Koterasu Partners Launches New Residential Project 'TT Genesis' in Nha Be District, Ho Chi Minh City, Responding to Growing Housing Demand from Vietnam's Middle Class.

Koterasu Partners Pte. Ltd. (Headquarters: 70 Senton Way, #20 1/02 Eon Shenton, Singapore, Founder/CEO: Shinichi Yamaguchi) is pleased to announce the commencement of development for its second high-rise condominium project, 'TT Genesis,' in Nha Be District, Ho Chi Minh City, Vietnam. This project, which will feature two towers with up to 30 floors, is scheduled to begin in the first quarter of 2027, building upon the success of its first high-rise residential project, 'TT Avio,' developed by a local JV in 2024.

The local JV, established in 2023 with Daiwa House Group's Cosmos Initia Co., Ltd. and Vietnamese real estate developer TT Capital Investment JSC, will see a new participant: Hinokiya Group Co., Ltd., which provides comfortable, environmentally conscious housing through its unique advanced technologies. By leveraging the strengths and expertise of each company in housing development, we aim to further improve Vietnam's living environment.

■ For Young Generations Dreaming of Homeownership: Contributing to the City's Future and Development with Quality, Affordable Housing.

Vietnam is experiencing rapid urbanization and rising incomes. While demand for housing for the middle class is increasing year by year, most housing supplied by local developers targets the wealthy, leading to a shortage of homes that meet actual needs.

'TT Avio,' developed against this social backdrop, achieved affordable prices through in-house process management and controlled borrowing costs. Furthermore, by incorporating design innovations and maximizing space utilization to enhance amenities, it met the diverse needs of young families dreaming of homeownership, achieving a successful sell-out within just one year of its sales launch in 2024.

Nha Be District, the location for this second project, is a verdant area close to the center of Ho Chi Minh City. It is slated for promotion from a district to a ward through administrative reorganization, and future development of urban infrastructure such as major arterial roads and railway networks is anticipated, drawing significant attention. The project is planned to offer approximately 1,400 apartment units on a site of about 1.9 hectares, aiming to become a core residential area for a future bedroom community.

'To develop and provide a high-quality living environment that meets the expectations and needs of the middle class.' Moving forward, all JV participating companies will unite to strive for further contributions to the city's development, people's lives, and Vietnamese society as a whole.

■ Partner Company Overviews

｜Cosmos Initia Co., Ltd.｜

Location: Shindencho Bldg., 5-34-6 Shiba, Minato-ku, Tokyo
Business Activities: Real estate sales, leasing, and distribution
HP: https://www.cigr.co.jp/

｜TT Capital Investment JSC｜

Location: 2-4-6 Doan Nhu Hai, Xom Chieu Ward, Ho Chi Minh City, Vietnam
Business Activities: Real estate investment and development
HP: https://ttcapital.vn/

｜Hinokiya Group Co., Ltd.｜

Location: Marunouchi Trust Tower Main Bldg., 1-8-3 Marunouchi, Chiyoda-ku, Tokyo
Business Activities: Housing business, insulation materials business, real estate investment, renovation business
HP: https://www.hinokiya-group.jp/

｜Koterasu Partners Pte. Ltd.｜

Location: 70 Senton Way, #20 1/02 Eon Shenton, Singapore
Business Activities: Real estate investment and development
HP: www.koterasu-partners.com/

Established in 2020. Founder/CEO Shinichi Yamaguchi previously served as the representative of an investment fund's Vietnam office, leading investments in development projects and equity contributions to local partners, with a track record of approximately $1 billion USD in total investment. He also served as BOM for a local partner, achieving its listing on the Ho Chi Minh Stock Exchange. Leveraging these experiences and achievements, the company aims to contribute to the local society as a global real estate company originating from Japan.

■ Project Overview

Project Name: TT Genesis
Location: Nha Be District, Ho Chi Minh City, Socialist Republic of Vietnam
Total Units: Approximately 1,400 apartments planned
Site Area: Approx. 1.9 Ha
Sales Area: Approx. 10.5 Ha
Construction Area: Approx. 19.0 Ha
Construction Start (*1): Q1 2027
Sales Reservation Start (*2): Q1 2027
Completion Target (*3): 2030

(*1-3) As of June 1, 2026. Contents are subject to change.

■ Inquiries Regarding This Matter

Koterasu Partners Pte. Ltd. Contact: Nga Nguyen (Ms. / Japanese/English)
E-mail: info@koterasu.com