Lotte Eco Smart City Thu Thiem Project Fulfills Land Financial Obligations
Lotte Properties HCMC Co., Ltd. completed the land use fee payment for the Lotte Eco Smart City Thu Thiem project on July 31, 2026, with the total payment amounting to VND 17.569 trillion. The completion of the project's land-related financial obligations marks a major milestone and establishes a solid legal foundation for the project to advance into its next development phase.
Following this milestone, Phat Dat Real Estate Development Corporation (HOSE: PDR) and Lotte Properties HCMC Co., Ltd. are accelerating construction and advancing the project's development.
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Lotte (Shopping, Hotel, E&C from South Korea) and Phat Dat Real Estate Development Corporation (PDR: HOSE) will jointly commence construction of the residential component and the commercial-service component integrated with office space at Lotte Eco Smart City Thu Thiem on October 23, 2026. The project is developed by LOTTE Properties HCMC Co., Ltd.
As of October 2026, construction continues across La Pura's various components, with several new milestones reached. Progress is as follows:
Phat Dat Real Estate Development Corporation (PDR: HOSE) has once again been recognized at the Enterprise of Choice 2026 Awards. Organized by CareerViet in collaboration with market research firm Amco Vietnam, the program recognizes companies that employees rate highly for their workplace environments.
On October 10, 2026, Phat Dat Real Estate Development Corporation (PDR: HOSE) handed nearly 200 Certificates of Land Use Rights, Ownership of Houses and Other Land-Attached Assets (ownership certificates) to residents of Millennium.
With sales offices now operating in Quy Nhon and Hanoi and a new Show Flat Complex under construction in HCMC, Phat Dat Real Estate Development Corporation (PDR: HOSE) is strengthening its sales infrastructure nationwide for the Company's next business cycle with ongoing and upcoming projects, including Lotte Eco Smart City Thu Thiem.
On October 3, 2026, Phat Dat Real Estate Development Corporation (PDR: HOSE) officially opened its Sales Office at Grand Terra Building, 36 Cat Linh Street, Hanoi. The new office marks another step in Phat Dat's plan to expand its presence in Hanoi and across Northern Vietnam, while providing customers in the region with a convenient place to explore the Company's projects.
Phat Dat introduces Q'Terra, a 39-story beachfront tourist apartment tower in the heart of Quy Nhon Nam ward, Gia Lai province, targeting the accommodation needs of the area.
On September 26, 2026, Phat Dat Real Estate Development Corporation (PDR: HOSE) held the first group handover of ownership certificates to Millennium residents. The certificates, formally known as Certificates of Land Use Rights, Ownership of Houses and Other Land-Attached Assets, were handed over at the building's Community Room at 132 Ben Van Don Street, Khanh Hoi Ward, HCMC.