Back Stories » Saigon » [Renderings] $6bn Eco Park Project to Reshape D7's Fringes

[Renderings] $6bn Eco Park Project to Reshape D7's Fringes

A desolate area District 7 is set to receive a makeover as Ho Chi Minh City authorities recently greenlighted a US$6 billion ecological park project in the area.

The project, named Saigon Peninsula, will span nearly 118 hectares of Phu Thuan Ward in District 7, filling the barren area with a multipurpose park, an international cruise terminal, office towers, villas, apartment blocks and hotels, reports VnExpress.

Saigon Peninsula is set to provide as many as 30,000 jobs for locals and hopes to catch the attention of potential foreign investors.

Local private property developer Van Thinh Phat Group Corporation (VTP) will take the helm of the project as a principal investor. VTP has also brought in foreign partners including Malaysia-based Pavilion Group and Genting Group, according to the news source.

The former is in charge of a luxurious shopping mall combined with a five-star hotel, as well as a range of apartment blocks, deluxe resort villas and class A office towers. Genting Group will construct the international cruise terminal, primed to be the biggest passenger port in Vietnam.

[Renderings via Bat Dong San Sai Gon Group]

Related Articles:

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

Construction Kicks off on the Crown Jewel of Thu Thiem

Related Articles

in Saigon

$100,000 Diamond Allegedly Vanishes From Woman’s Finger In HCMC Hotel

A Hanoi woman claims that she was drugged at a HCMC hotel last weekend and awoke to find that a $100,000 diamond had been pried from her ring.

in Saigon

100,000 Workers at Saigon Industrial Zones to Get Free WiFi by 2019

Workers at Saigon’s industrial zones can look forward to free WiFi access in the near future thanks to a new program.

in Saigon

100-Year-Old Trees In Front Of Opera House Cut Down To Make Way For Metro

Flower Street and the statues in front of Bến Thành Market aren’t the only sacrifices being made to accommodate the construction of Saigon’s first metro line.

in Saigon

122-Year-Old Saigon Woman Confirmed As World’s Oldest

The World Records Association (WRA) has completed the verification process and officially confirmed Saigon’s 122-year-old Nguyen Thi Tru, as the world’s oldest woman.

in Saigon

160 Wood Benches Being Added To Nguyen Hue Street

The trees that were cut down last July during construction of the metro station in front of the Saigon Opera House are making a comeback in the form of benches.

in Saigon

2 Men Arrested In HCMC For Trying To Ship Gun and Grenade In Guitar Case

Two local men were arrested last Tuesday after attempting to ship a rifle, grenade and 5 bullets to Hanoi in a guitar case. Surprisingly, neither of the men were Antonio Banderas.

Partner Content