PHAT DAT REAL ESTATE DEVELOPMENT CORP, registered under the Business ID (TIN) 0303493756, is located at No. 357-359, An Duong Vuong Street, Ward 3, District 5, Ho Chi Minh City, Vietnam. The company commenced operations on 13 Sep 2004, marking its official entry into the business sector. With a charter capital of VND 8,731,400,830,000, PHAT DAT REAL ESTATE DEVELOPMENT CORP is financially equipped to support its business activities. The strategic decisions of PHAT DAT REAL ESTATE DEVELOPMENT CORP are overseen by NGUYEN V.D and NGUYEN T.D and BUI Q.A.V and NGUYEN D.T and NGUYEN K.S and VU K.D and TRANG T.M.T and NGUYEN T.T and TRUONG N.D and NGO T.V and TRAN T.H, who plays a critical role in guiding the company's direction.
On the real estate market in 2019, Phat Dat Real Estate Development Corp is one of the real estate developers that has received a lot of attention because of its strong growth rate when not only owning many projects in Ho Chi Minh, Binh Duong, Ba Ria - Vung Tau, but this company also owns many real estates in the central region such as Da Nang, Binh Dinh, Kien Giang, Cam Ranh, Hoi An, Quang Nam... The company's PDR shares are listed on Ho Chi Minh City Stock Exchange (HoSE) on July 09, 2010.
Since mid-2022, the real estate market has plummeted to the bottom of the cycle. Although there are generally positive signs again, most experts assess that it is difficult for the real estate market to immediately return to the peak of the cycle - the "transaction boom".
In 2023, most real estate businesses fell into a difficult spiral, including bond debt problems. In that context, the subject became a rare enterprise that has paid off all VND 2,500 billion, bringing the outstanding bond debt to zero. As of the beginning of 2023, the subject still had more than VND 2,510 billion outstanding bond debt from 9 bond lots issued from 2021 - 2022. Most of them matured in 2023. Notably, most of the above bond lots had PDR shares as collateral. At this time, PDR shares "plunged" vertically to a price of about VND 10 - 12,000 /share, "evaporating" more than 80% of the market price compared to the peak price (October 2021). The company sold projects that could be sold to collect money to repay debt or support business funds. There are even projects that if sold before would have fetched a very high price, but the subject needed money and had to sell at a loss.
Regarding business orientation for 2024, the company will focus all resources, especially financial and human resources, determined to boost sales activities in the hope of achieving major cash flow goals. According to the plan, the company will bring to market 4 key projects: Thuan An 1 and 2 in Binh Duong province, Poulo Condor in Con Dao (Ba Ria - Vung Tau province), Cadia Quy Nhon and Bac Ha Thanh in Binh Dinh province.
Specifically, Thuan An 1 and 2 projects have a total scale of 4.47 hectares, located right in front of Nguyen Thi Minh Khai street, in the center of Thuan An city (Binh Duong province) with a total expected investment of about VND 10,800 billion. The project will supply to the market a large number of apartment products, shophouses, and townhouses.
Poulo Condor Con Dao project (Ba Ria - Vung Tau province) is a tourist apartment and hotel complex in Bai Vong, Con Dao with a scale of 12 hectares, total investment of VND 8,282 billion. The project includes tourist apartments, shophouses, hotels...
The 5,246m2 Cadia Quy Nhon project is located at No. 1 Ngo May in the center of Quy Nhon City, Binh Dinh province. The project scale includes 2 40-storey towers and 3 basements including: 1 5-star hotel tower & 1 tourist apartment building, with 840 tourist apartments. Bac Ha Thanh residential area project in Binh Dinh province has a scale of 43.16 hectares with a total investment of VND 2,342 billion.
Another notable point, according to statistics, from 2007 - 2023, Phat Dat's total net revenue is about VND 21,232 billion. Expected revenue of VND 40,000 billion in 2024 - this is truly an amazing number, in the context of the current quiet real estate market.
The basic company report from Vietnam Business Information covers fundamental aspects and highlights the core competencies and operational focus of PHAT DAT REAL ESTATE DEVELOPMENT CORP. Additionally, the comprehensive company report provides an in-depth analysis and valuable opinions from Vietnam Business Information’s professional analysts.