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Explore Vietnam
Nam Long Group (NLG) – JV with Nishi-Nippon Railroad (Japan) & TBS Group (Japan)
Under construction · Developer selling · Pink books 65%
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 end-users and investors.
Infrastructure thesis materializing faster than expected: Ring Road 3 targeting April 2026 opening vs original June timeline. Solaria Rise sustained selling validates residential demand beyond the initial sellout hype. Still the best-value large-scale township near HCMC — now entering the infrastructure payoff window that long-term investors have been waiting for.
| Project | Price | Distance |
|---|---|---|
| Aquacity (Novaland) | 6-22B VND (townhouse-villa) — 40-60% more expensive than comparable Waterpoint products | Bien Hoa, Dong Nai — closer to Long Thanh Airport but developer financial instability remains concern |
| Eco Retreat Long An (Ecopark) | Apartments from 3.8B, townhouses 6.1-8B, villas 9.8B VND — premium positioning in same district, delivery late 2026-Q2 2028 | Same district (Ben Luc) — higher price with ecological focus, newer project with less established community vs Waterpoint's 5,000+ residents |
| T&T City Millennia | 5.4-8.2B VND — 30-50% more than Waterpoint townhouses | Can Giuoc, Long An — 267 ha, closer to District 7 but higher entry price |
End-user: Good project with meaningful tradeoffs. Exceptional value and green space for a mid-range township, but the 45-75 min commute to HCMC and still-sparse community hold it back from scoring higher. Best suited for families prioritizing space and nature over CBD proximity.
Investor: Mixed project suitable for patient long-term investors. Strong entry price and credible 2026 infrastructure catalysts, but low occupancy after years of delivery, weak current rental demand, and limited liquidity make this a speculative bet rather than a reliable income play.
| Developer | Nam Long Group (NLG) – JV with Nishi-Nippon Railroad (Japan) & TBS Group (Japan) |
| Construction | Construction |
| 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 (B2, A5, A3, A4, A2, A1, B1). The Aqua handover completed late 2025 — pink books in process. Remaining phases (Park Village, Solaria Rise, The Pearl) pending. Nam Long included in 2026 Government Inspectorate routine compliance check (not indicative of violations). Long An province land — freehold for Vietnamese nationals. |
Waterpoint
| CBD (peak) | 60-75 min via QL1A/HCMC-Trung Luong |
| CBD (off-peak) | 40-50 min via HCMC-Trung Luong Expressway |
| CBD (motorbike) | 50-65 min via QL1A |
| Airport (peak) | 60-80 min to Tan Son Nhat |
| Airport (off-peak) | 45-55 min to Tan Son Nhat |
Mix of young HCMC families seeking affordable space, Japanese expats working in Ben Luc industrial zones, and long-term investors. Community is in early establishment phase with occupancy gradually increasing as infrastructure improves. EMASI Plus international school — southern Vietnam's largest bilingual campus — anchors the family demographic.
