5 of 6 delivered

Mizuki Park Binh Chanh — 26-Hectare Japanese-Managed Township by Nam Long

Name: Mizuki Park
Address: VN

Nam Long Group

5 of 6 sub-zones delivered · 1 upcoming 2026

West Saigon's largest integrated township — 26 hectares with Japanese management, 1.7-ha landscape canal, eight themed parks, and six subdivisions from affordable to mid-range, all 20-30% below comparable projects.

💰 1 tỷ – 33 tỷ📏 60 triệu/m²🏗️ 5 of 6 delivered🏢 5433 units

26-hectare integrated township by Nam Long Group and Japanese partners Hankyu Hanshin Properties and Nishi Nippon Railroad, located at 777 Nguyen Van Linh Boulevard in Binh Hung, Binh Chanh. Six subdivisions spanning affordable to mid-range: EhomeS social housing (7 blocks), Flora Mizuki (10 towers), Flora Panorama (3 towers), Valora villas and shophouses, The Mizuki luxury villas (39 units), and Trellia Cove compound (3 towers + 24 townhouses). Over 5,400 residential units across 16 towers with 29% building density and 60% green space. Managed by Anabuki NL to Japanese property management standards. Features a 1.7-hectare landscape canal system, 103,000 m² parkland with eight themed parks, and a 2.5-km walking and cycling trail. Winner of Asia Pacific Property Awards (Best of the Best) and Top 10 Most Livable Townships in Vietnam.

Neighborhood

82*

Family Score

Excellent

Family appeal is strong, anchored by green space inside the township. Mizuki Lake and Mizuki Canal Park are open, while the Mizuki Education Zone is planned on-site, so schooling today means campuses such as Albert Einstein School, about 2.3 km away.

76*

Leisure Score

Good

Leisure options are good for a suburban township. Marina Square waterfront plaza, together with cafés, a gym and casual dining within the development, lets residents socialise and exercise without leaving the site.

58*

Convenience

Average

Daily essentials are adequately covered rather than abundant. A supermarket and convenience stores operate within the development, while a full-scale mall such as SC VivoCity is about 4.8 km away.

68*

Health

Good

Everyday healthcare is solid, with fuller hospital care further out. Pharmacies and a general clinic operate inside the township and the Mizuki Medical Center is planned on-site, while Bệnh Viện Đa Khoa Quốc Tế Nam Sài Gòn is about 3.9 km away.

80

Transit Access

Excellent

Transit is bus-based: the nearest bus stop is about 0.9 km away, the District 8 bus station about 2.2 km, and the nearest metro, Ben Thanh Station, about 9.1 km.

70*

Commute Ease

Good

1 hr 0 min to Q1 Bến Thành via 102. 16 min walk to bus stop. The Bình Tiên Bridge, approved with completion expected in 2028, is planned to add an elevated link from the Nguyễn Văn Linh frontage toward District 8.

0

Nightlife

Below Avg

Nightlife is effectively absent. This is a residential, family-oriented township with no dedicated bar or club scene, and evenings are quiet and centred on parks and neighbourhood cafés.

71

Quietness

Good

Quietness is moderate. Green space and internal setbacks soften the Nguyễn Văn Linh frontage, but road noise is rated moderate and a few small bars and beer gardens operate within the township.

* Score includes on-site amenities that are planned or under construction, not yet open.

Domo Scores™

7.6

🏠 Homeowner

Good

7.3

📈 Investor

Solid

Balanced for both homeowners and investors.

A delivered, Japanese-managed 26-ha township with 60% green space and project resale around 60M/m², modestly below mid-segment peers, best for west-Saigon families and first-time buyers who accept a roughly one-hour bus commute to District 1. Buyers should verify entry-road flooding, the still-planned on-site school and medical center, and, at Trellia Cove, a primary price near 72M/m² with handover not before Q4 2026 to Q3 2027.

