Saigon One Tower
| Saigon One Tower | |
|---|---|
 | |
  Location within Vietnam | |
| General information | |
| Status | On hold |
| Type | Shopping Mall & Office & Apartment |
| Location | Ho Chi Minh City, Vietnam |
| Coordinates | 10°46′18″N 106°42′14″E / 10.7717°N 106.7040°ECoordinates: 10°46′18″N 106°42′14″E / 10.7717°N 106.7040°E |
| Construction started | 2007 |
| Estimated completion | 2021+ |
| Height | |
| Top floor | 195.3 m (641 ft) |
| Technical details | |
| Floor count | 41 |
| References | |
| [1] | |
Saigon One Tower, is an unfinished high-rise building located at 34A Ton Duc Thang Street, Ho Chi Minh City, Vietnam. The tower was invested by Saigon M&C and , totals approximately $228 million USD. The building was designed to be a 41-storey tower with three functions.
The tower covers 6,800 square metres (1.7 acres; 0.68 ha) of land, right on the bank of the Saigon River. The tower's construction started in 2007 and was expected to be completed in 2012. Saigon M&C would have become one of the highest priced real estate developments in Vietnam and was expected to be the second tallest building in Ho Chi Minh City after Bitexco Financial Tower.[citation needed] However, construction works has halted since 2011 with the building 80% complete. In 2017, outstanding debts of the developer totaling over VND 7,000 billion were sold to the Vietnam Asset Management Company for VND 680 billion (US$ 29 million). After defaulting on the debts, the building was seized by the Vietnam Asset Management Company and put up for auction.[2][3] The developers are on trial for falsifying documents which were used to secure the loans from Dong A Bank.[4]
According to city construction department, the Saigon One Tower and other stalled or delayed projects in the city are a result of the 2008 financial crash.[5]
See more[]
References[]
- ^ "Saigon One Tower". SkyscraperPage.
- ^ "High-profile real estate projects on sale in Ho Chi Minh City amidst COVID-19". Tuoi Tre News. 27 September 2020. Retrieved 6 May 2021.
- ^ "Debt firm auctions off seized high-rise in Saigon to clear $308mn bad loan". Tuoi Tre News. 30 March 2018. Retrieved 6 May 2021.
- ^ "Cao ốc bỏ hoang liên quan 'đại án' DAB như thế nào".
- ^ "HCMC to remove city center administrative roadblocks". SGGP English Edition. 29 September 2020. Retrieved 6 May 2021.
External links[]
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- Unfinished buildings and structures
- Skyscrapers in Ho Chi Minh City
- Skyscraper office buildings in Vietnam
- Residential skyscrapers
- Vietnamese building and structure stubs