Apr 28, 2012

Mapletree Phu My Hung

I'm taking a guess that this is the site of the announced mega shopping center costing $100 million which is being erected in District 7, Nguyen Van Linh bouelvard. This is the site of the old 'Wonderland' between Huong Vuong apartments and the golf course, opposite the Cresent Mall.

New megastore?


The shopping complex, covering over 42,000 square meters, will get off ground this year for completion after 18 months to two years of construction, said Hoa. The project will include a seven-story shopping mall with more than 70,000 square meters of floor space and a 20-story office building with more than 100,000 square meters, Hoa said, adding the shopping complex would meet standards for a modern shopping mall in the world.The forthcoming shopping center will also serve as a destination for relaxation and entertainment, and is one of the largest projects undertaken by SCID, Hoa said.
http://www.vca.org.vn/Default.aspx?tabid=163&CategoryID=19&News=2159

http://english.thesaigontimes.vn/Home/business/property/22464/

I may of course be wrong, but something is going up here and this is the only prime piece of land left in Phu My Hung to be developed.

That's what we need, ANOTHER shopping center, ANOTHER supermarket, ANOTHER cineplex....

8 comments:

Binh Dong said...

No, this project is Happy Valley, which is conducted by Phu My Hung.

The mall you said is SC Vivo City, it is located near Nguyen Huu Tho - Nguyen Van Linh intersection.

Joe Piechura said...

How about they try to sell all of the units in the existing shopping centres first? I can't believe they're building a new Vincom. I've been there twice in nearly 2 years, and both times, there were massive sections of it not being rented. I can only assume it's more about the real estate investment rather than actually running a profitable mall?

Binh Dong said...

There will be some high-rise apartments at that site, not a mall.

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Anonymous said...

Yes as Binh Dong mentioned the project you linked is Vivo City, a joint venture with Saigon co op. The plot of land next to Sky garden.

Jon Hoff said...

@Binh Dong @newsaigon - yeah thanks for clarifying guys...I did see the huge boards around the SC VIVO CITY site the other day....

Binh Dong said...

@Jon Hoff: Are you living in PMH now? I saw your many interesting updated pictures in PMH and Nha Be new town. You can also update in central area, many nice projects there. :D

Unknown said...

Everyone has given good response and as a my opinion there will be a big play ground for kids, so they can improve them playing skill.

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