Keppel Land pledges to upsize investments in Ho Chi Minh City

Trang Nguyen - May 13, 2019 | 09:00 AM GMT+7

TheLEADERKeppel Land is committed to furthering its investments in the southern commercial hub, paying attention to its smart property development.

Keppel Land pledges to upsize investments in Ho Chi Minh City
Keppel Land seeks to strengthen presence in Ho Chi Minh City

Linson Lim, president of Keppel Land Vietnam, noted that the company has faith in Vietnam’s long-term outlook and it seeks to continue strengthening its presence in the country, with a focus in Ho Chi Minh City, in the coming time.

In particular, Lim said that Keppel Land looks set to continue providing solutions to help facilitate the urbanisation progress in the city, while tapping in the development of complexes and multi-functional facilities in the area, Lim told the Investment Promotion Conference held recently in Ho Chi Minh City.

To realise these goals, the company has cooperated with Keppel Urban Solutions, an end-to-end master developer of urban developments under Keppel Corporation, to develop the 64-hectare Saigon Sports City township in Ho Chi Minh City’s District 2.

Integrated with advanced solutions to enable smart services like securities and access control and remote monitoring of smart infrastructure, the project will offer its residents a high-quality urban living with vibrant and healthy lifestyle upon completed.

Saigon Sports City is expected to become the model for urban developments in Vietnam, paving the way for transforming Ho Chi Minh City into a smart city.

According to Lim, thanks to its diverse capabilities, Keppel Corporation can support Vietnam and Ho Chi Minh City in this case to develop smart solutions to transform cities into smart ones. Some of them include access to innovative real estate solutions, to clean water and waste treatment system that is able to turn rubbish into electricity.

Keppel Land is developing a portfolio of 20 projects in Vietnam with a total registered investment capital of $3 billion.

The Singaporean developer has numerous projects in the east and south corridors of Ho Chi Minh City, consisting of Estella Heights, Palm City, Empire City and Riviera Point.

Last year, Keppel Land sold some 900 apartments in Ho Chi Minh City and completed the second phase of the Saigon Centre project as well as launching the retail podium Estella Place at Estella Heights.

Keppel Land, Lim said, will kick off the third phase of the Saigon Centre project, adding more retail and office space and a five-star hotel.

In order to fuel more smart property investment in the city, Lim called on the local authorities to carry on their support for foreign investors to reduce investment and operational risks via the issuance and implementation of transparent policies and procedures.

Such improvements will allow companies like Keppel Land to make investment decisions with confidence, and operate in a more efficient manner, said Lim.

Keppel Land is the property arm of Keppel Corporation, a Singapore-based multi-business company providing robust solutions for sustainable urbanisation, with key businesses in offshore and marine, property, infrastructure and investments.