The most visible new structure in Thu Thiem will be the part of the 14.5 hectare Empire City Project which was recently approved. The project will be developed by a joint venture between Tien Phuoc JSC., Tran Thai Co. Ltd., Denver Power Ltd (UK) and GAW Capital Partners. It will be located directly opposite the existing HCMC downtown area and will feature an 88 storey structure names Empire City 88 Tower, one of the tallest in South East Asia, in addition to a high-end shopping mall, a 5-star hotel, offices, serviced apartments and underground parking
As HCMC continues to expand, the development of Thu Thiem will offer significant opportunities in construction and real estate and as a location for business growth. However, the pace of development to date has not met expectations, mainly due to infrastructure and high land prices. This report examines the opportunities that Thu Thiem will offer as well as the challenges that it must overcome in order to establish itself as the new centre of HCMC.
- Linden Residences (520 apartments)
- Tilia Residences (472 apartments)
- Cove Residences (136 apartments)
- Narra Residences (500 apartments)
- Others (to be continued)