Construction Begins on New Downtown Saigon Skyscraper

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December 21, 2015

Earlier this month, developers broke ground on the Saigon Me Linh Tower, adding yet another skyscraper to District 1's riverside Me Linh roundabout.

Sabeco Pearl Joint Stock Investment Company, the project's principal investor, began work on the 39-story mixed-use facility on December 5 in cooperation with local developer Novaland, reports REIC.

Though the skyscraper was originally designed in 2008 and the plot of land at 2-4-6 Hai Ba Trung has been fenced off for months, things are finally getting under way. The project was previously caught up in red tape, as the city government had denied Sabeco, the Vietnamese beverage giant, and its investors the ability to do business outside its field, however things seem to have been ironed out, as the principal investor in the new structure still has Sabeco in its name.

Once complete, the diamond-shaped Saigon Me Linh Tower will house restaurants, apartments, office space, a shopping center and a hotel. The end result will cover 2,520 square meters.