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Korean Company to Develop Tran Hung Dao's 'Golden Triangle'

Along with the dozens of other iconic locations scattered across downtown Saigon, that three-pointed sliver of land bordered by Pham Ngu Lao, Nguyen Thai Hoc and Tran Hung Dao Streets will be getting a makeover in the coming years.

According to Thanh Nien, the municipal government recently selected Korean construction company Jimiro to become the principal investors in the 13,000-square-meter plot of land, which is already filled with shops, restaurants and, as you may recall, a 24-hour McDonald's.

Nicknamed the “Golden Triangle”, this area will one day house three 55-story office buildings, a 30-story five-star hotel and a 10-story commercial center, according to Jimiro representative An Tae-su. Total investment for the project is US$500 million.

The space was previously awarded to Thai Son in mid-2015, however the investor was forced to back out due to financial issues, resulting in Jimiro's selection.

Currently, renderings of the development are not yet available.

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