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Future Saigon Update: The German House

More details are emerging on the German House, the 25-story tower going up across from Kumho Plaza at the corner of Le Duan and Le Van Huu Steets.

Work on the 25-story tower has already begun and will not only house the German Consulate, but also offices, restaurants, a gym, pool and apartments, two of which will be penthouses (I bet those views will be amazing).

The building, expected to open in 2017, will be one of the first in Vietnam to meet LEED Gold standards and will incorporate a number of energy-saving features. Electronic blinds and 2 layers of outer glass block the sun and decrease air conditioning costs while its large windows will allow for the saturation of natural light, reducing the need for artificial lighting.

The German House was designed by GMP Architects and will be managed by Colliers International.

In 2011, the German government and the HCMC municipal Department of Natural Resources and Environment reached an agreement on a 99-year lease on the site for VND1. Yes, 1 Dong.

[REIC]

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