Nam Long group (Hose: NLG) has scored poker with 4 awards at the The Asia Pacific Property Awards 2019-2020.
On May 19, 2019, at the Asia Pacific Property Awards 2019-2020 in Bangkok (Thailand), after having surpassed many strong domestic and international competitors, Nam Long Group (Hose: NLG) was honored with 4 awards: Award Winner Mixed-use Development Vietnam for Waterpoint township, Award Winner Apartment/Condominium Vietnam for Flora Condominium in Akari City township, two 5-star awards, i.e. Best Development Marketing Vietnam for Mizuki Park township and Best Commercial Real Estate Agency Asia Pacific for the Nam Long Real Estate Company Ltd.
Waterpoint township was an award winner for Mixed-use Development Vietnam
Speaking of the awards, Mr. Chu Chee Kwang, Nam Long General Director said: “The success at Asia Property Awards in the last 5 years has been an honor, pride for us and at the same time, a recognition of international organizations for the Nam Long’s contributions to the housing real estate development in Vietnam. Besides, the three winning township projects are all developed through the ventures with strategic Japanese partners, and these awards arrive just in time for the 5-year anniversary of partnership between Nam Long, Hankyu Hanshin Properties Corp. and Nishitetsu Group. The awards are great motivation for our strong partnership. We appreciate this and will continue to work together, as well as make efforts to continuously improve and bring to Vietnam market not only quality houses but also multi-utility townships, synchronously developed real estate ecosystem to provide residents a complete living.
Nam Long Real Estate Company, Ltd. was awarded Best Commercial Real Estate Agency Asia Pacific.
Asia Pacific Property Awards is the regional part of the prestigious International Property Awards which honor companies and the best housing and commercial real estate projects worldwide. This year award attracted many countries to participate across different categories, including Real Estate, Development, Architecture, Consulting, Interior Design… To be nominated for regional awards, companies and projects have to go through highly strict valuation and judgement process by an independent panel of over 60 industry experts from around the world.
April 2019, Flora Mizuki condominium project phase 1 – a component project of Mizuki Nguyen Son township (37 hectare, Binh Chanh district) co-developed by Nam Long and the two Japanese strategic partners has officially been topped out.
Officially launched in December 2017, the canal condominium project Flora Mizuki helped Nam Long break the sales record with 1,400 units sold in Phase 1 after a short time of announcement, contributing about VND 2,500 billion to the sales revenue. Flora Mizuki phase 1 is a composite of 5 blocks with 20 stories each (including 1 basement and 19 stories) which is expected for hand over at the end of 2019.
Flora Mizuki project is part of the Mizuki Park Township, co-developed by Nam Long and two Japanese partners: Hankyu Hanshin and Nishitetsu Group, and designed based on the standards of Flora product line (Affordable Condominium). The project site is located about 10 minutes away from Phu My Hung, within the area where many infrastructural projects are built such as metro line No. 4A, metro 5, monorail No. 2, Thu Thiem 4 bridge, Kenh Te 2 bridge … Leading companies in real estate and construction sectors such as Conybeare Morrison CM + (Australia – planning design), CPG (Singapore – landscape design), Aurecon (Australia – infrastructure design consultant) , Yellowstone Consultants (Australia – infrastructure design consultant), NQH (Vietnam – interior design consultant) and Hoa Binh Construction Group (Vietnam – general contractor) have taken part in this project.
Compared to other products within the same market segment, Flora Mizuki has a completely different two-level utility system: inner complex and township. At a township level, Flora Mizuki is located inside Mizuki Township which has low construction density of only 29%, surrounded by the 60-meter wide Ngang canal and 20-meter wide Lao canal, so the urban design is finely planned. The majority area is reserved for greenery and different utilities such as 75,000m2 of trees, 17,000m2 of canal, landscape lake, more than 40,000m2 of school land, 15,000m2 of commercial and service area , 7,500m2 of medical facilities, 5,000m2 of administrative and cultural works, sports centers, 2.5km of walking paths, 1.4km of cycling paths, 8 different theme parks for families and children, bonsai, meditation, events, riverside and sports … serving all the residents’ needs of leisure, entertainment, studying and trading while staying in the township. At a complex level, Flora Mizuki residents are entitled to exclusive facilities in private area such as 24-hour security, adult and children swimming pools, outdoor and indoor playgrounds for children, BBQ area, sports area, gym, canal, canal park, entertainment room, etc. Especially, all the apartments have broad view of the river sides or the 17,000m2 artificial canal.
