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Explore Vietnam
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.
Vietnam's only island villa community within 45 minutes of HCMC — freehold ownership, 33% density, and resort amenities already open (Clubhouse Jan 2026, Marina Club Jun 2026) at 40-50% below comparable HCMC villa prices. The binding tradeoffs are island isolation (60-90 min peak to D1, single bridge access), no on-island health or schooling, and pink books pending until post-handover (Nov 2027+) in an as-yet unproven secondary market.
Homeowner: A solid homeowner choice for buyers who prioritize lifestyle over daily convenience. The 33% build density, 65% green coverage, and two operational amenity hubs — Elyse Clubhouse (since Jan 2026) and Elyse Marina Club (since Jun 2026) — deliver a genuine resort character that most mainland villa peers cannot match. The real tradeoff is daily self-sufficiency: no on-island health, school, or supermarket until the masterplan matures, and a 60-90 minute peak drive to D1 for urban needs.
Investor: The investment thesis is infrastructure-dependent and early-stage. Cát Lái Bridge (under construction since Jan 2026, targeting 2029) is the primary catalyst for direct HCMC access, and Long Thành Airport's imminent commercial opening supports the proximity story. However, no secondary resale market has formed yet, pricing is 18% above the upper_mid peer median, and the island's niche appeal means a narrow pool of exit buyers — patient holders of 5-7 years are better positioned than those seeking near-term liquidity.
| Unit price | 19 tỷ – 72 tỷ |
| Launch price | 130 triệu/m² |
| Project | Price | Distance |
|---|---|---|
| Elyse Island | 130 triệu/m² | — |
| Nam Long Waterpoint | ~30% more affordable | Same developer (Nam Long), mainstream riverside township in Long An — no island setting or resort concept, but closer to HCMC along the southern corridor |
Primary prices are broadly stable at 130M VND/m² across product types, with garden villa listings showing modest softening from the Dec 2025 launch level — consistent with a newly-launched niche product normalizing its initial price structure.
| Developer | Nam Long Group (NLG), Nishi-Nippon Railroad (Japan) |
| Status | 0 of 2 delivered |
| Completion | 2026 |
| Total Units | 703 |
| 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 Jun 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. Property managed by Paragon Đại Phước Company Limited (Nam Long + NNR JV); free management provided until 2031. Legal searched Jun 2026: no new pink book issuances or legal changes found. |
Elyse Island
| CBD (peak) | 48 min |
| CBD (off-peak) | 42 min |
| Airport (peak) | 70 min |
| Airport (off-peak) | 64 min |
| Long Thành (peak) | 59 min |
| Long Thành (off-peak) | 56 min |
Affluent Vietnamese families seeking island villa lifestyle within 45 minutes of HCMC. Long Thành Airport staff wanting resort-quality housing nearby. Second-home buyers looking for a quiet riverside retreat with marina and spa on-site. Gated, 24/7 security; very low noise; no flight path or highway proximity.
