Saigon One Tower

Saigon One Tower, is an unfinished high-rise building located at 34A Ton Duc Thang Street, Ho Chi Minh City, Vietnam. This tower was invested by Saigon M&C and Dong A bank, totals approximately $228 million USD. The building was designed to be a 41-storey tower with three functions.

Saigon One Tower
Location within Vietnam
General information
StatusOn hold
TypeShopping Mall & Office & Apartment
LocationHo Chi Minh City, Vietnam
Coordinates10.7717°N 106.7040°E / 10.7717; 106.7040
Construction started2007
Estimated completion2018+
Height
Top floor195.3 m (641 ft)
Technical details
Floor count41
Floor area6,800 m2 (73,000 sq ft)
References
[1]

The tower covers 6,800 square metres (1.7 acres; 0.68 ha) of land, right on the bank of Saigon River. The tower's construction started in 2007 and was expected to be completed in 2012. Saigon M&C would have become one of the highest priced real estate developments in Vietnam and was expected to be the second tallest building in Ho Chi Minh City after Bitexco Financial Tower. However, construction works has halted since 2012.[2]


Office and retail supermarket in Vietnam
Saigon M&C as of June 8, 2010

During 2000–2007, Vietnam achieved an economic growth of 8-8.5%, leading to the increasing demand of office and shopping spaces in big cities like Ho Chi Minh City, Hanoi, Danang, Haiphong. Land and housing prices in these cities are disproportionate to the GDP per capita in the country.

See more

References
  1. "Saigon One Tower". SkyscraperPage.
  2. "Vietnam Empty Office Towers Show Dreams Turned to Rubble". 26 November 2012. Retrieved 14 December 2012.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.