Nomura Real Estate Joins "Celesta Gold" Condo Project in Ho Chi Minh City, Vietnam
Key facts
- Nomura Real Estate Joins "Celesta Gold" Condo Project in Ho Chi Minh City, Vietnam
- Nomura Real Estate has decided to participate in the "Celesta Gold" condominium project in southern Ho Chi Minh City, Vietnam, in collaboration with Keppel Ltd. of Singapore. The company aims to provide a high-quality living environment by applying its Japanese expertise in product planning.
- Source: PR Times
- Date: May 26, 2026
Direct answer
Nomura Real Estate has decided to participate in the "Celesta Gold" condominium project in southern Ho Chi Minh City, Vietnam, in collaboration with Keppel Ltd. of Singapore. The company aims to provide a high-quality living environment by applying its Japanese expertise in product planning.
- Citation
- Nomura Real Estate Joins "Celesta Gold" Condo Project in Ho Chi Minh City, Vietnam (May 26, 2026), PR Times
- Source
- PR Times
- Date
- May 26, 2026
Nomura Real Estate has decided to participate in the "Celesta Gold" condominium project in southern Ho Chi Minh City, Vietnam, in collaboration with Keppel Ltd. of Singapore. The company aims to provide a high-quality living environment by applying its Japanese expertise in product planning.
📋 Article Processing Timeline
- 📰 Published: May 26, 2026 at 22:00
- 🔍 Collected: May 26, 2026 at 13:31
- 🤖 AI Analyzed: May 26, 2026 at 17:23 (3h 52m after Collected)
This project marks the first collaboration for the Nomura Real Estate Group with Keppel, a global asset manager and operator, aiming for a long-term partnership. By combining Keppel's extensive expertise in Vietnam and real estate development with Nomura Real Estate's product planning knowledge, the companies aim to provide comfortable and high-quality living environments.
[Market Context]
While demand for housing in Ho Chi Minh City is increasing, new supply has remained at a low level in recent years. Rapid infrastructure development, including the opening of Metro Line 1, the upcoming construction of Line 2, and the planned opening of Long Thanh International Airport, is expected to drive further urbanization and market growth.
[Property Overview]
The property is located about 7km from the Central Business District (CBD) and approximately 2km from the Phu My Hung area, offering excellent access. The development will consist of two 25-story buildings with residential units ranging from 1 to 4 bedrooms (approx. 50㎡ to 150㎡). Planned shared facilities include a pool, gym, kids' room, party room, workspace, and a golf simulator.
Nomura Real Estate intends to implement its "KAIZEN" approach—analyzing and improving product planning, construction quality, and sales processes—to enhance the project's value. Vietnam remains a key focus country, with plans to continue promoting residential and office businesses centered in Ho Chi Minh City and Hanoi.
FAQ
What is the project in Vietnam that Nomura Real Estate is participating in?
It is a condominium project called 'Celesta Gold' located in the southern part of Ho Chi Minh City. The total number of units is 420, and it is a joint project with Keppel Corporation from Singapore.
What is the location of the 'Celesta Gold' project?
It is located approximately 7 km in a straight line from the central business district (CBD) of Ho Chi Minh City, about a 25-minute drive. The area is well-equipped with living facilities and has easy access to the high-end residential area of Phu My Hung.
What are the roles of Nomura Real Estate and Keppel Corporation in their collaboration?
Nomura Real Estate and Keppel Corporation aim to provide a high-quality living environment by combining Keppel's expertise and real estate development capabilities with Nomura's knowledge in product planning and quality management developed in Japan.
What is the facility composition of the project?
The project consists of two buildings, 25 stories high, with units ranging from one to four bedrooms, and floor areas from about 50 to 150 square meters. The common areas will include a pool, gym, and golf simulator.
What is the scale of Nomura Real Estate's business in Vietnam?
Nomura Real Estate has a total of 12 projects in the Ho Chi Minh and Hanoi areas, with a total of over 30,000 residential units, making it the largest scale among the overseas countries where they operate.