Japanese retail behemoth, Takashimaya, has announced plans to inaugurate a fresh shopping mall in the latter half of the impending year. The site for this new venture is the Starlake urban area, renowned for having the highest land rates in Hanoi.
Construction Details
The proposed shopping centre, stationed on plot C1-CC1 within the Tay Ho Tay (Starlake) urban expanse, will sit on a significant space of over 17,240 square meters. The construction plan is to have the mall feature 10 floors above ground and three basement floors, raising expectations of a spacious and well-planned shopping experience.
According to predictions, the doors of this new mall could swing open to the public as early as the third quarter of 2027. Starlake’s reputation as the urban region with the highest land rates in Hanoi is expected to amplify the mall’s appeal. Current land prices in prime locations within the Tay Ho Tay urban area are valued upwards of VND114 million (US$4,392) per square meter.
Previous Plans and Operations
Takashimaya had previously hinted at its intention to launch a shopping mall in Hanoi, with plans being in place since as early as 2026. Takashimaya Chairman Yoshio Murata has been open about the company’s plans to invest approximately 2 billion yen (US$13 million) in the venture.
This is not Takashimaya’s first foray into Vietnam. The company has been operating a high-end department store in the erstwhile central District 1 of Ho Chi Minh City since 2016. In addition to this, Takashimaya also runs a shopping complex known as The Loop, which was previously named Indochina Plaza Hanoi.
Questions & Answers
Where will Takashimaya’s new shopping mall be located?
The new shopping center will be situated within the Starlake urban area in Hanoi, recognized for having the highest land prices in the city.
What is the planned structure of the new Takashimaya shopping mall?
The mall is expected to consist of 10 floors above ground and three basement floors, promising an expansive shopping area for consumers.
Does Takashimaya have other operations in Vietnam?
Yes, Takashimaya has been running a high-end department store in the central District 1 of Ho Chi Minh City since 2016. They also operate a shopping complex in Hanoi, known as The Loop.
