Nguyen Dang Thanh, chairman of TTC Land and HAN Yong Soo, executive vice president and head of Overseas Business Division of Lotte E&C at the singing ceremony. — Photo courtesy of TTC Land Saigon Thuong Tin Real Estate Joint Stock Company (TTC Land) and South Koreas Lotte Engineering and Construction Co., Ltd (Lotte E&C) signed a strategic partnership agreement to jointly develop property projects on November 21. Lotte E&C will invest around US$100 million in the projects, including $22 million in early next year. TTC Land will research and do the planning for projects and complete legal procedures to ensure unencumbered land is available for the projects. Lotte E&C will arrange finance for the projects as well as participate in the design, construction and marketing activities of these projects. As a main member of Lotte Group, Lotte E&C is a leading real estate developer and general contractor in various sectors in the construction industry in Korea and many other countries. It annually sells over 20,000 apartments in Korea and has a number of high-profile projects such as the 123-storey Lotte World Tower, the tallest building in Korea, and the 65-storey Lotte Centre Ha Noi. Nguyen Dang Thanh, chairman of TTC… Read full this story
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