🏠 Homeowner

Value

7.3

Livability

7.7

Legal & delivery

7.6

Location & connectivity

7.6

📈 Investor

Value

7.3

Returns & exit

7

Legal & delivery

7.6

Location & demand

7.6

Why the scores differ

Homeowner: A solid, livable choice for homeowners who value space and orderly management over commute speed. It is a low-density, Japanese-managed township with 60% green space and a lake, about 85% of marketable inventory already holding pink books, and resale slightly below mid-segment peers. The tradeoff is a roughly one-hour bus ride to District 1, no metro, and an entry road that occasionally floods.

Investor: The case rests on liquidity and a trusted developer rather than yield. Resale and rental markets are active across five delivered sub-zones, but gross rents sit near 3% and Trellia Cove's 841 units at about 72M/m² primary will compete with resale once handover starts. Upside depends on Ring Road 3 and Binh Tien Bridge access gains, not on the metro.

Price & Market

Current Market Price

60 triệu/m²

📈 +264% since launch

Market range	25 triệu – 130 triệu/m²
Unit price	1 tỷ – 33 tỷ
Rent	4 triệu – 60 triệu/mo
Launch price	16,5 triệu/m²

Est. Rental Yield2.3%

•🟢 Pricing: project resale around 60M/m² sits about 8% below the 65M/m² median of 28 mid-segment peers, a modest discount rather than a bargain.
•🟢 Access: the Ring Road 3 section through Binh Chanh is operational (June 2026), Binh Tien Bridge is approved with completion expected in 2028, and Ring Road 4 is approved with construction targeted to start in 2026.
•🟡 Metro: Line 3a's first section (Ben Thanh to An Lac) is planned for around 2031 and the extension to Tan Kien, about 4 km away, has no committed date, so metro is long-dated optionality rather than a pricing basis.
•🟡 Market context: CBRE (May 2026) puts former-HCMC condominium resale at about 67M/m² in Q1 2026, so Mizuki Park's roughly 60M/m² sits below the city average, while 12-15% floating mortgage rates remain a demand headwind.
•🔴 Supply: Trellia Cove adds 817 apartments and 24 townhouses from handover, priced at about 72M/m² primary against 56-60M/m² Flora Mizuki resale, which may pressure both resale and rents; CBRE forecasts 33,500 new HCMC condominium units in 2026.

Last updated: October 2026

Is this a good deal?

Project	Price	Distance
Mizuki Park	60 triệu/m²	—
Akari City	About 20% cheaper (around 47M/m²)	Another Nam Long and Japanese-partner township, in Binh Tan on the Vo Van Kiet corridor with a congested An Lac junction.
Westgate	About 25% cheaper (around 45M/m²)	Value-segment alternative in Binh Chanh with a similar 45-60 minute peak commute to District 1 and no metro nearby.

Should you buy here?

Best for:

✓Young families and first-time buyers who want parks, a lake and managed township life under about 5 billion VND
✓Homeowners working in Binh Tan, Binh Chanh or District 7 rather than commuting to District 1
✓Buyers who value orderly Japanese-style management and a genuine residential community

Not ideal for:

✗Daily commuters to District 1 who cannot absorb a 45-60 minute peak trip
✗Anyone who needs metro or reliable public transit at the door
✗Buyers who want urban walkability, nightlife or a hospital close by

Market Trends

Project resale is anchored near 60M/m², ranging from about 27M/m² at EhomeS to about 110M/m² at Valora, with Trellia Cove primary asks near 72M/m² and no material price movement in the latest snapshots.

Decision Factors

Strengths

✓Low-density living: 29% construction density, 60% green space, a 1.7-ha lake and a 2.5-km trail, with Anabuki NL managing an established community of 12,000+ residents.
✓Clean legal footing on delivered stock: pink books are issued across EhomeS, Flora Mizuki and Flora Panorama, covering about 85% of marketable inventory, from a developer ranked Top 2 for trustworthiness by Vietnam Report (March 2026).
✓Fair pricing for the segment: project resale around 60M/m² sits about 8% below the 65M/m² mid-segment peer median, with entry points as low as roughly 27M/m² at EhomeS.
✓Road access is improving: the Ring Road 3 section through Binh Chanh is open and Binh Tien Bridge to District 8 is approved for completion in 2028.

