Keppel Land opens retail mall in Ho Chi Minh City

PROPERTY developer Keppel Land has opened a retail mall in Saigon Centre in Ho Chi Minh City (HCMC), anchored by the city's first Takashimaya department store, it said in a press release on Monday.

It said that the mall forms part of Saigon Centre's Phase Two and its space has been fully committed, adding that Japanese retailer Takashimaya is leasing about 15,000 square metres of retail space for what it intends to be Takashimaya's flagship store in Vietnam.

Keppel Land said that Phase Two, which consists of 44,000 sq m of premium Grade A office space, 55,000 sq m of retail space spread across seven storeys and 195 luxury serviced apartments, will be "fully completed in end-2017".

The guest of honour at the retail mall's opening ceremony was Tran Vinh Tuyen, member of the party standing committee and vice-chairman of the people's committee of HCMC. Lee Boon Yang, chairman of Keppel Land's parent company Keppel Corp, also attended the ceremony.