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Old February 28th, 2009, 10:27 AM   #1
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HO CHI MINH CITY | Saigon Centre | 386m+ | 88 fl | Pro

Keppel Land to develop Saigon Centre second phase

Keppel Land, one of the largest foreign property developers active in Vietnam, has got the green light for the second phase of the Saigon Centre project in downtown HCMC.
In a statement issued by the Government Office on Tuesday, Prime Minister Nguyen Tan Dung asked the developer to comply with the investment license and the city's zoning plan.

He also asked the joint venture company, Keppel Land Watco I, to undergo restructuring before continuing the development of the project. Vietnamese partners Sowatco and Resco will transfer their stakes in the joint venture to their Singaporean partner Keppel Land so that the foreign partner will develop the second phase of Saigon Centre in the 100% foreign ownership format.

...today... =>> ...Future...

Keppel Corporation in Singapore said in February that it had presented a concept plan for its whole Saigon Centre project. Located in a prime location in District 1, the Saigon Centre is a mixed-use development on a two-hectare site on Le Loi Boulevard, one of the city's main streets.

The first phase of the Saigon Centre, which was completed in 1996, is a 25-story building comprising a three-story retail podium, 11 levels of office space, 89 units of serviced apartments and three levels of basement car park.

Skidmore, Owings and Merrill, one of the world's largest architecture firms, has been named as the architect for the new concept plan of the project.

According to the concept plan, the new phase of the Saigon Centre will develop two towers - an 88-story skyscraper comprising shopping mall, grade Aoffices and a five-star hotel, and a 66-story tower including a commercial center.

The Saigon Centre is now home to the diplomatic corps, multinational firms, banking and financial institutions. The building maintains its position as the market leader in terms of occupancy and rental rates in HCMC. The office and retail components are full. Diaoconline

In March, Elaenia - a joint venture 75% owned by Keppel Land, received an investment license to develop 2,400 condos in HCMC's newly urbanized town of Saigon South. The company will carry out the project covering 8.5 hectares by the Ca Cam River in District 7.

In HCMC, Keppel Land is also developing Saigon Sports City, a 64-hectare township development comprising residential, commercial, and retail components, the fully-sold Villa Riviera, an exclusive 101 unit waterfront villa development in Binh Thanh District, and the Ca Tre River in District 2.

Source: Batdongsan and Dothi.net

Last edited by thaisalem; February 28th, 2009 at 10:47 AM. Reason: SAIGON |Saigon Centre 66 + 88 storeys | 386m+|
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Old February 28th, 2009, 01:09 PM   #2
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That looks totally AWESOME. Nice one HCMC.
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Old February 28th, 2009, 01:11 PM   #3
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it'll be taller
than Petronas'
roof then!
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Old March 3rd, 2009, 03:41 AM   #4
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Good news ! It looks beautiful as i can see on small pics...

Diseño, arquitectura, arte y naturaleza en:

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Old March 15th, 2009, 04:59 PM   #5
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The reders was not confirmed yet, but may be the 2nd and 3rd tower will look the same as the 1st and present tower as you can see in the picture
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Old March 15th, 2009, 05:07 PM   #6
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Originally Posted by anakngpasig View Post
it'll be taller
than Petronas'
roof then!
You're actually right. The roof of Saigon Centre will be 1266 feet tall and the Petronas tower roof is 1242 feet tall. But this tower will not be taller than Petronas tower because their antennas make it 1482 feet tall. Still unbelievable for Saigon....

Sad, this was going to be my favorite building ever, if constructed. But sadly canceled. :(
It would of been 655m tall or 2184 ft tall. Location would of been of course Dubai.

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Old August 8th, 2011, 07:32 PM   #7
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Some news about this older project:

Saigontourist spends 2 bln USD on infrastructure
Feb 22, 2011

The Saigon Travel Service Company (Saigontourist) has recently announced a plan to invest 2 billion USD in a number of infrastructure projects in the 2011-2015 period.

The projects to benefit include the sea-encroached town of Sun bay located in Can Gio district, 50 km from Ho Chi Minh City, with a total capital of 1.2 billion USD.

The second phase of the Saigon Exhibition Centre, costing an estimated 300 million USD and several others such as the Kim Do office and hotel complex, Majestic Tower and the Saigon-Gemadept Tower, with a total cost of 50-100 million USD.

The Dau Tu (Vietnam Investment Review) newspaper quoted Nguyen Huu Tho, Saigontourist’s Director General, as saying that apart from these new projects, the company will continue investing in several others such as the Sai Gon-Phu Quoc tourism area, with an expected capital of 200 million USD and the Thu Thiem complex, with 200 million USD.

Saigontourist will also attaches a lot of importance to upgrading technological and material facilities, personnel training and improving the quality of its products, said Tho.

In term of overseas investment, the company has injected an initial 27 million USD into the Cho Ray Hospital in Cambodia. It is also a shareholder in a 5,000 ha rubber project in Laos and owns a 200-room hotel worth 50 million USD in the US.

Source: VietNews
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