Nam Long Group announces $341-million Akari township
Nam Long Group announces $341-million Akari township
On April 20 Nam Long Group, one of the leading housing developers in Vietnam, announced Akari City, its fifth project to be built in cooperation with Japanese Hankyu Hanshin Properties Corp. and Nishi Nippon Railroad.
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.
“Until now, we have developed four projects together. Fortunately, all the projects were carried out successfully and received positive feedback from customers. This fifth project is a combination of our understanding and Nam Long’s great experience. We hope to create added value for the housing sector in Vietnam. Akari City will be officially introduced in the third quarter of 2018,” he said.
With direct entrance to Vo Van Kiet Boulevard —the arterial road connecting east and west Ho Chi Minh City—Akari City is strategically located for both residential and commercial purposes.
The project has a total floor area of 539,000 square metres, consisting of 4,600 apartments designed following the standards of Nam Long’s Flora product line, with separate facilities, such as community club, swimming pool, children's playground, gymnasium, and many other facilities.
