Nhon Duc: Actualizing the cooperation in the South area of ​​Lotte Land and Van Phat Hung

On the last day of 2021, the real estate market in Saigon South witnessed a cooperation deal that promises to be the bright spot of this vibrant urban area in the new year 2022 and many upcoming years in the future.

On December 31, 2021, Van Phat Hung Joint Stock Company completed the transfer of 55% of the shares of An Hung Investment Trading Services Joint Stock Company to Lotte Land Company Limited, officially ending the deal that lasted since 2019.

This deal is notable because An Hung is the investor of the Nhon Duc Residential Area expansion project phase 1, in Nhon Duc commune, Nha Be district, Ho Chi Minh City. By co-operating with Van Phat Hung, Lotte Land officially affirms Lotte Group's long-term commitment to Vietnam's real estate market, especially in the South area with great potential for development.

Nhon Duc project has a scale of 32ha, implemented in 2 phases, positioned at the high-end segment including villas, townhouses and shophouses.

In which, phase 1 has a scale of 9.2ha, invested by An Hung. Phase 2 has an area of about 22.8 hectares, currently being completed by Van Phat Hung, Lotte Land and members.

In addition to the ongoing Nhon Duc project phase 2, Lotte Land also plans to accompany Van Phat Hung to continue developing the next projects.

The deal has not only helped Van Phat Hung to fulfill its 2021 target, but also become a notable cooperation in real estate market of Ho Chi Minh City in the near future thanks to strong financial potential and valuable experiences in building and developing high quality projects of both parties.

Regarding Nhon Duc, this residential area is highly appreciated by experts for its overal design. The project is a perfect combination between modern architecture and creative planning. Each villa, shophouse or townhouse here has an area of about 126 - 240m2, designed with a balcony overlooking the park and riverside which helps to create an airy living space, in harmony with nature.

In addition to the diverse internal facilities under construction, in the project campus, there are also 2 universities with 20,000 students - University of Physical Education and Sports Pedagogy and University of Natural Resources & Environment.

Converging a series of advantages, Nhon Duc Residential Area is currently emerging as a project with great attraction to investors. It is forecasted that in the near future, this residential area will become one of the new bright spots in the real estate market, especially in the South of Ho Chi Minh City.