According to Tran Trong Tuan, director of the HCM City Department of Construction, incomplete buildings are located in many districts. There are many causes for their half-finished situation, but the biggest one is the investor’s capital shortage. Some investors halt their projects to wait for positive signs from the estate market.

This is a half-finished building named DB Tower on Dien Bien Phu Street, Binh Thanh District. This building is designed with three basements and 22 floors. It was kicked off in 2010 and halted in mid-2012. The investor is Can Vien Dong Trade and Investment Ltd.

On the right of DB Tower is the V-Ikon office building, which has been halted for two years because of a shortage of funding. This work is designed as an A-Class office building, with the height of 125.8 meters, including four basements and 26 floors.

The two buildings have been abandoned for years.

A 5-storey building located between the two projects.

As announced in 2009, Kenton Residences has investment capital of about $300 million, built on 9.1 hectares. The project consists of three zones with nine towers and 1,640 apartments.

However, the construction has been halted since 2012.

In 2010, the investor offered for sale at $1,500 - $2,250/m2 (excluding VAT and maintenance costs).

Kenton Residences was expected to be a highlight of the city’s southern part.

According to the HCM City Real Estate Association (HoRea), the city has 1,219 estate projects but up to 405 projects have not started. Of the 325 projects that have already started, 97 projects had to halt construction.

According to data from the HCM City Department of Construction, about 40% of the estate projects have been completed, 33% are implementing procedures for investment, 19% are under construction and 8% have been halted.