Nam Long Group (HOSE: NLG) signed an agreement with 10 distribution agents for Akari City phase 2.

On August 10, 2023, Nam Long Group (HOSE: NLG) officially signed an agreement with 10 distribution agents for the new apartment tower at Akari City. This collaboration promises to bring high-quality and real value properties, fitting the genuine needs of customers, and supporting the healthy and sustainable development of the real estate market in Vietnam.

Akari City is one of Nam Long's key projects, covering an area of 8.5 hectares. It will provide approximately 5,000 Flora Condominiums to the market. The project has a strategic location, directly connected to Vo Van Kiet Boulevard, a vital road connecting the East and West of Ho Chi Minh City. This is the fifth collaboration between Nam Long and two Japanese real estate development corporations, Hankyu Hanshin Properties and Nishi Nippon Railroad, both with over 100 years of experience in the field.

Distribution Agencies for Akari City phase 2

Since first introduction in 2018, more than 2,000 families have moved to Akari City Phase 1, forming a modern and civilized residential community. Following that, products belonging to Akari City Phase 2 have also recorded stable consumption and attracted a lot of attention.

The cooperation between Nam Long and reputable distribution agents will continue to deliver high-quality products to customers.

In September, Nam Long Group is set to launch a new tower at Akari City, the company's flagship project, completing Akari City Phase 2, which has already seen stable consumption and attracted significant interest from the market. At the same time, Akari City customers will also enjoy preferential loan packages from many of Nam Long's strategic partner banks such as Vietcombank, Vietinbank, Hong Leong Bank, BIDV, etc.

Akari City phase 1 has completed and occupied by more than 2,000 families

Speaking at the event, Van Viet Son, CEO of Nam Long Land, member of Nam Long Group, emphasized the importance of the EHome, Flora, and Valora product lines in meeting the demand for "real housing." These product lines have been developed over the past 30 years and have established a strong position in the market. The new tower at Akari City is expected to improve on these standards and provide customers with easy access to settling down.

Nam Long's cooperation with reputable distribution agents is not limited to Akari City. The company plans to introduce over 15,000 products to the market in the next three years, and the agents will play a critical role in ensuring that these products reach the right target audience.

Investor information:


"For Trust and Timeless Value"

Nam Long Group has more than 30 years of experience in real estate development in Vietnam, operating under the Business Units model, which includes three main business areas: land fund development, township and residential development, commercial real estate, and venture investment. Nam Long pursues a sustainable business philosophy with a mission to create a living environment and valuable products for the community, accompanying Vietnam in its development.

Nam Long's total assets currently total VND 27,088 billion with 11 large-scale townships, over 681 hectares of clean land, and three reasonably priced product lines: EHome, Flora, Valora. The list of shareholders and international strategic partners who have worked with Nam Long includes many big names such as Nam Viet Ltd. (a subsidiary of Goldman Sachs), IFC (a member of the World Bank), Ibeworth (a subsidiary of Keppel Land Group), Mekong Capital: Nishi Nippon Railroad, Hankyu Hanshin (two Japanese corporations with over 100 years of development), etc., providing support for financial management and real estate development experience.

Nam Long's large-scale integrated townships under development include Waterpoint (355 hectares), Izumi City (170 hectares), Nam Long II Central Lake Can Tho (43 hectares), Mizuki Park (26 hectares), etc.

Hankyu Hanshin Properties Corp.

Hankyu Hanshin Properties Corp. is a subsidiary of Hankyu Hanshin Holdings, Inc. The company has over 100 years of experience in Japan, investing in multiple industries such as infrastructure development, real estate, tourism, entertainment media, hotels, transportation, etc., of which railway infrastructure and real estate development are the main sources of revenue and profit for the group. Hankyu Hanshin Holdings is currently leading in the railway development sector in the Kansai region (mostly in Osaka, Kyoto, Hyogo, etc.) of Japan.

Nishi Nippon Railroad (NNR) Corporation

Nishi-Nippon Railroad Company, member of the Nishitetsu Group, which is a long-standing corporation, operating for over 100 in the Fukuoka area of Japan, with more than 85 member companies operating in transportation, logistics, distribution, services, hotels, real estate, etc. The group currently owns 19 hotels and resorts, 14 office buildings, nine shopping centers, and about 6,700 SUNRIANT branded real estate apartments along with 13,000 villas and villa land products.

Source: Nam Long Group (HOSE:NLG)