Real Estate Stocks in Thu Thiem Surge by 34% in a Fortnight: What’s Happening?

CII shares of Ho Chi Minh City Technical Infrastructure Investment Joint Stock Company have seen five consecutive trading sessions of ceiling price increase, reaching 21,850 VND/share on August 13. Since the beginning of August, these shares have surged about 34%, with a market capitalization of nearly 13.7 trillion VND. This growth coincides with Ho Chi Minh City’s announcement of plans to auction several land lots in the Thu Thiem urban area for 2025. The approved plan includes three land lots in Thu Thiem and seven outside it, alongside 3,790 apartment units. The Land Development Center is currently selecting a consultancy to establish the starting price appraisal. Some projects are projected to generate about 4.168 trillion VND, including the Thu Thiem Observation Tower complex. Additionally, CII’s leadership has sold all of its 500,000 shares.