Realty Holdings acquired 2 projects from Phat Dat worth 40,000 billion VND

Specifically, Realty Holdings Real Estate Company has acquired all products of two projects: Thuan An 1 and 2 high-rise residential area (Binh Duong) and Bac Ha Thanh urban area (Binh Dinh). In which, Thuan An 1 and 2 high-rise residential complex, located on the frontage of Nguyen Thi Minh Khai Street, Thuan An City, Binh Duong Province, has a total area of ​​4.46 hectares, including Thuan An 1 (1.81 hectares) and Thuan An 2 (2.65 hectares), with 970 products. Bac Ha Thanh urban area project is located on the frontage of National Highway 19, right in the new urban center of Tuy Phuoc District, Binh Dinh Province, with a total area of ​​43.16 hectares, with a total number of 1,422 products.

By the end of 2023, Phat Dat will no longer have bond debt.

Regarding the legal basis, in December 2023, the Thuan An 1 and Thuan An 2 projects were granted construction permits by the Department of Construction of Binh Duong province. In January 2024, the project started construction, starting with the foundation, piles, and diaphragm walls. By April 2024, the Department of Construction of Binh Duong province had granted a construction permit for phase 2 to implement the construction of the basement and the main part of Thuan An 1. Currently, the project is accelerating construction progress.

In October 2023, the Bac Ha Thanh urban area project was allocated land by the People's Committee of Binh Dinh province and granted a construction permit by the Department of Construction of Binh Dinh. At the end of 2023, the project continued to be granted a construction permit to level the ground for the project, and is currently accelerating construction progress.

According to the plan, the Thuan An 1, 2 high-rise complex housing project and the Bac Ha Thanh urban area are 2 of 6 projects of Phat Dat with a total value of about 40,000 billion VND.

Phat Dat Company said that in 2024, it will focus on the key goals of completing the after-tax profit plan of VND 880 billion, continuing to complete the legal procedures of projects, focusing on sales to have a stable cash flow and looking for land funds with prime locations to invest in project development. It is known that by the end of 2023, Phat Dat Company will no longer have bond debt.

Source: https://thanhnien.vn/realty-holdings-mua-lai-2-du-an-cua-phat-dat-tri-gia-40000-ti-dong-185240512181056778.htm