Saigon One Tower

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Saigon One Tower
Saigon M&C.JPG
Saigon One Tower is located in Vietnam
Saigon One Tower
Location within Vietnam
General information
Status On hold
Type Shopping Mall & Office & Apartment
Location Ho Chi Minh City, Vietnam
Coordinates 10°46′18″N 106°42′14″E / 10.7717°N 106.7040°E / 10.7717; 106.7040Coordinates: 10°46′18″N 106°42′14″E / 10.7717°N 106.7040°E / 10.7717; 106.7040
Construction started 2007
Estimated completion 2018+
Top floor 195.3 m (641 ft)
Technical details
Floor count 41
Floor area 6,800 m2 (73,000 sq ft)

Saigon One Tower, is a high-rise building under construction located at 34A Ton Duc Thang Street, Ho Chi Minh City, Vietnam. This tower is invested by Saigon M&C and Dong A bank, totals approximately $228 million USD. The building will be a 41-storey tower with three functions.

The tower covers 6,800 square metres (1.7 acres; 0.68 ha) of land, right on the bank of Saigon River. The tower's construction started in 2007 and was expected to be completed in 2012.[citation needed] When completed, Saigon M&C will become one of the highest priced real estate developments in Vietnam and the second tallest building in Ho Chi Minh City after Bitexco Financial Tower.

As of November 2012, construction on Saigon One Tower has halted.[2]

Office and retail supermarket in Vietnam[edit]

Saigon M&C as of June 8, 2010

During 2000-2007, Vietnam achieved an economic growth of 8-8.5%, leading to the increasing demand of office and shopping spaces in big cities like Ho Chi Minh City, Hanoi, Danang, Haiphong. Land and housing prices in these cities are disproportionate to the GDP per capita in the country.

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