Novaland recorded a 53 percent increase in gross profit year-on-year during the first quarter of 2019, Vietnam Investment Review reports. The firm brought in VND2.163 trillion (USD94.04 million) in gross profit highlighting the firm’s rapid growth.
The developer believes 2019 is extremely important as it embarks on a new development trajectory. Novaland has been focusing in on the resort property segment, building up a pipeline of projects in popular tourist destinations across the country.
NovaWorld Phan Thiet, winner of Best Innovative Resort Landscape Architectural Design Vietnam at the Dot Property Vietnam Awards 2019, in Binh Thuan, NovaWorld Ho Tram and NovaBeach Cam Ranh Resort Villas are just a few of the notable resort developments Novaland is working on.
Novaland also remains committed to urban housing in Ho Chi Minh City as well as satellite urban developments in neighbouring provinces in addition to resort projects. The company also has the goal to assist real estate growth in the country alongside infrastructure and tourism development to boost multiple sectors simultaneously.
Novaland wins three at Dot Property Vietnam Awards
The Dot Property Vietnam Awards 2019 was a special night for Novaland as the firm won Best Developer Vietnam for the second time in three years. That was one of three honours the firm was presented with.
The aforementioned NovaWorld Phan Thietearned Best Innovative Resort Landscape Architectural Design Vietnam. The project was noted for its green spaces that have been interwoven throughout the resort to create the lush, tropical feel tourists would expect. The landscape features also flow naturally towards the pristine stretch of coastline, highlighting the beauty of the East Sea.
Meanwhile, Novaland’s The Grand Manhattan won Best Luxury Mixed-Use Development Vietnam. The condominium is seen as the diamond of Vietnam’s luxury apartment segment due to its 5-star facilities and an upscale ambiance perfectly suited for Ho Chi Minh City’s District 1. The Grand Manhattan has recorded take up from both investors and end users who view owning a unit in this development as a once-in-a-lifetime opportunity.
