Mizuki Park: The happy green land in the south of Saigon

Following the fast development and the establishment of high quality townships, Saigon South is becoming an ideal living destination for intellectuals and successful young people.

Among those, Mizuki Park is one of the most highly rated by the majority of people.

Mizuki Park township is contoured by Ngang and Lao canals and covered by a large greenery.

Satisfiable green living space

The current criteria for choosing a living and working place in Ho Chi Minh City have changed a lot compared to before. The growing demand for enjoyment has made the living environment increasingly concerned. Homebuyers now are not only looking for a comfortable home with modern design, but also a fresh living environment and a friendly community.

With a size of 26ha and a location right on the front of Nguyen Van Linh Boulevard, Mizuki Park has become an ideal destination for people in Saigon South as  Nam Long and two partners from Japan, namely Nishi Nippon Railroad and Hankyu Hanshin invested to build a harmoniously combination of urban modernity and green space.

Peaceful, relaxing and secure living space is established at Mizuki Park

Mizuki Park has an extremely low construction density of 29% and is prominently designed with an ecological landscape along a 17,000m2 canal that weaves through the area and a large green coverage of more than 103,000 m2 including 8 theme parks bringing fresh air everyday. Not to mention the 60m wide Ngang canal and 20m wide Lao canal surrounding the township offer a romantic view for sightseeing and exercising, and turning the living environment at Mizuki Park into an immensely green area. Many studies worldwide have shown that living close to nature will help people live longer, happier and more creative at work.

Besides green living, Mizuki Park also has countless modern facilities to fully meet all living needs of the residents, including swimming pool, children playground, walking trail, marina, Japanese mediation park, pedestrian bridge, Event Park, etc. The demand for socialising among the community is also well invested, creating a civilised and friendly living environment.

Exclusive facilities for residents of Flora Mizuki

Tuong Vi, a young resident at Mizuki Park, said that “Having lived here for a while, my family is very satisfied as all the facilities are right at my doorstep, Flora apartments are designed in japanese style, usable space is optimised, providing a sense of comfort, and at the same time the 24-hour security system ensures absolute safety and privacy. Some of my friends also bought apartments at Mizuki Park after visiting the quiet and spacious living environment for children”.

Sustainable double value

Not only being impressive with its quality living space and beautiful landscape, Mizuki Park also attracts customers thanks to its increasing price margin and attractive rental income. After more than a year from handing phase 1 to the residents, the selling price of Flora Mizuki apartment is about VND 2.2 billion/apartment (58m2), VND 2.8 billion/apartment (72m2) on the secondary market, increasing about 40% compared to the original price. The current monthly rental price of apartments here also ranges from VND 9-15 million, depending on apartment size. The Valora Mizuki commercial townhouse, in particular, has doubled in price compared to the time of sale.

The price of houses and apartments in Mizuki Park increased sharply in addition to the great demand of city residents, but the supply is limited as projects on Nguyen Van Linh Boulevard – the arterial route of South Saigon, are still pending. 21 promising complexes functionalized in finance, commercial and service, science, culture and education with many universities, research institutes, commercial and service zones, and a large entertainment park, have been planned along this route.

Perspective of three Flora MP6- MP7 – MP8 apartment blocks in Mizuki Park that Nam Long Group is about to offer for sale

Up to now, after a year of handover,  the number of residents moving to Mizuki Park is increasing with about 2,000 households. Commercial services have also become more active. Moreover, it only takes 5 minutes from Mizuki Park to the bustling Phu My Hung and about 10 minutes to the city center, which is very convenient for the residents.

A series of key infrastructure projects under development will enhance the connectivity between Saigon South and the city center such as Kenh Te 2 bridge, Thu Thiem 4 bridge, Binh Tien bridge, Nguyen Van Linh and Nguyen Huu Tho intersection, in addition to the plan to upgrade Binh Chanh and Nha Be to district, will trigger the bustle of Mizuki Park. From a market perspective, house prices at Mizuki Park are on a strong upward trend while there is no land fund to develop such townships with large green coverage and complete utilities.

