Nam Long Group announces $341-million Akari township

The Akari City township project is located in Binh Tan district of Ho Chi Minh City.

The two Japanese investors and Nam Long group will have 50/50 joint contribution of the total investment of about VND7.676 trillion ($341 million). This will be one of Nam Long’s key projects in the next 3-5 years.

According to Steven Chu Chee Kwang, CEO of Nam Long Investment Corporation, the company and the two Japanese partners are increasingly tightening relations to create not only homes but also a real estate system where properties for various purposes—commercial properties, schools, hospital, services, and entertainment, etc.—are developed synchronously, offering residential communities high-quality and unique lifestyle.

Meanwhile, Kazumasa Ohchi, a representative from Hankyu Hanshin Properties, said that his company saw that Nam Long has a matching business strategy of providing high-quality houses at “affordable prices,” which makes a great contribution to the development of the local area and the community and is a great fit to their firm.