In the period of 2019-2021, Nam Long set the objectives to increase number of products by four time and delivery by three times between 2015 and 2018, equivalent to almost 26,000 new products and more than 16,000 deliveries of EHome, Flora, Valora products in township projects. Projected after-tax profit is VND 956 billion, 26% higher compared to 2018, and will be up to VND 1,100 billion by 2020. Mizuki – Nguyen Son project, in particular, will provide to the market with a total of 5,200 Flora Mizuki apartments, 600 shophouses, townhouses, Valora villas and luxury villas. At the event to announce the township development and market expansion strategy on March 28, Nam Long informed that Mizuki – Nguyen Son phase 2 was expected to open for sale in the fourth quarter of 2019.
Property developer Nam Long Group (HOSE: NLG) announced its township development and market expansion strategy for this year at Nam Long Day it organised at the Intercontinental Hotel in HCM City on March 28.
This year besides speeding up projects on more than 400 hectares of available clean lands, Nam Long will also expand its business to the northern market and the southern key economic region with more than 200ha of new lands suitable for developing townships to realise its vision of becoming a leading township developer in the country.
Nam Long’s new townships will be in the 20-200ha range and built on unencumbered lands mainly in HCM City, Đồng Nai, Long An, Hà Nội, Hải Phòng and Quảng Ninh.
In addition to having good transport connectivity and urban infrastructure that gets regularly upgraded, these provinces and cities also have very high population growth rates and are home to many industrial parks and a young workforce.
Thus, they are appropriate for developing townships to serve the accommodation, entertainment, education, and commercial needs of locals.
Nam Long has successfully developed many townships in the past, such as Nam Long – Tân Thuận Đông (spread over 28ha in District 7), Nam Long – Phước Long B (34.7ha in District 9), Nam Long – Phú Hữu (17.5ha in District 9), Nam Long – Bình Dương (12.55ha), and Nam Long – Cần Thơ (80ha).
In 2018 Nam Long successfully developed three townships: the 37ha Mizuki in Saigon South, the 8.5ha Akari City in Bình Tân District and Waterpoint in Long An Province measuring around 165ha in the first phase.
Based on the momentum, this year Nam Long has acquired three new lands in Đồng Nai and Hải Phòng to develop the Nam Long Waterfront on 170ha, Nam Long-Đại Phước on 45ha and Nam Long – Hải Phòng on 21ha.
Nam Long Waterfront township
The Nam Long Waterfront township is located in Long Hưng Commune in Biên Hòa city, separated from the VinCity project in HCM City’s District 9 by the Đồng Nai River.
This area has the most dynamic and developed economy and infrastructure in Đồng Nai Province.
Within a radius of five kilometres from the project are inter-regional arterial roads such as National Road 51, National Highway 1A, Hà Nội Highway, Mỹ Phước – Tân Vạn – Nhơn Trạch Avenue, HCM City – Long Thành – Dầu Giây Expressway, the future Long Thành international airport and metro route linking Bến Thành – Suối Tiên – Biên Hòa.
This area is also home to a number of large industrial parks such as Biên Hòa 1 and 2, Amata, Long Bình, Tam Phước, and Long Thành, where tens of thousands of experts and workers work and live.
The township is also located close to the Sơn Tiên eco-tourism area, Long Thành golf course, Shing Mark International Hospital, and the Long Thành and Biên Hòa city administrative centres and offers easy access to the Việt Nam National University-HCM City, Suối Tiên tourist area, Cancer Hospital 2, the new Miền Đông Bus Station, and the Saigon Hi-Tech Park, providing added convenience to future residents.
