On 7 May 2026, Celesta Gold, jointly developed by Keppel, Phu Long, and Nomura Real Estate Vietnam, the latest phase of CELESTA City, officially broke ground. The event marks a significant milestone for the real estate market in South Saigon.
Celesta Gold is being developed on a site of over 1.28 hectares, comprising a 25-storey development with 420 luxury residential apartments and a commercial podium including officetel units, shophouses and retail space. The project is planned in line with sustainable development standards and applies Singapore’s BCA Green Mark Gold certification. Located at Nguyen Huu Tho Avenue, Celesta Gold is expected to benefit from major infrastructure projects such as Ring Road 3, the Phu My 2 Bridge, the expansion of Nguyen Huu Tho Avenue, and Metro Line No. 4, thereby enhancing regional connectivity over the long term.
Artist’s impression of Celesta Gold.
Inspired by El Dorado, the legendary golden city of South America symbolising prosperity and abundance, Celesta Gold is envisioned to deliver a fulfilling, elevated, and value-rich living experience for future residents.
Celesta Gold is jointly developed by Keppel, Phu Long, and Nomura Real Estate Vietnam, all of which have established experience in real estate development in Vietnam and the region. This collaboration brings together international development expertise and local market insight, shaping a project aligned with sustainable development standards and the broader urban context of Vietnam.
As part of the groundbreaking ceremony, Coteccons was introduced as the project’s main construction contractor. Coteccons will be responsible for construction execution and quality management throughout the development process, ensuring compliance with technical requirements and safety standards.
Groundbreaking ceremony with representatives of Keppel, Phu Long, Nomura Real Estate Vietnam, and Coteccons.
Mr Alvin Lee, General Director of Nha Be Real Estate Joint Stock Company, the investor of Celesta Gold, said that the project reflects the long-term commitment of the partners in contributing to integrated urban developments aligned with Ho Chi Minh City’s sustainable infrastructure and urban development goals.
Mr Alvin Lee, General Director of Nha Be Real Estate Joint Stock Company, the investor of Celesta Gold, delivering a speech at the event.
The project is also consulted by other renowned consultants including AWP Architects (architecture), Ong & Ong Vietnam (interior design), and Belt Collins (landscape design).
With its location along a strategic growth corridor in Southern Saigon and a clearly defined planning orientation, Celesta Gold is expected to play a positive role in the overall development of the CELESTA City while contributing to Ho Chi Minh City’s sustainable urban growth.
Celesta Gold is expected to be handed over to customers in the fourth quarter of 2027.