In response to the needs of customers, Nam Long will officially launch the three blocks of MP6 – MP7 – MP8 at Flora Mizuki at the end of this April. This is a beautiful canal park apartment complex surrounded by the canal park, located next to the Event Park and Japanese garden. The apartment design is also optimally adjusted to modernity. This is an opportunity for residents who wish to experience a satisfying life in Mizuki Park township.

Source: Dan Tri

Read more...

600 apartments sold in Mizuki Park, with estimated sales of over VND 2000 billion

On April 25, 2021, Nam Long successfully held the launching ceremony of Mizuki Park phase 2 to start the apartment selection to customers who have registered in the 3rd Housing Savings program in August 2020. At the event, 600 canal apartments of Flora Mizuki MP6, MP7, MP8 were officially sold, bringing in more than VND 2,000 billion in sales for Nam Long, Hankyu Hanshin and Nishi Nippon Railroad.

More than 1400 customers who registered in the 3rd Housing Savings Program attended the event

The 26-hectare Mizuki Park in Binh Hung, Binh Chanh is a rare piece of land that is at an urban scale in the South Saigon area. The project is taking the spotlight nowadays following Ho Chi Minh City’s urban planning journey to promote Binh Chanh and Nha Be to districts before 2025. As a result, this area was given the opportunity to make a strong breakthrough and attract more domestic and foreign investments in the future, as it’s becoming an economic, commercial center and traffic hub in the south.

At the event on April 25, 2021, Nam Long Group and its two Japanese partners, i.e. Hankyu Hanshin and Nishi Nippon Railroad successfully converted 600 Flora Mizuki apartments into MP6, MP7, MP8. Sales estimatedly reached more than VND 2,000 billion within just 5 hours.

Perspective of Flora Mizuki canal apartments MP6, MP7, MP8

The newly launched Flora Mizuki canal apartments in MP6, MP7, MP8 are surrounded by a green canal system and located next to Event Park square and the central Japanese garden. Besides, there are exclusive facilities such as a lookout point, children’s and adult swimming pools, sports fields, gym, yoga, co-working space, outdoor and indoor children playground, relaxing garden, outdoor BBQ area, etc. The 3 block buildings are placed in a zigzag, allowing apartments to be more exposed to natural light and wind. All are handed over with full basic furniture such as wooden floor, lighting equipment, bathroom equipment, kitchen, etc. saving buyers quite a lot of investment to complete the apartment.

In addition, residents have access to a modern ecosystem of high-class facilities including 17,000 m2 of canals; 2.5 km of bicycle path; 103,000 m2 of trees; family, kids, bonsai, meditation, events, waterfront and sports theme parks; 40,000m2 of school; 15,000m2 of trade – services, sports center, medical area, entertainment area. The internal and external facility system allow residents to enjoy modern and secure living in a peaceful environment in the middle of a bustling city.

Canal park, Japanese garden at Mizuki Park

In addition to a investor’s reputation and strong financial capacity, Mizuki Park’s quality is also guaranteed by leading companies in the international real estate industry and construction such as Conybeare Morrison CM+ (Australia, planning design), CPG (Singapore, landscape design), Aurecon (Australia, infrastructure design consulting), Yellowstone Consultants (Australia, infrastructure design consulting), NQH (Vietnam, apartment design consulting), Tung Feng Construction Engineering Co. (Taiwan, Construction of pile foundation, has built high-end apartment projects of major investors including Vingroup, Masterise, Phu My Hung, etc.)

For all the above reasons, Mizuki Park apartments are always in scarcity after every new product launch.

Source: Nam Long Group (Hose: NLG)

Read more...

Chairman of Nam Long: ‘Affordable housing is almost extinct’

Sharing at the annual general meeting of shareholders on April 24, Mr. Nguyen Xuan Quang – Chairman of Nam Long – said that the company heads towards 2030 as the leading real estate developer in the region, with the participation of international consultants.

Accordingly, the company will gradually move from developing affordable housing to the developer of integrated urban areas, while strengthening its position in the core business (housing development).

