IR newsletter June 2025: Phat Dat accelerates project implementation and expands land bank in HCMC

Phat Dat Real Estate Development Corporation (HOSE: PDR) has just released its IR Newsletter for June 2025, updating prominent activities in project implementation, product launches, and strategic land bank expansion in recent times.

Impressive Sales Launch at La Pura

On June 8, 2025, Phat Dat organized the official sales launch event for the Zenia subdivision of La Pura – The Wellness City, attracting over 3,000 attendees. On the first day alone, the project recorded more than 1,330 deposit contracts, achieving a 95% sales rate for the subdivision, with total pre-bookings exceeding 6,200 units. This marks an important milestone, demonstrating La Pura’s strong appeal as the market gradually recovers.

95% of Zenia Tower’s inventory at La Pura sold out during the launch event

Previously, on May 16, Phat Dat also inaugurated the La Pura Sales Gallery and show flats at Mega Market An Phu (Thu Duc City). The modern exhibition space, designed with the “sophisticated interiors, lush exteriors” philosophy, along with flexible payment policies, helped enhance customer experience and confidence.

HCMC land bank surpasses 500 hectares

At the meeting with financial institutions on June 3, 2025, Mr. Nguyen Van Dat – Chairman of PDR’s Board of Directors – announced that the Company’s land bank in HCMC has officially exceeded 500 hectares through land acquisitions and bidding participation. This provides a solid foundation for long-term development strategies in key areas.

Currently, Phat Dat is focusing on developing core projects such as Quy Nhon Iconic, Serenity Phuoc Hai, Nhu Nguyet Urban Area (Da Nang), Con Dao Resort, and the high-tech park in Di An City (Binh Duong).

Thuan An 1 completes legal procedures

In addition to La Pura, Thuan An 1 in Binh Duong was granted the Land Use Rights Certificate on May 9, 2025. This is an important legal step to meet pre-sale conditions. With nearly 2,700 apartments and shophouses in a prime location adjacent to Binh Duong Boulevard, the project is expected to contribute significantly to PDR’s revenue from late 2025.

Construction progress at Thuan An 1 & 2

Preparing for 2025 AGM

Phat Dat has announced its plan to hold its 2025 Annual General Meeting of Shareholders on June 27 in HCMC. The meeting will approve important matters including the 2024 operational report, 2025 business plan, ESOP scheme, selection of an independent auditor, and election of an additional Board Director.

View the full newsletter here