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Explore Vietnam
5 of 9 delivered
Nam Long Group (NLG) – JV with Nishi-Nippon Railroad (Japan) & TBS Group (Japan)
5 of 9 sub-zones delivered · 4 upcoming 2027–2028
355-hectare Japanese-partnered riverside township at 50-70% of comparable HCMC satellite city prices, with 70% green/water coverage, Dutch-engineered flood protection, and southern Vietnam's largest bilingual school on-site.
355-hectare integrated township on a peninsula with 5.8 km of Vam Co Dong River frontage in Ben Luc, Long An. JV between Nam Long (50%), Nishi-Nippon Railroad (30%), and TBS Group (10%). Master-planned by Conybeare Morrison (Australia) with flood engineering by Royal HaskoningDHV (Netherlands). Over 70% green/water coverage. Phase 1 (165 ha) largely delivered; Phase 2 (190 ha) launching 2025-2030. The most price-competitive large-scale township around HCMC — roughly 50-70% of comparable products at Aquacity or Swanbay.
Balanced for both homeowners and investors.
A 355-hectare low-density riverside township with Japan-backed execution, an on-site bilingual school, and Dutch-engineered flood protection — at 50-70% of comparable HCMC satellite city prices. The main tradeoff is timing: much of what makes the project compelling (Aeon Mall, Central Park, Heritage Forest) is still completing, and the single access road creates daily friction until Ring Road 3 opens.
Homeowner: Solid for homeowners willing to embrace a suburban lifestyle. The Japanese JV delivers credible build quality: 23% density, 70%+ green and water coverage, Royal HaskoningDHV flood protection to an 80-year standard, and EMASI Plus bilingual school (K-12) open on-site since August 2024. The honest tradeoff is that today's amenity reality is thin — no mall, limited external hospital coverage, and a single access road that congests at peak hours; much of what will make the project compelling (Aeon Mall, Central Park, Heritage Forest) is still completing.
Investor: A medium-term infrastructure play with institutional floor protection. Ring Road 3 and the Ben Luc–Long Thanh Expressway are both targeting completion within months, and Long Thanh Airport is set for Q4 2026 — if they open on schedule, the buyer pool and rental base widen materially. Nam Long’s listed status (HSX:NLG) and Japanese institutional backing (Nishi-Nippon Railroad 30%) limit sponsor risk. The constraint: Waterpoint sits 16% above its value-peer median, Aeon Mall is still 1-2 years away, and rental yield data is unproven — this is a 3-5 year hold, not a near-term flip.
| Market range | 20 triệu – 78 triệu/m² |
| Unit price | 1,15 tỷ – 70 tỷ |
| Rent | 3 triệu – 8 triệu/mo |
| Launch price | 26,5 triệu/m² |
| Project | Price | Distance |
|---|---|---|
| Waterpoint | 40,5 triệu/m² | — |
| AquaCity (Novaland) | 30-50% more expensive per m² | Dong Nai (Nhon Trach) — similar expressway-dependent location but larger developer brand, more advanced retail infrastructure, and closer proximity to Long Thanh Airport |
Waterpoint's secondary market is gradually anchoring as delivered sub-zones accumulate resale data — the near-term infrastructure openings (Ring Road 3, Ben Luc–Long Thanh Expressway) are the most consequential near-term price catalysts for the corridor.
| Developer | Nam Long Group (NLG) – JV with Nishi-Nippon Railroad (Japan) & TBS Group (Japan) |
| Status | 5 of 9 delivered |
| Completion | 2030 |
| Total Units | 4500 |
| Towers | 11 |
| Launch Date | 2019-09 |
| Handover | 2030 |
| Construction Permit | Approved |
| Pink Book | Partial |
| Pink Book % | 65% |
| Legal Notes | Pink books issued for Rivera 1, Aquaria 1, and all 7 EHome Southgate blocks. The Aqua handover commenced Q3 2025 with pink books being processed through Long An province land registry; first batch was expected by end of Q1 2026 per developer communications — buyers should verify current issuance status directly with the Long An land registry. Park Village (handover Q4 2026), Solaria Rise (handover 2027), and The Pearl (handover Q4 2028) pink books pending delivery. Long An province land — long-term ownership for Vietnamese nationals. Nam Long is a listed company (HSX:NLG) with Japanese institutional partners (Nishi-Nippon Railroad 30%, TBS Group 10%). 2026 Government Inspectorate routine compliance check initiated Q1 2026 concluded without publicly reported violations. In June 2026, the State Securities Commission issued Decision 314/QD-XPHC fining Nam Long 92.5 million VND for late registration of three privately placed bond codes (NLGB2429001, NLGB2427002, NLGB2427003) — a minor procedural penalty unrelated to project delivery or land title. |
Waterpoint
| CBD (peak) | 66 min |
| CBD (off-peak) | 58 min |
| Airport (peak) | 64 min |
| Airport (off-peak) | 58 min |
| Long Thành (peak) | 106 min |
| Long Thành (off-peak) | 102 min |
Residents are primarily young HCMC families who chose the township for its school credentials and green-space ratio, alongside Japanese expatriate workers from the Ben Luc and Long An industrial zones. A buy-and-hold investor contingent holds units in delivered sub-zones (Aquaria 1, Rivera 1, EHome Southgate). The community is in early formation — the atmosphere is peaceful and low-density, gradually filling in as infrastructure matures.
