Nam Long Group (HOSE: NLG) breaks ground on Akari City phase 2

On February 28, 2022, Akari City phase 2 consisting of 1690 apartments in an 8.5-hectare urban complex directly connected to Vo Van Kiet Avenue broke ground and started the foundation. This apartment project falls into the integrated township model that Nam Long and its two Japanese strategic partners have been pursuing.

Akari City (8.5ha, Binh Tan) broke ground and started construction of the foundation phase 2

On February 28, 2022 morning, the investors included Nam Long Group and its two Japanese partners Hankyu Hanshin Properties, Nishi Nippon Railroad, and FQM supervision consulting and Tung Feng pile foundation contractor (Taiwan) officially broke ground on the Flora apartments in Flora Akari 7,8,9,10 (AK7, AK8, AK9, AK10), as part of Akari City phase 2.  


Akari City phase 2 has 1 basement and 29 floors, including utility floors, commercial services and apartments according to Flora Condominium standards.

Tung Feng Construction Engineering Co., Ltd from Taiwan is the new name involved in the development of the Akari City project, alongside other leading international real estate and construction companies that previously involved in phase 1, such as Butler Associates (Australia - planning consultant), Beltcollins (Hong Kong - landscape consultant), Jones Lang LaSalle Incorporated (USA - commercial consultant), Social Light (SCI - public utility), Alinco ( Vietnam - architectural design), Nagecco (Vietnam - general construction MEP). Tung Feng was established in 1990, is a contractor with more than 30 years of experience in foundation construction in Taiwan, Malaysia, Indonesia and some Asian countries. In Vietnam, this contractor has developed high-class apartment projects of major investors such as Vingroup, Masterise, Phu My Hung, etc.

Tran Xuan Ngoc,General Director of NLG, on behalf of the project investor gave speech at the event

At the event, Tran Xuan Ngoc, General Director of Nam Long Group said: "Nam Long and our two Japanese partners, Hankyu Hanshin Properties and Nishi Nippon Railroad and contractors have had a good start and achieved success with Akari City phase 1. Phase 2 is NLG’s key project and is expected to contribute about VND 3,800 billion in sales revenue in 2022. We will continue to make efforts to implement this phase 2 with the desire to create many quality products and add new value to housing projects in Ho Chi Minh City in particular, and in Vietnam in general.”

Mr. Fukumori Toyoki - representative of Nishi Nippon Railroad shared: Coming back after the prolonged effects of the Covid-19 pandemic, facing high construction and material costs, but I believe we include Nam Long, NNR, Hankyu Hanshin and their partners and contractors will continue to strive to overcome all and achieve successes beyond what was done in phase 1. With experience in developing urban areas Expanding population in the Japanese market for more than 100 years, NNR will continue to draw dreams from its urban areas. Today, right here, together, we will continue to draw the dream of settling down in this light city Akari City. Wish phase 2 will be successful.”

Mr. Yang Ming Yuan, representative of Tung Feng contractor said: "Having cooperated with Nam Long investor, Hankyu Hanshin Properties, Nishi Nippon Railroad in high-end apartment projects in Mizuki Park before, we are happy to take on the role of foundation contractor for phase 2 of the Akari City project. We will start the project safely and commit to meet the quality and schedule that the investor has set.”

City of Light Akari City has handed over 1,800 Flora apartments in phase 1 and opened for residency.

Located in the most convenient location in Akari City, phase 2 apartments have a location advantage next to a 18,000m2 cluster of schools, a 2,500m2 square, connecting the 42m commercial avenue axis. It only takes 10-20 minutes to get to all the facilities of the West area and easy access to Ho Chi Minh City center. In addition, within just a few steps, Akari residents immediately enjoy a comfortable and dynamic living space of a modern and contemporary Japanese lifestyle, harmonizing with the sophistication and relaxation of a private life, from the shared facilities to the local facilities exclusive for residents of phase 2.

For more information, please visit: https://akaricity.vn/

Source: Nam Long Group (HOSE: NLG)