Nam Long Group (HOSE: NLG) starts construction for Flora Panorama Condominiums

On March 22, 2022, the construction of condominium project Flora Panorama in phase 3 of the 26-hectare Mizuki Park integrated township, developed by Nam Long and two Japanese partners Nishi Nippon Railroad and Hankyu Hanshin Properties Corp has officially started

Commencement of Flora Panorama Condominium in Mizuki Park

On March 22, 2022, Nam Long and two Japanese partners, Hankyu Hanshin Properties Corp, Nishi Nippon Railroad, and Newtecons General Contractor, construction management and supervision consultant Artelia, FQM, CMI have officially started the construction of 3 apartment blocks with more than 400 Flora+ apartments in phase 3 of Mizuki Park Integrated Township.

Perspective illustration of Flora Panorama on the commercial boulevard in Mizuki Park township

Flora Panorama apartment project is part of Nam Long’s Flora + product line. This is Nam Long's first project targeting the international mid-end standards with valuable improvements in architectural design and finishing materials. The Flora Panorama condominium complex consists of 3 apartment blocks with more than 400 properties located on the local commercial boulevard, next to The Mizuki million-dollar riverside villa complex and directly connected to the Square - Marina, has a beautiful 360-degree view with a permanent view of the river, the canal, square - marina and "city view" of a well-planned township. In addition to the internal facility system, the condominium complex also inherits all of the integrated township’s facilities including a 1.7-ha wide canal, a 1.5-km fitness promenade and a 1.3-km long bicycle path, 103,000-m2 green park, 8,700-square-meter event square, 40,000-m2 education system, 15,000-m2 commercial area, 7,500-m2 medical facility, 5,000-m2 administrative and cultural center, etc., developed by leading local and international companies in real estate and construction such as Conybeare Morrison CM+ (Australia - planning design), CPG (Singapore - landscape design), Aurecon (Australia - infrastructure design consultant), Yellowstone Consultants (Australia - infrastructure design consultant), Belt Collins (USA - landscape consultant), Rankine&Hill (Singapore - structural consultant).

Tran Xuan Ngoc - Group CEO spoke at the event on behalf os the investor

Tran Xuan Ngoc - General Director of Nam Long Group said: "Nam Long's mission is contributing to creating a living environment and valuable products for the community. Mizuki Park has been and continues to play a very important role in Nam Long group’s strategy and business plan. We and all partners will work together and coordinate in the best way during project development to ensure the right process, quality, and schedule as planned, continuinging to create products with the best value for the community.”

Kentaro Matoba, representative of Hankyu Hanshin Properties shared: "We have cooperated with Nam Long Group to develop the 26-hectare Mizuki Park Township since 2015, and today I would like to thank everyone for everything. The best efforts of all our partners, Nam Long, Newtecons and everyone who have supported the project so far. We always believe that our partnership is strong and long-term and can bring our product to a new level in the market.”

Perspective illustration of Flora Panorama condominium next to The Mizuki million-dollar villa in Mizuki Park township.

Tran Kim Long, General Director of Newtecons Contractor said: “Nam Long is one of the leading real estate developers in Vietnam, besides the Japanese investors Hankyu Hanshin Properties Corp and Nishi Nippon Railroad. Flora Panorama condominium in Mizuki Park township is the next project that Newtecons is given with trust and confidence after the on-time handover of Flora Mizuki MP6-MP7-MP8 despite the impact of the Covid-19 pandemic. With a long history as a prestigious General Contractor in Vietnam, Newtecons promises that the Flora Panorama project will be executed as scheduled, at high quality, bringing the highest satisfaction to the investor, and importantly, assuring the Customers about the standard and quality of the apartment.”

(Source: Nam Long Group (Hose: NLG))