After navigating through a challenging phase in its business operations, Novaland (NVL) is steadily making a comeback.
In the first 10 months of 2025, Novaland (NVL) recorded a total revenue of VND 5,292 billion, a 22% increase compared to the same period last year, driven by improved handover rates across most of its project clusters.
Specifically, revenue from Aqua City reached VND 1,339 billion (up 11% year-on-year), projects in Central Ho Chi Minh City generated VND 1,130 billion (up 12%), and NovaWorld Ho Tram saw a remarkable 70% growth, reaching VND 1,303 billion. NovaWorld Phan Thiet continued to lead in revenue contribution with VND 1,520 billion (up 13%).
In terms of product handovers, a total of 810 units were delivered (down 12.5% year-on-year), with only NovaWorld Ho Tram recording a 35% increase in handovers.
According to an analysis report by Rong Viet Securities (VDSC), the revenue recovery across all four project clusters indicates that NVL is gradually resolving legal bottlenecks while enhancing cash flow through accelerated handovers and customer payments.
In Novaland’s handover and revenue recognition plan for 2025–2030, the company estimates delivering nearly 40,800 units, corresponding to over VND 513,000 billion in revenue.
VDSC highlights that 2027 and 2028 will be pivotal years for the company’s growth. In 2027, the total number of units handed over is expected to reach 17,956, particularly from projects like Aqua City and NovaWorld Ho Tram, driving projected revenue to VND 226,461 billion.
In 2028, NVL will continue to accelerate handovers with 8,557 units, significantly contributed by key projects such as Aqua City and NovaWorld Phan Thiet, forecasting revenue of VND 117,556 billion.
Regarding project progress, at Aqua City, sub-zones like Aqua Waterfront City and Aqua Riverside City have partially obtained occupancy permits, with the remainder expected in Q1/2026. These two sub-zones have handed over 151 units. The remaining sub-zones have 1/500 planning approval. Aqua City has delivered 670 units, with all sub-zones expected to be handed over between 2025–2026.
Central Ho Chi Minh City projects also show significant progress. The Grand Manhattan is set to complete land financial obligations by late 2025; Victoria Village has finalized legal procedures and plans to relaunch sales from Q4/2025; Palm City’s high-rise sub-zone is expected to receive 1/500 planning approval in Q4/2025 and handovers from 2027.
At NovaWorld Ho Tram, sub-zones such as Habana Island, Happy Beach, Morito, and Wonderland have obtained construction permits and completed land obligations. The Tropicana and Wonderland sub-zones have handed over 298 and 163 units, respectively.
Meanwhile, NovaWorld Phan Thiet has completed 1/500 planning and is expected to pay land use fees in full from Q1/2026; the project has delivered 1,468 units to date.
Based on Novaland’s 2025–2030 financial plan, the company is actively executing major projects with a total construction limit of VND 30,478 billion. Aqua City remains the flagship project with the highest limit of VND 18,020 billion, followed by projects in Central Ho Chi Minh City and NovaWorld Phan Thiet.
Regarding financing, the company reports that domestic banks have extended credit for projects with approved legal status and feasible implementation progress, while international capital continues to support through restructuring and loan extension programs.
Novaland Reduces Capital Contribution in Subsidiary Real Estate Firm
Novaland has recently approved a reduction of nearly VND 300 billion in its capital contribution to Nova Phúc Nguyên. Following this adjustment, Novaland’s remaining capital contribution in the company stands at over VND 490.06 billion, representing a 99.97% ownership stake.
CEO Lucas Loh: Nam Long Targets Annual Sales of VND 20-30 Trillion in Upcoming Years
At the Nam Long Journey 2025 event series, Mr. Lucas Ignatius Loh Jen Yuh, CEO of Nam Long Investment Corporation (HOSE: NLG), expressed confidence in achieving the company’s annual business targets. He forecasted that sales revenue in the coming years is expected to reach between 20 to 30 trillion VND.
Exciting News for Novaland and Homebuyers: 10,500 Land Titles in Ho Chi Minh City Soon to Be Delivered, Multiple Projects Break Free from Stagnation
With decisive government leadership and proactive legal unblocking measures from the Ho Chi Minh City People’s Committee, Novaland is poised to resolve property ownership rights for over 10,500 households and reignite key projects during the 2025-2026 period.
Unity Real Estate Company Delays Repayment of Hundreds of Billions in Bonds
Unity Real Estate Investment Company Limited, a subsidiary of Novaland with nearly 100% ownership, and the developer of sub-zones within Novaworld Ho Tram, has failed to fully repay two bond lots upon maturity, as announced by PetroVietnam Securities (PSI).
Amid Novaland’s Stock Recovery, Chairman’s Wife Sells 2.3 Million Shares, Pocketing Over VND 23 Billion
Mrs. Cao Thi Ngoc Suong has successfully sold over 2.3 million NVL shares, significantly lower than the initially registered figure of more than 17 million units.
