Dot Property Vietnam Awards 2024’s certification and cup for KITA Group
KITA Group Embraces New Heights and Horizons
With the theme “Sustainable Development: Building the Foundation for Vietnam’s Real Estate New Cycle,” Dot Property Vietnam Awards 2024 stands out from previous years by honoring resilient and robust businesses that have overcome a challenging market phase. This year’s awards convey a powerful message about perseverance and breakthrough, driven by the intrinsic strength and prowess of enterprises.
Ms. Tong Thi Lien, KITA Group’s Communications Director, receives the award for Vietnam’s Best Housing Developer 2024
KITA Group met the stringent evaluation criteria set by a panel of leading experts, showcasing its prowess through a comprehensive portfolio. The group’s capabilities include a well-defined development strategy, corporate reputation, a diverse range of housing projects, meticulous planning and investment, a customer-centric approach with a focus on green living spaces and modern amenities, continuous improvement, and a strong sense of corporate social responsibility.
Ms. Tong Thi Lien expresses gratitude to Dot Property Vietnam Awards 2024 and shares insights about KITA Group
Over a decade of establishment and growth, KITA Group has amassed a remarkable clean land fund of 700 hectares in prime locations across Vietnam, with a significant presence in Hanoi, Ho Chi Minh City, Can Tho, and several other provinces with high development potential, such as Hai Phong, Da Nang, and Phan Thiet. With a well-defined strategy, long-term vision, and robust capabilities, KITA Group has solidified its position as a leading project developer in the real estate market.
KITA-Branded Projects Launched in 2024
The year 2024 marks a breakthrough in KITA Group’s business strategy, scale, and influence, as the group introduces a range of projects from north to south. This expansion testifies to the group’s effective and steady progress in its development strategy. Successful M&A activities over the years have enabled the group to invest in and develop projects swiftly, enhancing KITA Group’s competitive edge in the current landscape.
Notable projects introduced by KITA Group in 2024 include KITA Capital (Ciputra Nam Thang Long, Hanoi), Kieu by KITA (Ho Chi Minh City), Stella Icon (Can Tho), and several upcoming ventures. Recently, KITA Group rebranded Stella Mega City as KITA Airport City, a 150-hectare township in the heart of Binh Thuy District, Can Tho.
Guided by its experience and strengths, KITA Group upholds the principle of “Solid Legal Foundation, Smart Solutions, and Smart Communities.” The group’s projects emphasize quality and transparency in legal matters to ensure the highest benefits for its customers. This commitment has fostered KITA Group’s sustainable development and solidified its standing in the real estate arena.
In 2024, KITA Group continuously handed over homes and red books (land use rights certificates) to customers at the KITA Capital project. Meanwhile, at KITA Airport City, over 2,000 red books have been transferred to eligible customers, affirming their legal ownership. The Kieu by KITA project, currently on the market, is also preparing for handover by the end of 2024, with ownership transfer upon purchase.
KITA Group’s unwavering dedication and continuous growth over the years have culminated in its recognition as Vietnam’s Best Housing Developer 2024. This accolade is a testament to the group’s pride and reputation in the market, bolstering its competitive edge and fortifying its position for future expansion.
Businesses and Dot Property Vietnam Awards organizers share the joy of victory
“Prior to 2022, businesses paid approximately VND 100 billion in land use fees for a 10-hectare project, but this has now surged to VND 350 billion, and even up to VND 500 billion.”
Mr. Pham Duc Toan, CEO of EZ Property – a prominent real estate investment and development company, expresses his concern about certain localities’ land valuation methods. He believes that some areas base their land prices on data from real estate transactions that occurred during a heated market, resulting in significantly higher taxes for businesses.
The Art of the Property Deal: When “No Sale” Means a Price Hike
The trend of raising prices and selling more when the market is good has caught on in the southern market. This strategy has been increasingly employed by businesses in the region, who are quick to seize the opportunity to capitalize on favorable market conditions.
The Allure of Square Real Estate
Owning a shophouse or townhouse in the central square of the city has always been the top choice for seasoned real estate investors with strong financial backing.
The Rise and Rise of Thu Duc: How the Former Real Estate Giant is Now a Hot Market with New Condo Prices Soaring Above $100 Million per Square Meter
Although the housing supply in the East of Ho Chi Minh City remains higher than in other areas, there are significantly fewer projects compared to previous years. It is becoming increasingly difficult to find apartments priced at VND 50-60 million per square meter in this area.
The Latest Land Price List: What You Need to Know
The Ministry of Construction has assessed that the application of the new land price framework will have a ripple effect, triggering a surge in the property and housing market. Experts predict a 15-20% increase in prices compared to pre-framework levels, a significant jump that will have far-reaching implications for the industry and consumers alike.
