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HCMC, October 23, 2026 – Lotte and Phat Dat Real Estate Development Corporation (PDR: HOSE) officially commence construction of Lotte Eco Smart City Thu Thiem in Functional Zone 2A of Thu Thiem New Urban Area. The ceremony marks a major milestone in the project’s development and another step forward in the strategic partnership between Lotte and Phat Dat.
(Dan Tri Newspaper) - After nearly two years of operation of Metro Line 1 in Ho Chi Minh City, apartment prices along the route have increased sharply, with some projects seeing increases of over 400%, making housing near stations increasingly inaccessible to low- and middle-income earners.
To attract high-spending tourists and encourage longer stays, Quy Nhon's resort real estate needs to supplement its supply of quality accommodation, diversify experiences, and better connect with its value proposition.
Ho Chi Minh City plans to start construction on 5 metro lines by the end of 2026. Among these, the Thu Thiem line connecting to Long Thanh Airport has the largest capital investment, at approximately 134,000 billion VND.
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.
Vietnam has over 16,000 "branded" properties (including both completed and under-construction), ranking third in the world after the UAE and the US, according to Global Branded Residences.