COTECCONS BREAKS GROUND ON CELESTA GOLD PROJECT: A STRONG “REPEAT SALES” MILESTONE WITH INTERNATIONAL PARTNERS

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On the morning of May 7, 2026, the Celesta Gold Project was officially launched with a groundbreaking ceremony along Nguyen Huu Tho Avenue, a strategic growth corridor in Ho Chi Minh City. The ceremony was held in a formal setting with the attendance of Mr. Vo Hoang Lam, CEO of Coteccons BU1, together with representatives of the project developers and business partners.

Appointed as the main construction contractor for a contract package valued at over VND 1 trillion, the event not only marked the commencement of a new premium residential development in Southern Saigon, but also reaffirmed Coteccons’ proven execution capability in the high‑end real estate segment. At the same time, it highlighted the tangible effectiveness of Coteccons’ “repeat sales” strategy, as international developers continue to entrust the company with large‑scale projects.

Representatives of the Developer and Coteccons, the main contractor, performed the groundbreaking ceremony.

Celesta Gold, jointly developed by Keppel, Phu Long, and Nomura Real Estate Vietnam, is built on a land area of more than 1.28 hectares, comprising a 25‑storey development with one basement level. The project is designed to deliver 420 luxury residential apartments, complemented by a commercial podium including officetel units and retail space. Oriented toward sustainable development, Celesta Gold applies Singapore’s BCA Green Mark Gold certification and is scheduled for completion within 19 months.

Celesta Gold’s perspective rendering on Nguyen Huu Tho Street

The successful award of Celesta Gold holds significant strategic importance, marking the second consecutive “repeat sale” project that Keppel (Singapore) has entrusted to Coteccons in Ho Chi Minh City, following the successful delivery of The Infiniti project. Commenting on this continued partnership, Mr. Alvin Lee, Director of Technical Services, Keppel Vietnam and General Director of Nha Be Investment Joint Stock Company, shared at the event:
“The decision to appoint Coteccons as the main contractor reflects the strong commitment of all parties to quality, safety, and construction progress for the project.”

The developer and the contractor are united in their commitment to deliver the project on schedule, with the highest standards of safety and quality.

The continued confidence demonstrated by international developers—well known for their stringent standards—stands as the clearest testament to Coteccons’ outstanding construction capabilities. Through this trust, Coteccons further reinforces its position not merely as a construction partner, but as a reliable long‑term collaborator, sharing a common vision with developers to deliver projects that create sustainable value over time.

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