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Thu Thiem New Urban Area

Keppel Land divested from The Metropole Thu Thiem project

After SonKim Land was selected for the developer of the Metropole Thu Thiem project in early this month, Keppel Land has sold two thirds of its shares in Quoc Loc Phat Joint Stock Company to recoup investment.

T&T Group rejected involvement in $321 million project in Thu Thiem as Keppel Land acted strangely

The major shareholder of Quoc Loc Phat Company, which is the owner of Song Viet complex in Thu Thiem urban area, HoChiMinh city has recently transferred most of the shares to another investor.

Hongkong Land cooperates with CII to develop US$400 million apartment project in Thu Thiem

Hongkong Land has surpassed many other foreign investors to become Ho Chi Minh City Infrastructure Investment JSC (CII)’s partner to develop a 1,140 apartment project.

Thu Thiem earmarked as HCMC's future central business district

Given the lack of supply and the increasing rents in the existing central business districts (CBD), JLL anticipates that large companies will start to consider Thu Thiem as a viable alternative for hiring their head offices.

Investor of the US$321,7 million project at Thu Thiem New Urban Area exposed

Quoc Loc Phat Joint Stock Company was selected as the investor of Song Viet complex with the total investment of VND7,300 billion (equivalent to US$321,7 million) and area of 75,965 square.

US$883 million Eco Smart City Project entered into contract

The People's Committee of Ho Chi Minh City (HCMC) and Korean-based Lotte Group entered into a contract on implementation of Eco Smart City project in Thu Thiem New Urban Area, district 2, HCMC. The project has the total estimated investment capital of VND20,100 billion (equivalent to US$883 million) with a construction period of 72 months.

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