Business

Revenue target of 1,600 billion VND but no new project mark yet

In the annual report for 2021, Hoa Phat Group said that last year, revenue from the industrial zone real estate segment reached nearly VND 980 billion, an increase of 83% compared to 2020 and is the main source of revenue for Hoa Phat Real Estate Corporation. Industrial parks are continuously expanding, especially Pho Noi A Industrial Park is expected to reach 900 hectares.

In 2022, it is expected to reach revenue from the real estate sector will reach about 1,600 billion dong. In particular, the rental of industrial park infrastructure is expected to bring in about 1,500 billion.

About industrial real estate segment, Hoa Phat owns and operates 3 industrial zones, including: Pho Noi A Industrial Park – 688 ha (Hung Yen), Hoa Mac Industrial Park – 131 ha (Ha Nam), Yen My II Industrial Park – 313 ha (Hung Yen). The total land fund of the industrial zone that Hoa Phat has approved for planning is 1,133 ha. The occupancy rate of IPs is approximately 100% of the area invested in infrastructure, bringing stable and sustainable income for Hoa Phat. This is quite an impressive number in the context that many production and business industries have been delayed due to Covid-19.

Hoa Phat said that the group’s industrial zone system has well attracted the wave of shifting production investment to Southeast Asian countries. Many large foreign investors come from Korea, Japan, the US, the Netherlands, and Switzerland.

Meanwhile, about urban real estate segmentthe number of Hoa Phat’s projects is quite small and they are all projects invested many years ago such as Mandarin Garden 1 Complex (2.5 ha) in Cau Giay District, Mandarin Garden 2 Complex (1 ,3 ha), Apartment 70 Nguyen Duc Canh, in Hoang Mai district, Hoa Phat Apartment 257 Giai Phong, Dong Da district.

Hoa Phat returns to the real estate race: The revenue target is VND 1,600 billion, but there is no sign of a new project - Photo 1.

As of 2021, Hoa Phat has completed 20 years of operation in the real estate industry. However, the main impression comes from industrial park real estate.

After a period of not being too “enthusiastic” with the real estate segment, in 2021, Hoa Phat suddenly awakened the return to this market by increasing the charter capital of Hoa Phat Real Estate Development Joint Stock Company. to 6,000 billion. Hoa Phat said it will focus on urban real estate and industrial real estate.

Along with that is the positive move Hoa went to survey and consult for investment in urban areas in many localities.

In Hai DuongThe Group proposes to implement a project to build an international golf course and an ecological urban area with a scale of about 385 hectares, in two communes Duc Xuong, Doan Thuong, Gia Loc district and Hong Duc commune, Ninh Giang district, Hai province. Positive.

At the end of November 2021, Hoa Phat and KDI Holdings want to research and invest in projects in the area City. Nha Trang and Ninh Hoa town, including: Planning of zoning along the banks of Cai River and development of projects in Ho Chi Minh City. Nha Trang; Ninh Hoa industrial – urban – service dynamic economic zone in Ninh Xuan, Ninh Sim and Ninh Tay communes. According to the proposal, this economic zone will have full functions such as a multi-industry general industrial park, a hot mineral spring urban area, a conservation area, an amusement park and a golf course service urban area.

In addition, in early 2022, this enterprise also worked with provincial leaders Hue to seek investment opportunities and develop urban areas in this locality.

However, the development of new projects does not happen overnight. Therefore, IP real estate will still be the main source of income for Hoa Phat’s real estate segment in the coming time, at least this year.

At the end of November 2021, Hoa Phat also proposed to add more than 1,600ha of land to implement a series of large projects in Dung Quat Economic Zone. In addition to the purpose of expanding the area of ​​factories, the Group proposed to add 361 hectares to expand the planning of Hoa Phat Industrial Park, and at the same time proposed to add 128 hectares in Binh Duong commune to invest in an urban residential area. mixed market for resettlement projects.

https://cafebiz.vn/hoa-phat-tro-lai-duong-dua-bat-dong-san-muc-tieu-doanh-thu-1600-ty-dong-nhung-chua-co-dau-an- du-an-moi-20220419170751046.chn


Hoang Thuy

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