Nam Long (NLG) is known for its affordable housing product line, typically Ehome apartments. Mr. Quang said that this segment on the market is now “almost extinct” and the opportunities for other businesses are not much.

“But we judged otherwise. The demand for the Vietnam market is large because the population is young and the immigrant population is high. Nam Long has been developing this product line for more than 14 years, so we think that affordable housing is the mass need. The demand is still enough for Nam Long to develop this business in the next 10-20 years”, Mr. Quang declared.

“The government is having policies that show support for the affordable housing segment. It’s a will, but enforcement will be a different story,” Quang added.

Besides expanding the land fund, Nam Long also aims to diversify growth by developing integrated real estate. General Director of Nam Long Land, Mr. Nguyen Thanh Son said that one of the first projects that the company will implement under this model is the WaterPoint urban area in Long An Province, with an area of 355 hectares.

According to Mr. Son, an integrated urban area will develop based on 5 factors including living environment, recreation, shopping, work, and education. “This is an important business in our step-by-step strategy to become an integrated urban developer in the next 10 years”, Mr. Son emphasized.

2021 is the first year in Nam Long’s 3-year strategy of 2021-2023. The company aims to grow sales by an average of over 85% per year. In 2021 alone, Nam Long’s revenue is expected to reachVND4,963 billion, up 124% compared to the previous year. Its profit after tax is expected to reach VND1,367 billion, up 61% compared to 2020. Nam Long plans to pay dividends in cash at a rate of 15%.

In April 2021, the company offered 210 apartments for sale and consumed 190 units. Nam Long is about to offer 700 Mizuki apartments for sale in late April.

“We have researched and are confident that we in 2021 can achieve the plan”, Mr. Son said. Nam Long this year will collect revenue from the Mizuki, Izumi, Paragon, Akari projects.

Also this year, NLG plans to spend VND2,000 billion to expand the land fund. In addition to some priority districts in ho Chi Minh City, Nam Long will expand the market in Hanoi and some cities such as Hai Phong, Can Tho, Da Nang, etc.

In addition to the available capital, Nam Long also plans to raise its capital this year. The company is working with international financial institutions to prepare for the issuance of bonds this year. The company plans to borrow about VND 1,000 billion to replenish capital.

In the first quarter of 2021, Nam Long reported its revenue of VND235 billion, only 56% of the same period but its profit after tax reached VND365 billion, 3.3 times over the same period.

(Source: Nam Long Group (Hose: NLG))

Read more...

Real estate developer Nam Long achieves a new stature despite pandemic

The COVID-19 pandemic has made 2020 a challenging year for global and Vietnam’s economy particularly. In the difficult context, Nam Long Group conducted a series of M&A in the real estate market.

Nam Long has 700 hectares of land in several localities including Ho Chi Minh City, Dong Nai, Binh Duong, Long An, Can Tho and Hai Phong. Photo: Nam Long

Most recently, the Group signed an agreement to buy 30% additional shares from foreign partners and established a complete ownership in a 190ha integrated urban area project in the Eastern area of Ho Chi Minh City. Total investment was estimated at VND 10,000 billion ($434 million). The project is expected to become an important driving force to boost profit growth of Nam Long over the next 5 years.

Large land reserve in strategic locations

Currently, Nam Long has 700 hectares of land in several localities including Ho Chi Minh City, Dong Nai, Binh Duong, Long An, Can Tho and Hai Phong. These are all key economic regions, large cities or tier-2 cities which have positive economic growth potentials and attract a workforce with great housing demand. The Nam Long’s land in the localities has great development opportunities since there are several key infrastructure projects such as highways, airports and seaports are under-construction.

Nam Long is developing integrated urban areas with hundreds of hectares in the Western and Eastern gateway of Ho Chi Minh City such as Waterpoint (355ha) and Izumi City (190ha). Other key projects Nam Long is implementing in Ho Chi Minh City include Mizuki Park (26ha), Akari City (8.5ha) or Nam Long – Can Tho (43ha) in Can Tho City.

