According to the Foreign Investment Department (MPI), in 2017, the real estate market attracted more than $ 3 billion from FDI inflows. In CBRE's report, in 2017, over 55,900 products were successfully traded in Hanoi and Ho Chi Minh City. Many real estate companies thrived vertically and horizontally, including Dat Xanh Group (DXG).

Last year, DXG successfully distributed more than 22,100 products, a strong 84% increase over 2016, accounting for more than 29% of real estate brokerage market share.

One of the strategies to expand the scope of DXG's operations is land fund expansion . In 2017, the Company carried out big M&A as the transaction of more than 25,000 square meters of land, then more than 67,000 square meters of land in Hiep Binh Chanh Ward, Thu Duc District and M&A merger of Sai Dong - Ha Noi Real Estate Joint Stock Company.

M&A transactions reached more than 1,200 billion VND with 500,000 m2 of additional construction floor at prime locations. In addition, thanks to its prestige brand and financial capacity, DXG is also assigned to carry out key projects in different provinces.

Currently, DXG owns more than 1,000 hectares of land, ensuring project development plans as well as profit targets over the next five years. According to the representative of the Group, thanks to the large land fund with low cost, the Group has good profit margin when transforms the land fund into products and receives cash flow in the following years.

Over the years, the Company launched high-end products under Opal and Lux brand names, which was quickly welcomed by the customers. With outstanding commitment to progress, after a year of implementation, the Group has begun the plan to hand over the Opal Riverside project to customers from the end of 2017.

"The roadmap for completion and handover of large projects will be continued in the coming years as the real estate market has good consumption for quality products. Therefore, ensuring the completion and handover on schedule is an integral part of the overall development plan of the Group, "DXG's representative said.

By the end of 2017, the Group's profit reached over 751 billion dong, reaching 107% of the plan, total assets of more than 10,000 billion, charter capital increased from 2,530 billion to 3,032 billion. In the revenue structure, brokerage and real estate services (including brokerage and secondary investment) reached VND1,609 billion, accounting for 56% of total revenue and gross profit of VND1,305 billion.

The gross margin of this segment is 81% compared to 72% in 2016. Real estate investment activities brought revenue and profit of VND1,104 billion (+ 38% of total sales) and VND444 billion of gross profit. Gross profit margin is 40%, 31% higher than 2016.

In 2017, DXG also succeeded with three bond issues, a total earning of over VND1,300 billion in cash. Credit limit granted by banks were more than 30,000 billion, in which the credit was more than 1,000 billion.

"The successes in developing financial capacity over the years is important to help DXG prepare abundant financial resources for its simultaneous implementation of plenty of large projects, maintaining high growth rate in the number of products supplied to the market, reaching high sales and profit, enhancing shareholder benefits," the Group's representative said.

By the end of December, 2017, total assets of Dat Xanh Group reached VND 10,264 billion, increasing by VND 4,700 billion, equivalent to 85% compared to 2016. In which, short-term assets increased 91%, accounting for 86% of total assets and long-term assets, up 52%, accounting for 14% of total assets.

In the short-term asset structure, cash and equivalents accounted for 16%, receivables accounted for 34%; inventory accounted for 33%; Other short-term assets accounted for 1%, up 203% over the same period. Long-term financial structure (investment in subsidiaries, affiliated companies) accounts for 14% of total assets and 52% increase over the same period.

The year 2018 marks the 15th anniversary of DXG's history of development and also plays as the foundation year for its five-year strategy of 2018 - 2022; therefore, DXG has ambitious plans for 2018. The company aims to distribute more than 28,000 products through the system; more than 5,000 billion dong of revenue and 1,068 billion dong of after tax profit; an increase by nearly 74% and 43% respectively compared to 2017; land fund of up to 2,000 ha.

To implement these plans, DXG will implement many key projects in the high-end segment such as Gem Riverside, Gem Premium, Opal City - the projects being directly invested by the Group in Hanoi and the North.

At the same time, the Group continues to expand its distribution network in many provinces and cities; to complete its distribution network in Vietnam by bringing Dat Xanh Quang Ninh, Dat Xanh North Central, Dat Xanh Nha Trang and Dat Xanh Tay Nam Bo into operation. The company will deploy the office leasing business; develop the supply chain of building materials; implement plans to upgrade the quality of comprehensive services; open the Group's headquarters, etc.

The Group also aims to maintain its position in the real estate market of Vietnam, aiming to become the best real estate development company in Southeast Asia.