Entering the Residential Development Market in Vietnam First Property Acquisition Completed in Di An City, Binh Duong Province, Near Ho Chi Minh City

Cosmos Initia, a member of the Daiwa House Group, has formed a strategic partnership with TT Capital Investment Joint Stock Company, a local real estate developer in Vietnam, and Koterasu Partners Pte. Ltd., a global real estate company founded in Japan in 2020, to enter the residential development market in the Ho Chi Minh City area. Under this partnership, we have successfully acquired the first project in Di An City, Binh Duong Province, near Ho Chi Minh City.

Since our founding in 1974, our company has upheld the philosophy of "considering housing from the residents' perspective to provide a higher quality living environment," delivering over 100,000 residences, mainly in the Tokyo metropolitan area.
Aiming to further expand our residential development business, we are advancing our operations in Ho Chi Minh City and surrounding areas, a highly attractive market where we can expect growing housing demand driven by a high proportion of the working-age population and increased purchasing power supported by strong GDP growth. Leveraging the expertise we have cultivated over the years, we will continue to develop residential properties tailored to this dynamic market.

In the future, through this strategic partnership, we plans to provide 1,000 to 2,000 high-quality homes annually for the middle-income demographic in the Ho Chi Minh City area.

Expected Property Rendering

Press Conference in Vietnam on December 5th

Corporate Profile

TT Capital Investment Joint Stock Company

A real estate developer founded in 2021 in Ho Chi Minh City, Vietnam, by Mr. Nguyen Trung Tin and Mr. Nguyen Dinh Truong, both of whom have over 10 years of experience in the real estate and financial industries. The company aims to provide housing to a broader range of customers through the development of affordable residential properties. Its mission is to enrich people's lives by developing high-quality residential properties and delivering excellent services

Koterasu Partners Pte. Ltd.

Founded in 2020 with the aim of becoming a global real estate company from Japan. The company's CEO, Masakazu Yamaguchi, served as the head of the Vietnam office for an investment fund, leading investments in development projects and equity contributions to local partners, with a cumulative investment of approximately USD 1 billion. Additionally, he served as a board member for local partners to whom equity investments were made, achieving a listing on the Ho Chi Minh City Stock Exchange. Leveraging this experience and track record, the company aims to implement impactful projects and contribute to the local community as a global real estate company with Japanese roots.

Cosmos Initia Co., Ltd.
Headquarters: Minato-ku, Tokyo, President: Ryotaro Takachi, HP : https://www.cigr.co.jp/

Cosmos Initia operates in three main business areas: the Residential Business, offering newly built condominiums, detached houses, and renovated apartments; the Solutions Business, which focuses on the development, brokerage, and property management of investment and commercial real estate; and the Accommodation Business, which develops and manages apartment hotels designed for medium- to long-term stays for families and groups. In response to societal changes and the diversificationof needs, Cosmos Initia continues to expand its business domains, evolving into a company that produces urban environments.

Our mission, "Next GOOD – For our customers. For society. Ideas one step ahead, delivering value one step ahead," guides us in practicing CSV (Creating Shared Value) in all our management activities. We are committed to exceeding expectations by pursuing value that brings safety and joy. Through our products and services, we will continue to address societal challenges, creating more instances of "Next GOOD" in collaboration with our customers and society.