Construction officially begins on Celesta Gold

On May 7, 2026, Celesta Gold—a project developed by Keppel, Phu Long, and Nomura Real Estate Vietnam, and the latest phase of the CELESTA urban township—officially commenced construction, marking a significant milestone for the residential real estate market in South Saigon.

Developed on a land plot exceeding 1.28 hectares, Celesta Gold comprises a 25-story tower offering 420 high-end apartments, alongside a commercial podium that includes officetel units and retail spaces. The project adheres to sustainable development standards, having secured the BCA Green Mark Gold certification from Singapore. Situated along the Nguyen Huu Tho thoroughfare, Celesta Gold is expected to benefit from key infrastructure developments—such as Ring Road 3, the Phu My 2 Bridge, the expansion of Nguyen Huu Tho Road, and Metro Line 4—which will enhance regional connectivity in the long term. Perspective view of the Celesta Gold project on Nguyen Huu Tho Street.

Inspired by El Dorado—the legendary city of gold in South America, which symbolizes prosperity and abundance—the project promises to offer a fulfilling, flourishing, and highly rewarding living experience for its future residents.

Celesta Gold is developed by Keppel, Phu Long, and Nomura Real Estate Vietnam—corporations with extensive experience in real estate development both in Vietnam and across the region. This partnership combines international development expertise with a deep understanding of the local market, ensuring the project adheres to sustainable development standards while remaining well-suited to the urban landscape of Vietnam.

During the groundbreaking ceremony, Coteccons was introduced as the general contractor for the project. In this capacity, Coteccons will oversee construction and quality management throughout the project’s execution, ensuring full compliance with technical requirements and established safety standards.

The project groundbreaking ceremony was attended by representatives from Keppel, Phu Long, Nomura Real Estate Vietnam, and Coteccons.

Speaking at the groundbreaking ceremony, Mr. Alvin Lee, General Director of Nha Be Real Estate Joint Stock Company—the project developer—stated that Celesta Gold reflects the long-term commitment of the involved parties to contributing to the creation of well-integrated urban areas, in alignment with Ho Chi Minh City’s vision for sustainable infrastructure and urban development.

Mr. Alvin Lee, Investor Representative spoke at the event.

The project also benefits from the expertise of consulting firms including AWP Architects (architecture), Ong & Ong Vietnam (interior design), and Belt Collins (landscape design).

Strategically located along the key development corridor of South Saigon—supported by a clear master plan—Celesta Gold will play an active role in the overall development of the CELESTA urban area, while contributing to the sustainable urban growth of Ho Chi Minh City.

Celesta Gold is scheduled for handover to customers in the fourth quarter of 2027.