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Property

Nam Long announces partners in Mizuki Park project

Released at: 11:37, 19/06/2017

Nam Long announces partners in Mizuki Park project

Photo: Nam Long

Vietnamese developer announces two Japanese partners for HCMC project.

by Hong Nhung

Vietnamese real estate developer the Nam Long Investment Corporation held a ceremony on June 17 to announce the development partners for the 26-ha Mizuki Park project in Ho Chi Minh City’s District 7.

The project will be developed by Nam Long, Hankyu Realty from Osaka, Japan, and Nishi Nippon Railroad from Fukuoka.

Mizuki Park marks cooperation between Nam Long and two Japanese partners in both depth and breadth. Mizuki Park is the largest project ever to be invested by two Japanese investors with Nam Long, following three other successful projects: Fuji Residence, Kikyo Residence and Flora Sakura, and is not only supported by two Japanese partners in terms of capital, as in the previous projects, but also in terms of project management, design, and product development.

Prestigious domestic and international companies will be involved in architectural design, landscape design, and infrastructure at Mizuki Park. 

“Mizuki Park is a large-scale urban project where Nam Long will cooperate with the two Japanese investors,” said Mr. Chu Chee Kwang, CEO of Nam Long. “We were very thorough in selecting our project development partners. We conducted competitions to select and test the competence of each partner to ensure that work will be completed to the highest level to meet the needs of residents, as well as create an impressive step in Nam Long’s development roadmap.”

The project includes 4,676 affordable condominium units and 170 land plots, townhouses, and villas, with a wide range of facilities for quality lifestyles, such as a riverside road, a central canal and lake, sporting areas, restaurants, medical and education facilities (a clinic, a kindergarten, and a primary school), commercial centers (supermarkets and minimarts), a community garden, and a children’s playground.

Nam Long signed a strategic partnership agreement with the two Japanese investors two months ago, in which Nam Long holds 50 per cent. Total investment capital stands at more than $350 million.

Sales at Mizuki Park are expected to be opened in the third quarter of this year.

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