Top 5 real estate enterprises owning the largest residential land bank in Vietnam

<Vinhomes, Novaland, TTC Land, Nam Long and Green Land, are 5 leading real estate enterprises holding more than 19,000 ha of residential land, of which 3 units have large enough land fund to develop urban areas Vinhomes (Vingroup), Novaland and Nam Long.

Land fund owned by real estate enterprises 

Statistics show that 14 listed housing real estate enterprises own nearly 22,000 hectares of land ready for project development. In which, leading is Vinhomes with about 14,500 hectares, Novaland with nearly 1,825 hectares, TTC Land with more than 1,786 hectares, Nam Long with 680 hectares and Dat Xanh with 493 hectares (TTC Land's land fund includes more than 1,266 hectares of industrial park land. ). Excluding the land fund for industrial park development, TTC Land's clean residential land fund is behind Nam Long.

Vinhomes land fund

According to data of a good financial company in Vietnam, Vinhomes' clean land fund is currently up to 14,500ha. Vinhomes focuses on developing complex real estate and commercial real estate products (excluding retail/commercial real estate).

The residential real estate products of Vinhomes are identified under the brand name Vinhomes. Vinhomes-branded products have convenient locations in key cities and provinces across the country.

Novaland Land Fund

Novaland's land fund for developing real estate products and tourism projects is estimated at 1,825 hectares, according to the opening sale. Of which, about 1,040ha of Novaland's land fund is located in Phan Thiet. More than 100ha is located in Can Tho, most of the rest is concentrated in Ho Chi Minh City. Ho Chi Minh.

TTC Land Land Fund

TTC Land recently announced TTC owns a very small advantage in terms of assets with a total adjacent land bank of 1,900 hectares stretching from North to South at this 95% approximately 1,786 hectares as the land fund will develop in the future, 23ha (1%) are delivered products and 79 ha (4%) are projects in progress and will be handed over from 2019 to 2022.

The report shows that, of more than 1,641ha of TTC Land's land, 1,266ha are land for industrial zones in Tay Ninh and Long An; 289ha of land for tourism - hotel - restaurant development in Phu Quoc. The rest of residential land, commercial area in Ho Chi Minh City. Ho Chi Minh City, Dong Nai, Da Nang, Lam Dong, Hai Phong.

Nam Long Land Fund

Although Nam Long is ranked after TTC Land in terms of total land fund, if separating the land fund for industrial park development, Nam Long's residential and commercial land fund is ranked third, just behind Vinhomes and Novaland. Nam Long has 681.3ha of land with a "red book" to develop housing products, concentrated in Long An, Dong Nai, and Ho Chi Minh City. Ho Chi Minh, Can Tho and Hai Phong, Hanoi.

The strong advantage of Nam Long is that most of the clean land fund was invested in previous years, so the cost is low. For example, only the land area of 165 hectares (raw land) in phase 1 of Waterpoint Ben Luc (Long An) equivalent to 45% total project area (355ha) estimated by Cushman & Wakefield (C&W) at about 65 USD/m2, equivalent to the real estate value of phase 1 at about 106.8 million USD (equivalent to 106.8 million USD) 2,430 billion VND). Meanwhile, the entire 355ha above-mentioned area was recorded on Nam Long's books at the initial value of VND1,504 billion.

So with the assumption that Nam Long will contribute 50% capital to the joint venture to implement the Waterpoint project, Nam Long will probably record an additional 1,700 billion dong of profit from valuing the 165ha land.

Land fund of Dat Xanh Group

The unit ranked 5th is Dat Xanh Group. Estimated land fund of Dat Xanh is more than 492ha. In which, 456ha of land is concentrated in 2 areas of Quang Nam and Nha Trang; the rest in the city. Ho Chi Minh.

Only in Ho Chi Minh City

Calculate the land fund for housing and commercial product development in Ho Chi Minh City. In Ho Chi Minh City, excluding Vinhomes and Novaland, Nam Seven Bay is leading a group of 12 enterprises with nearly 56ha; followed by Nam Long with 47.3ha; ranked 4th is Dat Xanh with nearly 37ha; 5th place is TTC Land with nearly 35ha.

In addition, in terms of land plot size for urban project development, Vinhomes, Novaland, Nam Long, Van Phu - Invest and DIG are the top 5 enterprises with land fund for urban development. Vinhomes has a land bank of 14,500ha; Novaland is estimated to have about 650ha; Nam Long has 466ha; Van Phu - Invest has about 116ha; DIG has about 100ha of land to develop urban areas.

Legal status 

The "shock" in 2018 called "legally reviewed project" has caused many real estate projects to "wait", through which many businesses have to spend more money to negotiate with home buyers. Due to the slow delivery of the house, the increase in loan costs, and the psychology of homebuyers who have moved in, they are also insecure when they do not hold the "red book" in their hands. Therefore, the keyword of the real estate industry in 2019 is not "cash", "land fund", but "must have a red book".

The status of the project being subject to legal review and lengthy administrative procedures is forecasted to be unpredictable in 2019. Therefore, investors who own a clean land fund, have a "red book" and a clear legal status. favorable conditions for strong development this year and the following years due to the high demand for housing and the scarcity of products in the market.

Land fund of 14 listed real estate enterprises (ha)

Source: Cafef