C.T Group takes swing

November 19, 2012 | 11:17

(0) user say

C.T Group’s distinctive new golf course in the western area of Ho Chi Minh City will be officially put into operation in the third quarter of 2013.

Tran Kim Chung, chairman of C.T Group, said the 12 first holes of the golf course and the 10,000sqm Club House inside its $43.2 million C.T Sphinx Golf Club and Residences are nearly completed.

With the progress of the project’s construction, it is sure that the project’s first 18 holes in the golf course would be completed by the end of 2013 and the full project finished in 2014, he said.
Chung also told VIR that the first nine holes of the golf course would welcome first guests and golfers in professional golf tournaments starting in July 2013.

Designed by Lee Schmidt and Brian Curley, who were named Asian Golf Monthly’s ‘Best Golf Course Architects’ last year, the 200 hectares CT Sphinx Golf Club & Residences is being promoted as the most beautiful golf course in Vietnam. Lying on the bank of Thay River in Tan Thong Hoi commune, Ho Chi Minh City’s Cu Chi district, the complex comprises a 36-hole golf course, a club house and 200 luxury villas.

After completion, the Club House will provide restaurants along the river; a business centre for large meetings, luxury boutiques, golf shops, a coffee-bar-wine lounge, gym and entertainment areas for children.

The CT Sphinx Golf Course & Residences was acquired from Korea-backed GS Engineering & Construction Corp last year by CT Group for $24 million. After the acquisition, CT Group has been in involved in other M&A activities, including the acquisition of the 18-story Thien Loc Tower in Ho Chi Minh City’s Go Vap district.

Established in 1992, CT Group currently has 36 member companies and is developer of a number of property projects in the southern hub such the CT Plaza, CT Léman and Beehome.