During a meeting on May 7, Working Group 5013 of the Ho Chi Minh City People’s Committee agreed to grant ownership certificates for the apartments and commercial lots of the GardenGate project by Novaland. The project, located in Phu Nhuan District, was completed and handed over in 2018, encompassing a total of 800 apartments from two projects: GardenGate and The Tresor (39 Ben Van Don, District 4). Novaland is working with state agencies to review financial obligations to expedite the issuance of ownership certificates for officetel products. In this context, Novaland’s stock (NVL) has notably rebounded after hitting a low of 7,880 VND on April 9, increasing to 12,650 VND by May 7, buoyed by positive legal signals and financial restructuring plans.
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