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0 of 2 delivered
Nam Long Group (NLG), Nishi-Nippon Railroad (Japan)
0 of 2 sub-zones delivered · 2 upcoming 2027–2029
Only island villa community within 45 min of HCMC — 3-side river frontage, Marina Club with yacht pier, Vietnam's first Onsen Spa with 5 types of Japanese mineral stones, freehold ownership, 20 min to Long Thành Airport.
45-hectare island villa community by Nam Long and Nishi-Nippon Railroad on Đại Phước Island, Đồng Nai. 703 villas across 4 zones, Mediterranean design, Japanese construction standards by RICONS. Marina Club, Onsen Spa with Japanese mineral stones, 1.5km riverfront promenade. Phase 1 (333 units) launched Dec 2025, handover Nov 2027.
Better for long-term living than for investing.
Elyse Island is the only island villa community within 45 minutes of HCMC — a rare 3-sided waterfront setting, 40-50% below comparable HCMC villa prices, with the Elyse Clubhouse already operational. The binding constraint is timing: handover is November 2027, pink books follow after, and Cát Lái Bridge — the project's direct HCMC link — targets 2029.
Homeowner: A strong match for homeowners trading urban density for island living — a rare 3-sided waterfront position, operational clubhouse, and freehold ownership at a significant discount to comparable HCMC villas. The trade-off is real: no school or hospital on the island yet, daily services require a short off-island drive, and peak HCMC commutes run 60-90 minutes until Cát Lái Bridge opens in 2029.
Investor: The investment case is early-stage and dependent on infrastructure catalysts. No resale listings exist yet — first contracting closed December 2025, handover is November 2027 — and villa rental demand at the 22B-72B VND entry range is untested in this market. The upside requires Cát Lái Bridge (targeting 2029) and Long Thành Airport employment demand to arrive on schedule.
| Unit price | 19 tỷ – 72 tỷ |
| Launch price | 130 triệu/m² |
| Project | Price | Distance |
|---|---|---|
| Elyse Island | 130 triệu/m² | — |
| SwanBay Đại Phước | 36,5 triệu/m² | 1.6 km |
Primary villa prices at Elyse Island are stable at around 130M VND/m², unchanged since the December 2025 sales launch.
| Developer | Nam Long Group (NLG), Nishi-Nippon Railroad (Japan) |
| Status | 0 of 2 delivered |
| Completion | 2026 |
| Total Units | 291 |
| Launch Date | 2025-12-15 |
| Handover | 2027-11 |
| Construction Permit | Approved |
| Pink Book | pending |
| Pink Book % | 0% |
| Legal Notes | Freehold permanent ownership for Vietnamese, 50-year lease for foreigners. Environmental permit (Mar 2025), fire safety cert (Mar 2025), construction license (Jun 2025), official construction dispatch (Jan 2026). Zone B (Phase 1, 201 villas) sales license granted Jan 27, 2026 via Đồng Nai DOC Letter 1078/SXD-QLN&TTBĐS (legal name: Khu biệt thự Paragon Đại Phước). Zone C (68 riverfront villas) contracted from Dec 2025 launch. Bank financing via Vietcombank, Vietinbank, BIDV, OCB — up to 70% LTV. Pink book issuance expected post-handover (Nov 2027+); as of May 2026, no pink books issued. Future sổ hồng will carry phường Nhơn Trạch, thành phố Đồng Nai following Đồng Nai upgrade to centrally-administered city (Apr 30, 2026, Resolution 30/2026/QH16). Nam Long ranked Top 2 Most Reputable Real Estate Developer 2026. |
Elyse Island
| CBD (peak) | 45 min |
| CBD (off-peak) | 43 min |
| Airport (peak) | 67 min |
| Airport (off-peak) | 66 min |
| Long Thành (peak) | 60 min |
| Long Thành (off-peak) | 57 min |
Affluent Vietnamese families seeking island villa living within 45 minutes of HCMC form the primary profile. Airport-sector professionals are a secondary segment — Long Thành Airport targets commercial operations in Q4 2026 and is about 20 minutes from the island. Second-home buyers drawn to the waterfront character and gated security round out the picture. The low-noise, car-dependent setting suits households comfortable with off-island errands.
