The Mizuki riverside villas with high class facilities

The Mizuki integrates a series of facilities including riverside walking trail, riverside park, canal park, lounge, private garden in the villa, etc.

According to Nam Long Group, investor of The Mizuki, the exclusive facility system will shape the project and reflect the personal taste, style and remark of each homebuyer. A private, isolated living space with exclusive amenities is not sufficient to attract the modern elites, who need a creative living space based on their personal taste and feeling.

“So we have researched and included in The Mizuki high class facilities that the elites are looking for,” said a representative of Nam Long Group.

Shahab Karmely, founder of KAR Properties, who has many years in the real estate industry also shared the same point of view. In an interview with Fox Business, he said: “When rich people buy houses, they invest in lifestyle.”

The riverside perspective of the project. Photo: Nam Long Group.

With a central location in the modern integrated township Mizuki Park, convenient traffic to the center of Ho Chi Minh City, The Mizuki offers a quiet and relaxing space in the heart of the city. The project is located near key intersections, connecting to major areas.

The outstanding feature of this project is the three riverside facades with a riverbank of more than 400m long, while the other facade is the Marina Square connected to the commercial, entertainment corridors of the integrated township Mizuki Park. This allows a peaceful, comfortable, and feng shui green living space.

Residents of The Mizuki will enjoy the high-class facilities such as riverside walking trail, 3,600 m2 of riverside park, 1,500 m2 of canal park, BBQ area, outdoor sports area, children’s playground, lounge, family party area, swimming pool, gym, yoga, sauna, etc.

Perspective image of the project’s green coverage. Photo: Nam Long Group.

The Mizuki’s representative said that the project is expected to raise the living standard of elites in the South Saigon area. The pier will allow docking of a variety of boats.

In addition, the project focuses on pen design in a private, isolated space with a delicate combination of natural and environmentally friendly materials.

The art of space planning in harmony with the green coverage and multi-layer security, along with the cascading design at The Mizuki, help blur the boundaries and distances, bringing residents closer to nature but still ensuring safety. The million-dollar view of an immense green space of trees and rivers helps the owner to enjoy relaxing moments right from the house, without the need of going to resorts or hotels far from the city.

Source: Vnexpress


The Mizuki – Investment home in South Saigon

As riverside land supply became scarce, the riverside villas are proving that this segment would be even more attractive. It is not difficult to understand why The Mizuki Riverside Compound in Mizuki Park has received a lot of attention even though it has not been officially announced.

Identifying products for the upper class

According to a report by Knight Frank, riverfront property is always the most expensive choice, 36.8% more expensive than regular property. Especially during the pandemic, buyers tend to look for riverside living spaces with larger green coverage. Demand for this type of property increasing while the supply becoming limited is the main reason for the significant increase in selling price. For example, the value of waterfront properties in the UK are 49% higher than comparable homes located further away from the water. In Australia, the difference soaks to 89.3%. Riverfront property values ​​increased by an average of 2.1% in Q2/2021, which means that the average prices were 12% higher than they were a year ago, according to Knight Frank’s Waterfront Index.

The same situation happened in Vietnam’s market. In Ho Chi Minh City, according to Savills Vietnam’s real estate report for Q1/2021, in the villa segment, new supply is scarce and at the lowest in 5 years. This is one of the main reasons for selling prices in the secondary market increased sharply. Especially in the past 2 years, there are only a few of new riverside villa projects launched.

Savills also said that the supply of townhouses and villas will continue to be low as HCMC Housing Planning till 2030 prioritizes the development of high-rise housing. In the past decade, the low-rise housing segment accounted for less than 10% of total new products, which is expected to drop in the near future.

Rare and containing all the essentials of an ideal living space, riverside villas become an identifying property for the upper class, which will not be easy to own, even for people with money.

Answering to the demand for riverside villas

Amidst the market scarcity, the timely launch of The Mizuki, with outstanding values, is an answer to the demand for riverside villas in the market, hence attracting a lot of attention. This is also a rare remark of local brand Nam Long in the luxury real estate segment in Ho Chi Minh City, after a long time focusing on affordable housing and other well known villa products in urban areas in Dong Nai and Long An.

Located in the most beautiful location of Mizuki Park Integrated township, 39 villas with 3 riverside facades The Mizuki not only provide an ideal living space, but represent 39 unique artworks for buyers with a good aesthetic taste.

