Phat Dat (PDR) — developer of La Pura, partner in Monrei Saigon

Phat Dat is a real estate company listed on HOSE (ticker PDR), founded in 2004 and headquartered in Ho Chi Minh City. It matters to you because Phat Dat is involved in two apartment projects HPR advises on in the former Thuan An area — La Pura and Monrei Saigon — with a different role in each project.

About Phat Dat

• Legal entity: Phat Dat Real Estate Development Corporation (Phat Dat Corporation; Công ty Cổ phần Phát triển Bất động sản Phát Đạt), ticker PDR on HOSE. Chairman of the Board: Mr Nguyen Van Dat.
• Founded: 2004. Headquarters: Phat Dat Building, 39 Pham Ngoc Thach, Xuan Hoa Ward, Ho Chi Minh City.
• Business lines: housing, resorts, industrial real estate and energy.

Business results for the first half of 2026

Consolidated figures for the first six months of 2026:

• Net revenue for the six months was about 158 billion VND, down 65.5% year on year. Profit after tax was about 218 billion VND, up 89%, mainly thanks to 1,381 billion VND of financial income from divestments.
• As at 30 June 2026: cash and cash equivalents of 1,666 billion VND, more than 4.4 times the start of the year; borrowings and finance lease liabilities of about 4,151 billion VND, down nearly 1,400 billion VND from the start of the year; total assets of 28,607 billion VND.
• The 2026 plan approved by the shareholders' meeting in April 2026: revenue of 8,830 billion VND and profit after tax of 868 billion VND. After six months, the company had reached about 25% of its profit target.

As of late July 2026, the company had transferred the Serenity Phuoc Hai project and its stake in Tam Hiep during the year, and was transferring the Thuan An 2 project.

Phat Dat projects under development

La Pura — project developer

• Location: fronting National Highway 13, Binh Hoa Ward, Ho Chi Minh City (former Thuan An, Binh Duong), about 3.7 ha.
• Scale: 8 towers of 40 floors, nearly 5,000 apartments, investment of 8,282 billion VND; products include apartments, duplexes, lofts, sky villas, officetels and shophouses.
• History: the project was formerly called Astral City; it broke ground in June 2020, was halted for about 2 years due to funding shortages and legal obstacles, and resumed construction from late 2023. In April 2025 it was renamed La Pura, with Realty Holdings — a company wholly owned by Phat Dat — as developer. Main contractor Central, financing from VPBank.
• Progress: the first tower, Zenia, topped out on 7 May 2026, which the company says was 20 days ahead of its commitment. The remaining towers are still under construction; HPR does not yet have information on the handover date.

See La Pura details and progress

Monrei Saigon — joint venture partner and project manager

Monrei Saigon (legal name: Thuan An 1 High-rise Mixed-use Residential Complex) on Nguyen Thi Minh Khai Street, Thuan Giao Ward, has 3 towers and 2,684 apartments. Phat Dat is not the lead developer: Mitsubishi Corporation is the lead developer, in a consortium with Tokyu Land; the joint venture shares are Mitsubishi 56%, Tokyu Land 24% and Phat Dat about 20%. Phat Dat acts as project manager. The legal entity signing contracts with buyers is Thien Long High-rise Investment and Development Real Estate JSC (Công ty CP Bất động sản Đầu tư và Phát triển Cao ốc Thiên Long), following the transfer deal on 30 January 2026.

See Monrei Saigon price list and progress · Who develops Monrei Saigon: the joint venture structure

Lotte Eco Smart City Thu Thiem — 35% investor

On 3 July 2026, the Ho Chi Minh City People's Committee approved Phat Dat acquiring 35% of the capital of Lotte Properties HCMC Co., Ltd., worth more than 1,473 billion VND. The project covers about 7.5 ha in functional area 2A, Thu Thiem, with expected total investment of about 60,000 billion VND; Phat Dat develops the residential component.

Projects HPR distributes

HPR advises on and distributes La Pura and Monrei Saigon — two apartment projects in the same former Thuan An area. La Pura has topped out its first tower; La Pura prices and policies are being updated — leave your phone number to receive the latest price list. Monrei Saigon is led by a Japanese joint venture and has an MB bank guarantee.

When comparing, check the exact legal entity signing the contract for each project and check the project's legal status before placing a deposit. You can also plan your home purchase cash flow for each payment plan.

Which Phat Dat project are you considering? Leave your phone number — an HPR consultant will send you the price list and current sales policy, and compare projects according to your budget.