Keppel Land, one of the leading real estate developers from Singapore, has decided to postpone the starting date of the construction of its $500 million landmark Saigon Sports City to the third quarter of 2021 due to the impact of COVID-19.
At the ground-breaking ceremony of Saigon Sports City held in November 2019, Keppel Land’s leaders said that it would start construction of the Saigon Sports City project by the second quarter of 2020 and the whole project would be finished by 2027.
Keppel Land postpones the construction of its $500 million Saigon Sports City
Located on a 64-hectare site, this project will be developed into a smart, integrated township in An Phu commune of District 2 of Ho Chi Minh City.
When completed, Saigon Sports City will feature about 4,300 premium homes as well as Vietnam’s one-stop sports, entertainment, and lifestyle hub.
Biophilic design principles will be adopted in Saigon Sports City, including natural cross-ventilation throughout the development, generous space between buildings for natural light, a contiguous fitness circuit, lush landscaping with locally-sourced flora and picturesque water features with natural filtration, to create a green and beautiful environment.
Keppel will also work with best-in-class local and international partners to offer innovative urban solutions including smart security, smart mobility, and environmental infrastructure solutions, among others. The first phase of Saigon Sports City will comprise of residential and commercial spaces as well as sports facilities.
It will be divided into two precincts. The first precinct will be located on a 26ha developed with a sports complex, training facilities, an international-standard sports competition centre, a sports academy, and gardens. This also includes a 10,000-seat football stadium, large scale swimming pool, schools system, trading centre, and administrative centre.
The second precinct will be on 38ha and developed with trading and services centres, high-end apartment buildings, offices for lease, an exhibition centre, and other public facilities. This will also consist of hotels and serviced apartments for lease which can serve 5,000 leasers and public facilities can contain 12,000 residents.
Source: VIR.