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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.
Better for long-term living than for investing.
Mizuki Park is a well-priced, Japanese-managed township offering suburban living standards — parks, canals, and established community — that rival projects costing 20-30% more. The core trade-off is a 45-60 minute commute to central Saigon with no metro access and entrance road flooding during heavy rain.
Homeowner: A solid choice for homeowners, especially families seeking township-scale living at a significant discount to comparable projects. The 26-hectare development combines Japanese management by Anabuki NL, a 1.7-ha landscape canal, 103,000m² of parkland, and a proven 12,000+ resident community — at prices running 20-30% below mid-range peers. The key compromise is suburban isolation: a 45-60 minute peak-hour commute to District 1, entrance road flooding during heavy rain, and a planned-but-not-yet-delivered on-site education zone and medical center.
Investor: A secondary-market-backed investment with below-average rental yields. The documented resale market across Flora Mizuki and EhomeS confirms real liquidity, and Nam Long's listed status with record 2025 pre-sales reduces completion risk for Trellia Cove. However, gross yields of ~2.5-2.7% are confirmed below average, the tenant pool is primarily suburban local families rather than expats or professionals, and Binh Tien Bridge (Q3/2027 target) remains the key near-term connectivity catalyst to watch.
| Market range | 27 triệu – 130 triệu/m² |
| Unit price | 1,1 tỷ – 36 tỷ |
| Rent | 4 triệu – 60 triệu/mo |
| Launch price | 16,5 triệu/m² |
| Project | Price | Distance |
|---|---|---|
| Mizuki Park | 60 triệu/m² | — |
| Akari City | Similarly priced | Same Nam Long developer, Binh Tan corridor — closer to District 8 but less green space and smaller township scale |
| Celadon City | 10-15% more expensive | Gamuda-developed township in Tan Phu — more established external retail, slightly more central, comparable green space ambition |
Resale prices at Mizuki Park are holding close to the mid-range peer median; the near-term price support rests on road connectivity improvements rather than any broad market re-rating.
| 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 phases (Flora Mizuki MP1-MP10, Flora Panorama FP1-FP3, EhomeS blocks A-H) have pink books issued — over 2,500 units, ~85% of total marketable inventory. Trellia Cove construction permit approved, building under construction; townhouse handover Q4/2026, apartments Q3/2027. Nam Long Group (HOSE: NLG) is a listed developer; 2025 pre-sales of 11,855 tỷ VND set a company record, reinforcing financial capacity for project completion. |
Mizuki Park
| CBD (peak) | 34 min |
| CBD (off-peak) | 26 min |
| Airport (peak) | 62 min |
| Airport (off-peak) | 51 min |
| Long Thành (peak) | 77 min |
| Long Thành (off-peak) | 68 min |
Predominantly young Vietnamese families and first-time buyers in the 1.5–5 billion VND range. Over 12,000 residents across delivered sub-zones make this a well-established neighborhood rather than a speculative development. Japanese management by Anabuki NL draws buyers who prioritize community order over CBD proximity. Short-stay rental activity is very low — this is a genuine owner-occupier and long-term resident community. Moderate highway noise from the Nguyen Van Linh frontage is mitigated by the project's internal setback and tree-lined landscaping.