The accumulation of a large land reserve is an advantage for real estate businesses to maintain sustainable growth. Land fund and urban housing development is the core business that holds an important role of Nam Long. The group always has a plan for project development in not only 1 year but at least for the next 3-5 years, or even 10 years, said Nguyen Thanh Son, General Director of Nam Long Land.

In fact, a large urban land fund of nearly 700 hectares serving the development strategy of new urban areas in the city was planned 15 years ago. The plan was done after careful research from domestic and international real estate firms. Nam Long has its own choice and is steadfast with that path to overcome challenges, rarely following the market’s transient trends, he added.

Despite difficulties caused by the pandemic, Nam Long recorded positive business results in 2020 with net revenue of VND2,217 billion ($96 million), exceeding whole-year goal by 46%.  The corporation reported 2020 profit at VND835 billion, beating target by 3%. The Group also recorded VND3,800 billion in pre-sales for pre-sales by customers in integrated urban projects that are preparing to open for sale.

According to VNDIRECT Securities Company, Vietnam’s housing market began to recover from 2021 due to the large-scale recovery economy and reasonable mortgage interest rates which supports the real estate market. The market improved the housing supply recovering after legal bottlenecks have been removed.

“We believe that Nam Long will be one of the most favorable investors as Nam Long’s project is in a position to benefit from infrastructure projects, while owning a wide range of products. Many segments meet the real needs of people “, according to VNDIRECT report.

Photo: Nam Long

A prominent developer of an integrated urban area

2021 is considered a pivotal year for the breakthrough growth strategy entitled “Dragon Growth Transformation”, marking a completely new appearance of Nam Long when the “king” of affordable products becomes a leading and innovative integrated real estate developer.

This strategy match with the current situation when the Vietnam’s real estate market is gradually shifting to a new form to satisfy the demands to have a higher quality living environment. Customers do not only need a place to live, but also a place to meet all of their demands including living – working – playing – shopping – education.

According to Nam Long’s strategy of developing integrated urban areas with a complete ecosystems for residents, beside the traditional affordable and high-end product lines such as Ehome, Flora, Valora …, the Group will develop new product lines in the mid-end and high-end segments. It also participates in developing other real estate types such as commercial real estate, schools, hospitals, services – entertainment complexes, offices, retail areas, creating high-quality residential communities and have their own lifestyle.

Realizing the goal of becoming a developer of a large-scale integrated urban area by 2030, Nam Long has undergone a strong transformation in its governance structure such as appointing a new CEO, consolidating the leadership system and restructuring the organization towards forming business units.

Each of these units is the operating profit center contributing to profit growth of the Group. Over the next 3 years, net profit contribution from these units is expected to increase by 32% per year on average. The Group also cooperates with a leading strategic consulting brand in the world to set out a plan for outstanding growth in the period of 2021-2030.

In this year, the Group will continue to bring the core business of housing development to maintain growth momentum at 20-25%. The growth rate could be higher in favorable market conditions.

Its business plans of urban areas have been deployed in Waterpoint, Mizuki Park, Akari City. Nam Long started selling the first products of Waterfront urban areas (170ha), Nam Long – Can Tho.

It is expected that the Group will launch more than 3,000 products, from “affordable” EHome apartments, Flora mid-range apartments, townhouses, Valora villas, Valora premium, Grand Villa luxury villas, land plots to meet the diverse demands of the market.

Source: Nhip cau dau tu

Read more...

Mizuki Park 10 months after handover

The “Housing Savings Program 2020” applicable for Flora Mizuki Canal Park apartment MP6-MP7-MP8 in Mizuki Park phase 2 had 1,200 registrations within the first day of launch. What factors have given customers the confidence to choose this township?

The panorama view of Mizuki Park

In 2017, the Mizuki Park (26ha, Binh Chanh) was introduced, bringing the partnership between Hankyu Hanshin, Nishi Nippon Railroad and NLG to a new position with the All-in-one township model that serves all residents’ essential needs such as study, work, entertainment, shopping, etc right inside the township.

