An Gia Real Estate Investment and Development

What An Gia Real Estate Investment and Development does

An Gia Real Estate Investment and Development Joint Stock Company (HOSE: AGG), trading as An Gia Group, is a Vietnam-headquartered residential and commercial property developer founded in 2005 and listed on the Ho Chi Minh City Stock Exchange since December 2019. The company acquires land, develops projects, and sells units to individual buyers, with a portfolio spanning mid-tier to premium apartments (The Garden, The Star, Riverside, Skyline, River Panorama, Sky 89, Westgate), a townhouse and shophouse township (The Standard Bình Dương), a hotel/condotel project (The Sóng Vũng Tàu), and an office-leasing chain (The Address). Projects are concentrated in Ho Chi Minh City and surrounding provinces (Bình Dương, Vũng Tàu), with The Giớ Riverside representing the most recent large-scale launch.

The business operates a traditional real estate development model. Primary revenue is generated from one-time unit sales (apartments, townhouses, shophouses, condotels), with prices quoted in VND per square meter (The Giớ Riverside starting at 40 million VND/m2). Distribution is conducted through a 1,000+ person direct sales force supplemented by exclusive channel partners such as Cali Homes for shophouse distribution, with physical sales galleries at project sites supporting site-visit conversion. Marketing is multi-channel, combining website, Facebook, YouTube, Zalo, large-scale trade-launching events, and a public-company investor-relations program. No proprietary technology platform or software product is part of the offering.

A second revenue stream runs through the wholly-owned subsidiary An Gia Services, launched as a standalone brand in May 2025 to provide B2B real estate marketing, sales, and distribution outsourcing to third-party developers, leveraging 20 years of internal sales capability. The Address office chain provides recurring SME workspace rental income across multiple HCMC buildings totaling over 32,000 m2. Customer concentration is structurally B2C with hundreds-to-thousands of unit-level buyers per project; the emerging B2B services arm adds modest diversification. There is no disclosed AI, ML, or data-platform capability, and no explicit revenue, headcount, or funding figures are available in the source data.

Name

An Gia Real Estate Investment and Development

Legal name

CÔNG TY CỔ PHẦN ĐẦU TƯ & PHÁT TRIỂN BẤT ĐỘNG SẢN AN GIA

Website

https://angia.com.vn

Company type

Public

Founded year

2005

Operating status

Operating

Headcount range

101–250 employees

Short description

An Gia Real Estate Investment and Development is a Vietnamese publicly-listed real estate developer (HOSE: AGG) that builds residential apartments, townhouses, shophouses, and office space across Ho Chi Minh City and surrounding provinces, serving middle-class home buyers, investors, and SMEs.

Ownership category

akta.pro rank

Headquarters

HQ city

Ho Chi Minh City

HQ country

Vietnam

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Marketing or Sales, Others

Revenue model

1. Real Estate Development and Sales: An Gia generates primary revenue through the development and sale of residential apartments, townhouses, shophouses, and hotel/condotel units. The company follows a traditional real estate development model acquiring land, developing projects, and selling completed or off-plan units to individual buyers and investors. Additional revenue is derived from property management services through An Gia Services subsidiary.
2. An Gia Services - Marketing and Distribution: An Gia Services provides comprehensive real estate marketing and distribution solutions to other developers, offering services including market research, project design consultation, sales and marketing, and project management. This service arm leverages the company's 20 years of experience in real estate.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

An Gia develops and sells residential apartments, townhouses, shophouses, hotel/condotel units, and commercial office spaces across Ho Chi Minh City, Bình Dương, and Vũng Tàu. The company acquires land, develops integrated projects with modern amenities, and sells units to individual buyers and investors through a direct sales force and exclusive channel partners. Through its An Gia Services subsidiary, An Gia also provides marketing, sales, and distribution solutions to other real estate developers in Vietnam.

Product overview

An Gia Real Estate Investment and Development (An Gia Group/AGG) is a Vietnamese real estate developer offering a portfolio of residential and commercial projects. The company operates a multi-product strategy across the mid-range to premium segments, including: (1) Residential complexes - riverside apartments (Skyline, River Panorama, Sky 89, Riverside), urban apartments (Westgate, The Star, The Garden), and integrated complexes (The Gió Riverside); (2) Township projects - The Standard Bình Dương featuring townhouses and shophouses; (3) Hospitality - The Sóng Vũng Tàu hotel/apartment project; (4) Commercial - The Address office leasing chain. The company also provides An Gia Services for marketing and distribution support. Projects span key locations in Ho Chi Minh City, Bình Dương, and Vũng Tàu.

