There have been some significant changes in the real estate industry, along with assessments of their impact on the Company’s operations, including Decree 75/2025/ND-CP, which was issued and took effect until March 31, 2030. According to the Company, this Decree provides detailed guidance for agencies, investors, and An Gia on the implementation process and steps to obtain permission to pilot commercial housing projects. It also offers an opportunity to expedite the legal process for the Westgate 2 and The Lá Village project land funds.
In the first quarter of 2025, several banks, including state-owned and joint-stock commercial banks, introduced attractive real estate loan packages for young people to own homes. The loans not only offered low-interest rates fixed for an extended period but also prolonged the loan term, providing grace periods for principal repayment, reducing annual repayment pressure.
These loan packages are advantageous for An Gia to implement sales activities for upcoming projects. An Gia focuses on young, actual-demand customers in the middle-income segment, especially for legally complete projects. This target group can easily access preferential loan packages for An Gia projects, helping resolve payment method issues for customers, especially as housing prices are on the rise.
Additionally, the government’s policy to accelerate public investment disbursement and complete transportation projects connects and unlocks potential for the Company’s existing projects. Projects like the Ring Road 3 (Tan Van intersection) and the Metro Phase 2 project, connecting Ho Chi Minh City and Binh Duong, are bright spots that enhance the value of An Gia’s projects.
The merger of provinces and streamlining of management apparatus, especially the merger of Binh Duong, Ba Ria Vung Tau, and Ho Chi Minh City, opens up immense potential for the real estate sector. For An Gia, this merger boosts the potential to increase the value of the Company’s existing projects in Binh Duong and Binh Chanh. It also creates opportunities to expand the land fund in areas previously considered adjacent to Ho Chi Minh City but now part of the city, such as Binh Duong and Vung Tau, which have been part of An Gia’s land fund development orientation for many years.
Along with the above advantages, the market in the first quarter of 2025 encountered certain difficulties and challenges, notably the US tax policy. The Company has analyzed the risks to the real estate market in general and to An Gia in particular when this tax policy takes effect to formulate appropriate countermeasures. The Company also cautiously considers development plans to ensure control over macro risks, ensuring the Company’s safe and sustainable development.
Progress of some ongoing projects
On April 19, 2025, the “The Gio Riverside Launch Event” attracted over 2,500 customers to explore and register for the product. At this event, 1,200 The Gio Riverside apartments were successfully registered, resulting in an expected contract sales value of nearly VND 3,000 billion.
The project completed pile and diaphragm wall work by the end of April 2025 and started the basement construction phase. An Gia’s project management team, along with the consulting supervisor Arterlia, closely monitors this progress. As of April 2025, the project is on schedule.
Since January 2025, the Company has started handing over pink books to customers of the Westgate project. By the end of April 2025, the Company had transferred 1,690 customer files to the authorities (over 80% of the project’s total products), with 938 pink books issued to customers.
Since the end of 2024, the Company has also initiated procedures for the cluster of three projects: River Panorama 1, 2, and Sky 89. In early February 2025, the Company received a document from the state agency agreeing to issue pink books to residents of these projects, and the Company has completed submitting the necessary documents to carry out the procedures as instructed.
As of April 2024, the Company had submitted the required documents to the authorities to obtain permission for the Westgate 2 and The Lá Village projects to be accepted as pilot commercial housing projects under Resolution 171/2024/QH15.
In the second quarter of 2025, An Gia will launch the second product introduction and registration round for The Gio Riverside, expected to take place at the end of June 2025, with a sales target of 700 products and a projected contract value of approximately VND 1,800 billion. The Company will continue to hand over pink books to Westgate customers and the cluster of River Panorama 1,2, and Sky 89 projects. It will also complete the submission of legal documents for the Westgate 2 and The Lá Village projects following the guidelines of Decree 75/2025/ND-CP.
– 11:35 14/06/2025
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