Top real estate: Vietnamese real estate giants own a large land bank in 2020

Although the market in 2019 has many difficulties, many big players in the real estate industry still confidently enter 2020 with a large land bank in hand such as: Vinhomes (Vingroup), Novaland, Khang Dien, Dat Xanh Group...

In 2019 with many difficulties from the credit control policy for the real estate industry and the review of the legal situation of projects, however, some large real estate enterprises in Vietnam still entered 2020 with a confident attitude thanks to the land fund they own.

According to the assessment of Rong Viet Securities Joint Stock Company (VDSC), the enterprises that own large land fund are the big players in the industry.

This unit also forecasts positive signals for businesses with land bank in central locations and solid legal conditions.

Vinhomes has the largest land bank

VDSC statistics show that Vinhomes (VHM) is the real estate developer with the largest land bank, up to 14,900 hectares. In which, 50% of this enterprise's land fund is concentrated in Hanoi and Ho Chi Minh City, the rest is in vibrant areas such as Quang Ninh...

With projects Vinhomes Ocean Park, Vinhomes Smart City, Vinhomes Wonder Park, Vinhomes Grand Park in Ho Chi Minh City and Hanoi, Vinhomes is aiming to develop large-scale urban areas of several hundred hectares in the suburbs of Hanoi and HCMC.

Novaland ranked second

In second place in terms of huge land bank is Novaland Group (NVL) with 4,270 hectares. According to Novaland announced, this is the total land fund that this business owns and is researching and developing.

Novaland's development projects focus on three product groups: urban housing in Ho Chi Minh City, resort real estate and eco-urban areas in neighboring provinces. This enterprise also said that with the existing land fund, Novaland is capable of sustainable development in the next 10-20 years.

Statistical table of land fund of Vietnamese real estate giants in the market

VDSC's statistics also show that other real estate giants such as Khang Dien (KDH), Nam Long (NLG) also own large land banks, respectively 650 ha and 640 ha.

Khang Dien's land fund was accumulated mainly through the Vietnamese acquisition of Binh Chanh Construction Investment Joint Stock Company at the end of 2017 and is mainly located in Ho Chi Minh City. In the next two years, the two projects Verosa Park and Clarita will further contribute to the growth of this business with an expected average profit of 30-40%.

Meanwhile, Nam Long is continuing to expand its coverage to major provinces including Dong Nai and Hai Phong. According to VDSC's assessment, these are areas with great growth potential in the medium term due to the improvement of infrastructure conditions and are considered as gateways to connect with the northern and southern economic regions.

Nam Long's newly acquired land funds in 2019 are relatively large and are mainly located in the neighboring provinces of Hanoi and Ho Chi Minh City, in order to take advantage of the trend of shifting to the suburban market.

Other real estate businesses such as DIC Corp, Van Phu Invest, Dat Xanh, Ha Do... stand behind with a clean land bank of several tens to hundreds of hectares.

Forecasting the market, VDSC believes that investors are very active in accumulating land fund for future preparation, especially in the periphery. However, this unit also believes that in the current context, only projects in central areas such as Hanoi or Ho Chi Minh City will have a high absorption rate, while the situation will be more difficult for remaining provinces.

According to Zing