Hoa Phat honored in the top 10 best real estate service providers in 2023

On March 15, 2024 in Hanoi, Reatimes Magazine and Vietnam Institute of Real Estate Market Research (VIRES) held an event to recognize the top Real Estate brands for the years 2023-2024. Hoa Phat Group was proudly honored as one of the Top 10 best real estate service providers in 2023.

Hoa Phat is honored in the top 10 best real estate service providers in 2023

This achievement is a result of the Leading Real Estate Brand Voting Program, which involved millions of readers and a Voting Council consisting of independent, objective members, including journalists, economic experts, architects, and renowned real estate developers in Vietnam.

The voting criteria for this category emphasized businesses' dedication to providing reputable product services that are trusted by numerous customers. It also considered their strong financial capacity, ability to meet deadlines and completion progress, commitment to customer care, and provision of excellent after-sales service.

Hoa Phat began its journey as a construction machine trading company in August 1992 and gradually expanded into five other sectors: iron and steel, steel products, agriculture, real estate, and electronics appliances. Among these, steel is the core field, contributing to 90% of the group's revenue and profit. With an impressive capacity of 8.5 million tons of crude steel per year, Hoa Phat stands as the largest steel manufacturing enterprise in Southeast Asia.

In the real estate sector, the group boasts 23 years of experience in developing industrial parks and urban areas. Hoa Phat currently owns and operates three industrial parks: Pho Noi A Industrial Park, spanning over 688.94 hectares in Hung Yen Province; Hoa Mac Industrial Park, covering 131 hectares in Ha Nam Province; and Yen My II Industrial Park, encompassing 313.5 hectares in Hung Yen Province. These industrial parks are strategically located and have gained a reputation as reliable investment destinations.

Pho Noi A Industrial Park, in particular, has achieved an impressive occupancy rate of approximately 90%, with 171 businesses renting land within its premises. As a result, Hoa Phat's industrial park system has attracted significant rental demand from both domestic and foreign investors. Many foreign direct investment (FDI) enterprises from countries such as the United States, Japan, Taiwan, and more have chosen to establish their presence within these industrial parks.

Hoa Mac Industrial Park in northern Ha Nam Province has become a notable destination for foreign businesses seeking information on land rental and factory construction, especially for South Korean and Japanese companies. Currently, 32 investment enterprises have been attracted to this industrial park, resulting in a full occupancy rate of 100%.

Yen My II Industrial Park is divided into two phases. In Phase 1, the project covers an area of 97.5 hectares with a total investment capital of nearly VND900 billion. It has achieved a 100% occupancy rate with 35 investing enterprises. Phase 2 is under expansion, with Hoa Phat Group investing in infrastructure development for an additional 216 hectares. Yen My II Industrial Park is strategically planned to attract investments in clean production sectors and industries that have minimal environmental impact.

In the urban real estate, Hoa Phat has established a strong reputation in the industry, known for its high-quality projects that offer excellent liquidity compared to others in the same segment. Noteworthy examples include apartment complexes and office spaces for rent, such as those located at 257 Giai Phong Street, Mandarin Garden complex, Mandarin Garden 2 complex, and the Hoa Phat building at 70 Nguyen Duc Canh Street.

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