Hoang Huy expects revenue to exceed VND4 trillion and post-tax profit to reach up to VND2 trillion in fiscal year 2025-2026, targeting annual growth of over 30% for the next five years.
Cen Land is shifting from brokerage to development, targeting a 170% revenue increase and 424% profit growth in 2025.
While the average price of apartments in Hanoi has reached new heights, with supply primarily concentrated in the premium and luxury segments, there are still no signs of a price slowdown.
Ultra-luxe hillside residences bolster accommodation offerings at Central Vietnam property.
Truong An Duong, General manager of North Vietnam and Residential at Frasers Property Vietnam, talks about the Singaporean developer's aggressive but sustainable expansion into industrial property in Vietnam.
Gamuda’s property arm Gamuda Land has entered into an agreement to acquire a 3.7-hectare site in Thu Duc City in Ho Chi Minh City for approximately $316 million.
Indochina Kajima, a joint venture between Indochina Capital and Kajima Corporation, has commenced contruction on an industrial property and a hotel in the northern port city of Hai Phong.
There are three sectors that VinaCapital expects to benefit from very strong outlook for Vietnam’s GDP growth, including banking that has a circa 30 per cent weighting in the VN-Index), property (23 per cent), and consumer discretionary stocks (3 per cent).
The Vietnamese property developer continues to approach the world’s leading consultants to hasten the development of the mammoth NovaWorld Phan Thiet tourism city.
Though it has been a difficult year so far, effective Covid-19 containment and the recently ratified EU Vietnam Free Trade Agreement (EVFTA) has bolstered global industrial investor confidence in Vietnam. The property segment most resilient to Covid-19 has further significant growth potential.
A five-star hotel Dolce Hanoi Golden Lake Hotel, which claims to be the first property in the world clad in gold tiles, has opened.
IFC, a member of the World Bank Group, is providing a financing package of $75 million to Phu My Hung Development Corporation to help sustain its property development operations, in the wake of Covid-19 impacts.
The real estate consultancy anticipates elevated investment activity, sustainability and technology to be the next focus.
Given the surging demand for tourism in Ba Ria-Vung Tau, especially during the major holidays, local lodging services may soon find themselves overloaded. The province is in great need of quality recreational properties.