At that time, Nam Long offered the Flora Mizuki detached apartment at VND 27 million per m2 and the townhouse/villa at VND 40 million per m2. The current prices have soaked up to around VND 35 million per m2, villas 80 million per m2.

A year after phase 1 handover, Mizuki Park is blooming, the streets are becoming more bustling with the more people come to live here.

The highlight of Mizuki Park, township of Water and Wood, is the 17,000-m2 canal system flowing through the township.

Nam Long is finishing up a series of facilities along the canal such as theme park, Japanese garden, pedestrian bridge, 20-m walking trail, …

Upon completion, residents will have access to major facilities including 2.5-km cycling trail, 103,000m2 of greenery, theme parks, 40,000-m2 of schools, 15,000-m2 for commercial and services, sports center, medical center, entertainment center, etc.

The Flora and Valora Shophouses on the ground floor are occupied by supermarkets, pharmacies, restaurants, shops, etc. supplying essentials for residents.

Flora Mizuki Apartments are built based on the affordable condominium standard that is completely self-contained with a 3-layer security control system.

Flora Mizuki’s facilities are exclusive to the residents including pools for adults and children, outdoor and indoor children’s playground, BBQ, indoor sports, lake, park, lakeside park, entertainment room, library, etc.

Exclusive facilities give residents privacy and comfort at their own residency.

Garden apartments have advantage of 3rd floor position so homeowners can grow their own garden with plants and flowers

Mizuki Park’s modernity and synchronous infrastructure have intrigued people moving in from the city center. Not only the value of Nam Long’s project but also other small projects nearby have been increased. As a result, phase 2 was highly welcome at introduction.

In August, 1,200 registrations of “Housing Savings Program” for Flora Mizuki MP6-MP7-MP8 were submitted within the first day of launch.

The Flora Mizuki MP6-MP7-MP8 apartments have an edgy waterfront position, next to Event Park, Japanese Garden, and the schools. Thanks to the zigzag design, the apartments are more exposed to wind and light. Apartments have optimal design and come in different sizes, including: 58m2, 67m2, 78m2, 95m2 (2 and 3 bedrooms), 111m2 (dual key), with basic furniture, wooden floor, kitchen cabinets, toilets, etc.

Event Park is the final touch point of the compound Flora Mizuki MP6-MP7-MP8.

Source: muabannhadat.vn

Read more...

Nam Long’s projects continues to report high absorption rate in q3

Amidst the complicated situation of Covid-19 in Q3, Nam Long(HOSE: NLG) still reports a favorable absorption rate, following their flexible sales programs. 

In particular, in the first month of Q3, Nam Long successfully introduced Waterpoint’s products including 500 products of Valora villas,  detached villas, garden townhouses, commercial townhouses, and 2 new luxury products which are the Grand Villa and Riverfront Villa, with a value totaling over VND 2,000 billion.

At the beginning of August, Nam Long announced the 3rd Housing Saving program in cooperation with Vietcombank. With this program, customers who want to buy a house can open a savings account at Vietcombank at the regularly offered interest rate until the sale event is opened, instead of transferring money to the investor. Customers are fully active in controlling and closing their savings accounts at any time. When the sale starts, the account balance will be converted into a deposit for the investor. In the two programs previously launched in 2018 and 2019, there were more than 2,500 participants who have become homeowners at Akari and Waterpoint townships.

August 2020, on the first day of sales, over 1,200 people have joined in the program and opened a savings account, twice the number of products Nam Long planned to supply which is 600 apartments in three blocks of MP6, MP7, MP8 (Flora) in the 26-hectare Mizuki Park township located on Nguyen Van Linh Boulevard, South Saigon.

The proposed perspective of the 26-hectare Mizuki Park

According to VNDirect Securities, Waterpoint’s high absorption rate can increase Nam Long’s sales record in 2020. Thus, VNDirect expects NLG’s net profit to reach VND 1,421 billion, equivalent to an 48% increase compared to the previous year thanks to the handover of projects Waterpoint, Akari City and Mizuki Park.

