TTB seeking out resonance for success

TTB seeking out resonance for success

Established in 1999, TTB specialises in producing formwork and scaffolding, as well as construction equipment and trading iron and steel. In 20 years, TTB became a public company with the charter capital of VND458 billion ($19.9 million) with five member companies and 500 employees. At present, its shares are listed on the Ho Chi Minh City Stock Exchange. Besides, the group is widely known as the developer of leading real estate projects in the northern provinces of Thai Nguyen and Bac Giang.

One of the most outstanding projects is the TBCO apartment project on Hoang Van Thu street, Thai Nguyen city. Through heroic effort and determination, the group has turned the abandoned marshland into a project with four 10-storey buildings offering 350 apartments in the matter of a single year. The project has created a modern living environment for young people with lower incomes.

Building on this success, the group continued to develop the TBCO1 project with the scale of 150 apartments of 50-69 square metres in area and then begin TBCO3-TBCO Riverside. This VND1.7 trillion ($73.9 million) mammoth residential project was designed to create a high-quality living area with the most optimal utilities for the residents of its 2,000 apartments. At present, the developer has completed the construction of two 20-storey buildings housing over 500 apartments. The apartments were designed to be eco-friendly while utilising maximum natural light in the interiors.

Once completed, TBCO Riverside will be a green urban area with full amenities and services including restaurants, cafés, and a shopping centre. The public areas will be rich in greenery and offer plenty of space for sports, a children’s playground and a swimming pool. With its beautiful design and full utilities, the project is an ideal choice for residents who want to buy either to live or to rent out units for foreigners with high profitability.

The TBCO project and the Seoul Sky building of TBCO Riverside were honoured as two icons of Thai Nguyen city’s rise at its 55th anniversary celebration (October 19, 1962 – October 19, 2017).

Non-stop efforts

In Bac Giang, TTB has developed the Green City apartment project at an astounding speed. Covering an area of 1.6 hectares, it includes four 21-storey buildings with 1,500 apartments.

The construction of two buildings (approximately 800 apartments) is being completed and the customers will receive their apartments soon. Bac Giang People’s Committee registered to buy 600 apartments for resettlement and almost all of the remaining commercial apartments have been registered by homebuyers.

Besides, most recently, on October 26, 2019, TTB started the construction of the Lotus 2 building at the Green City project.

Nguyen Manh Ha, chairman of the Vietnam Association of Realtors, said, “The Vietnamese real estate market has seen continuous growth. Having a stable accommodation is still an essential demand for the people. According to statistics from the Ministry of Construction, the population of cities in Vietnam grow by one million each year, thus developing apartment projects is essential.”

“The association highly appreciated TTB’s pioneering role in implementing apartment projects in cities and provinces such as Thai Nguyen and Bac Giang. These projects not only provide quality products for people but also contribute to developing a stable real estate market,” Ha added.

The group plans to develop massive projects, including the 20ha Tien Bo Pho Yen social housing project with 4,500 apartments to house the workers of Samsung Electronics Vietnam Thai Nguyen and another apartment project with the total investment capital of VND800 billion ($34.78 million) located in the centre of Thai Nguyen city.

Most recently, the Board of Directors of TTB also decided to set foot in industrial real estate with a VND1.5 trillion ($65.22 million), 120ha project in Thai Nguyen.

Phung Van Bo, chairman of TTB said, “TTB will focus on residential projects for middle-income people to meet essential demand in the market. Besides, the company plans to develop green and modern urban townships across cities and provinces in the north to improve living standards. In order to realise this ambition, TTB needs to pool its resources and join forces with local and foreign partners as we can reach farther together.”