The Nam Long Waterfront project has been allotted land and it has paid the land use fees and received approval for its 1/500 plan and the land use rights certificate (red book).
The township is expected to be built in 2019 – 25 at a cost of VNĐ9.2 trillion (US$396 million).
When finished, it will have more than 4,000 villas and 3,000 apartments.
Nam Long Đại Phước township
Nam Long Đại Phước township is situated in Nhơn Trạch District, Đồng Nai Province. It is on Đại Phước Island, dubbed the “Pearl of the east of Saigon” and surrounded by the Saigon River, which brings a cool breeze all year round.
With its prime location near Districts 2, 7 and 9 in HCM City, from Nam Long Đại Phước it will be easy to access key transportation routes such as Highway 51A, HCM City – Long Thành – Dầu Giây Expressway, Bến Lức – Long Thành Expressway, and Long Thanh International Airport in future.
When the Ring Road No.3 is completed in 2020, it will take a mere 20-25 minutes to go from the township to HCM City’s central business district.
Nam Long Đại Phước also boasts beautiful scenery since it lies along 1,200m of the Cái River, and has outstanding facilities thanks to its location next to CBD central park and Jeongsan golf course, not to mention its internal facilities.
Nam Long Đại Phước has completed compensation payments for the land, paid the land use fees and got approval for its 1/500 plan and the land use rights certificate (red book).
The project is expected to be built in 2019 – 21 at a cost of VNĐ 3.5 trillion (US$150.8 million), with its main products being duplex apartments and independent villas.
Nam Long Hải Phòng project
Nam Long – Hải Phòng is the first project in Nam Long Group’s strategy to expand into the northern part of the country.
Located 20 minutes from the centre of Hải Phòng city and over the Bính Bridge, Nam Long – Hải Phòng is located in an extremely strategic position and boasts access to modern road, sea and air transportation facilities such as National Highway No.5, National Highway No.38, Hà Nội – Hải Phòng Expressway, and Cát Bi Airport to connect seamlessly to Hà Nội as well as Quảng Ninh Province.
Nam Long – Hải Phòng is located in a very busy, densely populated area with many facilities such as the VSIP clean industrial park, Vũ Yên golf course, Aeon Mall, and Lạch Huyện deep-water seaport.
From now to 2020 a series of bridges including Hoàng Văn Thụ, Nguyễn Trãi and Vũ Yên will be put into operation, reducing travel time from Nam Long Hải Phòng township to Hải Phòng city centre to just 10 minutes.
Legal procedures have been completed for the project and it will be developed in two phases.
It will supply to the market a total of 850 villas, commercial townhouses and 2,200 apartments and have facilities such as schools, malls, parks, sports grounds, and others.
Steven Chu, CEO of Nam Long Group, said: “Nam Long has been preparing for a breakthrough in township development for many years by tying up with foreign investors, raising funds, accumulating experience in property development, seeking lands and so on. It is time for Nam Long to confidently take off.”
Indeed, the lands it announced it owned last year and on which it has begun to develop Mizuki and Waterpoint show Nam Long’s vision. Bought long ago at low rates, they now command very good prices.
For example, the area of 165ha (empty land) meant for the first phase of Waterpoint, equivalent to 45 per cent of the total project area (355ha), is estimated by real estate consultancy Cushman & Wakefield at $65 per square metre.
This means the land value in the first phase is $106.8 million (approximately VNĐ2.43 trillion).
In contrast, the entire 355ha is recorded in the company’s books at just VNĐ1.504 trillion.
Thus, assuming Nam Long will contribute 50 per cent of the joint venture’s capital to develop the Waterpoint project, the company could record an additional VNĐ1.7 trillion in profits from the valuation of the 165ha of land.
