Sai Gon Times Square

Saigon is the former name of HoChiMinh City, Vietnam. It used to be called Far-east Jade. By studying the history of Saigon, foreigners can discover different waves of foreign traders from India, China and other Southeast Asia as well as Japan traveled by ships to Vietnam. Foreign merchants had also established their representative offices in Saigon and other cities in North and Center of Vietnam. Seaports at coastal cities had more favorable conditions for foreign merchants and traders to do business with Vietnamese people for hundreds of years or longer.

In the middle of 1990s, Vietnam has accelerated the new economic development reforms to establish new bilateral trade relationships with U.S. and other western countries where foreign investors and companies desired to trade with Vietnamese partners. The current fast-growing economy and urbanization speed have attracted more new investment capital on real estate, construction and infrastructural projects in most large cities. Saigon or HoChiMinh City is one of the top choices of foreign direct investment inflows.

Land prices have gone up in recent years to cause more difficulty for real estate investors and city developers to choose best locations serving business office and financial service demands in the downtown area of the city. The corner of Nguyen Hue Boulevard and Dong Khoi Street is considered the top-ranking and expensive lands. Saigon Times Square is chosen in the corner, facing to The municipal Opera Theater and Continental Hotel. The project has three towers, including two 36-story towers and one 43-story tower. The primary investor, Times Square Investment Joint Sotck Company, Vietnam, with the original capital of $125 million. The highest top is about 163.5 meter, considered the third tallest building in the city after its completion. The other highest buildings are M&C Plaze and Bitexco Financial Tower.