PDR owns over 500ha of land in HCMC after merger

“Never before has Phat Dat’s land bank been as large as it is now” – that was the notable statement by Mr. Nguyen Van Dat, Chairman of Phat Dat Real Estate Development Corporation (PDR), during a meeting with representatives from over 20 investment funds, financial institutions and securities companies on June 3, 2025.

Proactively expanding land bank, prioritizing key markets

At the event, Mr. Nguyen Van Dat shared with institutional investors about PDR’s long-term development strategy, emphasizing proactive thinking in expanding and restructuring its land bank.

The company is currently implementing two flexible approaches in parallel: purchasing land with full legal record and participating in investor selection bidding. Thanks to this, Phat Dat has quickly expanded its land ownership in many localities across the country such as HCMC, Binh Duong, Binh Dinh, Ba Ria – Vung Tau, Da Nang, etc., reaching its highest level in its development history. Most notably is the 500ha land bank in the expanded HCMC after the merger.

Binh Duong and Ba Ria – Vung Tau are two key markets that Phat Dat prioritized early investment. Among them, even before the merger information with HCMC, Binh Duong was evaluated as an area with outstanding profit potential thanks to its adjacent location to HCMC, developed infrastructure, high-income population and transparent, quick legal procedures. “Real estate prices in Binh Duong are still low, less than half of HCMC’s, while there is still huge room for price appreciation” – Mr. Dat shared.

Phat Dat participates in investment cooperation signing ceremony in Di An City (Binh Duong)

Currently, over 400ha land in Binh Duong and Ba Ria – Vung Tau are being accelerated by Phat Dat for legal completion to expand development.

Accelerating project implementation, strengthening cash flow

Phat Dat is currently focusing on developing its key projects. Among them, the most prominent is the 32ha high-tech park in Di An City (Binh Duong) – a strategic project demonstrating long-term investment commitment in dynamic satellite cities around HCMC. Quy Nhon Iconic is recording positive sales results, promising to generate large inflows in the short term, helping the company settle a major loan by 2026.

Quy Nhon Iconic

Thuan An 1 & 2 are in the process of preparing cooperation with foreign partners to optimize value and operational efficiency. Meanwhile, Serenity Phuoc Hai, Con Dao resort and Nhu Nguyet urban area (Da Nang) are also completing legal procedures to launch to the market soon.

In addition, Phat Dat also participates in developing La Pura in Binh Duong – a strategic move helping the business expand its presence in this potential locality, recording additional revenue from project development fees and recovering old debts.

La Pura (Binh Duong) developed by Phat Dat

Seizing new market opportunities, Phat Dat is undergoing a comprehensive restructuring, focusing on financial consolidation, strengthening internal controls, and implementing agile operational mechanisms, positioning itself for a strong rebound as the market recovers. Technology plays a central role in this strategy, serving as a key driver for sustainable growth. The company has integrated advanced technology across its development value chain to enhance efficiency, transparency, and customer experience.

Beyond internal reforms, Phat Dat is actively expanding partnerships with leading domestic and international players. A notable example is a strategic alliance with a major foreign investor, spanning not only real estate but also diversifying into complementary service sectors.

With six core projects in its pipeline, Phat Dat expects to generate 8,000–10,000 billion VND in cash flow over the next two years through sales and strategic investment partnerships. This will enable the company to fully settle its major debt obligations, establishing a robust financial platform for its next phase of growth.

For the medium and long term, the Company has set a revenue target of 40,000 billion VND and expected profit exceeding 8,000 billion VND in the next 5 years.