{"id":23591,"date":"2016-08-22T15:21:54","date_gmt":"2016-08-22T08:21:54","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-this-american-led-development-too-tall-for-vietnam\/"},"modified":"2016-08-22T15:22:38","modified_gmt":"2016-08-22T08:22:38","slug":"is-this-american-led-development-too-tall-for-vietnam","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-this-american-led-development-too-tall-for-vietnam\/","title":{"rendered":"Is this American-led development too tall for Vietnam?"},"content":{"rendered":"


\nOne of the biggest American-led property investments in Vietnam may not square with zoning plans
\nView at old Thu Thiem harbour. Image credit: Le Tu \/ Shutterstock.com
\nAn office building proposed by a group of American investors may be too tall for a new business district in Ho Chi Minh City.
\nThis is one of several findings by the Thu Thiem Urban Area Management Board in a review of designs for a USD4-billion project in the city\u2019s Thu Thiem New Urban Area.
\nAt 70 floors, the proposed tower has been found inconsistent with the scale-1\/2000 zoning plan for Functional Section No. 1. One of eight \u201cfunctional areas\u201d in the district, Functional Section No. 1 limits buildings to a maximum of 50 floors.
\nThe board is also concerned that the office block will be the only financial component in the 11-hectare project, which has allotted ten land plots for resort and restaurant developments. This marks a disconnect with plans for the section to be a high-density district for financial, banking and exhibition services.
\nThe Ho Chi Minh City People\u2019s Committee is likely to stand firm on previously approved zoning plans for the area, which means the Prime Minister will likely make the final decision, the VietnamNet Bridge reports.
\nMore: Property is the second most attractive sector for Vietnam FDI
\nOne of the biggest American-led investment projects in Vietnam, the project is backed by a group of investors that include Las Vegas-based architectural firm Steelman Partners, New York City-based financial services firm Cantor Fitzgerald, and local property developer Imex Pan Pacific Group. Weidner Holdings, the company led by former Las Vegas Sands president and chief operating officer William Weidner, is also on board.
\nThe project has attracted so much attention over recent months that Las Vegas Sands chief executive Sheldon Adelson deployed a team to investigate, Forbes reports.
\nLocated on the east bank of the Saigon River, the Thu Thiem New Urban Area will sprawl for 657 hectares and is envisioned to be the city\u2019s focal point. On top of the financial section, the urban area will be divided into sections for commercial, residential, sporting and entertaining facilities; residences; public works; software outsourcing and hospitals; high-rise buildings and hotels; and biodiversity development.
\nRead next: Vietnam\u2019s real estate dragon ascends
\n
\nSource : property-report.com
\nRead more…Is this American-led development too tall for Vietnam?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

One of the biggest American-led property investments in Vietnam may not square with zoning plans...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-23591","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-68v","jetpack-related-posts":[{"id":95769,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/a-tropical-metropolis-poses-a-puzzle-for-vietnamese-planners\/","url_meta":{"origin":23591,"position":0},"title":"A tropical metropolis poses a puzzle for Vietnamese planners","date":"August 10, 2018","format":false,"excerpt":"\r Ho Chi Minh City\u2019s Thu Thiem peninsula wows developers but expelled residents feel wronged\r \r Source : ft.com\r Read more...A tropical metropolis poses a puzzle for Vietnamese planners","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":21955,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-is-the-second-most-attractive-sector-for-vietnam-fdi\/","url_meta":{"origin":23591,"position":1},"title":"Property is the second most attractive sector for Vietnam FDI","date":"August 4, 2016","format":false,"excerpt":"\r A \u2018Singaporean phenomenon\u2019 is driving massive FDI into Vietnam now Looking to the future in Ho Chi Minh City. Image credit: manhhai (Flickr) Massive amounts of foreign capital continue to spill into Vietnam\u2019s property sector, stemming from more aggressive inflows from Singaporean and other Asian investors than usual. Real\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":97018,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitaland-buys-landed-housing-site-in-vietnam-for-s81-4mil\/","url_meta":{"origin":23591,"position":2},"title":"CapitaLand buys landed housing site in Vietnam for S$81.4mil","date":"August 31, 2018","format":false,"excerpt":"\r CapitaLand is buying a prime site in Ho Chi Minh City for VND1,380 billion (approx. S$81.4 million), with the 60,000 sq m land parcel expected to contain over 100 landed housing when the development is completed by 2021. This marks the Singapore-listed property developer\u2019s third acquisition in August 2018\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12656,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/vietnams-lack-of-iconic-buildings-is-about-to-change-says-design-expert\/","url_meta":{"origin":23591,"position":3},"title":"Vietnam\u2019s lack of iconic buildings is about to change, says design expert","date":"May 11, 2016","format":false,"excerpt":"\r Bertil De Kleynen of Atkins Asia Pacific is \u201cfuture proofing\u201d the country\u2019s urban skyline As we countdown to the Property Report Congress Vietnam 2016, we\u2019ll get to know the experts who will speak on 10 June at the InterContinental Asiana Saigon As director of architecture and landscape at Atkins\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7186,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-chinas-new-urban-playbook-creates-business-opportunities-for-international-architects\/","url_meta":{"origin":23591,"position":4},"title":"Why China\u2019s new urban playbook creates business opportunities for international architects","date":"March 8, 2016","format":false,"excerpt":"\r China\u2019s move to build \u201cfunctional\u201d, \u201ceconomical\u201d and \u201c sustainable\u201d cities will offer big business opportunities to international architectural firms who can provide professional knowledge and advice on urban planning to local authorities, says architectural firm Aedas ch\r \r Source : South China Morning Post\r Read more...Why China\u2019s new urban\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5474,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sorry-no-more-strange-buildings-in-china\/","url_meta":{"origin":23591,"position":5},"title":"Sorry, no more strange buildings in China","date":"February 23, 2016","format":false,"excerpt":"\r Odd-shaped buildings are now banned \u201cBig Trousers\u201d, as the CCTV headquarters is nicknamed, may be among the last of strange-looking towers in Chinese cities (Photo by Philippe Ruault) China has been known to produce a significant number of tall towers in the last few years, including some of the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/23591"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=23591"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/23591\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=23591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=23591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=23591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}