Ho Chi Minh City will auction the building that houses the Department of Culture, Sports and Tourism located on 164 Dong Khoi Street, District 1 to mobilize capital for projects on sports and tourism.
The prime site at 164 Dong Khoi Street, District 1
The city People's Committee has told the Department to seek approval to auction the site.
Hence, the building on this ‘golden’ area would be up for grab as the Department has been relocated to No. 3, Phan Van Dat Street, District 1.
The fund from the auction is expected to channel towards building the Rach Chiec fitness-sport complex in District 2 in preparation for Vietnam applying to host the SEA Games and Asiad in the 2017 and 2018.
The Department is coordinating with the Urban Management Northwest in Cu Chi District to build an athletes village.