Keppel’s Saigon Centre Phase 3: A New Milestone in Vietnam’s Urban Development
Investment Registration Certificate Awarded
At the recent Vietnam-Singapore Connectivity Ministerial Meeting held in Hanoi on October 10, the Real Estate Division of Keppel officially received the investment registration certificate for Phase 3 of its flagship mixed-use development, Saigon Centre. This significant moment was witnessed by key figures including Nguyen Van Thang, Vietnam’s Minister of Finance, and Dr. Tan See Leng, Singapore’s Minister-in-Charge of Energy and Science and Technology.
The award of the certificate marks a pivotal step forward for the project, underscoring the collaborative relationship between the two nations and Keppel’s commitment to the development landscape in Vietnam.
The Objective of the Connectivity Ministerial Meeting
The Vietnam-Singapore Connectivity Ministerial Meeting serves as a vital economic platform designed to foster cooperation between the two countries. Established under the Singapore-Vietnam Connectivity Framework Agreement, the meeting emphasizes collaboration in essential sectors such as energy, sustainability, connectivity, and innovation.
Keppel’s Long-standing Commitment to Vietnam
Joseph Low, President (Vietnam) of Keppel Real Estate, expressed gratitude for the unwavering trust and support from Vietnamese authorities. This backing has been instrumental in pushing forward the development of Saigon Centre, a landmark in Ho Chi Minh City.
Low articulated Keppel’s dedication not only as a real estate developer but also as a global asset manager with a strong focus on sustainability solutions. He emphasized Keppel’s mission to contribute to Vietnam’s ongoing development by investing in infrastructure, real estate, and other projects that create enduring value for the community.
Saigon Centre: A Hub of Activity
Strategically located in the bustling heart of Ho Chi Minh City, Saigon Centre is fronted by prominent streets including Le Loi, Nam Ky Khoi Nghia, Huynh Thuc Khang, and Pasteur. This mixed-use development weaves together retail, office, and hospitality spaces, forming a vibrant ecosystem that caters to a diverse clientele.
The initial phases of the project have already established Saigon Centre as a premium commercial hub, attracting a varied range of tenants and customers. The successful integration of these spaces has laid a solid foundation for the upcoming phase.
Envisioning a Sustainable Future
Phase 3 of Saigon Centre is poised to be a premier green development. This innovative phase will offer high-quality office, retail, and hospitality spaces that are designed with sustainability and community at their core. The project aims not only to enhance the vibrancy of Ho Chi Minh City’s urban environment but also to further cement Keppel’s long-term commitment to sustainable practices.
Keppel’s Role in Urban Transformation
Having been present in Vietnam for over three decades, Keppel stands as one of the largest foreign real estate investors in the country. The firm has played an instrumental role in the urban transformation of Vietnam through a series of high-quality, sustainable developments.
From its inception, Keppel’s projects have significantly contributed to Vietnam’s growth story, illustrating the harmonious blend of modernity with local culture and community needs.
Phases 1 and 2 of Saigon Centre have effectively established a benchmark for commercial real estate in the region, and the anticipation for Phase 3 reflects the ongoing demand for innovative and sustainable urban solutions.
Through its commitment to Vietnam’s advancement, Keppel not only addresses the needs of the market but also actively participates in shaping the future of urban life in one of Southeast Asia’s most dynamic cities.