TTC Land jumps into industrial zone segment

March 30, 2018 | 22:31
(0) user say
Saigon Thuong Tin Real Estate JSC (Sacomreal) decided to set foot in industrial zone and resort development, as well as the commercial-rental segment after changing its name to TTC Land. 
ttc land jumps into industrial zone segment
TTC Land will build resorts and industrial zones across the country

Accordingly, along with the housing segment, TTC Land will expand its operations into resort, commercial-rental, and industrial zone (IZ) real estate.

Notably, TTC Land will accelerate the construction of two commercial-rental real estate projects, namely TTC Plaza Binh Thanh in Ho Chi Minh City and TTC Plaza Duc Trong in Lam Dong province, in order to take them into operation soon. Besides, this year, the company will develop two more projects, namely TTC Plaza Danang and TTC Plaza Haiphong.

Besides, it will implement the construction of a 305-hectare resort complex in Phu Quoc.

Additionally, TTC Land will develop other IZ projects after the acquisition of the 1,002-hectare Thanh Thanh Cong IZ in Tay Ninh province and the 53-hectare Tan Kim IZ in 2017. Both of these IZ are located in the southern key economic zone and have an occupancy rate of 60 per cent.

Furthermore, TTC Land plans to develop projects across the country, instead of focusing on the south.

Once the restructuring ends, TTC Land will have total assets of VND17 trillion ($745.86 million) and own 2,000 hectares of land to develop real estate projects within the next ten years.

In 2010, the firm listed its shares on the Hanoi Stock Exchange. At the time, its charter capital reached VND1 trillion ($43.87 million). Thus, after more than eight years of operation, its charter capital increased to more than 90 per cent.

ttc land jumps into industrial zone segment Sacomreal's 217 million shares move to HOSE

HCM Stock Exchange approved the listing of more than 217 million shares of Sai Gon Thuong Tin Real Estate (Sacomreal) JSC (SCR) on the bourse.

ttc land jumps into industrial zone segment Banks to guarantee Sacomreal property projects

Saigon Thuong Tin Real Estate Co. (Sacomreal) signed agreements with OCB, ACB and HDB banks on Sunday to guarantee its property projects, following Article 56 ...

ttc land jumps into industrial zone segment Sacomreal unveils social housing project

Sacomreal launched on Sunday its Jamona Apartment social housing project in HCM City's District 7, which is eligible for support from the Government's VND30 trillion ...

ttc land jumps into industrial zone segment Sacomreal's programme helps to thaw out the frozen property market.

Sai Gon Thuong Tin Real Estate JS Co. (Sacomreal) launched a Dau tu an toan-co hoi vang sinh loi (Safe investment-Golden opportunity to Earn Profit) programme for ...

What the stars mean:

★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional