Binh Duong - the top priority in Phat Dat's development strategy

Amid the real estate market’s gradual recovery with many positive signals, Phat Dat Real Estate Development Corporation (HOSE: PDR) continues to affirm its pioneering role through strategic investment, long-term vision, and selective market targeting. In this context, Binh Duong has been identified as the top priority – where Phat Dat sees a “golden opportunity” to make next breakthroughs.

Proactively expanding strategic land bank

In Binh Duong, Phat Dat implements a proactive and flexible land bank expansion strategy. For small-scale land plots of 10-20 hectares in high-rise planning zones, the Company directly acquires to maintain development control. For larger land plots, including agricultural land or non-cleared land like rubber plantations, Phat Dat chooses bidding to become the official developer.

Notably, the Company effectively utilizes the pilot policy for agricultural land reception, whereby businesses receive agricultural land and negotiate compensation directly with residents instead of following state-regulated prices as before.

Binh Duong – A key market in the national strategy

Affirming the development orientation, Mr. Nguyen Van Dat emphasized: “Binh Duong is the market with the greatest potential and Phat Dat’s top priority in expansion.”

According to Chairman Nguyen Van Dat, Binh Duong is the market with the greatest potential and Phat Dat’s top priority in expansion.

Currently, Phat Dat owns and is developing over 400 hectares of land in Binh Duong and Ba Ria-Vung Tau, with Binh Duong accounting for the majority. Several key projects are underway.

Notably, a 32-hectare high-tech park in Di An is expected to become a new development driver for southern Binh Duong. Thuan An 1&2 high-rise residential complex in central Thuan An City is completing its final financial obligations for imminent launch. Additionally, there are 4 new projects in potential areas where Phat Dat is consolidating land and completing legal procedures to launch in the coming time.

Phat Dat accelerates construction progress of projects in Binh Duong

Concurrently as investor, Phat Dat also serves as project developer for La Pura in Binh Duong. This approach helps the company control finances, recover debts effectively, and expand presence in this emerging market.

La Pura project sales launch event on June 8

Binh Duong’s inherent advantages: From infrastructure to demographic potential

Explaining the choice of Binh Duong as a strategic market, Mr. Nguyen Van Dat highlighted the province’s outstanding advantages. In terms of infrastructure, Binh Duong boasts exceptional connectivity, with just 30–45 minutes of travel time to District 1’s center, much faster than other areas near HCMC. The synchronized development of regional transport networks, metro lines, and expressways serves as a major growth driver. Economically and socially, Binh Duong is an industrial hub, home to dozens of large-scale industrial parks that attract thousands of foreign experts. This demographic creates a sustainable demand base for the local housing market.

Another key advantage is the business-friendly investment environment, where streamlined and transparent administrative procedures help enterprises execute projects efficiently, minimizing legal risks and time-related costs.

Notably, Binh Duong’s real estate prices are currently only about half of those in HCMC. With rapid urbanization and infrastructure development, the province offers significant price appreciation potential, presenting attractive medium- and long-term investment opportunities.

Apartments rise as actual housing demand grows strongly

While locals still prefer landed houses, rising land prices are driving apartment market growth, especially with migration waves from HCMC to neighboring areas.

“Saigonese now need just 30 minutes to return to Binh Duong, with reasonable prices. Apartments priced around VND40-50 million/m² are attracting strong buyer interest. I believe the ratio of actual housing demand here will gradually increase,” Mr. Dat noted.

Macro policies – Momentum for pioneering developers

Beyond market fundamentals, Phat Dat places high expectations on government support policies. Real estate has been identified as a key economic sector with strong spillover effects, actively contributing to GDP growth – projected to reach 8% this year and target double-digit growth next year.

Policy improvements, expanded business support, and private sector promotion are important drivers helping Phat Dat – with solid financial foundation and outstanding execution capacity – accelerate development.

Regarding the proposed administrative boundary merger between HCMC and Binh Duong, Mr. Dat believes proper implementation would be a turning point to streamline procedures and significantly reduce costs.

With clear strategy, strong financial capacity, deep market understanding, and positive macro policies, Phat Dat is steadily affirming its position as Binh Duong’s leading real estate developer.