The real estate industry recorded positive recovery results in the first half of 2024. In addition, the real estate market has changed as many businesses with large-scale, modern projects are striving to contribute to boosting the economy and creating a new look for local tourism.
Many advantages for real estate to return to the race but need more time to overcome difficulties. In the second quarter of 2024, the real estate group recorded a total profit of more than 13,300 billion VND and many large enterprises still have hundreds of thousands of billions of unrecorded revenue, showing a strong recovery, ready to return to the race in the second half of 2024 and create momentum in 2025. Yuanta Vietnam Securities Company forecasts that the group of 20 largest real estate developers will record a 41% increase in revenue compared to last year, with an 8% increase in after-tax profit. Notably, the prospect of FDI capital flows is a positive signal for a year of economic recovery, and foreign investor confidence seems to be on the rise.
Many businesses are making efforts to recover, invest in amenities and activities to create destinations, showing signs of recovery in the real estate market.
According to Vietnam International Securities Company (VIS), opportunities for real estate stocks are still ahead. But it may take more time as the purchasing power in the market is still not as expected and many businesses are continuing to restructure their finances, pay off bonds and expect continued support from many parties. "When the legal problems of the projects are resolved, with all its resources and efforts, with the thorough direction of the Government and the support of related parties, Novaland will satisfactorily resolve the wishes of customers and investors," said a Novaland representative. Appreciating Novaland 's efforts in recent times, SSI representative shared at the recent Financial Partner Golf Tournament at PGA NovaWorld Phan Thiet: "Standing here, looking at the existing utilities before our eyes and experiencing the actual service utilities of the ecosystem, we are very happy for Novaland when we see the project is vibrant and lively again. I also hope that the financial community will continue to accompany Novaland to recover soon and overcome difficulties."
Many construction partners are ready to continue implementing the project with Novaland.
While waiting for the market to gradually recover due to new laws or the resonance of the macro economy, many businesses have restructured themselves, making efforts to complete utilities to increase the value of real estate, bringing financial efficiency to investors as well as contributing to changing the face of the locality.
Many businesses are making efforts to recover, speed up construction of utilities and hand over products, showing signs of recovery in the real estate market.
With many exciting and attractive activities taking place continuously in July 2024, Binh Thuan tourism continues to be a favorite destination for both domestic and international tourists with an estimated revenue of 2,160 billion VND. Of which, NovaWorld Phan Thiet has attracted more than 1,000,000 visitors to enjoy and experience services in June and July 2027. That result is partly due to the potential of the project, which is attracting many partners to join and choose this place to organize special activities. At the same time, it proves that the investor's efforts to overcome difficulties in the past time have achieved positive results.
NovaWorld Phan Thiet with its complete investment in amenities is becoming an attractive destination for domestic and foreign tourists.
At the recent investor meeting at NovaWorld Phan Thiet, financial partners shared: "The new vitality of this urban area makes us feel intuitively about the project situation and clearly see the rental potential of the product here. More than 40,000 guests staying at the villa last month with a rental rate always above 90% is really an impressive number and a big difference compared to many resort urban areas in Vietnam. Although there are still many difficulties ahead, I acknowledge Novaland's continuous efforts to bring traffic, vitality and value to the project that customers are investing in". As for the representative of PVcomBank, "NovaWorld Phan Thiet is now much more vibrant than in previous years with many entertainment and dining facilities. We are very surprised because the number of visitors to the project is quite large, the subdivisions have been handed over bustlingly, attracting many investors. This is a positive signal proving the potential of the project".
With new vitality at the project, many residents and investors have received houses, exploited business, and welcomed the tourism wave.
Mr. Nguyen Minh, Vice Chairman of Binh Thuan Provincial People's Committee, highly appreciated the NovaWorld Phan Thiet project with full facilities, synchronous investment, well meeting the needs of tourists and is contributing to clearly changing the tourism industry of the province as well as creating job opportunities for tens of thousands of workers, improving social security, thereby contributing to making Phan Thiet - Binh Thuan one of the leading destinations in the region. Source: https://thanhnien.vn/cac-dai-do-thi-gia-tang-tien-ich-moi-du-lich-dia-phuong-them-suc-hut-185240821082833194.htm
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