Phat Dat completes financial obligations, ready to launch Thuan An 1
According to an announcement from Binh Duong’s State Treasury on April 26, 2025, Phat Dat Real Estate Development Corporation (PDR) has completed all financial obligations related to land use fees for Thuan An 1 High-Rise Residential Complex, marking the project’s readiness for market launch.
Thuan An City is currently positioned as a key industrial-service development hub in Binh Duong province. The project enjoys a strategic location adjacent to Binh Duong Boulevard and important regional connectors like My Phuoc-Tan Van, offering residents convenient access to HCMC and neighboring provinces. As the area is being planned as part of a “satellite super-city” linking with HCMC and Ba Ria-Vung Tau, Thuan An 1’s property values are expected to see significant medium-to-long term appreciation potential.
Thuan An 1 High-Rise Residential Complex covers approximately 1.8ha, standing 39 stories tall with 3-4 basement levels, and will offer nearly 2,700 apartments and shophouses. As part of a larger 4.4ha development that includes both Thuan An 1 and Thuan An 2 towers, the project is expected to generate substantial cash flow for Phat Dat in 2025.
Construction progress at Thuan An 1 as of April 21, 2025
Beyond Thuan An 1&2, Phat Dat has several major projects scheduled for launch between now and 2027, including Quy Nhon Iconic (Binh Dinh), Q1 Tower (Ngo May, Quy Nhon), Nhu Nguyet Commercial-Service Complex (Da Nang), Con Dao Resort complex (Ba Ria-Vung Tau), and Serenity Phuoc Hai Luxury Apartments (Ba Ria-Vung Tau). These projects are collectively projected to generate VND 50 trillion in revenue for the Company.
The completion of financial obligations represents not only an important legal milestone but also demonstrates Phat Dat’s project development capabilities and long-term development strategy in key economic regions. With all necessary conditions now fulfilled, Thuan An 1 is ready to enter its launch phase – a positive signal for Binh Duong’s real estate market, as well as the Southern region, in 2025.