Speaking of Akari City, the construction progress exceeded the pan and officially completed phase 1 in early August 2020. According to Nam Long, Akari City has so far brought in a revenue of over VND 340 billion since the beginning of 2020. Also, Nam Long planned to launch the Akari shophouse at the front of the 42-m wide commercial avenue by the end of this month (September). Each apartment has an average size of 400 meter square and a price of VND 20 billion VND per unit.

The perspective of Nam Long’s shophouses at Akari City

Source: Vietstock.vn

Read more...

Nam Long: Sales revenue soaked to vnd 2,340 billion, interest totaled vnd 179 billion in first half of the year

Through a difficult time of the real estate market due to impacts from Covid-19, Nam Long Group (NLG) still recorded quite positive sales results. Besides, short-term advanced payments have increased by approximately 30% as of the end of Q2/2020.

NLG’s Q2 consolidated financial report recorded revenue of VND 242 billion and net profit of nearly VND 68 billion, dropping by 60% and 49% YOY, respectively. The revenue dropped as all products at Flora Novia and Flora Island had been handed over in 2019 and Q1/2020.

In Q2, NLG’s revenue from the handover of apartments, villas, land plots totaled VND 76 billion, while revenue from general contractor and construction services reached VND 154 billion, accounting for 64% of the revenue structure. Nam Long also disclosed that revenue and profit from other in-progress projects cannot yet be recognized. In the first 6 months of 2020, NLG reported VND 658 billion in revenue and VND 179 billion in net profit. A notable advantage of NLG is the short-term advanced payments of over VND 1,712 billion, increased by 30% compared to the beginning of the year. This is deposits from customers who buy apartments, villas, and land but have not received the properties by the date of closing balance sheet i.e. June 30, 2020.

NLG also has an accrued VND 670 billion long-term revenue which is the total profit from transferring a part of the Nguyen Son project to Mizuki Company and a part of the Waterpoint project to Southgate base on their percentage ownership in this joint venture. As of the end of Q2/2020, NLG’s total assets reached over VND 11,800 billion, increased by VND 1,000 billion compared to the beginning of the year, of which the total of cash, cash equivalents, and short-term deposits is over VND 1,400 billion.

The year-to-date sales revenue reached VND 2,340 billion 

Facing the interrupted market due to Covid-19, Nam Long has still put through promising business performance.Indeed, on July 19, 2020, Nam Long successfully organized the Launching Ceremony of detached villas in Aquaria subdivision and luxury collection (Grand Villas & Riverfront Grand Villas) in  Rivera 1 subdivision at Waterpoint. The Grand Villas have total area of ​​more than 300m2 and cost about VND 10 billion, while Riverfront Grand Villas are located along the Vam Co Dong river, with a total area of ​​400 – 1000m2 and prices from VND 16 to 30 billion.

NLG’s representative shared that the detached villas, Grand Villa, and Riverfront Grand Villa at Waterpoint are designed for high-end customers who have their preference and taste. The launch of these luxury products has returned a sales revenue of almost VND 800 billion within 1 day for the Group. Overall, approximately 500 products including Valora single villas, duplex villas, garden townhouses, commercial townhouses, and 2 new high-end products Grand Villa and Riverfront Villa, have been sold since the beginning of the year, bringing sales revenue of VND 2,000 billion (of which July sales is VND 1,500 billion).

Previously, Nam Long successfully launched more than 130 Flora apartments worth over VND 340 billion. So far, NLG’s total revenue as of July 21, 2020, is VND 2,340 billion. According to NLG, the handover of Waterpoint’s will include 289 products in Q3 and 204 products in the Q4. The Akari project is scheduled to take off in the Q3, around mid-August. As in the sales plan, NLG continues to introduce the 2 projects Akari and Waterpoint, and the housing saving program for the Mizuki project.

Source: Vietstock.vn

Read more...

Nam Long offers practical financial solutions for Mizuki Park buyers

Housing prices have relentlessly risen to new highs, making it difficult for many people to buy one. Realising that, a number of businesses with deep pockets are offering practical solutions to enable them to realise their dream of owning a house.

