Ground broken on October 2 at Empire City project in District 2.
Empire City held a breaking ground ceremony for its Observation Complex in Ho Chi Minh City’s District 2 on October 2.
The project is located on an area of 14.5 ha in the Thu Thiem New Urban Area and has investment capital of $1.2 billion. Completion is expected in 2022.
The project comprises a luxury shopping mall, a five-star hotel, office space for lease, apartments for sale, serviced apartments, an underground car park and, in particular, an 86-storey observation tower - the highlight of the project.
Empire City is a joint venture between two Vietnamese partners, the Tien Phuoc Real Estate JSC and the Tran Thai Real Estate Company, and the UK’s Denver Power Ltd under Gaw Capital Partners.
The Thu Thiem New Urban Area is located to the east of the Saigon River, opposite District 1, on a total area of 657 ha. It is to be a new modern central district, enlarging the existing center of Ho Chi Minh City. The City’s People’s Committee continues to call for other investors to develop projects in the urban area.
A number of projects are already underway, such as the central square and riverside park, which started in February 2014, Thu Thiem 2 Bridge, which started in February this year, technical infrastructure in the northern residential quarter, and a north-south road.