Phat Dat and Lotte Sign Memorandum of Understanding for Thu Thiem Eco Smart City Project
Ho Chi Minh City, May 26, 2026 – Phat Dat Real Estate Development Corporation (PDR: HOSE) and Lotte Properties HCMC Co., Ltd. (“Lotte”) have officially signed a Memorandum of Understanding (MoU) to advance strategic cooperation regarding the Thu Thiem Eco Smart City project in Thu Thiem New Urban Area, Ho Chi Minh City.
The Thu Thiem Eco Smart City project is positioned as a landmark integrated urban complex in Thu Thiem, with a large-scale development that includes retail, office, hospitality, premium residential units, and smart urban utilities. The project is expected to contribute to the formation of a new international financial and commercial hub in Ho Chi Minh City.
The signing of the MoU marks an important milestone in the cooperation between the two parties, opening opportunities to leverage international expertise, development capabilities, and execution strengths toward long-term and sustainable value creation.
Through this partnership, Phat Dat continues to reaffirm its strategy of collaborating with reputable international partners to enhance project development standards, promote sustainable value creation, and improve outcomes for shareholders, customers, and the market.
RELATED NEWS
Phat Dat Real Estate Development Corporation (PDR: HOSE) has announced the solicitation of shareholders’ written opinions to seek approval for certain matters falling within the authority of the General Meeting of Shareholders. Accordingly, PDR’s Board of Directors will submit for shareholder consideration and approval a proposal to acquire an equity interest in Lotte Properties HCMC Co., Ltd.
The Board of Directors of Phat Dat Real Estate Development Corporation (PDR: HOSE) has approved for its subsidiary to transfer all shares currently held in Hoa Phu Building Real Estate Investment and Development JSC, at a transfer value of no less than VND 3 trillion.
On June 04, 2026, the Board of Directors of Phat Dat Real Estate Development Corporation (PDR: HOSE) approved the transfer of all shares currently held by the Company in Serenity Investment Joint Stock Company.
Phat Dat Real Estate Development Corporation (PDR: HOSE) has been honored in the “Top 10 Asia–Pacific Outstanding Brands 2026” category in Beijing, China. The award is part of the 5th Asia-Pacific Economic Forum 2026, which brings together leading enterprises, organizations, and economic experts across the region.
Ho Chi Minh City, May 28, 2026 – Phat Dat Real Estate Development Corporation (PDR: HOSE) announces that it has officially completed the transfer of a VND 900 billion deposit in accordance with the terms agreed upon in the Memorandum of Understanding (MoU) between PDR and Lotte Properties HCMC Co., Ltd., related to the Thu Thiem Eco Smart City project.
On May 20, 2026, the Board of Directors of Phat Dat Real Estate Development Corporation (PDR: HOSE) issued Decision No. 20/2026/HĐQT-QĐ regarding the finalizing of the shareholder list for solicitation of shareholders’ written opinions.
In today’s real estate market, as homebuyers are becoming increasingly cautious about project execution capability, the ahead-of-schedule topping-out of the Zenia subdivision has further reinforced the appeal of La Pura – a project developed by Phat Dat Real Estate Development Corporation (PDR: HOSE).
Phat Dat Real Estate Development Corporation (PDR: HOSE) has officially released PDR Highlights – Internal Newsletter for May 2026. With the overarching message “Unlocking a new growth cycle,” this newsletter not only reviews the Company’s key developments in April but also provides a clearer picture of its strategic priorities, internal strengths, and development direction for the next phase.