According to JLL, only 3,820 units were launched in HCM City in the second quarter of this year, or just one third of the quarterly average in 2017-18. Around 83 per cent of the 3,855 apartments that changed hands during the quarter was in the mid-priced segment.

Despite difficulties posed by the Covid-19 pandemic, their prices increased by 3 per cent from the previous quarter, while some luxury projects saw their prices rise by 5.3 per cent quarter-on-quarter and 27.5 per cent year-on-year. Most projects offered for sale in the city are priced at VNĐ35 million (US$1,516) per square metre. There is almost no new supply in the low-priced segment. Some projects in the city’s neighbouring provinces such as Bình Dương and Đồng Nai have reached prices of VNĐ 40-42 million ($1,732-1,819).

Opportunity to ‘buy a house without difficulty’

With the short supply, many people tend to opt for apartments that are far from the city centre and have more reasonable prices.In return for that, they enjoy many amenities, a fresh air and guaranteed security. The distance gradually becomes a secondary factor once infrastructure is gradually improved and the travel time is significantly reduced.

Projects recently launched in the market have improved designs, not only ensuring aesthetics but also maximising the apartment area and optimising function of apartments. Many high-end facilities such as schools, medical centres, supermarkets, shopping malls, swimming pools, gyms, parks, and restaurants – coffee shops, are also integrated into projects to help improve the quality of life of their occupants.

Perspective of MP6, MP7 and MP8 blocks at the Mizuki Park township by Nam Long, which offers the “Housing savings in 2020” programme

Besides, developers also collaborate with credit institutions to offer loans on easy terms including extended tenors to support home buyers. Nam Long Investment Corporation has, for instance, just announced the Housing Savings Programme in co-operation with Vietcombank, which has interested many customers. The programme is applicable to 600 apartments in three blocks, MP6, MP7 and MP8 (Flora product line) at the 26-hectare Mizuki Park township on Nguyễn Văn Linh Avenue, South Saigon. People wishing to buy an apartment can, instead of paying the developer to book a unit, open a savings account at Vietcombank under their own name and get the regular interest until the company begins sales. Customers can close their savings account at any time, but if they choose to buy, the amount in the account will be converted into a deposit for an apartment when sales begin. More than 2,500 customers participated in a similar programme by Nam Long in 2018 and 2019 when they bought at Akari City and Waterpoint projects.

Mizuki Park is being built by Nam Long and Japanese corporations Hankyu Hanshin and Nishitetsu Group, who have over 100 years of experience and strong financial status. At the time of sales, if people choose an apartment, they will only pay 50 per cent until the fourth quarter of 2022 and in easy instalments, meaning it is highly suitable for those wishing to buy a house to live in but need some time to raise funds. This is the second largest project on Nguyễn Văn Linh Avenue after only Phú Mỹ Hưng. The highlights of the township are its complete utility system that includes 17,000sq.m of canals weaving throughout, 2.5km of bike paths, 103,000sq.m of greenery, theme parks for families and children, bonsai, space for meditation and events, a 40,000sq.m school, 15.000sq.m commercial space, a sports centre, and healthcare and entertainment amusement areas.

Importantly, many large public works are under construction in the project area such as metro lines 4A and 5, monorail No.2, Thủ Thiêm Bridge 4, Kênh Tẻ 2 Bridge, and the Nguyễn Văn Linh-Nguyễn Hữu Thọ intersection that facilitate travel to the city centre, which means great potential for price appreciation in the near future. Nam Long handed over 1,500 apartments, townhouses, villas, and utilities in the first phase of the project, and their prices have already increased by around 30 per cent in the secondary market. Blocks MP6, MP7 and MP8 to be launched are situated at the edge of the canal, adjacent to the Event Park and Japanese garden, which, together with the Housing Saving programme, make them very attractive to many prospective customers.

(Source: Nam Long Group (Hose: NLG))

Read more...

