Phat Dat won kèo tỷ lệ bóng đá auction for land use rights of Nhon Hoi Ecotourism Urban Area - Zone No. 2, Binh Dinh

Following kèo tỷ lệ bóng đá 2019 Annual General Shareholders’ Meeting, Phat Dat, again, won kèo tỷ lệ bóng đá bidding for land use rights (LUR) of kèo tỷ lệ bóng đá Zone No. 2 of 36.1 ha in Nhon Hoi Ecotourism Urban Area, Binh Dinh.

Binh Dinh - eventful real estate market

Since 2016, Binh Dinh has become somewhat of an epicenter for planning and construction of infrastructural projects, new urban areas as well as new modern township areas to develop kèo tỷ lệ bóng đá local economy and tourism services. kèo tỷ lệ bóng đá Binh Dinh real estate market has been significantly boosted by such activities, especially kèo tỷ lệ bóng đá real estate properties within hospitality in kèo tỷ lệ bóng đá region are gaining impressive price increase, confidently amongst kèo tỷ lệ bóng đá highest in Vietnam currently.

Figures released by kèo tỷ lệ bóng đá market research companies unveiled that kèo tỷ lệ bóng đá land price in kèo tỷ lệ bóng đá coastal areas of Quy Nhon surged over 100% in kèo tỷ lệ bóng đá past 12 months. kèo tỷ lệ bóng đá newly developed coastal areas such as Nhon Ly and Nhon Hoi were characterized by price escalation of nearly 4-5 compared to 2014 - 2015. However, such escalation is still expected to occur as kèo tỷ lệ bóng đá supporting infrastructure completes and hospitality projects are in operation. kèo tỷ lệ bóng đá real estate price escalation was caused by mismatch in supply – demand whereas demand tipped kèo tỷ lệ bóng đá scale, giving massive motivation to real estate “giants” in Vietnam to be present, especially large developers from Hanoi and Ho Chi Minh City. As of this very moment, Binh Dinh is housing more than 70 ongoing real estate projects within hospitality, residential area and urban area developments.

Phat Dat continues winning auction of land use rights in Binh Dinh

Grasping kèo tỷ lệ bóng đá market shift, Phat Dat had invested great efforts at recent auction for land use rights and development of residential area projects in Binh Dinh. On 1 April 2019, Phat Dat and 3 other real estate players joined kèo tỷ lệ bóng đá auction for kèo tỷ lệ bóng đá land use rights (LUR) of kèo tỷ lệ bóng đá 36.1 hectares Zone No. 2 of kèo tỷ lệ bóng đá Nhon Hoi Ecotourism Urban Area.

According to kèo tỷ lệ bóng đá approved detailed 1/500 scale plan of Nhon Hoi Ecotourism Urban Area, Zone No. 2 is planned for residentials, including 20.8 hectares for detached villas and attached residences, condominiums and 2.7 hectare land for supporting services. All and all, coupled with a construction density of 50-60%, depending on kèo tỷ lệ bóng đá actual land category. Total investment is expected to be approximately VND 7,970 billion.

kèo tỷ lệ bóng đá auction was concluded by indirectly voting with kèo tỷ lệ bóng đá highest bid, Phat Dat exceeded “heavy” competitors such as Vinaconex  (ticker: VCG) at several direct auction rounds and officially won kèo tỷ lệ bóng đá auction of land use rights for kèo tỷ lệ bóng đá urban development investment projects in Zone No. 2, worth approximately VND 1,100 billion.

Project development strategy in key non-HCMC markets

Winning auction of land use rights for Zone No. 2 of Nhon Hoi Ecotourism Urban Area Project was kèo tỷ lệ bóng đá next step to enhance Phat Dat’s powerful presence in Binh Dinh. Previously, at kèo tỷ lệ bóng đá beginning of 2019, Phat Dat was awarded kèo tỷ lệ bóng đá land use rights of 34.1-hectare Zone No. 4 of kèo tỷ lệ bóng đá same Project and selected as kèo tỷ lệ bóng đá investor to develop Bac Ha Thanh Residential Area Project, covering an area of 55.7 hectares. Phat Dat currently own a total of 120 hectares land bank in Binh Dinh region.

Coupled with prompt development of kèo tỷ lệ bóng đá Binh Dinh projects, Phat Dat is deploying similar projects in Quang Ngai and Phu Quoc. Among kèo tỷ lệ bóng đá 426 hectares of land bank to be developed in 2019 by PDR, up to nearly 400 hectares account for non-HCMC residential area and urban area projects. This unveils that PDR’s clear, solid and focused strategy to develop projects with land plots as main products in strategic non-HCMC key real estate markets.

Feasibility for kèo tỷ lệ bóng đá 2019 revenue and profit objectives

Changes in land bank development strategy and continuous successful biddings of residential areas and urban areas development project in key markets enhance Phat Dat to be much ambitious in business objectives in 2019. At kèo tỷ lệ bóng đá Annual General Shareholders’ Meeting, a target of VND 9,000 billion in revenue was approved. Accordingly, kèo tỷ lệ bóng đá revenue from kèo tỷ lệ bóng đá non-HCMC residential area and urban area projects made up approximately VND 2,000 billion. kèo tỷ lệ bóng đá 2019 pre-tax profit plan of VND 1,000 billion was approved, significantly up by 32% compared to 2018.

“kèo tỷ lệ bóng đá profit growth rate of 20-25% can certainly be maintained” as shared by Mr. Nguyen Van Dat, Chairman cum CEO.

kèo tỷ lệ bóng đá stock market’s positive responses to kèo tỷ lệ bóng đá changes in land bank development strategic as well as PDR’s projects, clearly indicated a trust to Phat D at’s 2019 plan whichc is shown through stock price (ticker: PDR) that surged over 13% in Q1/2019 with average transaction volume of approximately 1 million shares. Meanwhile, majority of other real estate share price remained unchanged or decreased.