Real Estate Project Supermarket System to take on distribution from August 1.
Malaysia’s Gamuda Land has assigned the Real Estate Project Supermarket System (STDA), South Branch, under Cengroup as the exclusive distribution agent of Celadon City from August 1, after successfully cooperating in selling and marketing other projects in the past, such as Botanic Precinct in Gamuda Gardens and The One Residence Condominium in Hanoi.
Located in Tan Phu district in Ho Chi Minh City, Celadon City, with a total area of 82 ha, was officially taken over by Gamuda Land on July 18, after Sacomreal and Thanh Thanh Cong transferred the project to the Malaysia developer for some VND1.4 trillion ($64.17 million).
Celadon City is a residential precinct stretching across 27 hectares and featuring 7,000 medium-end and premium contemporary apartments specifically designed for young urbanites who prefer innovative lifestyles amid a harmonious living environment and thriving community.
Gamuda Land, a real estate corporation under Gamuda Berhad Malaysia, is one of the biggest infrastructure companies in Malaysia. The company marked its presence in Vietnam with its first project, the 500 ha Gamuda City in Hanoi. With total investments of $5 billion, Gamuda City includes five key components: Yen So Park, Gamuda Lakes, Gamuda Central, Gamuda Plaza, and Gamuda Gardens.
STDA is a notable real estate agent in Vietnam, distributing high-quality products from renowned developers. Many local and international developers have chosen to engage it to bring their projects to the market, including Khang Dien, Vinhomes (Vingroup), TID, and Mipec, among others.