Nam Long Nguyên Sơn (Mizuki) has also achieved great success, with record sales in its first phase. It sold 1,000 Flora apartments and 1,000 EHomeS apartments and Valora townhouses/villas in a very short time, earning revenues of nearly VNĐ4 trillion.
Speaking about business strategy and co-operation to develop new townships, Nguyễn Minh Quang, Nam Long’s director of sales and marketing, said: “Besides maintaining core ‘affordable’ products under the Ehome, Flora and Valora lines, Nam Long will begin a very special form of business co-operation.
“We will give priority to partners who buy wholesale Nam Long’s clean lands which have been completed legal procedures and the infrastructure.
“Nam Long will also expand co-operation with commercial real estate developers to build hospitals, schools and supermarkets to create facilities for people living in Nam Long’s townships as well as the surrounding areas. ”
Nam Long has 27 years’ experience in township development with product lines: EHome, Flora and Valora.
It has total assets of more than VNĐ9.5 trillion and possesses over 800ha of unencumbered land in prime spots, ensuring it can continue development for the next 10 years.
It has a desirable portfolio of shareholders and partners such as Nam Viet Ltd (100 per cent subsidiary of Goldman Sachs), IFC, Ibeworth (Keppel Land), and Mekong Capital.
It has tied up with partners with enormous experience in international real estate such as Hankyu Realty, Nishi Nippon Railroad, Gamuda Group, and Indochina Capital.
Even though the Vietnamese property market is dominated by Singaporean and South Korean developers, Japanese investors are trying to climb closer to the top spot.
Japanese investors are increasingly attracted to the Vietnamese real estate market
For the past year, many Japanese investors have co-ordinated with Vietnamese counterparts to develop property projects in the country.
The largest project to come from Japanese investment so far, Sumitomo and BRG Group are expected to start construction of a $4.2 billion smart city in Hanoi this year.
Elsewhere, Mitsubishi has also co-operated with ¬Vietnamese property developer Bitexco to create 240 low-rise housing units and two high-rise condominiums out of a proposed total of more than 1,000 low-rises and 17 high-rises at The Manor Central Park project, also located in the capital.
Mitsubishi has recently decided to pour a total of around $500 million to develop a range of projects developed by ¬domestic Phuc Khang Group.
“Major cities like Hanoi and Ho Chi Minh City have high population density and large-scale economies, while the housing supply still limited. The improving infrastructure system within the real estate market offers high potential for future investment,” a representative from Mitsubishi said.
“Japanese and Vietnamese investors are of similar mindsets and hold similar -development strategies. Therefore targets from both sides will bring about new residential areas to Vietnam,” he said.
Meanwhile, Hankyu Hanshin Properties Corporation and Nishi Nippon Railroad have also been in co-operation with Nam Long Group to develop a range of property ventures in Vietnam.
Kajima Corporation, a Japanese group which has been actively investing across Southeast Asia, has a current partnership with Indochina Capital to invest more than $1billion spread over several years to develop a chain of 20 hotels in Vietnam, Cambodia, and Laos under the brand name of Wink Hotels.
Keisuke Koshijima, executive vice president and general manager of the Overseas -Operations Division of Kajima Corporation, told VIR that besides investing in the hotel segment, the company is still looking for opportunities in offices, residential areas, and other real estate development.
“Against the backdrop of continuing economic growth, Vietnam keeps its position as one of the hottest markets in the world for Japanese investors. I foresee that this trend will ¬continue in the years to come,” Koshijima said.
Alongside this, the Vietnam real estate market has attained interest from other groups such as Nikko, Tokyu, AEON, Nidec and Hitachi.
On December 31st, 2018, the 6th Ashui Wards 2018 – a prestigious construction award in Vietnam – announced that Nam Long Group (HoSE: NLG) was honored with the title “Developer of the year”.
This award recognized NLG’s contributions to community via efficient housing development with designs that optimize apartment and project space, in order to provide houses with high living quality, sufficient utilities, and especially affordable compared to other products of the same segment.
