2021-02-05 17:22:00

Cen Land (HSX: CRE) with over 8,400 brokerage transactions worth more than VND32,000 billion

According to newly released data from Century Land Joint Stock Company (HSX: CRE, Cen Land), in 2020 the Company has successfully wrapped up 8,416 brokerage transactions worth VND32,303 billion.

This helps Cen Land continue to be honored among Top 10 Best Sales Agencies 2020 in Vietnam, voted by Reatimes.vn.

 

Due to the COVID-19 pandemic, the number of successful brokerage transactions in the first quarter is not much, 302 transactions in January, 588 transactions in February and 519 transactions in March.

 

However, from May, the transaction volume increased gradually, specifically from May to September the average number of transactions was about 800 transactions per month. The number of transactions surged in the last months of the year. In December 2020, the transaction volume rose by 1,235 transactions.

 

 

In 2020, Cen Land has offered 158 projects, including 34 exclusive projects for sale. Total products are up to 20,758 units worth VND77,898 billion; successfully sold 8,416 products, equivalent to more than VND32,000 billion; net revenue reached VND2,114 billion, 92 per cent of revenue in 2019. In which revenue from brokerage was VND867 billion, 87.7 per cent compared to 2019; revenue from real estate transfer increased to VND1,230 billion, 25.5 per cent; Profit after tax was VND302 billion; EPS is 3,692 dong/share.

 

In 2020, Cen Land accelerates the digital transformation. Cen Homes proptech platform has the number of registered accounts up to 250,000, of which Cen Homes app records 24,000 downloads. The number of users increased by 62 per cent in the last four months. Cen Homes is offering 500 projects with about 3,000 posts each month. Average transactions per month are about 800 products.

 

Cen Homes aims at becoming a leading super app in the proptech segment in Vietnam.

 

Currently, Cen Homes is pursuing the mission of Big Update to bring online gadgets, the latest technologies in the real estate industry, transform from online services to the leading super app in the proptech segment in Vietnam. With the support of leading proptech experts and the new Big Update, Cen Homes is expected to become a super app when it is scheduled to be released in July 2021.

 

Along with the digital transformation since the beginning of 2021, Cen Land (HSX: CRE) has continuously announced a series of investments to buy, sell, and transfer real estate projects with a total amount of more than VND5,600 billion in three major projects in Hanoi and Binh Duong including Chanh Nghia Quoc Cuong apartment building project in Chanh Nghia ward, Thu Dau Mot city, Binh Duong; Hoang Van Thu new urban area in Hoang Van Thu ward, Thinh Liet ward, Yen So ward, Hoang Mai district, Hanoi and Kim Chung - Di Trach new urban area in Kim Chung commune and Di Trach commune, Hoai Duc district, Hanoi.