on a “healthy lifestyle” development concept in Vietnam.
KLL will hold a 90% stake in the joint venture company, and the Chiap Hua Group will hold the remaining 10%.
Locatio: Ho Chi Minh City
Type of development: Residential Township
Estimated No of Units: 250 apartments (Phase 1)
: 250 apartments (Phase 2)
Expected launch date: 1H2005 (Phase 1)
: 2H2006 (Phase 2)
Keppel Land together with Hong Kong-based Chiap Hua Group, is developing a good class residential estate on a 74.7 hectare site in Ho Chi Minh City, Vietnam.
The development, known as Saigon Sports City, is located just 25 minutes from the city centre, in the popular An Phu Ward in District 2 in Ho Chi Minh City. It is easily accessible via the Hanoi Highway and enjoys good scenic river frontage. The surrounding area is popular with the expatriate community and the upper income locals, and enjoys close proximity to the International Grammar School, British International School, foreign-developed serviced apartments and Metro Hypermart.
Saigon Sports City will comprise mainly quality housing, supporting commercial complexes, and a 15 hectare area designated for public sports facilities. In exchange for land-use rights, the joint venture will develop the public sports facilities over 10 years.
Phase One, comprising about 250 units of high-rise apartments, will be launched in the first half of 2005. Catering to the upper income market and with proximity to many sports and recreational facilities, the project is positioned to meet the growing demand for well-planned residential estates in the city and is poised to be the first to embark on a “healthy lifestyle” development concept in Vietnam.
KLL will hold a 90% stake in the joint venture company, and the Chiap Hua Group will hold the remaining 10%.