Overview of the AGM.

2025 Performance and Strategic Repositioning

Amid continued market adjustments in capital flows, legal frameworks, and investor sentiment, PDR identified 2025 as a pivotal year to rebuild its foundation in preparation for the next growth cycle. The Company therefore implemented a comprehensive restructuring strategy across three key pillars: project portfolio, financial foundation, and governance and operations.

Chairman of the Board of Directors, Nguyen Van Dat, delivers the opening remarks at the General Meeting.

On the project portfolio front, PDR conducted a comprehensive review and proactively divested projects no longer aligned with its revised strategic direction. Resources were reallocated toward higher-potential opportunities, particularly in Ho Chi Minh City and Dong Nai. This approach enabled the Company to streamline its portfolio, enhance capital allocation efficiency, and accelerate reinvestment capacity.

From a financial perspective, strategic cooperation and divestment transactions during the year contributed to improved cash flow and strengthened financial resources. At the same time, the capital structure was adjusted more prudently, with leverage maintained at appropriate levels.

On governance and operations, PDR focused on upgrading systems and processes, while strengthening its workforce toward greater professionalism, accountability, and adaptability to evolving market conditions.

Mr. Bui Quang Anh Vu – Member of the Board of Directors and Chief Executive Officer of Phat Dat Real Estate Development Corporation – presents the 2025 business performance at the 2026 AGM.

As a result of these coordinated efforts, PDR recorded improved business performance in 2025, with total revenue reaching VND 1,964 billion, profit before tax of VND 651 billion, and profit after tax of VND 515 billion, representing a 3.3-fold increase year-on-year.

Financial indicators also reflected a strengthened balance sheet, with total consolidated assets exceeding VND 27,270 billion and shareholders’ equity reaching approximately VND 12,424 billion, demonstrating enhanced financial autonomy and improved internal capital accumulation.

2026 Outlook: Entering a New Growth Cycle

Entering 2026 – the first year of the 2026–2030 strategic cycle – PDR is transitioning from a preparation phase to execution, with a focus not only on restoring growth momentum but also on redefining growth quality toward a more sustainable and disciplined approach.

The Company targets revenue of VND 8,830 billion, profit before tax of VND 1,788 billion, and profit after tax of VND 868 billion. These targets reflect a balanced approach between growth ambitions and execution capability amid ongoing market uncertainties.

Shareholders raise questions.

A key focus for the year is the simultaneous construction and launch of six key projects that have been prepared in prior periods across strategic markets. This portfolio is expected not only to generate short-term revenue but also to activate the broader growth cycle for the 2026–2030 period.

In parallel, PDR will continue to maintain financial discipline, optimize costs and cash flow, and enhance capital efficiency. The Company is also advancing brand development, digital transformation, and ESG integration across the entire project lifecycle to strengthen long-term competitiveness.

The Chairing Panel addresses shareholders’ questions during the discussion session.

Notably, BT (Build–Transfer) projects have been identified as a strategic growth pillar in the new cycle. PDR will continue to resolve outstanding BT-related matters while progressively implementing new BT projects, thereby establishing an additional growth driver alongside its core real estate development activities.

Over the longer term, PDR targets cumulative revenue of VND 44,848 billion and profit after tax of VND 11,812 billion for the 2026–2030 period, while aiming to achieve a market capitalization of USD 2.2 billion by 2028, further strengthening its market position.

Strengthening Financial Capacity for The Next Phase

At the AGM, shareholders approved key proposals to enhance the Company’s financial capacity for the upcoming development phase.

Specifically, PDR plans to conduct a rights offering to existing shareholders at a ratio of 5:1, with expected proceeds of more than VND 1,995 billion. In addition, the AGM approved a 10% stock dividend issuance, with a total issuance value of up to approximately VND 1,197 billion.

Shareholders cast their votes into the ballot box.

With its internal foundation significantly reinforced in 2025, PDR is entering 2026 with greater clarity, stronger discipline, and enhanced execution capability.

The Company is now positioned to embark on a new growth cycle, focused on sustainable expansion and long-term value creation for shareholders.

About Phat Dat Real Estate Development Corporation

Phat Dat Real Estate Development Corporation (PDR) is a leading real estate developer in Vietnam, with a focus on residential, mixed-use, and urban development projects. The Company is committed to delivering sustainable developments that meet real market demand while enhancing long-term value for customers, investors, and the community.

The post Phat Dat Holds 2026 Annual General Meeting, Entering a New Growth Cycle appeared first on Phat Dat Real Estate Development Corporation (PDR: HOSE).

Accordingly, Chairman Nguyen Van Dat has completed the purchase of 3,000,000 (Three million) PDR shares through order matching on the stock exchange. The transaction was carried out between April 2 and April 7, 2026.

