The stock market is experiencing strong inflows into the real estate sector, particularly Novaland’s stock (NVL), which has surged to its ceiling price amid active trading. NVL has risen over 70% in less than two months, reaching its highest level in nearly a year. This stock surge is occurring amidst a recovery in the real estate market as legal obstacles are being resolved, notably in Dong Nai with significant projects like Long Hung Residential Area and Aqua City. Forecasts for 2025 suggest the market will continue to recover with critical legislation aiding in overcoming obstacles. Low interest rates and infrastructure investment are stimulating housing demand. However, the market is expected to display significant differentiation, with firms ready to hand over projects having more advantages. Revenue and profits are expected to improve by late 2025 and into 2026, as new projects come online.
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