Explore VietnamReal Estate
Explore Vietnam
Nam Long Group
Under construction · Developer selling · Pink books 85%
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 (6 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 5,300 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.
Better for long-term living than for investing.
West Saigon best-value established township — 26 hectares with Japanese management, 85% pink books, and 12,000+ active residents. Flora Mizuki resale at 48-60M/m² offers proven living at mid-range pricing. Ring Road 3 opening June 2026 and Bình Tiên Bridge starting construction are tangible near-term catalysts. Tradeoff: still suburban with 45-60 min peak CBD commute and no metro until 2031+.
| Project | Price | Distance |
|---|---|---|
| Akari City | 50-55M/m² resale (Bình Tân) | 5 km closer to CBD, near Aeon Mall — stronger location but smaller township scale |
| The Privia (Khang Điền) | 52-60M/m² resale (Bình Tân) | Newer delivery (Oct 2024), branded developer — higher price point but similar segment |
| West Gate | 45-52M/m² resale (Bình Chánh) | Same district, lower price but much smaller scale, no township amenities |
End-user: Good project with meaningful tradeoffs. Exceptional 26-hectare township scale with Japanese management, strong family amenities, and now 85% pink books issued. Suburban Bình Chánh location with 45-60 min peak CBD commute, moderate flood risk, and no metro until 2034+ remain the core drawbacks. Fits rubric expectation of strong value + weaker location = 7.2-8.0 range.
Investor: Good project with meaningful tradeoffs. Attractive entry at 42-48M/m² (20-30% below Akari City/Privia) and proven appreciation track record with improved legal clarity (85% pink books). Below-average rental yield (~2.6-2.9% gross), suburban demand profile, and moderated post-2023 growth limit the investment case. Ring Road 3 partial opening is a realized catalyst.
| Developer | Nam Long Group |
| Construction | Construction |
| Completion | 2027 |
| Total Units | 5378 |
| Towers | 16 |
| Launch Date | 2017 |
| Handover | 2027 |
| Construction Permit | approved |
| Pink Book | partial |
| Pink Book % | 85% |
| Legal Notes | All delivered phases (Flora Mizuki MP1-MP10, Flora Panorama, EhomeS) have pink books issued — over 2,500 units. Trellia Cove under construction, expected delivery Q3/2027 (townhouses Q4/2026). |
Mizuki Park
| CBD (peak) | 45-60 min by car via Nguyen Van Linh |
| CBD (off-peak) | 20-25 min by car |
| CBD (motorbike) | 25-35 min |
| Airport (peak) | 60-75 min by car |
| Airport (off-peak) | 30-35 min by car |
Predominantly young Vietnamese families and first-time buyers in the 1.5-5 billion VND range. Over 6,000 households across delivered phases create a well-established residential neighborhood. Japanese management standards by Anabuki NL attract buyers who prioritize orderly community living over CBD proximity. Low Airbnb activity — this is a genuine residential community, not a short-stay hub. Moderate highway noise from Nguyen Van Linh frontage, mitigated by internal setback and landscaping.
