Keppel Corp. broke ground Friday on its Saigon Sports City project, a 64-hectare site to be developed into a township in Ho Chi Minh City’s district 2, the company said in a filing to SGX.
“Leveraging the Keppel Group’s capabilities in providing solutions for sustainable urbanisation, Keppel Land and Keppel Urban Solutions are collaborating for the masterplanning and development of Saigon Sports City,” Loh Chin Hua, CEO of Keppel Corp., said in the statement.
The project will include 4,300 homes in a sports, entertainment and lifestyle hub, Keppel said.
“Biophilic design principles will be adopted in Saigon Sports City, including natural cross-ventilation throughout the development, generous space between buildings for natural light, a contiguous fitness circuit, lush landscaping with locally-sourced flora and picturesque water features with natural filtration, to create a green and beautiful environment,” Keppel said.
The project will also include “smart” features for security, mobility and environmental infrastructure, the filing said.
At the groudbreaking ceremony, Keppel Land also presented a contribution of 100 billion Vietnamese dong, or around S$5.8 million, to support infrastructure development in the district, the filing said.