The stock market has seen a strong recovery in real estate stocks, particularly Novaland’s NVL stock, which surged to its ceiling, attracting attention with lively trading and increasing over 70% in two months. This positive trend is driven by the removal of legal obstacles, facilitating the launch of major projects, especially in Dong Nai province. The government has approved plans for several urban and residential areas, boosting demand. Additionally, supportive measures such as low interest rates, infrastructure development, and public investment are providing a solid foundation for the market.
Reports indicate that in 2025, the market is expected to continue its recovery but in a selective manner, with apartments and low-rise houses in satellite urban areas anticipated to flourish. While overall industry revenue is improving, there is a noticeable disparity among companies, with firms that have ready-to-deliver projects like VHM and NLG being in a better position.
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