The stock market has seen a dramatic surge in real estate stocks, notably Novaland’s NVL, which hit the ceiling price. This indicates a recovery in the real estate market, especially as legal issues are gradually resolved. The People’s Committee of Dong Nai approved the planning of major projects, facilitating the development of urban and residential areas. Forecasts for 2025 suggest that this recovery will continue thanks to a complete legal framework and the investment in infrastructure positively impacting housing demand. However, the disparity among real estate companies remains noticeable, with those having projects ready for delivery poised to benefit the most. Revenue and profit in the sector are expected to improve, but growth rates might still be limited in the first half of 2025. The market is likely to move in a selective trend, focusing on apartments and low-rise houses near new industrial areas and infrastructure.
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