PARKLAND RESIDENTIAL AND COMMERCIAL COMPLEX CO., LTD

PARKLAND RESIDENTIAL AND COMMERCIAL COMPLEX CO., LTD, Business ID 0301212456, is an active foreign-invested enterprise headquartered at Room 5.09, 5th Floor, ST Moritz Building, 1014 Pham Van Dong, Hiep Binh Chanh Ward, Thu Duc City, Ho Chi Minh City. Established on 04 July 2008, the company operates as the investor in the real estate development project known as the Parkland Residential and Commercial Complex Area, focusing on trading in owned or leased property and land-use rights.

Led by Vu T. P. T., the company functions within Vietnam’s high-value property investment space, where market cycles, capital structure, and project progress strongly influence financial performance.

Operational Role and Development Profile

PARKLAND functions primarily as a project investor, carrying out activities related to residential and commercial property development. Its registered business activities also include specific financial-service auxiliaries, which complement its real-estate investment operations. The company’s ownership is entirely held by Eastern Real Estate Investment and Trading Limited Liability Company, reflecting a concentrated, single-owner structure typical of project-based real estate entities.

The company's business model is capital-intensive, reliant on long-term assets, and generally exposed to fluctuations in property market liquidity, lending conditions, and regulatory environments in Ho Chi Minh City.

Financial Performance and Market Signals

The financial data in the attached report reveals a company experiencing significant volatility, but also a notable rebound in 2024.

Key 2024 numbers include
Total Assets: USD 269.66 million (▲ 37.87%)
Sales: USD 30.85 million (▼ 66.55%)
Profit: USD 1.99 million (▲ 124.98%)
Equity: USD 48.22 million (▲ 574.3%)
Working Capital: USD 15.93 million (▲ 357.97%)

The most significant development is the sharp rise in equity, from USD 7.15 million in 2023 to USD 48.22 million in 2024. This drastic increase suggests a structural capital adjustment, likely through an injection of investment or a revaluation event. Asset growth also reflects a rebound in momentum after a significant contraction in 2023.

Sales, however, fell considerably after an extraordinary spike in 2023. The large swings in revenue reflect the nature of real-estate development, where income is often recognized unevenly as project progress, transfers, or milestones are achieved.

Profit recovery in 2024 is also notable, turning from a loss of nearly USD 8 million to a positive USD 1.99 million. Yet the pattern signals high operational risk and reliance on the successful completion of project phases. Real estate firms that show this level of volatility typically require careful due diligence on project timelines, debt obligations, and cash-flow stability.