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2 of 4 delivered
Nam Long Group (with Hankyu Hanshin Properties)
2 of 4 sub-zones delivered · 2 upcoming 2026
The largest Japanese-style riverside township in Đồng Nai — 170 ha of low-rise long-term-ownership product on the Đồng Nai River, co-developed with Hankyu Hanshin and the only Nam Long township at this scale outside Long An.
A 170-hectare riverside township by Nam Long Group and two Japanese partners — Hankyu Hanshin Properties and Tokyu Corporation — on the Đồng Nai River in Long Hưng, Biên Hòa, ~25 km from central HCMC. Built on a Japanese 'Live–Play–Learn–Work–Shop' township model with low-rise garden townhouses, shophouses, semi-detached villas, riverfront villas, and Flora apartment lines. Land use is split across 21 ha of greenery, 6 ha of water surface, 9 ha of commercial, and 7 ha of education.
Balanced for both homeowners and investors.
One of Đồng Nai's most credible riverside townships — verified delivered quality, long-term ownership, and two Japanese partners distinguish it from the competition. The binding constraint is Hương Lộ 2: single-axis access that backs up at peak hours until Long Hưng Bridge (2028) and Cát Lái Bridge (2029) open.
Homeowner: A solid choice for homeowners trading urban density for riverside space. Nam Long's two Japanese co-developers (Hankyu Hanshin Properties and Tokyu Corporation) deliver a low-density, well-greened master plan with an operating on-site school and hospital — and delivered Izumi Phase 1 sub-zone units that buyers can walk and inspect before committing. The honest tradeoffs are a single Hương Lộ 2 access road that backs up at peak hours and a floodplain location where external roads still flood at monsoon-tide peaks.
Investor: A moderate investment case, improving as infrastructure comes online. Secondary resale is functioning on delivered sub-zones — Izumi Phase 1 sub-zone townhouse prices jumped sharply in the most recent snapshot and the Biên Hòa–Vũng Tàu Expressway is now operational — but rental yields on townhouses run around 4%, shophouse returns remain unproven, and the full bridge-and-road payoff (Long Hưng Bridge 2028, Cát Lái Bridge 2029) is still multi-year away.
| Market range | 45 triệu – 70 triệu/m² |
| Unit price | 6,8 tỷ – 45 tỷ |
| Rent | 25,6 triệu – 200 triệu/mo |
| Launch price | 48 triệu/m² |
| Project | Price | Distance |
|---|---|---|
| Izumi City | 48 triệu/m² | — |
| Vinhomes Grand Park | 65 triệu/m² | 3 km |
Izumi Phase 1 sub-zone resale is active and primary asking prices rose sharply in the most recent snapshot; Izumi Canaria has just established its opening price band as it approaches first handover.
| Developer | Nam Long Group (with Hankyu Hanshin Properties) |
| Status | 2 of 4 delivered |
| Total Units | 7000 |
| Construction Permit | Approved |
| Pink Book | Partial |
| Legal Notes | 170 ha master plan approved with phased construction permits granted as each sub-zone launches. Townhouses, shophouses, and villas in delivered phases carry long-term residential ownership (sổ hồng lâu dài). The June 16, 2025 approval of the revised 1/500 detailed construction planning by Biên Hòa City People's Committee unblocked the pink book issuance pipeline across phases. Pink books have been issued to Izumi Gardenia residents (confirmed ongoing 2025–2026); Phase 1A1 issuance remains in progress for the 275 handed-over units. Ownership structure updated July 2025: Nam Long transferred 15.1% of Waterfront City Company Limited (developer entity for Izumi City) to Tokyu Corporation. Post-transaction: Nam Long Group 50%, Hankyu Hanshin Properties 34.9%, Tokyu Corporation 15.1%. Searched June 2026: no new legal disputes, permit blocks, or ownership-type changes found beyond the Tokyu transfer. |
Izumi City
| CBD (peak) | 63 min |
| CBD (off-peak) | 50 min |
| Airport (peak) | 74 min |
| Airport (off-peak) | 64 min |
| Long Thành (peak) | 48 min |
| Long Thành (off-peak) | 43 min |
Residents skew toward upper-middle-income families relocating from inner HCMC and Biên Hòa for more space at lower density, along with Japanese expatriate families connected to the Hankyu Hanshin and Tokyu partnerships. The investor share is meaningful but lower than at competing Đồng Nai townships — Nam Long has consistently positioned Izumi City toward long-stay homeowners rather than secondary-market flippers.
