AsemconnectVietnam - During the Nam Long Day event held on December 5, Mr. Lucas Loh, General Director of Nam Long Group (NLG), said that pre-sale sales in the first 10 months of the year increased by 86% compared to the previous 9 months, to VND9,293 billion.

“With the third quarter business results, we are completely confident in achieving the year's results. In the past three quarters, Nam Long has completed two-thirds of the handover plan and the handover procedures have exceeded the target such as in the Akari project, completed the divestment of the Izumi project by 15% and welcomed new partners. So there is nothing surprising with the results at the end of this year,” Mr. Lucas emphasized.
The surge in sales, according to Mr. Lucas, is thanks to being granted sales licenses for projects, especially most recently receiving the sales license for the Elyse Island project. Nam Long is doing its best to speed up the process of interested customers moving from placing orders to signing sales contracts.
“We are quite confident with VND11 billion in pre-sale revenue, but once we have a sales license, we must convert this revenue into sales, which can take place in January or February, or during Tet. Nam Long's new products are well received by the market,” said Mr. Lucas.
In 2022, looking back at the record of Nam Long reaching VND8,200 billion in pre-sale revenue thanks to available inventory, and currently the VND9,293 billion in pre-sale revenue is a new record and has not stopped with the last 2 months of the year left.
Regarding the prospect for 2026, the General Director of Nam Long noted that the Company will continue to achieve growth momentum with new projects of scale that can be brought to the market and reach customers.
Key projects include Waterpoint Phase 1 (Southgate), Mizuki Park, Akari City, and Nam Long II Central Lake. At the same time, the company will also "unlock" new projects/phases such as Elyse Island, An Zen Residences, VSIP Hai Phong, Waterpoint Phase 2 (VCD), and Izumi Canaria (Izumi City Phase 3).
In terms of specific figures, Nam Long has not yet developed a 2026 plan, but according to Mr. Lucas, the target is no lower than 2025, and profits will be high or close to the 2025 figure.
Nam Long's profits come from handing over the project at the end of 2026 and selling shares to new investors.
Mr. Lucas also said that Nam Long is working with a bank for 30-year long-term loans and launching a 3-5 year fixed-interest product, which is a factor supporting buyers to borrow to buy a house.
Ms. Nguyen Thanh Huong, Investment Director of Nam Long, said that when land prices increase rapidly, businesses lose many opportunities to increase their land fund because the price is no longer suitable. However, Nam Long is still looking for suitable land funds or adding new products to adapt to the conditions of higher land prices but still within its determined price range. Another opportunity is that the Government opens up project bidding opportunities.
“We need to speed up project bidding and have more open regulations for project purchases and this year's orientation is to be more aggressive in increasing land funds,” Ms. Huong shared.
N.Nga
Source: VITIC/Tinnhanhchungkhoan