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Explore Vietnam
5 of 6 delivered
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.
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.
Balanced for both homeowners and investors.
Mizuki Park is the western Binh Chanh corridor's most established Japanese-managed township — genuinely livable, well-titled, and priced 20-30% below comparable mid-range peers. The binding constraint is commute: buyers working in Binh Chanh, District 7, or District 8 get strong value here; those needing daily CBD access face a 45-60 minute peak drive with no metro alternative.
Homeowner: A solid homeowner choice, best suited to buyers who work in the western Binh Chanh–District 7–District 8 corridor. The 26-hectare Mizuki Park is genuinely livable — Anabuki NL's Japanese management delivers orderly operations, 60% of the footprint is green space, and over 12,000 residents make this a real neighborhood. Pink books are issued for all delivered sub-zones (85% of total inventory), and pricing sits 8% below the mid-range peer median at ~60M/m². The honest constraint: no metro access and a 45-60 minute peak commute to District 1 limit this to buyers comfortable with car-dependent suburban living.
Investor: The investment case rests on capital appreciation rather than rental yield. Gross yields across the township run ~2.6-3.5% — below the current floating mortgage rate of 12-15% and the ~6.4% deposit rate, so cash flow is negative for leveraged buyers. Resale markets are active across multiple sub-zones with documented prices and titled inventory. Nam Long's financial position is reinforced by VinaCapital's institutional stake (June 2026), and infrastructure catalysts — Binh Tien Bridge breaking ground July 2026 and Ring Road 4 starting construction in 2026 — provide a reasonable medium-term appreciation thesis for patient holders.
| Market range | 25 triệu – 130 triệu/m² |
| Unit price | 1 tỷ – 33 tỷ |
| Rent | 4 triệu – 14 triệu/mo |
| Launch price | 16,5 triệu/m² |
| Project | Price | Distance |
|---|---|---|
| Mizuki Park | 60 triệu/m² | — |
| Vinhomes Grand Park | 30-40% more expensive | Thu Duc City with Metro Line 1 access; significantly larger township scale and amenity ecosystem |
Resale pricing at the township's delivered sub-zones has been relatively stable, anchoring around 55-65M/m² for Flora Mizuki apartments, while Trellia Cove's primary offering at ~72M/m² creates a visible new-versus-secondary price spread within the same community.
| Developer | Nam Long Group |
| Status | 5 of 6 delivered |
| Completion | 2027 |
| Total Units | 5433 |
| Towers | 16 |
| 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. Nam Long delivered 4,244 pink books company-wide in 2025. Trellia Cove construction permit approved; townhouses topped out March 2026 with exterior finishing underway; apartment towers advancing. Townhouse handover targeted Q4/2026, apartment handover targeted Q3/2027. 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, reinforcing financial capacity for project completion. |
Mizuki Park
| CBD (peak) | 38 min |
| CBD (off-peak) | 27 min |
| Airport (peak) | 64 min |
| Airport (off-peak) | 52 min |
| Long Thành (peak) | 81 min |
| Long Thành (off-peak) | 67 min |
The community is predominantly young Vietnamese families and first-time buyers in the 1.5-5 billion VND range. Over 12,000 residents across delivered sub-zones have established a well-functioning neighborhood over several years. Japanese management standards by Anabuki NL attract buyers who prioritize orderly community living over CBD proximity. Airbnb activity is low — this is a genuine residential community rather than a short-stay hub. Moderate highway noise from the Nguyen Van Linh frontage is partially mitigated by internal setback and landscaping.