Private, isolated with multi-layer security, along with a series of exclusive facilities only for the residents such as riverside park, riverside walking trail, BBQ garden, yoga room, sauna, etc., The Mizuki is a solution to the luxury ladder that buyers with a sophisticated lifestyle are looking for.

In particular, the 3,200-m2 Marina Square is one of a few high-class facilities in the city, which not only solves the need for berths but also justifies the luxuriousness and new living trend of the upper class. New life of the modern elite – canoe landing right in front of their house. The  Marina square is a symbol of high class living in the South Saigon area.

The project with 3 riverside facades has cascading facade design to guarantee the million-dollar view for every villa – Perspective Planning. 

With smart and ingenious cascading design, The Mizuki is one a very few projects in the South which have 3 riverside facades and every villa offers a million-dollar view. Carrying the spirit of modern tropical architecture and a natural touch of Zen, The Mizuki is a symphony about nature and people, filled with originality, bringing pure emotions and absolute peace to the owner.

In the bustling and noisy urban life, The Mizuki is an expensive low note, a worthy investment home  that Nam Long put a lot of passion into developing.

For direct consultation, please contact the hotline: 0902 000 895.

Source: CafeF


Properties in closed urban areas attract genuine buyers

In the competition to attract genuine buyers, large urban areas are on the verge of winning as customers lean towards homeownership in these areas, especially after Covid-19 pandemic. 

Genuine buyers prefer properties in urban areas

Urban areas at the size of hundreds of hectares, with full facilities integrated have been the first choice of genuine buyers, especially when living space becomes a greater interest post Covid-19.

According to’s market research, the majority of townhouses and apartments in high demand are located in large urban areas across Ho Chi Minh City, Long An, Dong Nai, etc. For example, Mizuki Park township (Binh Chanh), has a size of 26 ha and more than 2,000 residents. The current occupancy rate for phase 1’s completed subdivisions is 98%. Other subdivisions are highly welcomed in the market and are being sold at increasing prices of 20 to 25%. In early October, the 2 blocks MP9-MP10 with 166 apartments opened for sale at VND 2.5 billion/unit, also attracted buyers’ interest.

Besides villas and townhouses, the apartments in these urban areas also attract genuine buyers even though the selling prices are not low. Illustration

In the East, at the 198-ha Van Phuc City developed by Van Phuc 10 years ago, the occupancy rate in the completed subdivisions reaches 60 to 70%. Although the transfer price has gone up by 50 to 60%, it still receives buyers’ attention. The project is currently offering townhouses, villas, and later, apartments at high prices yet high liquidity. Despite there is still little information about the launch, apartments in this urban area have been considered a good investment on the market.

Similarly, at another urban area i.e. Vinhomes Grand Park in Ho Chi Minh City, Thu Duc (previously district 9), The Beverly subdivision consisting of 10 luxury apartment buildings opened for sale at an expected average price of VND 68 million/m2 but the demand has remained high. Since opening for sale in 2019, this mega township has supplied thousands of apartments to the market which were all quickly sold out.

Not only in Ho Chi Minh City, urban projects that meet the requirements for facility, security and resident’s education level in surrounding suburbs also attract buyers,  such as the 355-ha Waterpoint (Long An) developed by Nam Long Group. At the end of 2020, the investor officially handed over 600 townhouses and villas in the Rivera 1 and Aquaria 1 to customers. At the moment, the majority of these properties have been occupied by residents. In Q4/2021, the investor will continue to hand over the Aquaria 2 subdivision and is expected to attract more residents.

Or a series of ongoing projects in Dong Nai, Binh Duong, namely Aqua City Bien Hoa (1,000ha), Long Hung City (277ha), Son Tien (380ha), Swan Bay (200ha), Angel Island ( 205ha), etc.

The vitality of a project has become more important 

The added value when buying real estate in the urban area is not met by all projects. This is the main factor that makes even though the pandemic is complicated, urban residential projects are still chosen by real buyers to settle down, even though the house prices in these projects are often higher than the selling prices of many retail projects. . To create vitality for the project requires investors to have vision, capacity, project development experience and importantly, enough resources to be able to implement projects according to the given plan in a timely manner. feasible and fulfill commitments with customers.

 In addition to facility and infrastructure, high occupancy rate is also a contributing factor to attracting buyers in urban areas. 

