Singapore’s Keppel to sell $300M stake in Saigon Sports City

Its subsidiary, Jencity, will sell 35% each to HTV Dai Phuoc and Vinobly Investment Real Estate and retain the remaining 30%.

The 64-hectare development, part of the Rach Chiec Sports Complex, will have high-end residential areas, commercial and service zones and sports facilities when completed.

Its construction began at the end of 2019, but little has been completed since.

Singapore-headquartered Keppel has been in Vietnam since the early 1990s, and become one of the leading foreign property developers.