Tradeoffs

!Distance from the centre: about an hour by bus to Ben Thanh, 45-60 minutes at peak by road, and the nearest planned metro stop at Tan Kien is about 4 km away with no committed date.
!Modest rental return: snapshot rents against asking prices imply a gross yield of only around 3%, so the case is liquidity and community, not income.
!Suburban services: the Mizuki Education Zone and Medical Center are planned rather than operating, so the nearest hospital is about 3.9 km away and international schools are 2-4 km away.

Watch items

?Flooding and access: Binh Hung is low-lying and the Nguyen Van Linh entry road floods occasionally in heavy rain combined with high tide; it is also the single access road and can back up at evening peak. Ask residents how often it floods.
?Trellia Cove timing and price: townhouse handover is targeted for Q4 2026 and apartment handover for Q3 2027 (some listings say mid-2027), pink books are not yet issued for this sub-zone, and primary asks near 72M/m² sit above Flora Mizuki resale. Confirm dates and contract terms with the developer.
?Running costs and financing: management fees range from 12,800 to 21,500 VND/m²/month by sub-zone and car parking is 850,000 VND/month; no resident-review digest is available, so check parking supply and building operations on site. CBRE (May 2026) flags floating mortgage rates of 12-15% as the main demand headwind.

Unit Types

Apartments

Studio

0 Beds · 1 Baths · 42–45 m²

Under review

≈ 2,52 tỷ – 2,7 tỷ est.

60 triệu/m²

Singles & couples

1BR

1 Beds · 1 Baths · 40–58 m²

Under review

1,1 tỷ – 1,8 tỷ

60 triệu/m²

Singles & couples

2BR

2 Beds · 2 Baths · 46–85 m²

Under review

≈ 2,76 tỷ – 5,1 tỷ est.

60 triệu/m²

Young families

Dual Key

3 Beds · 2 Baths · 74–126 m²

Under review

≈ 4,44 tỷ – 7,56 tỷ est.

60 triệu/m²

Growing families

Townhouses

Townhouse

4 Beds · 4 Baths · 100–244 m²

Under review

≈ 6 tỷ – 14,64 tỷ est.

60 triệu/m²

Growing families

Shophouses

Shophouse

3 Beds · 3 Baths · 120 m²

Under review

≈ 7,2 tỷ est.

60 triệu/m²

Growing families

Villas

Garden Villa

4 Beds · 4 Baths · 119–281 m²

Under review

≈ 7,14 tỷ – 16,86 tỷ est.

60 triệu/m²

Growing families

Project Details

Developer	Nam Long Group
Status	5 of 6 delivered
Completion	2027
Total Units	5433
Towers	16

Legal Information

Launch Date	2017
Handover	2027
Construction Permit	Approved
Pink Book	Partial
Pink Book %	85%
Legal Notes	All delivered sub-zones (Flora Mizuki MP1–MP10, Flora Panorama FP1–FP3, EhomeS blocks A–H) have pink books issued — over 2,500 units, approximately 85% of total marketable inventory. Trellia Cove holds an approved construction permit; its 3 towers held a topping-out ceremony on 17 September 2026 after one year of construction, and the 24 townhouses topped out in March 2026. Townhouse handover targeted Q4/2026, apartment handover targeted Q3/2027 (some listings cite mid-2027; verify with the developer). Nam Long Group (HOSE: NLG) ranked Top 2 most trustworthy real estate developer in Vietnam (Vietnam Report, March 2026); VinaCapital became a 5.06% major shareholder in June 2026. 2025 pre-sales of 11,855 tỷ VND set a company record.

Amenities

👨‍👩‍👧 Family: Eight themed parks including Event Park (8,700 m²), Children's Park, Bonsai Park, and Meditation Park. Children's playgrounds at every apartment cluster. 40,000 m² education zone with kindergarten and elementary school. 7,500 m² medical facility.

🏋️ Fitness: Swimming pools (adult + children) at each apartment cluster. Outdoor gym stations along the 2.5-km trail. Multi-purpose sports courts and tennis courts. Golf practice area and yoga zones at Trellia Cove compound.

