Renowned Singaporean property developer enters Cambodia
Renowned Singaporean property developer enters Cambodia
TA Corporation Ltd. is an established property and construction group with a track record of over 40 years’ experience in the Singapore‘s construction industry and over 15 years’ experience in real estate investment and development. As an integrated business group, TA Corporation is also involved in the provision of workers’ training and accommodation as well as the distribution of lubricants and commercial vehicles, tyres and spare parts. At the dawn of 2016, the company is slated to launch its first mixed-use real estate Cambodian project: The Gateway.
TA Corporation had earlier developed and completed a 21 unit residential project Serene Villa in Cambodia under a joint-venture with a local Cambodian partner.
TA Corporation first entered the real estate development business in Singapore in 1995, backed by their unique competencies in the construction business. Since, TA Corporation has gained a strong reputation as a developer of quality residential developments, targeting the middle to upper-middle income markets.
Over the years, TA Corporation has built up a sound reputation as a reliable building contractor. Most of TA Corporation’s customers are established names, including government bodies and major real estate developers in Singapore and abroad. TA Corporation’s major construction subsidiary company, Tiong Aik Construction Pte Ltd, holds the highest BCA grading in Singapore (A1) for general building work, sufficient to undertake public sector construction projects with unlimited contract value.
Cementing this success, TA Corporation was listed on the Singapore Exchange Securities Trading Limited (“SGX-ST”) on 21st November 2011.
Recognising the constraints in Singapore’s market, TA Corp has expanded its property development business overseas to China, Cambodia and Thailand, with a host of successful projects across these markets.
As a regional developer, TA Corporation believes that the Cambodia’s property market currently exhibits the right fundamentals for real estate investments, which include a robust GDP growth averaging above 7 per cent that is enabling the sustainable growth of its commercial sector; the rising affluence of Cambodia’s young middle-class workforce translating into strong demand for quality residences; and a stable socio-political environment and openness by local authorities towards foreign investments.
With these growth drivers in place, TA Corporation’s latest development is strategically located in Phnom Penh. The Gateway development comprises a 36-storey office tower with 299 strata-titled office units, a 39-storey residential block with 572 units, and a two storey retail plaza with prime retail outlets. The Gateway will be located along Russian Boulevard, a main thoroughfare between central Phnom Penh and the international airport.
TA Corporation has been in the Cambodian market for over a decade, and has witnessed the significant socio-economic progress the country has made firsthand. The strong potential in the country’s development and ‘The Gateway’ project represents the company’s long-term commitment to Cambodia, as well as their keen interest to forge and advance collaborative partnerships with the local business community.
Stay tuned for more information on The Gateway project and the launch of local sales. Check out the full listing information today on thegateway-cambodia.com, or contact the marketing agency, Huttons CPL, at (+855) 096 999 9904.
