The Facility supports the execution of Novaland’s further business development, including the acquisition of additional landbank and the construction and roll-out of new projects, while diversifying its channels of funding at competitive pricing.
Currently, Novaland is one of two Vietnamese real estate developers to successfully list its convertible bonds on the Singapore Stock Exchange. On the Vietnam Stock Exchange, Novaland’s shares (BBG: NVLVN) have been added into the two leading ETF funds, FTSE Vietnam and VNM ETF, after 6 months from its listing. In 2019, Novaland’s shares were also added into the Vietnam Sustainable Development Index (VNSI) of the Ho Chi Minh Stock Exchange as well as into other leading stock indices, namely VN30 and VN100.
The ecological urban area - Aqua City (Dong Nai)
In 2020, Novaland Group has continued implementing Phase 2 of its strategic development roadmap, primarily focused on the development of mid to high-end properties with 3 key product lines comprising of centrally-located real estate in Ho Chi Minh City (HCMC), Satellite Urban Areas in HCMC’s surrounding provinces, and Residential projects & Integrated Resorts (Second homes) in high potential tourism destinations. One of Novaland’s competitive advantages is its total accumulated and under-research landbank of approximately 4,894 hectares, ensuring Novaland Group’s sustainable growth over the next 10 years.
Novaland expects to introduce residential projects in HCMC, Aqua City eco-township in Dong Nai province and Second home products in NovaWorld Phan Thiet, NovaWorld Ho Tram. Novaland has continued to see a relatively high take-up rate for its low-rise and villa units in Q1 2020 amid the shortage of property supply and high demand for real estate in the South.
Tourist, Leisure and Entertainment Complex NovaWorld Ho Tram – The Tropicana (Ba Ria – Vung Tau)
Novaland Group also has a number of initiatives planned for 2020. In order to create townships or "destinations" to high international standards, Novaland is working with Japanese and Korean design consulting partners such as Kume Asia Design, Map Hantherin Vina, SAI Associates, Haeahn Architecture, Junglim Architecture Vietnam, Samoo Architects & Engineers. For distribution, all reputable distributors in the North and the South are able to access to Novaland’s diversified portfolios.
With the NovaWorld Phan Thiet project, Novaland has signed agreements with many strategic partners such as the PGA of America (American Professional Golf Association) and IMG (the world's leading group in sports, events, media and fashion) to develop golf training programs with international standards and organizing golf tournaments with the participation of world famous golfers. In December 2019, Novaland signed a contract with the Vietnam Tennis Federation to bring the ATP 250 tournament to NovaWorld Phan Thiet and advised the selection and training programs for professional tennis players at the Sport and Gymnastic Centres.
Tourist, Leisure and Entertainment Complex NovaWorld Phan Thiet (Binh Thuan)
Novaland Group has undertaken swift implementation of its Business Contingency Plan (the “BCP”) to ensure the Group’s continuous business operations and uninterrupted transactions for customers.
“Novaland greatly appreciates the investors’ strong confidence and commitment to Vietnam and Novaland in this loan upsize, especially in this extraordinary time. Novaland is well prepared not only to overcome this difficult situation with our tested experience and in-advance planning but also throughly take advantage of appropriate opportunities presented to us during this challenging time. We strongly believe in our direction: a centralized orientation, clear business strategy, stable landbank, healthy financial structure, prudent risk management, and strict law compliance; strengthening competency to become the Vietnamese international brand. We will work more diligently and harder to meet the invaluable trust of our customers partners and investors put on Novaland,” said Mr. Bui Xuan Huy, CEO of Novaland Group.
About Novaland Group
Novaland Group is now a reputable property developer brand in Vietnam. The Group now possesses and develops a large land bank covering about 4.900ha to develop housing projects in Ho Chi Minh City, satellite towns, and hospitality real estate projects, ensuring Novaland Group’s sustainable growth over the next 10 years.
In phase 2 of its business strategy, Novaland will focus on developing cities with great tourism potentials such as Can Tho, Ba Ria - Vung Tau and Phan Thiet - Binh Thuan, Ninh Thuan, Cam Ranh - Khanh Hoa and Quang Nam, Danang... The Group's goal is to work with consultants and professional operators to create excellent destinations for domestic and international tourists, to turn these places into tourism - hospitality - entertainment center in the area; contribute to the imprint of Vietnam on the world travel map.
Currently, Novaland has completed building procedures and systems that meet international standards, orienting toward a working environment of “Efficiency – Integrity – Professionalism”, as well as sustainable and professional development in the global integration era.
With a focus strategy and persistence with established goals, a clear business strategy, stable land bank, strong cash flows, stringent risk management, and compliance with law, Novaland will operate effectively and sustainably to realize the vision of “To be a leading economic group in Real Estates – Finance – Tourism – Infrastructure Development”