Keppel breaks ground on Saigon Sports City

Business News

Keppel breaks ground on Saigon Sports City

Monday, November 11,2019

AsemconnectVietnam - Singaporean conglomerate Keppel Group on November 8 held a groundbreaking ceremony for Saigon Sports City, a smart township project covering 64 hectares of land in HCMC’s District 2, set to become a sporting, lifestyle and entertainment hub for the area.

Addressing the event, Loh Chin Hua, CEO of Keppel Corporation, said that the groundbreaking of Saigon Sports City marks a new phase in Keppel’s business in HCMC.

Leveraging the Keppel Group’s capabilities to provide solutions for sustainable urbanization, Keppel Land and Keppel Urban Solutions, two subsidiaries of the group, are collaborating on the master plan and development of the integrated township, which is expected to become an iconic landmark in the southern hub of Vietnam, he said.

Once complete, the township will feature some 4,300 premium apartments as well as a sports, entertainment and lifestyle hub.

Biophilic design principles will be adopted in Saigon Sports City, including natural cross-ventilation throughout the development, ample space between buildings for natural light, a contiguous fitness circuit, lush landscaping with locally sourced flora and picturesque water features with natural filtration to create a green environment.

The project, which requires an estimated US$500-US$700 million in investment, is scheduled for completion in 2027. Its first phase will see the construction of residential and commercial spaces as well as sports facilities.

Keppel will also work with local and international partners to offer innovative urban solutions, including smart security, smart mobility and environmental infrastructure solutions.

As a property arm of Keppel Corporation, Keppel Land provides innovative real estate solutions with its portfolio of award-winning residential developments, investment-grade commercial properties and integrated townships, with a pipeline of some 46,000 homes in Singapore and overseas.

Source: thesaigontimes.vn

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