Progress of the office building in the Grand Marina complex
Located in the master plan of the Grand Marina complex, The Sun Tower, scheduled to be completed in 2023, will be one of the largest commercial and office buildings in Ho Chi Minh City.
The Sun Tower is located on the banks of the Saigon River, at the corner of Ton Duc Thang and Nguyen Huu Canh streets, directly connected to Ba Son train station. The project started in May and completed in 2023. Currently, the construction activities of The Sun Tower started to be implemented under the management and construction supervision of Mace – the unit associated with the projects. , iconic buildings such as The Shard (London, UK), Jumeirah Beach Residence (Dubai, UAE) and Landmark 81 (HCMC, Vietnam).
|Sun Tower is under construction, located in the Grand Marina complex.|
According to Masterise Homes, the developer of this complex, The Sun Tower has a total floor area of 106,000 square meters, including Grade A office space and high-end commercial space. When completed, this will be one of the largest commercial and office buildings in Ho Chi Minh City.
According to JLL Vietnam, by the end of the first quarter, the total area of Grade A office space is quite limited, nearly 300,000 m2, accounting for about 11% of the total supply of office space in Ho Chi Minh City. Meanwhile, Grade A occupancy rate is at 87.6%. This shows that the demand for high-end offices in the economic center city of the country is quite large.
|The chart shows the total supply of office space in Ho Chi Minh City. Source: JLL Vietnam.|
For many years, due to limited central land, the HCMC market has few large-scale Grade A office buildings in District 1. Therefore, The Sun Tower is expected to be welcomed by the market, especially with its advantage. directly connected to the metro line via Ba Son station, adjacent to the project, next to the Saigon River. According to the plan, 2/5 entrances to Ba Son Station are located within the Grand Marina complex. Ba Son Station is expected to be completed quickly by the end of May and is ready to take the first metro train to run in July.
With a prime location and convenient traffic connection, The Sun Tower is expected to become a convergence of multinational companies and leading corporations, which is the right model for high-end modern office projects. in Viet Nam. The Sun Tower also aims to achieve LEED Gold certification (certificate of green building by the US Green Building Council – U.S Green Building Council).
|Perspective of The Sun Tower on the Saigon River.|
In addition to the office space, The Sun Tower also owns nearly 20,000 square meters of high-end commercial area with luxury shopping, entertainment and dining facilities, serving office blocks as well as luxury apartment residents. by Grand Marina.
The combination of The Sun Tower, 8 branded apartment towers, a marina and an area of historical and cultural imprint promises to make Grand Marina a new square of Ho Chi Minh City, the epicenter economy and culture of the city.