Phat Dat in Top 10 Property Developers 2023

Phat Dat (HoSE: PDR) has just been named in the Top 10 Property Developers 2023 list announced by Vietnam Report on April 7th, 2023.

Accordingly, Phat Dat Real Estate Development Corporation ranked 5th, one place higher than in 2022. Other notable names in the Top 10 include Vinhomes, Nam Long Corporation, Ecopark Corporation, Khang Dien House, Ha Do Group, Phu My Hung Corporation, DIG Corporation, Van Phu – Invest, and An Gia Group.

The ranking, resulting from the independent evaluation of Vietnam Report based on scientific and objective principles, is to recognize and honor the pillar real estate enterprises with many accomplishments in providing products to customers and exerting an impressive image among the public and investors.

In addition, although the economy suffers severe developments in the past year due to the Covid-19 aftermath, the Russia-Ukraine conflict, material price fluctuations, soaring inflation, and interest rate hikes, these developers have demonstrated strong resilience with stable financial capacity and good resistance.

Despite facing general difficulties in the real estate industry, Phat Dat still maintains its core operations with its flagship projects. In 2022, many critical indicators, typical of the Company’s health, such as total assets, owner’s equity, charter capital, net profit margin, and gross profit margin, remain stable.

Cadia Quy Nhon of Phat Dat is located right in the central square of Quy Nhon City

Phat Dat has implemented a proactive strategy of restructuring finances and products to cope with market difficulties. The Company has built flexible financial solutions to meet practical demands and focuses on projects with high absorption rates in promising markets. Currently, the Company’s land bank is over 5,836 hectares, concentrated in localities with available technical infrastructure systems and good transportation connections such as Da Nang, Quang Ngai, Binh Dinh, Ba Ria – Vung Tau, Binh Duong, Ho Chi Minh City, and Phu Quoc.

Phat Dat consistently aims to become a professional and sustainable real estate developer, providing valuable products for customers and contributing to the national economy. This recognition once again proves PDR’s position in the real estate industry. Earlier, Phát Đạt was also voted among the top 10 best places to work in the real estate industry in 2022.