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Future Saigon: Thu Thiem’s Empire City

Yesterday afternoon, the Ho Chi Minh City People's Committee held a ceremony to announce the Thu Thiem Empire City development, the crown jewel of the city’s new urban area.


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The 14.5 hectare complex will be located just across from downtown Saigon and feature a high-end shopping mall, a 5-star hotel, offices, serviced apartments, an underground parking garage and an 86-story skyscraper, one of the tallest buildings in SE Asia and the most prominent structure in the massive Thu Thiem Urban Area, reports REIC.

Construction of the US$2.2 billion project will begin this year and is a joint venture between JSC Property Tien Phuoc, Ltd. Tran Thai Properties, Denver Power Ltd (UK) and GAW Capital Partners.

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The Thu Thiem peninsula is being built in sections by different developers, that include, among other projects, a US$2 billion eco smart city, the Thu Thiem Financial Center, the Dai Quang Minh eco complex and a US$87 million, 28 hectare park.

[Renderings via REIC]

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