1&2 - The masterplan for Saigon Sports City was unveiled in
a ceremony graced by Singapore’s Minister of National
Development, Mr Mah Bow Tan in HCMC
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Ho Chi Minh City
Saigon Sports City
Keppel Land together with Hong Kong-based Chiap Hua
Group, is developing Saigon Sports City, a good class
residential township on a 74-ha site in Ho Chi Minh City
(HCMC), Vietnam. The development, the first of its kind
in Vietnam, introduces Vietnamese to a healthy lifestyle
development concept and is positioned to meet the
growing demand for well-planned and professionally
managed residential estates in HCMC.
Flanked by two scenic rivers, the township is located
in HCMC's prime An Phu Ward in District 2, about 25
minutes' drive from the CBD and is easily accessible
via the Hanoi Highway.
One of the largest developments in Vietnam for
Keppel Land, Saigon Sports City will be a fully integrated
residential, commercial and recreational / sporting hub
which will be developed in phases. It will comprise
high-rise condominiums, landed housing, retail centres,
recreational facilities and public sports amenities, targeted
at the upper-income market. The first phase of the
development comprising 782 high-rise apartments,
will be launched in the second half of 2005.
Keppel Land holds a 90% stake in the company, and
Hong Kong's Chiap Hua Group holds the remaining 10%
stake. The investment licence for Saigon Sports City,
which was granted by the Ministry of Planning and
Investment in August, is one of the first given to a 100%
foreign-owned enterprise to develop and sell residential
properties in the country.
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