Mr. Bùi Thành Nhơn, Chairman of Novaland, predicts that 2025 will be a pivotal year for the company’s restructuring. Novaland is facing challenges amid fluctuating economic conditions but remains confident in its recovery capabilities. The company has set two scenarios for 2025, aiming for revenue between 10,453 and 13,411 billion VND, despite potential losses. In 2024, Novaland plans to issue up to 350 million shares and restructure an international bond package of 300 million USD. The firm has more than 28,000 commercial apartments and is focused on major projects like Victoria Village, The Grand Manhattan & Soho Residence, and Aqua City Phoenix Island. Victoria Village is set to deliver in Q4 this year, offering over 1,000 apartments. The Grand Manhattan will also be delivered in 2025, priced around 5,000 USD/m2. Furthermore, Aqua City Phoenix Island in Dong Nai, covering 614 hectares, is projected to be delivered in 2026.
Leave a Reply