PDR January 2025 Newsletter: Poised for a Breakthrough with the New Real Estate Cycle

Phat Dat Real Estate Development Corporation (PDR) has released its January 2025 Investor Newsletter, featuring key updates on macroeconomic conditions, the real estate market, and the company’s activities.

December 2024 concluded with optimistic signals from both the macro economy and real estate sector, offering significant growth opportunities for leading enterprises like Phat Dat. Amid positive market momentum, Phat Dat is not only strengthening its internal capabilities but also affirming its pioneering role through a series of strategic projects, ready to embrace a new development cycle in Vietnam’s real estate industry.

Quy Nhon Iconic Project in Binh Dinh qualified for Sales

Vietnam’s economy in 2024 recorded impressive growth, with GDP reaching 7.55% in Q4 – the highest in recent years, and the Industrial Production Index (IIP) rising by 8.8% in December. Foreign direct investment (FDI) reached a record $31.4 billion over 11 months, with real estate attracting $5.63 billion, up 95% YoY. These figures not only underscore the appeal of the economy but also create substantial opportunities for the real estate sector, particularly for projects with transparent legal frameworks and sustainable development potential.

Real estate sector attracts $5.63 billion in foreign investment

Driven by positive market dynamics, both demand and property values in major cities such as HCMC and Hanoi have experienced significant growth. Apartment prices in Hanoi rose by 58%, while townhouse prices in HCMC increased by 17% compared to the previous year, spurring urban expansion and satellite city development. This has provided a considerable advantage for Phat Dat, especially with its strategic projects in Binh Duong and Binh Dinh – two regions receiving substantial investments in infrastructure and legal frameworks.

Real estate prices continue to rise in Q4.2024

Infrastructure development is a key driver of robust growth in the real estate market. Major projects such as HCMC’s Ring Roads 3 and 4, the second phase of the North-South Expressway, and Long Thanh International Airport not only improve inter-regional connectivity but also stimulate the development of satellite cities. These projects present significant advantages for Phat Dat’s developments, particularly Thuan An 1 & 2 in Binh Duong, as well as Quy Nhon Iconic and Cadia Quy Nhon in Binh Dinh.

Ring Roads 3 and 4 will boost connectivity between HCMC and satellite cities

The Thuan An 1 & 2 project in Binh Duong has recorded faster-than-expected construction progress, with several key components already completed. With the implementation of the new land price framework, the project is expected to achieve important legal advancements in Q1.2025, paving the way for handover and occupancy in the near future.

Thuan An 1 & 2 in Binh Duong accelerates construction progress

Meanwhile, in Binh Dinh, Quy Nhon Iconic has reaffirmed its leading position, with all 627 units in phase 1 now eligible for sale. Benefiting from strategic connectivity to Phu Cat Airport, which is undergoing an expansion with a total investment of over VND 7.3 trillion, Quy Nhon Iconic offers strong liquidity and has attracted considerable investor interest thanks to its prime location and transparent legal status.

Quy Nhon Iconic provides direct access to Phu Cat Airport in under 20 minutes

In addition, Phat Dat is actively expanding its land bank and building a long-term strategy. Recently, the company invested VND 650 billion to acquire a property in District 3, HCMC, with plans to develop a modern Sales Gallery, supporting its goal of selling VND 40–50 trillion worth of products in the new cycle. This move not only highlights Phat Dat’s strong financial position but also demonstrates its long-term vision in business strategy.

Phat Dat’s efforts have been recognized with the Top 100 Vietnam Golden Stars Award 2024, a prestigious accolade honoring outstanding brands and businesses that have made significant contributions to Vietnam’s socio-economic development.

For detailed information, view the full newsletter here.