Cho Lon Real Estate JSC
HHNX:RCL11,900.00
VND
+100.00
(+0.85%)
Cho Lon Real Estate JSC
HNX:RCL
(Hanoi Stock Exchange)
Recent
price
11,900.00
P/E
ratio
- -
div
yld
- -
ROIC.AI
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- Business
- Cho Lon Real Estate Joint Stock Company is a Vietnam-based real estate development and construction enterprise primarily engaged in residential and commercial property development, infrastructure and civil engineering construction, and comprehensive property management services. Founded in 1989 and headquartered in Ho Chi Minh City, Vietnam, the company originated as the state-owned District 8 Housing Construction and Services Company prior to its corporate restructuring and equitization into a joint stock company affiliated with Saigon Real Estate Corporation (RESCO). The company operates across three core business segments: Real Estate Development and Trading, Construction and Infrastructure Contracting, and Property Services and Trading. Its portfolio of products and services comprises the development, construction, and sale of multi-story residential apartment buildings, social housing, detached townhouses, and master-planned residential communities, including flagship developments such as Felisa Riverside; the leasing and management of commercial office buildings, retail spaces, and mixed-use commercial properties; general construction contracting for civil, industrial, municipal transportation, water resource irrigation, and urban technical infrastructure projects; architectural design, structural engineering, construction supervision, interior finishing, and building inspection services; property brokerage, real estate appraisal, and estate administration services; and the wholesale trading, import, and distribution of construction materials, building equipment, and interior decoration supplies. Cho Lon Real Estate Joint Stock Company primarily serves retail homebuyers, commercial tenants, corporate clients, and public infrastructure entities across Ho Chi Minh City and expanding regional urban centers in southern and central Vietnam, including Binh Duong, Dong Thap, and Da Nang. In recent developments, the company approved a major corporate governance initiative to raise its foreign ownership limit to 50 percent to broaden capital access and ease cross-border transaction processes. Additionally, the company has actively advanced co-development and investment projects, including the Sabinco Tuong Binh Hiep residential villa venture in Binh Duong and the Tan Quy Tay townhouse development in Sa Dec, Dong Thap, while executing strategic operational adjustments to resolve property licensing pipelines and maintaining steady equity distributions to shareholders.