The joint venture between Singapore’s Mapletree Investments and Viet Nam’s Saigon Co.op on March 25 unveiled the design for its grade A office twin towers, V Plaza, and officially inaugurated Oakwood Residence Saigon serviced apartment tower.
Singapore Deputy Prime Minister Teo Chee Hean and chairman of the city People’s Committee, Nguyen Thanh Phong attended the event.
V Plaza is the final development in the 4.4-ha Saigon South Place, which also comprises SC VivoCity, Mapletree Business Centre, RichLane Residences, and Oakwood Residence Saigon. It will have 66,000sq.m net lettable area, more than double the size of the Mapletree Business Centre.
Speaking at the opening, Edmund Cheng, chairman of Mapletree, said: “When completed in 2023, V Plaza will realize our transformation of a greenfield plot into a mixed-used integrated development.
“The twin office towers are set to be the largest office complex in District 7 and highly touted to attract multinational and Vietnamese corporations in e-commerce, IT, banking and financial services, and manufacturing.”
The 30-storey Oakwood Residence Saigon has 237 serviced apartments ranging in size from studio to three-bedroom units, and facilities such as a meeting room, restaurants, fitness centre, swimming pool, and children’s playground.
Cheng said, “Having successfully transformed the HarbourFront and Alexandra precincts in Singapore, Mapletree brought its expertise to HCM City and created a ‘work, live and play’ environment at Saigon South Place.”
Nguyen Anh Duc, permanent deputy chairman of Saigon Co.op, said: “Seven years ago Saigon Co.op Investment Development JSC and Mapletree broke ground for SC Vivo City mall. It had occupancy of above 95 per cent in its third year of operation in 2018 and the football at the shopping mall is also increasing annually.
“We look forward to scaling greater heights with Mapletree on the completion of V Plaza.” — VNS