Over 26 years of real estate development, NLG’s projects are selected by over 17,000 households as their homes. The company’s development strategy that focuses on “affordable housing” also attracts support and attention of international organizations like World Bank, Goldman Sachs, Mekong Capital…, as well as partners with top companies like Hankyu Hanshin Properties Corp, Nishitetsu Group (Japan), Indochina Land, Gamuda, etc.
After nearly 26 years of operation, Nam Long Group (NLG) made some significance with a series of housing projects such as Thao Nguyen Saigon, Phuoc Long B, Tan Thuan Dong, Kikyo Residence, Fuji Residence. Recently, Nam Long attracted more attention when focusing on the development of a complete real estate ecosystem at three projects Mizuki Park, Akari City and Waterpoint.
Nam Long is accompanied two Japanese partners, Hankyu Hanshin Properties Corp. and Nishi Nippon Railroad in all three township projects. With over one hundred years of experience in real estate development in Japan, in addition to the capital contribution, these two partners also made bold mark in every cooperating project with Nam Long, in terms of planning as well as design and selecting building materials.
Above all, these projects not solely provide housing products but also utilities such as schools, health centers, amusement parks, commercial and office areas … which response daily needs of the residents without making them to travel outside the area. It helps residents save time, reduce travel costs and create a more modern lifestyle.
Mizuki Park is well-designed in harmony with the water and green landscape, bringing a desirable living space for urban residents.
First of all is the 26 hectare Mizuki Park township located on Nguyen Van Linh Boulevard (South Saigon). With a series of utilities such as 17,000m2 of canals, more than 103,000m2 of greenery, 40,000m2 of schools; 15,000 m2 of trading – service area; sports center; amusement park …, Mizuki Park brings a modernity and comfort to living space but still remains in harmony with the nature. Reserving a lot of spaces for trees and water, in addition to the embrace of Ngang canal and Lao canal, makes Mizuki Park a “green town” in the heart of the city. At home, the residents can leave behind all the fatigue and noisy of the city to breathe in fresh air and green vibes. For these reasons, Mizuki Park is expected to be a standard for Japanese style township in Ho Chi Minh City’s real estate market.
At Akari City project, located right on Vo Van Kiet Boulevard, just 15 minutes from District 1, Nam Long and two Japanese partners have another approach to living space planning. On an area of 8.5 hectares, Akari City is developed base on the concept of a “multi-purpose residential city” with 4,600 Flora apartments renovated and upgraded, and the utility system including shopping and dining; educational area; healthcare center; landscape parks, amusement parks …
The highlight of Akari City is a large central park which combines a number of exciting amenities, contributing to create a new lifestyle in the city center.
Located in the city center, dedicating a lot of space for public area and utilities can reduce investor’s profitability, but the increase in living quality of the residents is worth it. In addition to the common facilities such as schools, hospitals, shopping malls and food courts, each block at Akari City will also have self-contained facilities such as community clubs, swimming pool, children’s playground, gym, coffee terrace … Stepping away from public areas, homeowners can enjoy a private and quiet place where seniors can live happily in peace and children can freely play with friends without making their parents worried about security and safety.
Another remarkable project of Nam Long is the 355 hectare Waterpoint township in Ben Luc, Long An, 30-45 minutes from the center of HCMC. Based on Japanese township model, the project includes townhouses, villas and condominiums; office complex; shopping, service and entertainment center; hospital; preschool education – primary school; university; hospital; sports complex…
Waterpoint is properly planned as a satellite city of Ho Chi Minh City, capable to satisfy all the needs of residents in using services, learning, entertaining and working.
After completion, Waterpoint will become a fully functional township, not only serving the residents but also sharing responsibility with HCMC in satellite town development strategy to shift the population. Especially, the highlight of Waterpoint is the 21 hectare central park combined with the canal and landscape system, which harmoniously and flexibly interwoven with the apartment buildings. Moreover, the embrace of Vam Co Dong River around three sides of Waterpoint creates a living space similar to those of eco resorts.