Nam Long Group building its reputation through progress

At the Waterpoint integrated township in Long An province, in addition to implementing housing subdivisions, Nam Long is promoting plans to develop urban amenities for healthcare, education, and commerce areas.

Mizuki Park in Ho Chi Minh City

At Mizuki Park in Ho Chi Minh City, after handing over a series of component projects in accordance with commitments and completing many important utility items, this urban area is now a vibrant residential lively centre, welcoming more than 3,600 families.

Other urban area projects, such as Izumi City in Dong Nai province and Nam Long Central Lake in Can Tho city, are all on schedule, according to the company.

One of the key projects in the second half of the year, Akari City, also has a strong focus on constructing internal utilities and apartment interiors. The project will hand over 1,700 units across four towers in Q4.

Light Square - Akari City's highlight utility project, is gradually nearing completion. Nam Long also recently handed over land use and housing rights certificates to Akari City residents of phase 1.

More than 1,700 apartment in Akari City phase 2 will be delivered by the end of this year

At an August awards ceremony for the Top 50 Corporate Sustainability Awards held by Nhip Cau Dau Tu, Nam Long Group was the only real estate company to be honoured by the judging panel in the category of Leadership in Corporate Governance.

The firm's leadership recognises that sustainable development is a long-term goal and has never been more necessary to reaffirm Nam Long's reputation and brand value with home buyers, investors, and stakeholders.

Led by a board comprising Vietnamese members with 30 years of real estate market experience, and independent foreign members who have been senior leaders at major groups such as Keppel Land, Mekong Capital, Sunway City, Grant Thornton, and more, Nam Long Group has a solid development direction with a governance system adhering to international standards.

Lucas Loh, CEO of the group, who previously led CapitaLand in the Chinese market for 20 years said, "Nam Long operates based on developing products with a real societal need, building townships through in-depth research to support population dispersal, transforming urban landscapes, and improving quality of life."

Under the implementation of related laws that came into effect earlier this month, businesses with financial potential and the ability to ensure project implementation are considered to have many advantages, according to experts.

One of the important changes in the Land Law is that the land price for compensation will be calculated to the market’s price. This will make all the cost of site clearance, land recovery compensation, and taxes increase. This also means that only investors who have strong financial potential be able to cover all expenses to clear the site according to market mechanisms.

According to Loh, "The Law on Real Estate Business strictly regulates the disclosure of project information, forcing investors to standardise their process, from providing clear and complete information to the payment process through the banking system."

According to analysts, the new regulations will become a 'filter' to classify investor capacity. "Developers that possess solid financial resources and guaranteed project implementation capacity will have many advantages in this new playing field, promoting the market to develop transparently and sustainably," added Loh.

Nam Long Group targets $395 million pre-sales At its AGM in Ho Chi Minh City on April 20, Nam Long Group announced targets of VND9.5 trillion ($395 million) in sales and $277 million in net turnover for 2024.

Nishi Nippon Railroad buys 25 per cent stake in HCMC urban area project Nam Long Investment JSC transferred a 25 per cent stake in the Nam Long Dai Phuoc urban area project to its Japanese strategic partner Nishi Nippon Railroad on June 17.

Nam Long Group's effective international integration strategy bears fruits The leadership team at Nam Long has taken a step-by-step 'integration' strategy since the company's inception, taking advantage of all parties' strengths for mutual development.