OPTIMISTS STEP UP FOR SAIGON SOUTH

Optimism has been expressed in the Saigon South urban expansion zone projected by its investor, the Phu My Hung Corporation.
The corporation, a joint venture between the Central Trading & Development Group from Taiwan and the Ho Chi Minh City’s Tan Thuan Industrial Development Corporation, aims to develop 3,300 hectares area in District 7, south of Ho Chi Minh City.
It envisions developing a new city centre that would be an appropriate answer to the city’s growth in relation to transport and environmental issues.
The carefully planned urban development features world class infrastructure and education and health facilities in a clean, harmonious environment.
The master plan for the project received the Best Urban Design Award from the America Institute of Architects in 1997.
Officials from the corporation maintained that Saigon South’s strategic location combined with the authorities’ commitment to expand the city to the south, created an attractive set of conditions for Vietnamese and foreign investors.
A one-stop service with the Management Authority for Saigon South Development, fully transferred land-use rights, mortgages for housing and apartment purchases were among the incentives.
The new city centre has so far seen rapid progress, with tower blocks including the Southern Cross apartments and the Park Central building. It also plays host to the Taipei, Japanese and the Korean Schools.
The Royal Melbourne Institute of Technology is investing in a higher education project and a plan for a full international standard 200-bed hospital is to commence in March 2001 for a targeted opening early in 2002.
Apartment complexes include My Canh, My An, completed in 1998 and 1999, and My Hung Villas. Nam Thien & Nam Long land parcel projects, Phu Gia 99 luxury villas and the Hung Vuong are also on the drawing board.
In term of leisure facilities, the new city centre offers amusement facilities in Saigon Wonderland. There is also roller-skating at the San Patin, golf at the nine-hole Saigon South Executive Golf Course, tennis courts and a swimming pool.

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