Report
Giao Nguyen ...
  • Thach Lam Do

Real Estate Sector 2025 - BASIS FOR A STRONGER FUTURE

In 2024, the real estate market will continue to recover, especially in the North, when new projects for sale from reputable investors (Vinhomes, Capitalland, Gamuda Land,...) all have a high absorption rate (from 50 to 100%). In 2025, we believe that supply will continue to improve in the Northern market, which is a springboard for the spread of supply in the Southern market when: 1/ The National Assembly approves the pilot expansion of the land fund to be transferred for the purpose of building commercial housing; 2/ The new land price list helps to shorten the time for compensation and calculation of land used fee, helping many new projects to be implemented and previously suspended projects to be restarted; 3/ The Southern region is accelerating the project approval process.

Looking at the longer term, we believe that when the three laws on real estate are implemented, it will provide a complete legal framework, aiming for the civil real estate sector to develop more sustainably, and at the same time have policies to remove legal problems of real estate projects. Accordingly, we believe that developers with good financial resources, owning clean land bank with valid investment policies, will be the beneficiaries of this market. KDH continues to be our favorite company, with a potential land bank in Ho Chi Minh City. HCM. In addition, DXG is also a notable stock with the project ready to launch in 2025.
Provider
Viet Dragon Securities
Viet Dragon Securities

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Analysts
Giao Nguyen

Thach Lam Do

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