TransparentReal Estate
Transparent
Nam Long Group
Largest integrated township in West Saigon — 26 hectares with Japanese management, 1.7-ha lake, and six diverse subdivisions from affordable to mid-range.
Better for long-term living than for investing.
Best value integrated township in West Saigon — 26 hectares at 42-48M/m² resale, 20-30% below Akari City and Privia. Ring Road 3 opening mid-2026 will cut commute times. Tradeoff: still 45-60 min peak to D1 and metro is 8+ years away.
| Project | Price | Distance |
|---|---|---|
| Mizuki Park | 48 triệu/m² | — |
| Akari City | 50-53M/m² resale (launched at 35M/m²) | Bình Tân — closer to CBD by 5 km, near Aeon Mall |
| The Privia (Khang Điền) | 52-60M/m² developer price | Bình Tân — newer project, branded developer |
| West Gate | 42-48M/m² resale | Bình Chánh — same district, comparable pricing, smaller scale |
End-user: Good project with meaningful tradeoffs. Exceptional 26-hectare township scale with Japanese management and strong family amenities, but suburban Binh Chanh location with 45-60 min peak CBD commute, moderate flood risk, and no metro until 2034+ hold back the score.
Investor: Mixed investment case suitable for certain buyers. Attractive entry at 42-48M/m2 (20-30% below Akari City/Privia) and proven appreciation track record, but below-average rental yield (~2.6-2.9% gross), suburban demand profile, and slowed price growth since 2023 limit the investment case.
| Market range | 27 triệu – 48 triệu/m² |
| Unit price | 1,1 tỷ – 25 tỷ |
| Rent | 4 triệu – 15 triệu/mo |
| Launch price | 40 triệu/m² |
| 2 BR | 6,5 triệu – 13 triệu/mo |
| 3 BR | 11 triệu – 15 triệu/mo |
Prices grew from 27M/m² at 2017 launch to 42-48M/m² resale in 2026 — roughly 55-75% total appreciation. Growth has moderated since 2023 for delivered phases. Trellia Cove at 72-85M/m² sets a new price ceiling. Ring Road 3 partial opening in Dec 2025 and full opening June 2026 is the active 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 % | 70% |
| Legal Notes | Flora Mizuki MP1-MP8 and EhomeS have pink books issued. MP9-MP10 and Flora Panorama pending. Trellia Cove under construction with expected delivery mid-2027. |
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 |
Mostly young Vietnamese families and first-time buyers in the 1.5-5 billion VND range. Japanese management standards attract buyers who value orderly community living over CBD proximity. Growing community of 12,000+ residents creates genuine neighborhood feel.
26-hectare integrated township by Nam Long Group and Japanese partners Hankyu Hanshin + Nishi Nippon Railroad at 777 Nguyen Van Linh. Six subdivisions: EhomeS social housing (2018), Flora Mizuki 10 towers (2020-2023), Flora Panorama 3 towers (2024), Valora villas/shophouses, and Trellia Cove 3 towers + 24 townhouses (under construction, Q3/2027). Over 12,000 residents, 1.7-ha lake, 2.5-km trail. Top 10 most livable urban area Vietnam 2023. 5-star Asia Pacific Property Awards 2022-2023.