Differentiator

Problem solved

Functional benefit

Brands

• The Address: Premium office leasing chain in Ho Chi Minh City
• The Gió Riverside

Products and services

• The Giớ Riverside Modern mixed-use complex in East Saigon (Đông Hòa Ward, HCMC) offering residential, commercial, services, living, working, learning, and entertainment amenities. Positioned as a riverside living space; 1,200 apartments sold on launch day at starting prices from 40 million VND/m2.
• Westgate Apartment complex located in West Saigon administrative center (Tân Nhựt Commune, HCMC) with approximately 2,000 units across 20 floors, total floor area of 31,005 m2. Completed Q1/2023; nearly 100% sold despite market challenges.
• The Standard Bình Dương Premium independent security cluster in Bình Dương with 374 townhouses and shophouses on 6.93 ha of land, featuring a 5 million USD clubhouse and 4,000 m2 central park. Completed Q1/2022.
• The Sóng Vũng Tàu Hotel and tourist apartment project in Vũng Tàu with over 1,500 products across 36 floors; total floor area of 123,424 m2. Completed Q1/2022; won multiple awards at Vietnam Property Awards 2019.
• Sky 89 Standalone riverside apartment complex in District 7 (HCMC) with 430 apartments across 35 floors; total project scale of 43,823 m2. Completed 2021.
• River Panorama Standalone riverside apartment complex in District 7 (HCMC) with 1,006 apartments; total project scale of 89,660 m2. Completed 2020.
• Skyline Riverside apartment complex in District 7 (HCMC) with 471 apartments across 35 floors; total project scale of 49,446 m2. Won Best Mid-end Condo Development at PropertyGuru Vietnam Property Awards 2018.
• Riverside Premium riverside apartment complex in District 7 (HCMC) with 246 apartments across 25 floors; total project scale of 26,020 m2. Completed 2017.
• The Star Mixed-use apartment complex in Bình Tân District (HCMC) with 480 apartments across 21 floors; total project scale of 35,335 m2. Completed 2017.
• The Garden Premium apartment complex in Tân Phú District (HCMC) with 390 apartments across 15 floors; total project scale of 37,959 m2. An Gia's first major residential project, completed 2016.
• The Address (Office Chain) Premium office leasing chain in Ho Chi Minh City with multiple buildings (191 Nam Kỳ Khởi Nghĩa, 63A Nam Kỳ Khởi Nghĩa, 60 Nguyễn Đình Chiểu) totaling over 32,000 m2. Targets small and medium enterprises with flexible areas from 37 m2 and hotel-like amenities.
• An Gia Services B2B service arm providing comprehensive real estate marketing and distribution solutions to other developers. Services include market research, project design consultation, sales and marketing, and project management, leveraging 20 years of accumulated real estate experience.

Quantifiable outcome

• 99% of Westgate apartments sold despite market challenges
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• Cali HomescoreChannel Partner/ Reseller/ Distributor · 25 July 2025Cali Homes is appointed as the exclusive distribution partner for shophouse products at The Sóng project. This channel partnership enables An Gia to leverage Cali Homes' sales network and expertise for exclusive distribution of shophouse units.
• An Gia ServicescoreImplementation/ SI/ Consulting Partner · 4 May 2024An Gia Services was launched as a separate brand to provide comprehensive real estate marketing and distribution solutions to other developers. The subsidiary leverages An Gia's 20 years of accumulated expertise in market research, project design, sales and marketing, and project management services. This represents the company's strategic expansion into B2B services.

Scale indicators6 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Hưng Thịnh Land: Major privately-held Vietnamese residential developer with HCMC-focused apartment, villa, and shophouse projects targeting middle-income and upper-middle-income buyers. Overlaps directly with An Gia's geographic and product positioning across mid-to-upper-mid residential projects.
• Phát Đạt Real Estate (PDR): HOSE-listed Vietnamese real estate developer focused on residential and hospitality projects, with a portfolio that includes condotels and apartments in coastal and HCMC-area locations (similar to The Sóng Vũng Tàu). Comparable mid-cap developer pursuing mixed residential-hospitality exposure.
• Đất Xanh Group (DXG): HOSE-listed Vietnamese real estate developer and broker with HCMC-centered residential projects plus a real estate services arm. Directly comparable to An Gia's dual model of property development combined with a B2B services/distribution subsidiary (analogous to An Gia Services).
• Nam Long Group (NLG): Vietnamese HOSE-listed developer with HCMC-concentrated mid-end apartments, townhouses (e.g., Valora, Flora), and EHome product lines targeting similar middle-income Vietnamese buyers. Directly comparable mid-end residential positioning and use of showflat-driven sales motions akin to An Gia.
• Khang Điền House (KDH): HOSE-listed mid-range residential developer in HCMC focused on garden-style apartments and townhouses in the mid-end segment. Highly comparable to An Gia in product positioning (mid-end condos, townhouse projects like The Standard Bình Dương) and HCMC-centric land strategy.

Broad incumbents

• Novaland (NVL): Major HOSE-listed Vietnamese residential developer with a portfolio of mid-to-high-end apartments, villas, and townships concentrated in HCMC and surrounding provinces. Closest large-cap analog to An Gia's mid-end residential condo and shophouse product, with overlapping geographic footprint.
• Vinhomes (VHM): Vietnam's largest mixed-use real estate developer and HOSE-listed subsidiary of Vingroup, developing large-scale residential townships nationwide. Overlaps directly with An Gia's residential condo/apartment and township product strategy, though at vastly larger scale and broader geographic reach.

Regional players

• Becamex IDC (BCI): HOSE-listed industrial and residential developer headquartered in Bình Dương province, overlapping directly with An Gia's The Standard Bình Dương township. Comparable in regional presence but differs in industrial-park focus alongside residential product.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/c/AngiaVn
• Facebookfacebook.com/angiagroup.official

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about An Gia Real Estate Investment and Development