TTC LAND POSSESSES THE PRIME LAND BANK, REAPs THE REWARD FROM PHU QUOC MARKET

Joining in the market quite early (from 2004), according to the development roadmap of nearly 20 years, the real estate sector has considerably contributed on proportion of TTC Group’s revenue and profit.

According to Mr. Vo Quoc Khanh – General Director of TTC Land, real estate development orientation of TTC Land is not a skimming market strategy. It must be a methodical construction with a perfectly closed area of living space, facilities, utility services… to ensure that each product provided to customers is not only a comfortable living space but also a warming home.

In details, TTC Land is more and more completing the real estate “closed” process following the real value chain to actively control the quality, diminish the expenditure on scientific to provide reasonable price of products and services to customers. Not only projects development, TTC Land also own subsidiary companies in real estate service sector such as TTC Land Services and TTC Management, those who contribute sustainable value for life, create successful civil residences, assure stable living for customers.

TTC Land aims that each product provided to customers is both a comfortable living space and a warming home.

To support the strong movement, Ms. Huynh Bich Ngoc has returned to the real estate market, plays the Director role of Corporation, expresses the determination in bringing this sector back to the race and sustainable developing.

Despite of scarce land bank in the centre city areas recently, TTC Land’s real estate sector still owns the prime land bank located in HCMC, Da Nang, Phu Quoc, Da lat, which suitable for developing residential, commercial and tourism real estate.

Typically, as the Iris, Charmington Dragonic, Charmington Tan Son Nhat… in in centre of HCMC, Charmington Tamashi at the heart of Da Nang, Thung Lung Tinh Yeu project in da Lat… that will bring a huge profit for the company in future.

Especially the Selavia project which primely located in the core economic region of Dam Bay, Phu Quoc city, Kien Giang province. Possessing an extraordinary “golden” location of the Pearl Island which has inherent strengths and potential in tourism, trade, and service development, The Selavia Complex project is the first artificial island of Vietnam. Selavia owns 2,5 kilometres of the private coastline in the South of the Island and 300 hectares in total area, shaping as the Vietnam national flower – lotus. This is the project that TTC has passionately fostered and cherished for a long time with a total capital investment of up to over VND 30.000 billion.

 The Selavia Complex is the first artificial island construction in Vietnam which is shaped as lotus.

To maintain the growth rate, besides taking advantage of inherent strengths to continually develop land banks in HCMC, the real estate sector of TTC also orient to expand to provinces with high urbanization rate such as Long An, Mekong Delta, Dong Nai, Lam Dong.

At the end of the 2022 second quarter, TTC Land remains the growth rate with the estimated equity of nearly VND 5.200 billion. Despite the real estate market unfolds negative from 2022, TTC Land business result in the first half of 2022 is relatively positive with the estimated pre-tax profit of VND 166 billion, which is mainly recognized by Carillon 7 in Tan Phu (HCM). In the last 6 months, the real estate sector will accelerate with the plan of continually opening sale of the Selavia and Charmington Tamashi project.