Prior to the transaction, Chairman Nguyen Van Dat held 271,757,264 shares, representing 27.24% ownership. Following the purchase of an additional three million shares as registered, he holds a total of 274,757,246 shares, equivalent to 27.54% ownership.

Read the full Report here.

The post Chairman Nguyen Van Dat completes purchase of 3 million PDR shares appeared first on Phat Dat Real Estate Development Corporation (PDR: HOSE).

Rendering of the 3-bedroom apartment at Lusso Saigon (Source: Developer).

During a visit to the 3-bedroom show unit, Park Taeho – Production Manager at Hansoll Vina – expressed interest in the larger units at Lusso Saigon, drawn by the open design and expansive views overlooking Landmark 81.

“With a demanding workload of 12–15 hours a day, coming home to a spacious, airy environment helps me recharge. Lusso Saigon stands out with its floor-to-ceiling curved glass, which fills the apartment with natural light during the day and offers sweeping views of the vibrant city at night,” he shared.

The curved floor-to-ceiling glass façade enhances panoramic city views, making it especially attractive to expat professionals. 

Sharing insights on housing preferences among international professionals, Mr. Vo Nguyen Hung – Country HR Director at Ipsos Vietnam – noted that most expatriates are accustomed to international living standards and expect the same wherever they work.

According to him, there are two main demand segments among expatriates in Vietnam: First, single professionals who prefer larger apartments that allow flexible use of space for both living and working from home. Second, expatriates relocating with their families. This group has higher requirements for living space, favoring 3-bedroom apartments with scenic views and flexible layouts that ensure both privacy for each member and comfortable shared living areas.

Rendering of the Project lobby.

“Rental budgets for expatriates at FDI enterprises typically range from USD 1,000 to 10,000 per month, depending on location, position, responsibilities, and housing type – whether high-end apartments or villas. Therefore, developments offering large-sized units, particularly within ‘All-in-One’ urban complexes managed by international hospitality brands, are often the preferred choice for this discerning segment,” Mr. Hung emphasized.

Experts also point out that while spacious layouts and thoughtful design are necessary conditions, being part of an ‘All-in-One’ development operated by an international brand will be the sufficient condition to retain expatriates for a long term.

The Sky Pool on the 20th floor adds to Lusso Saigon’s appeal in terms of amenities. 

Mr. Troy Griffiths – Deputy Managing Director of Savills Vietnam – commented that Vietnam is transitioning from low-cost manufacturing to high-tech production. Managers and experts in these sectors increasingly demand higher living standards, requiring developments to offer premium amenities such as swimming pools, international schools, hospitals, and especially integrated shopping centers.

As one of the professionals exploring Lusso Saigon, Mr. Sumit Kamra – Strategy Development Director at Kantar Insights Vietnam – highly appreciates the project’s “All-in-One” concept.

International professionals are willing to pay 20–50% more to rent larger apartments in premium “All-in-One” developments (Source: Developer).

“I think one of the most impressive aspects of this apartment is its convenience, as all amenities are integrated within a single ecosystem. Convenience is crucial—it helps me recharge after a long day at work and reduces the stress of having to travel elsewhere for relaxation,” he noted.

As Ho Chi Minh City continues to attract a growing pool of global professionals, the demand for internationally standardized living spaces is becoming increasingly evident. With its flexible design, spacious layouts, and the “All-in-One” ecosystem operated by WorldHotels—the luxury brand under BWH Hotels, Lusso Saigon’s 3-bedroom apartments are gradually emerging as an ideal choice for both residential purposes and long-term investment.

Source: Dan tri.

The post Signature 3-bedroom apartments at Lusso Saigon attract expat professionals thanks to its flexible design appeared first on Phat Dat Real Estate Development Corporation (PDR: HOSE).

The four no’s model for a 5-star living experience

Speaking at the launch event of Lusso Saigon, Mr. Cyrill Czerwonka – General Manager, Head of Business Development for Asia-Pacific (APAC) at BWH Hotels – shared that Lusso Saigon is a branded residences tower (operated to international standards) under the exclusive WorldHotels Residences brand along Ho Chi Minh City’s 60-meter boulevard (National Highway 13).

“At Lusso Saigon, we craft a refined resort-style experience in every detail. Residents will enjoy professional, on-demand personalized services, so that every day feels like a stay at a world-class resort,” the BWH Hotels representative emphasized.

Living at Lusso Saigon means every time you come home feels like enjoying the comfort of a 5-star hotel.

Accordingly, the exclusive “four no’s” model is applied specifically for Lusso Saigon homeowners.

No worries about household chores, as WorldHotels provides essential services (available 16 hours a day, with a professional concierge team and an in-depth A-La-Carte system tailored to individual needs).

