After a period of significant market fluctuations, FLC Group is showing clear signs of recovery in the real estate sector, with several key projects making notable progress.
Most recently, the FLC Tropical City Ha Long social housing project (commercially known as GreenLife Apartment) in Cao Xanh Ward, Quang Ninh, has entered a critical phase, with the topping-out ceremony expected in mid-December 2025. The developer’s representative confirmed that the main structural components are complete, paving the way for roof construction.
The project offers over 750 units in three sizes: 35 sqm, 45 sqm, and 57 sqm. GreenLife Apartment is part of the 23.5-hectare FLC Tropical City Ha Long urban area. Prices are anticipated to range from VND 15 to 22 million per sqm. Registration is set to begin in December 2025, with handover scheduled for Q3 2026.
Rendering of GreenLife Apartment – FLC Tropical City Ha Long social housing project.
In Hanoi, the Hausman Premium Residences project—a luxury apartment complex within the FLC Premier Parc urban area (Dai Mo Ward, Hanoi)—has gained attention for its accelerated construction, nearly a year ahead of the original schedule. Final touches are underway, with roof pouring commencing on November 13, 2025, and topping-out expected in mid-November 2025. Handover is slated for June 2026.
Hausman Premium Residences is considered a flagship asset for FLC, strategically located on the extended Le Quang Dao axis, adjacent to the new 70-meter road—two vital transportation arteries in western Hanoi.
During an extraordinary shareholders’ meeting in mid-November, FLC’s leadership reaffirmed that real estate remains the group’s core business, with over 50 projects under development or research across 11 provinces and cities nationwide, focusing on Hanoi, Quang Ninh, Thanh Hoa, Quang Tri, and Gia Lai.
In addition to the above projects, FLC Quang Binh Hotel & Villas (433 rooms) is also accelerating construction to open in 2026.
As of September 2025, FLC has handed over 2,301 out of 3,173 units in key projects, while completing land title procedures for numerous customers.
Alongside project development, FLC is actively researching and implementing social housing initiatives in line with government policies, focusing on Hanoi, Quang Ninh, and other localities.
In terms of financial performance, FLC’s real estate revenue reached nearly VND 1.8 trillion in the first nine months of the year, with customer cash flow totaling VND 654 billion. The hotel and tourism segment recorded VND 441 billion, with the group aiming to boost this to nearly VND 700 billion in 2025 through expanded international partnerships in South Korea and China.
Financially, FLC is intensifying restructuring efforts, focusing on optimizing cash flow, balancing capital, revaluing assets, and expanding credit limits to reduce debt pressure and maintain stable liquidity. This restructuring is accompanied by organizational streamlining, enhanced governance efficiency, and increased internal transparency.
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