According to a recent report by Shinhan Securities, Vinhomes currently owns a land bank of 18,152 ha, which is much larger than other real estate companies. In particular, Vinhomes has increased its land bank by more than 1,807 ha since the beginning of 2023.
Specifically, the newly approved investment projects of Vinhomes include: Dương Kinh – Kiến Thụy New Urban Area (241 ha); Hậu Nghĩa – Đức Hòa – Long An New Urban Area (197 ha); Cam Ranh – Khánh Hòa Coastal Urban Area (1,254 ha); Cam Nghĩa – Khánh Hòa Social Housing (88 ha); Đình Vũ – Cát Hải – Hải Phòng Social Housing (27 ha).
Furthermore, Vinhomes is actively seeking more potential projects to ensure future land development. With the current land bank of 18,152 ha, Vinhomes has enough projects to implement for over 30 years.
Shinhan Securities evaluates that Vinhomes’ land bank is not only large, but also of high quality. If we consider only Hanoi and Ho Chi Minh City, where the population growth rate and urbanization rate are high while the inner city land is becoming scarce, Vinhomes has a land bank of 5,489 ha.
In Hanoi, notable upcoming projects of Vinhomes such as Vinhomes Cổ Loa and Vinhomes Wonder Park are relatively close and also have convenient transportation connections, so the travel time to the city center is only about 15 to 40 minutes.
Similarly, in Ho Chi Minh City, the key project of Vinhomes in the future is Vinhomes Long Beach Cần Giờ, which can be considered as leading the long-term trend of the real estate market when many infrastructure projects will be invested in the future, notably the Cần Giờ Bridge with an investment capital of 10,000 billion dong to connect Cần Giờ district – a planned central position in the southern Gulf region.
Not stopping there, in early February this year, Vinhomes also targeted a project in Long An. Specifically, according to the result of opening investment registration documents for the new Phước Vĩnh Tây New Urban Area project, Cần Giuộc district (Long An) announced by the Department of Planning and Investment of Long An, the joint venture between Vinhomes JSC and Vietnam Investment Group JSC (VIG) is the sole investor registered for implementation.
The Phước Vĩnh Tây New Urban Area project has an area of about 1,090 ha, with a population scale of about 89,960 people. There will be commercial housing products in the form of rough-constructed houses (including about 7,050 townhouses, about 8,194 villas); about 13,440 social housing apartments; and about 2,370 low-rise resettlement houses.
The project has a duration of 50 years and an implementation period of 7 years (from the date of approving the investor). The preliminary total project cost is 80,000 billion dong, and the land cost is 10,678 billion dong.
