Monday, August 21, 2017 - 13:52:26

Saigon Centre's second phase begins

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Singaporean property developer Keppel Land and its local partners broke ground on Nov. 24 on a 160 million USD multipurpose complex in HCM City 's district 1.

This development is the second phase of the Saigon Centre at 65 Le Loi street . The centre is a project by Keppel Land Watco and its Vietnamese partners, the Southern Waterborne Transportation Corporation (SOWATCO) and the Saigon Real Estate Corporation (RESCO).

Once fully completed in 2015, the Saigon Centre Phase 2 will have 45 storeys, according to Choo Chiau Beng, chairman of Keppel Land . There will be seven floors for retail and dining space covering 50,000sq.m, 40,000sq.m of grade A office area and over 200 serviced apartments.

New York-based NBBJ, a leading global architecture and design firm, has been selected as lead designer of the second phase.

The existing 25-storey Saigon Centre, which began operation in 1996, has 89 serviced apartments and three car parking basements apart from around 12,000sq.m of office and retail space.

Keppel Land 's portfolio in Vietnam covers 17 projects in Hanoi , HCM City , Dong Nai and Vung Tau with a total investment capital of almost 2 billion USD. /.
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