Company collaborates with Keppel Group on project in Thu Duc, expects 2026 profit to reach 2 trillion VND, will release 6,000 apartments, 1,000 villas, townhouses in the next 2 years

Khang Dien Investment and Real Estate Trading Joint Stock Company (KDH) expects a net profit of 2 trillion VND in 2026, doubling from 2025, driven by the Gladia by the Waters project in Thu Duc. This project spans 11.8 hectares, with KDH holding 51%, set to offer 6,000 apartments and 1,000 villas and townhouses over the next two years. Revenue is projected to be recognized in Q4 2025 from low-rise products, while high-rise products will be launched in 2026.
KDH is also accelerating the development of other projects in Ho Chi Minh City covering a total area of 150 hectares, which will significantly contribute to the company’s revenue. The The Solina project is expected to start selling by the end of 2026, with each low-rise unit estimated at around 10-12 billion VND. The company believes the central market will continue to recover, creating favorable conditions for development projects.