According to Nguyen Huong, General Director of Dai Phuc Land, the vitality of a project is reflected in the pace, including construction speed, operation pace, and above all, the human factor. An urban area with high occupancy rate, crowded streets, and bustling vibe is highly vital. Usually, a project site needs to be filled by 50% within 3-5 years to have good vitality. The faster the occupancy rate, the better the vitality and the higher the added value.

Discussing the factors contributing to project vitality, Huong said that the reputation and brand value of the project developer are prerequisite elements. This ensures the feasibility of the project. A project even with a beautiful and shimmering plan, will not attract buyers if the construction site is quiet. The development of a project must be accompanied by a sales plan, a clear and specific construction plan and a commitment to delivery schedule.

Furthermore urban planning must ensure a full and synchronous ecosystem for the residents. Many projects are beautifully designed but developed in fragments, to include traffic infrastructure but ignore facilities. As a result, residents find it difficult to live because their basic needs are not satisfied. The project location must be closed to neighboring residential areas according to the principle of oil spill. A project will hardly have any vitality if it is “a market alone”. Traffic must be conveniently connected for work, study and entertainment. There are only a few projects that do this well. Vitality will be a decisive factor in the success of a project. As the living quality is improved, the real estate value increases, giving homebuyers and investors the returned benefits.



Investors house hunting in Binh Chanh causes price surge

After a lot of changes in planning, many investors are property hunting in Binh Chanh to prepare for the opportunity of price increase.

Aiming for land in Binh Chanh as soon as the news about Binh Chanh becoming district came out, Nguyen Trung Nghia (district 6, HCMC) shared that it was not surprising that land price in this area continued to escalate over time. Been following the market since the beginning of the year, Nghia said that even during lockdown, many investors quietly searched and acquired land and apartments in this area. Especially since mid October till now, the property hunt has been more aggressive as notary services become easier after the city reopened.

“Binh Chanh is undergoing changes in administrative planning, making it more attractive. This area inherently has low housing prices in Ho Chi Minh City,  and diversifying land funds, so it is easier to find suitable products than other areas. Without comparing to the East, housing prices in Binh Chanh are much lower than in Nha Be, and the increase margin is also larger. Thus it is easy for mid-end investors to find and buy real estate. After Binh Chanh’s proposal to convert to a city was known,  more investors rushed to the area and the land price also increased as a consequence” Nghia said.

Property hunting has become more aggressive in Binh Chanh since this district proposed a roadmap to convert to a district/city in 2025. Illustration

Binh Chanh real estate market has become an investment attraction in Saigon South area after a series of information about it converting to district/city. As noted by, since this district confirmed the transition to the district (quarter 1/2021), the demand for real estate has increased 30-40% over the same period. In the third quarter of 2021, during the time of social distancing, many places recorded a sharp decrease in the demand for housing, but the southern districts still had a good recovery rate, especially in September 2021, the demand for housing in Ho Chi Minh City was still growing. This increased 35%, and in October and November, the number of real estate buyers in this area doubled sharply during the period of the gap.

The wave of investment poured in, causing Binh Chanh real estate prices to continuously escalate. According to the HCM City Department of Construction, when I first heard about the fact that Binh Chanh district can be converted into a city/district, the price of land in the population has increased. 6 months ago, the price of Binh Loi commune was about 2 billion VND/person, now the land has increased quite high, far exceeding the above figure. Currently, the project land in Binh Chanh ranges from 35-220 million VND/m2 depending on the area, the average price of apartments is 37-45 million/m2. At the beginning of the fourth quarter of 2021, real estate prices in general did not have big changes, but there were still some places with an increase of 3-5% compared to the beginning of the year.

In the context that the supply of real estate in the central districts of Ho Chi Minh City is constantly standing still, the wave of real estate hunting is pouring into the suburban districts of the South and the East, in which the South is having the upper hand because of its ownership of many projects. The new project was implemented with a series of information on administrative and infrastructure transformation. Most of the buying power for apartments is concentrated on large-scale urban projects, while most of the land plots are small projects and free residential land.

Welcoming the wave of investment, many businesses with projects deployed in this area are actively selling at the end of the year and recording a strong increase in buying demand. Recorded from investor Nam Long Group, this business has just launched 166 Flora Mizuki MP9 – MP10 apartments belonging to Flora Mizuki Park Binh Chanh project. According to Nam Long’s representative, Flora Mizuki has a selling price of from VND 2.5 billion/unit, an attractive price in the context of a limited supply of apartments priced at about VND 2-3 billion in the HCMC market and housing prices. Binh Chanh increased continuously, so the project recorded a large number of interested customers. Nearly 40% of buyers last time were investors hunting for hoarding. Currently, this urban area has more than 3,000 households living.

