SATRA gets construction underway on site in the heart of HCMC.
The Saigon Trading Group (SATRA) held a breaking ground ceremony on January 29 for the Satra Tax Plaza in District 1, Ho Chi Minh City.
According to Deputy General Director of Satra, Tran Van Bac, the Ho Chi Minh City People’s Committee assigned the group to build the 40-storey multi-function complex on the site of the old Saigon Tax Trade Center, retaining the façade. The new complex includes two basements for shops, supermarkets, and entertainment centers, with connection to a station on the Ben Thanh - Suoi Tien urban railway line, four parking basements, office space, hotels, and a heliport on the roof.
Satra has selected a number of international consultants and a chief designer from the US.
The building meets all requirements in terms of aesthetics and functionality and is in harmony with the old architecture of other buildings in the area, such as the People’s Committee, the Rex Hotel, and the Opera House.
Built in the early 20th century, the Saigon Tax Trade Center was a long-standing and renowned commercial center in the heart of District 1. Originally called Les Grands Magazins Charner, it bears all the characteristics of colonial French architecture like those found in such constructions as Ben Thanh Market, Notre Dame Cathedral, the Central Post Office, the Opera House, Reunification Palace, and Ho Chi Minh City People’s Committee.
In September 2014 the building was handed over for the construction of the railway station, with SATRA given permission to build a 40-storey complex with a shopping mall, offices, exhibition space, conference rooms, and underground parking.