🏖️ Lifestyle: Marina Square commercial pier with restaurants and retail. Japanese zen garden on artificial island. 1.7-ha landscape canal with 20-meter riverside walking paths. 2.5-km walking and cycling trail. BBQ gardens and family picnic areas.

🛒 Convenience: 24/7 security with Japanese management standards. Covered car and motorbike parking. Shuttle bus service within the township. 15,000 m² Marina Square commercial area with supermarket, restaurants, and retail. Parcel lockers in newer phases.

🌳 Garden🔥 BBQ Area🧒 Play Area🔒 Security🅿️ Car Parking🚌 Shuttle BusShophouse Street🏍️ Motorbike Parking⚽ Multi-Purpose Court

Location & Commute

Explore on map

Mizuki Park

27 min

District 1 CBD

43 min

Tân Sơn Nhất Airport

70 min

Long Thành Airport

CBD (peak)	33 min
CBD (off-peak)	27 min
Airport (peak)	61 min
Airport (off-peak)	43 min
Long Thành (peak)	76 min
Long Thành (off-peak)	70 min

🚇

Metro

Ben Thanh Station

9.1km

🛍️

Mall

SC VivoCity

4.8km

🛒

Supermarket

Expected daily retail

Expected

🏫

Schools

Mizuki Education Zone

Planned on-site

🏥

Hospitals

Mizuki Medical Center

Planned on-site

🌳

Park

Mizuki Lake

Within development

Major Roads

Nguyen Van Linh BoulevardRing Road 3National Highway 1ANational Highway 50

🔇 Low Noise🌊 Moderate Flood🛣️ Not Near Highway

Predominantly young Vietnamese families and first-time buyers in the 1.5-5 billion VND range. More than 6,000 households across the delivered sub-zones form an established residential community, with Anabuki NL's Japanese management standards attracting buyers who value orderly living over CBD proximity. Short-stay rental activity is low.

Things to consider (not deal breakers)

⚠️ Traffic

Nguyen Van Linh Boulevard congests at peak hours (5-7 PM), particularly near the Nguyen Huu Tho inte...

Nguyen Van Linh Boulevard congests at peak hours (5-7 PM), particularly near the Nguyen Huu Tho intersection. Ring Road 3 provides an alternative bypass, easing corridor pressure. The single access road into the project from Nguyen Van Linh can back up during evening rush hour.

→ Ring Road 3 (76.3 km) provides a major regional bypass, reducing peak-hour pressure on the Nguyễn Văn Linh corridor. National Highway 50 widened to 6 lanes at the NVL intersection. Bình Tiên Bridge approved (6,285 tỷ VND), groundbreaking ceremony confirmed July 1, 2026, completion expected 2028, adding a direct elevated link from Mizuki Park frontage to District 8.

🌊 Flood Risk

Binh Hung commune sits on low-lying terrain prone to localized flooding during heavy rain combined w...

Binh Hung commune sits on low-lying terrain prone to localized flooding during heavy rain combined with high tide. The project entrance road from Nguyen Van Linh occasionally floods. Four Tsurumi TO250BZ622 submersible pumps (22kW each, max flow 12.7 m³/min) and a 17,000 m² internal canal system manage drainage. Internal project roads and buildings sit on elevated foundations, keeping residential areas largely dry.

→ Binh Hung is low-lying terrain. Project invested in four Tsurumi TO250BZ622 industrial submersible pumps (22kW each) and a 17,000 m² canal drainage system. Internal areas remain largely unaffected; localized flooding occurs at the entrance road from Nguyen Van Linh during heavy rain combined with high tide.

Sub-zones

EhomeS Apartment

0 listings · 1678 units

1 tỷ - 1,8 tỷ

25 triệu - 30 triệu/m²

1-3 BD · 40-75 m²

Under construction

Cheapest entry in the township: resale around 25-28M/m² (about 1.0-1.8 billion VND per unit) and rents of roughly 4-6.5M/month.