Housing supply in Binh Chanh market is considered to be insufficient for the speed of urbanization and population growth of this district. Illustration

Another project in Binh Chanh, the Westgate, was launched by An Gia Real Estate Group in Q4 this year. With a total area of 3.1 hectares, the Westgate luxury complex includes 4 20-storey towers, providing the market with 2,000 apartments in the center of Binh Chanh, at the price of approximately VND 40 million per m2. Three out of four towers were sold successfully to the market given positive signals. The last tower is now open for sale.

Furthermore, a series of existing urban areas including Corona City Binh Chanh, Charmington Golf & Life Binh Chanh, Tan Tao Central Park, South Riverside, Lavila De Rio, Lovera Vista, etc. have been traded actively in the secondary market with selling prices increased by 5-20% compared to the initial prices.

Commenting on the development potential and orientation of Binh Chanh’s regional construction planning, Nguyen Thien Nhan, former Secretary of Ho Chi Minh City Party Committee, said that Binh Chanh is the most populous district, has the longest border from South to West and location at the entrance to Mekong Delta, with the main traffic routes of HCMC and surrounding areas. In addition, the economic and trading scenes in Binh Chanh are very vibrant and diverse. In the coming time, Binh Chanh will be a traffic and logistics hub, not only for Ho Chi Minh City but also for the Southwest region. The district is aiming towards becoming an industrial and smart city with zero emissions; a center of high-quality healthcare and entertainment services for both Ho Chi Minh City and the southwestern provinces.

Secretary of Binh Chanh District Party Committee, Tran Van Nam added that, besides the advantages and potentials in recent years, the rapid urbanization rate and the annual population increase of over 30,000 people also caused shortage of housing and accommodation. The proportion of land types is not reasonable for the economic structure and population growth of the district. Indeed, more than 58% of land used for agricultural purposes has affected people’s life and economic development. The governmental structure based on units of districts and communes is no longer suitable for urbanization and growth. The Party Congress has approved the proposal of converting Binh Chanh into a district or city in the 2021 to 2030 period.



Nam Long Group (HOSE: NLG) awarded Vietnam’s outstanding integrated urban area developer 2021

In mid November 2021, Nam Long Group was proudly voted “Vietnam’s outstanding integrated urban area developer”, recognizing Nam Long’s successes and sustainable values ​​in pursuing and developing the township model in the past 30 years.

This year’s Outstanding Property Award, organized by Nhip Cau Dau Tu Magazine, continued to honor real estate brands and individuals from excellent real estate businesses who have made great contributions and influence to new trends in the Vietnamese real estate market, contributing to establishing a modern and civilised living environment for Vietnamese people, and simultaneously promoting new trends to increase competitive advantages of Vietnamese real estate industry in the global market.

Nam Long’s General Director received the award from the Committee.

Nam Long is one of the 10 Most reputable investors in Vietnam’s real estate market (BCI, VNR500). Carrying the mission of creating a living environment and valuable products for the community, Nam Long has developed more than 11 integrated townships of tens to hundreds of hectares. Particularly in the year 2020 and 2021, despite the pandemic, Nam Long still simultaneously executed 3 township projects, including Mizuki Park (26 hectares), Waterpoint (355 hectares) and Izumi City (170 hectares) in addition to individual projects, and provided thousands of real estate products that were highly welcomed by the market.

All Nam Long Group’s integrated projects were built on 4 core elements: synchronised infrastructure, complex planning combined with destination programs, applying advanced technology to urban operation, in order to serve the 5 basic needs, i.e.  living, working, studying, entertainment and shopping. This not only increases the satisfaction level of residents, but also triggers their desire to change the living environment and to settle in an integrated and comfortable space.

In addition to “Vietnam’s Outstanding Integrated Urban Area Developer”, Nam Long also presents in the Top 100 Best Real Estate Brands voted by Vietnam Economic Magazine, Top 10 Most Reputable Property Developers at BCI international awards, the Asia Pacific Property Awards for urban projects Mizuki Park, Waterpoint….

Source: Nam Long Group (Hose: NLG)


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


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)


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))


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


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.