Nam Long scored double shots as 2020 rolls in

Nam Long kicked start 2020 with many prestigious awards including Top 50 Vietnam The best in 2019, Vietnam’s Top 500 largest enterprises in 2019 and Vietnam’s Best Developer in 2019.

VNR 500 continued to honor Nam Long Group in their Top 50 Vietnam the Best and Vietnam’s Top 500 Largest enterprises in 2019, published by Vietnam Report Company and VietnamNet. VNR 500 relies on the results of research and independent assessment, in combination with evaluation criteria including Revenue, profit, growth, total assets, total labor and other indicators such as profitability ratios i.e. ROA, ROE and reputation of the company.

In addition, Nam Long was also voted as Vietnam’s Best Developer in 2019 at the Vietnam’s Outstanding Property Awards in 2019 hosted by The Business Review Magazine.

This result is a recognition for the effort of the entire group which put together efficient and transparent business activities, stable development, solid financial capability and active contribution to the growth of the Vietnamese business community in general as well as the real estate industry.

For almost three decades of developing residential properties, Nam Long has consistently pursued the mission of creating living environments which add human values to the community. From now till 2021, Nam Long sets the goal for sustainable development, profit growth of 25% – 30% in the next three years, land acquisition and market expansion to the North. The newly sought land funds are clean land ready for development at key economic regions in the South, including Ho Chi Minh City, Dong Nai, Long An, Binh Duong and the northern key economic provinces such as Hanoi, Hai Phong and Quang Ninh to realize the vision of becoming Vietnam’s leading township developer.

(Source: Nam Long Group (Hose: NLG))

Read more...

Mizuki Park interchange opened to traffic prior to handover date

From the idea of an integrated multiutility township, Mizuki Park project focuses on developing a system of shared utilities and infrastructure construction to connect with the city center. In particular, the opening of traffic interchange connecting Mizuki Park directly to Nguyen Van Linh boulevard at the end of November will enhance the project’s connectivity.

Strategically located on the connecting route of City East and West and allowed quick access to District 1, district 5 and South Saigon, it is very easy to travel from Mizuki Park to Phu My Hung, District 1, District 2, District 4, District 5 and District 8 via main roads including Nguyen Van Linh, Nguyen Van Cu, Nguyen Huu Tho and Pham Hung, Highway 50… Hence with the intersection of Mizuki Park and Nguyen Van Linh opened to traffic, the future residents will travel conveniently and save 10 to 15 minutes traveling home or accessing to main roads in the area.

Besides, Mizuki Park is situated inside the area with lots of ongoing infrastructure development in south Saigon. According to HCMC Department of Transport, many infrastructure projects in south Saigon area have been in the progress for approval till 2020 such as: expansion of North-South route, section between Hoang Dieu and Nguyen Van Linh, Thu Thiem 3 Bridge, Thu Thiem 4 Bridge (with an investment of VND 5,000 billion), intersection of Nguyen Van Linh and Nguyen Huu Tho (with an investment of VND 2,600 billion), Nguyen Khoai Bridge conecting District 7 and District 4 (with an investment of VND 1,250 billion)… In December this year, the construction of 3-storey underground tunnel at the intersection of Nguyen Huu Tho and Nguyen Van Linh will begin. The fast development of regional infrastructure will shorten the traveling time from South Saigon and particularly from Mizuki to the city center and the new financial district.

In the future, Mizuki will also take advantage from Metro Line 5, Monorail line 2, BRT bus route. As a sizable multifunctional township, Mizuki Park has a diversified system of high-class facilities, including education centers, kindergartens, school, university, hi-tech research institute, health center, entertainment center, commercial center, supermarket, restaurants, convention centers, etc. Every daily needs of services, working or studying of the residents at Mizuki Park will be responded quickly, their quality of life will be improved, and values of the properties will also increase rapidly over time.

Mizuki Park has a total of more than 5,200 Flora Mizuki apartments, 600 shophouses, townhouses, Valora villas and luxury villas. All Mizuki products in phase 1 were sold out shortly in 2018. Currently, the final stage of 1,400 products will be completed for hand over in December.

(Source: CafeF)

Read more...