Flora Mizuki Apartment

0 listings · 2273 units

2,3 tỷ - 6 tỷ

41 triệu - 65 triệu/m²

2-3 BD · 56-112 m²

Delivered 2020

Largest price record in the township: resale around 56-60M/m² (about 2.3-6.8 billion VND) and rents of roughly 7-14M/month.

Flora Panorama Apartment

0 listings · 416 units

3,2 tỷ - 6,3 tỷ

55 triệu - 67 triệu/m²

0-3 BD · 42-126 m²

Delivered 2024

Resale around 47-55M/m² (about 3.2-6.5 billion VND), below Flora Mizuki, with rents of roughly 7-14M/month; samples are thin and vary by snapshot date.

Trellia Cove Apartment, Townhouse

0 listings · 841 units

4,2 tỷ - 8,3 tỷ

70 triệu - 78 triệu/m²

2-4 BD · 59-244 m²

Under construction

Primary asks around 72M/m² for apartments (about 4.2-8.3 billion VND), roughly 20-30% above Flora Mizuki resale, and about 22-25 billion VND for townhouses.

Valora Island Townhouse, Villa

0 listings · 192 units

10 tỷ - 33 tỷ

3-4 BD · 100-281 m²

Delivered 2022

Top of the township's price range: villas around 15-28 billion VND (about 100M/m²), townhouses around 10-12 billion VND, and rents of roughly 20-40M/month.

Valora Shophouse Shophouse

0 listings · 33 units

10 tỷ - 22,5 tỷ

90 triệu - 130 triệu/m²

3 BD · 120 m²

Delivered 2022

Thinly traded commercial units: resale around 11-15 billion VND (about 90-130M/m²) with rents of roughly 30-60M/month.

Notable Places

Event Park

8,700m² dedicated event park for community activities, outdoor performances, and seasonal festivals. Largest single-purpose park within Mizuki Park.

Japanese Zen Garden

Japanese-style meditation garden on an artificial island within the canal system. Features traditional landscaping reflecting the project's Japanese partnership heritage.

Marina Square

3,800m² waterfront pier plaza with boat dock, open-air event space, and riverside seating. Community gathering point for outdoor activities and festivals.

Mizuki Canal Park

17,000m² Japanese-style canal system weaving through the township. The name Mizuki combines 'Mizu' (water) and 'Ki' (tree), reflected in the waterway's integration with 103,000m² of green landscape.

Mizuki Education Zone

40,000m² education campus with kindergarten, public elementary school, and secondary school serving the Mizuki Park community.

Mizuki Lake

1.7-hectare central landscape lake surrounded by 2.5-km walking and cycling trail. Jogging paths, fountains, and waterfront promenades connect all subdivisions.

Mizuki Medical Center

7,500m² healthcare facility within the township providing clinics and primary care services for residents.

Projects by Developer

Akari City 2021 · 5052 units
EHome 2
Fuji Residence
Kikyo Residence
Flora Anh Đào
Trellia Cove

Growth Catalysts

✅Ring Road 3 full 76.3 km loop targeting completion June 30, 2026 — Bình Chánh corridor already operational (2026)
🚧Trellia Cove — 24 townhouses topped out March 2026 and in exterior finishing; apartment towers advancing toward Q3/2027 (2027)
🚧Ring Road 4 HCMC — 120+ trillion VND outer ring; construction start Q2–Q3 2026, targeting 2028 (2028)
🚧Bình Tiên Bridge 3.66 km: groundbreaking confirmed July 1, 2026; completion expected 2028 (2028)
🚀Bình Chánh targets Grade III urban status — district-wide infrastructure upgrade by 2030 (2030)
🚀Chợ Rẫy 2 Hospital — 1,000-bed facility planned for Bình Chánh, Japanese ODA-financed (2030)
🚀Metro Line 3a Phase 1 — Bến Thành to An Lạc, 11 km, 14 stations; Japanese ODA-financed (2031)

Mizuki Park Binh Chanh — 26-Hectare Japanese-Managed Township by Nam Long

Project news

Area news

Neighborhood

Domo Scores™

Price & Market

Is this a good deal?

Should you buy here?

Market Trends