No need to remember schedules, as WorldHotels acts like a personal assistant—handling spa bookings, taxi, flight tickets, restaurant reservations, and timely reminders. At the same time, the tower integrates the MYBOS software system with over 50 management features, including inspections, facility bookings, direct communication, multi-functional calendars, and cashless payments.

No concerns about environmental deterioration, as all landscapes and amenities are rigorously maintained and managed according to international standards.

No need to self-manage rentals, as assets are operated under international standards. Owners do not have to worry about leasing, as all entrusted units are professionally managed, with third-party tenants strictly supervised according to 5-star hotel standards.

A rare branded residences tower with strong investment potential in Ho Chi Minh City

If international-standard management by WorldHotels is a necessary condition, then its prime location, the planned metro station right at the doorstep, along with an “all-in-one” urban development featuring an integrated shopping mall, form the sufficient condition for Lusso Saigon to join the limited collection of branded residences projects in HCMC.

According to analysts, in an increasingly competitive real estate market, the presence of Phat Dat as a developer in the branded residences segment is considered a bold and ambitious move. This is because only a handful of developers with strong capabilities and superior product quality can qualify to enter this segment.

A prime location along a 60-meter boulevard, combined with a planned metro station right at the doorstep, enhances Lusso Saigon’s appeal and ensures seamless connectivity.

Reviewing the key criteria of a branded residences tower, Lusso Saigon stands out with its rare 60-meter-wide boulevard frontage—an asset considered highly difficult to replicate.

From the project, residents can reach Ba Son Bridge in about 20 minutes, while also benefiting from the planned Thu Dau Mot – Ho Chi Minh City metro line, with a station located directly in front of the development. This line is among the ten urban railway routes prioritized for implementation before 2030, unlocking future connectivity and value appreciation potential.

Illustration of a sky pool on the 20th floor.

Lusso Saigon’s advantages also lie in its living environment and integrated amenities, designed as a “vertical journey” from ground level to the rooftop—fully accommodating shopping, entertainment, healthcare, and education needs within a self-contained complex. The development features 20,000 sqm of retail space, including a shopping street inspired by Japanese–Korean–Vietnamese styles, a Japanese-standard clinic, two international-standard schools, a Sky Pool on the 20th floor, pickleball courts, and more—all located within the premises.

The “all-in-one” model, with amenities right at residents’ doorstep, optimizes daily living time, as all essential needs can be met with just a single elevator ride.

A retail podium at the base further differentiates Lusso Saigon within its surrounding area.

Notably, Lusso Saigon is among the first developments in the area to integrate Lusso Plaza—a large-scale, three-level in-building shopping mall featuring fashion brands, dining, premium services, cinemas, and more, catering to modern residents and expatriate professionals.

From an investment perspective, Lusso Saigon benefits from strong rental demand, supported by approximately 55,000 experts working in FDI enterprises in the area. This tenant group typically prefers long-term leases of 2–3 years.

With the partnership of WorldHotels, Lusso Saigon is expected to become one of the most desirable branded residences towers in Ho Chi Minh City, while also generating stable rental income and strong liquidity for investors, driven by a ready pool of high-quality professionals in the vicinity. Ultimately, it represents a necessary step-up in standards, keeping pace with global integration and offering an international lifestyle in the City’s heart.

The post Privileges reserved for Lusso Saigon residents appeared first on Phat Dat Real Estate Development Corporation (PDR: HOSE).

PDR recorded key highlights that activate the strength and resolve of Phat Dat people. The April 2026 Internal Newsletter focuses on the following:

• Millennium Apartment residents officially received ownership certificates, marking an important milestone in completing legal procedures and reinforcing customer trust.

• The Company participated in the investment review process for the Thu Thiem Eco Smart City project, demonstrating its financial capacity and ability to engage in large-scale investments alongside international partners.
• A consortium represented by the Company has been allocated more than 19,000 m² of land in Dong Nai to develop a riverside high-rise mixed-use residential project, expanding its presence in the key southern region.
• Partnership with WorldHotels – an international hotel management brand – to operate the Lusso Saigon tower, marking a step forward in the branded residences segment and aligning service quality with international standards.

• Construction at La Pura project continues to maintain strong progress, with multiple milestones achieved and readiness for subsequent development phases.

Through these activities and achievements, the Company continues to affirm its consistent commitment to a sustainable development strategy, while progressively strengthening its market presence through effective project execution, collaborative partnerships, and higher operational standards.

Read the full Newsletter here.

The post PDR Highlights – April 2026 Internal Newsletter: Activating inner strength for a new phase appeared first on Phat Dat Real Estate Development Corporation (PDR: HOSE).