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for VND 680 billion (US$ 29 million). After defaulting on the debts, the building was seized by
Vietnam Asset Management and put up for auction. The developers are on trial for falsifying documents that were used to secure the loans from Dong A Bank.
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In 2021, the tower was acquired by Viva Land and renamed IFC One Saigon and is currently under construction as a mixed-used development. The building will contain offices, residential apartments, and retail outlets.
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According to the city's construction department, Saigon One Tower and other stalled or delayed projects in the city are a result of the
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Glass installation has been completed. As of 2 September 2022, remaining construction is pending government inspection.
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The tower covers 6,800 square metres (1.7 acres; 0.68 ha) of land on the bank of the
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433:"High-profile real estate projects on sale in Ho Chi Minh City amidst COVID-19"
459:"Debt firm auctions off seized high-rise in Saigon to clear $ 308mn bad loan"
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525:"Saigon's Infamous 'Ghost Tower' Has a New Developer | Saigoneer"
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This article about a
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499:"HCMC to remove city center administrative roadblocks"
485:"Cao ốc bỏ hoang liên quan 'đại án' DAB như thế nào"
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109:Learn how and when to remove this message
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691:Skyscraper office buildings in Vietnam
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298:RSP Architects Planners and Engineers
16:Highrise in Ho Chi Minh City, Vietnam
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393:List of tallest buildings in Vietnam
47:adding citations to reliable sources
681:Unfinished buildings and structures
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160:Location within Vietnam
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503:SGGP English Edition
377:2008 financial crash
334:Saigon M&C Tower
248:Estimated completion
240:Construction started
224:10.7717°N 106.7040°E
43:improve this article
505:. 29 September 2020
439:. 27 September 2020
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215:106°42′14″E
202:Coordinates
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399:References
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212:10°46′18″N
69:newspapers
586:31 August
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342:high-rise
314:Coteccons
306:Viva Land
303:Developer
269:Top floor
259:Viva Land
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190:Location
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