The Terra - Bac Giang project has a scale of 4.5 hectares, including 2 product areas. One is a villa area with an area of 28,182m2, including 66 single villas with a height of 3 floors, construction density of 50%.
The second is a mixed housing area, high-rise commercial and low-rise townhouses, including: 43 adjacent lots with an area from 1,403 - 1,918m2 of land/lot and 2 twin towers of 28 floors (C-HH-01 of the The Terra+ and C-HH-02 (The Terra) line provide 688 apartments to the market, with a designed population of 2,262 people.
The Terra - Bac Giang is considered one of the key projects of Van Phu - Invest in the current period, expected to continue the success of The Terra - An Hung project in Hanoi. The highlight of the project is the 28-storey twin tower, with a creative design, a harmonious and sophisticated combination of tradition and modernity, integrating a variety of images symbolizing nature and geography. local philosophy and culture.
In fact, in the second quarter of 2024, Van Phu - Invest began handing over the first villa products at The Terra - Bac Giang, contributing to revenue of 165 billion VND in the second quarter.
According to the proposed plan, in 2024 Van Phu - Invest targets revenue of 2,775 billion VND, profit after tax of 350 billion VND, so the transfer of part of The Terra - Bac Giang project will make an important contribution. helping the company complete its business plan and bring cash flow to Van Phu - Invest.
What's more important is that the deal will greatly improve Van Phu - Invest's financial situation. Recorded at the end of June 2024, the company's inventory increased by 4% compared to the beginning of the year, reaching 3,857 billion VND, equivalent to 33.3% of total assets; The Terra - Bac Giang project alone reached 1,515 billion VND, an increase of 2.5%.
Thus, the transfer of part of The Terra - Bac Giang project will help Van Phu - Invest reduce the value of inventory, improve business cash flow, reduce borrowing, reduce financial costs, and optimize profits. profit. The company will also have finance to serve other investment, production and business activities, especially implementing Vlasta Thuy Nguyen (Hai Phong) - one of Van Phu - Invest's key projects in the early stages. currently, bringing a breakthrough in the near future.
In the current period, when the real estate market is showing signs of positive recovery, Van Phu - Invest is continuing to promote M&A work, exploring potential auction projects to increase sales. The land fund serves as a source of projects for the following years, creating momentum for sustainable development in accordance with the 10-year development strategy (2023 - 2032).
With a broad vision, methodical business strategy, and stable business foundation, Van Phu - Invest is assessed to have the opportunity to grow stronger and become a reputable mid-range real estate developer. in Viet Nam.
