Soilbuild extends horizons into Vietnam’s industrial real estate

May 10th at 10:35
10-05-2024 10:35:26+07:00

Soilbuild extends horizons into Vietnam’s industrial real estate

Soilbuild Group Holdings, an integrated real estate group in Singapore, has broadened its investment in the industrial real estate segment in Vietnam through its Soilbuild International division.


The official launch of Soilbuild International (Vietnam) took place in Hanoi on May 9, engaging esteemed guests, including domestic and international partners.

Soilbuild has an extensive track record of close to 50 years in constructing, developing and managing a diverse portfolio of residential and industrial real estate in Singapore.

The launch of Soilbuild International in Vietnam represents a major milestone for Soilbuild as it seeks to leverage on its in-depth experience in the industrial segment to fulfill the real estate needs of the industrialists in the local market.

During the event, Soilbuild unveiled its development plans for ready built factory facilities under the brand, Spectrum, and showcased its first project, Spectrum Nghe An.

The ceremony also featured several upcoming projects planned for development in key economic areas of northern Vietnam.

Spectrum Nghe An will feature ready-built factories ranging from 3,200sq.m to 14,000sq.m, developed in accordance with LEED (Leadership in Energy and Environmental Design) Green Building Standards within the WHA Industrial Zone 2 Nghe An.

Spectrum Nghe An will cover an area of 15.6 ha and is scheduled to commence construction in June 2024, with phase 1 expecting to be completed by the first quarter of 2025.

A 3D perspective of Spectrum Nghe An ready-built factory

During the event, Anchalee Prasertchand, vice president of WHA, a leading developer of industrial real estates and industrial parks, presented the land use certificate to Soilbuild, establishing a solid foundation for long-term cooperation between the entities.

Ding Khoon Yew, general director of Soilbuild International (Vietnam) said, “Vietnam is a country benefiting greatly from the global supply chain shift. With the participation of major multinationals, there is a steadily growing demand for quality ready-built factories and warehouses aligned with global standards."

"Soilbuild is committed to build upon the foundation that we have accrued over the years to develop quality industrial space catering to the diverse needs of the locals and multinational corporations and to support them through their business growth.”

Soilbuild’s latest sustainable industrial development in Singapore, Tai Seng Exchange

Soilbuild also signed a strategic partnership agreement with GreenA Consultants, a well-established Sustainability Consultancy firm, to co-develop sustainability framework and advisory for the Soilbuild’s industrial developments in Vietnam. This signifies Soilbuild's commitment to promoting green and sustainable standards in Vietnam's industrial real estate sector.

This signifies Soilbuild's commitment to promoting green and sustainable standards in Vietnam's industrial real estate sector.

Lim Han Qin, director of Soilbuild said, “Soilbuild has been an early adopter of sustainability with our very first building achieving the highest green mark standard in Singapore since 2010. Through the years, we have been pushing the boundary of our sustainability journey to not only reduce the overall energy consumption and emissions, but also to secure a more sustainable future and resilient urban landscape for future generations.”



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