C.T Group shakes hands with Singapore's real estate group to develop over $400 million projects in Vietnam
By vu Minh
April 29, 2018 | 06:45 AM GMT+7
Tran Kim Chung, Chairman of C.T Group signed many important cooperation agreements with Soilbuild, which is established in 1976 and is Singapore's leading integrated real estate group.
C.T Group plans to continue to develop projects on more than 1,000 hectares of land
The cooperation agreements between two groups were signed at the Vietnam-Singapore Business Forum within the framework of the 32nd ASEAN Summit held in Singapore on April 26th.
C.T Group and Singapore's Soilbuild group signed a memorandum of understanding (MoU) on the development of the $350 million-I-Town Urban Area which is in Ho Chi Minh City's development orientation of the satellite urban areas.
Within the framework of the MoU, two groups committed to jointly developing a $64 million-factory creating prefabricated component technology for apartments. It is a new technology that has just been applied in Singapore and made important changes for the construction industry.
In the past, C.T Group also got a successful cooperation with Soilbuild on the development of a new brand for 1,600 apartments-project in Hanoi and Ho Chi Minh City with a total investment of nearly $100 million.
In addition to Singapore partners, C.T Group continues to promote its international cooperation, especially with companies from Japan, Korea, etc.
C.T Group, formerly known as Sai Gon Trading Company, was established in 1992 and it operates in a lot of sectors such as real estate, retail, construction, tourism, etc.
C.T Group plans to continue to develop projects on more than 1,000 hectares of land and at the same time, it will list CT Land which is a real estate company of C.T Group on the stock market in 2018.
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