Mapletree officially opens US$100m Ho Chi Minh mall

Singapore

MAKING further inroads into the integrated development space in Asia, Mapletree Investments officially opened the mall component of the first mixed-use project it is building in Vietnam on Sunday.

The 62,000 sq m SC VivoCity mall, aimed at capitalising on the ongoing liberalisation of the Vietnamese economy, is part of the 4.4 hectare Saigon South Place development in Ho Chi Minh City's District 7.

Mapletree did not specify investment figures in its press release on Sunday, but a statement the group made in 2012 put the mall's investment value at around US$100 m…