Saigoneer

BackSociety » Development » Korean Company to Develop Tran Hung Dao's 'Golden Triangle'

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.


Related Articles:

Vinhomes to Transform Ba Son Shipyard Into Mega Development

[Photos] Bitexco Group to Transform Thanh Da Into Urban Wasteland

15 Projects That Will Change Saigon Forever: Part 1


Related Articles

in Development

5 Buildings That Will Rise Above Saigon in 2016

Though change has always been fast in Saigon, 2015 was a big year for the city's development, as new skyscrapers, shopping malls and infrastructure projects sprouted all over town. While some structur...

in Development

A Vietnam-Laos Railway Could Be on the Horizon

Late last month, Deputy Minister of Transport Nguyen Ngoc Dong announced the launch of a feasibility study which will explore the possibility of a railway connecting Vientiane with coastal Vung Ang in...

in Development

As Myanmar Grows, Yangon Balances History With Modern Development

Yangon has one of the most intact historic cityscapes in Southeast Asia, and under the current government administration, new development is rising fast. While deliberating over how to develop, Yangon...

in Development

As New Emission Standard Deadline Approaches, Vietnam May Not Be Ready

Even though Vietnam has already set a deadline to comply with European level 4 exhaust emission standards (Euro 4), whether the new legislation is feasible remains unclear.

in Development

Asia's Megacities Face Development Trade-off

The coupling of massive urban migration with heady economic development is hampering the sustainable progress of East and Southeast Asian megacities.

in Development

Bac Ninh Flush With Samsung Cash, But Is It Sustainable?

Samsung’s investment has transformed Bac Ninh province into Vietnam's second-largest exporting center, dramatically boosting the earnings of the local community. 

Partner Content

Video »

BUDX HCMC