On November 24th, at the GEM Hotel, Nam Long Group (HOSE: NLG) celebrated its 25th anniversary with the theme "Integration - Development". Also, on this occasion, Nam Long officially announced a new strategic partner - Anabuki Housing Service - one of the leading real estate management companies in Japan.
This event has received special attention from the Japanese government. Japanese Prime Minister Shinzo Abe had sent a message congratulating the cooperation of the two countries.
Under the agreement, Anabuki Housing Service, Nam Long Group and Okamura will jointly contribute capital to a Japanese-owned real estate management company that first came to Vietnam for residential and commercial real estate with ownership ratios of 65%, 31% and 4% respectively. The cooperation with Anabuki Housing Service has enriched the portfolio of shareholders and foreign partners – inherently is Nam Long's special strength for more than 25 years of development.
Nam Long's partners are large corporations in Japan with hundreds of years of experience in real estate development and management that have been, and will be, together with Nam Long, bringing to Vietnamese buyers a new experience on apartment, commercial buildings management services, repairing services, equipment installation, call center 24/24, apartment rental and home buyer supporting package services throughout the time of living in the residential areas of Nam Long.
Mr. Truong Tri Nhan (Chairman of Nam Long Service Joint Stock Company) and Mr. Shingu Akihiro, (General Director of Anabuki Housing Group) shaking hands after signing the cooperation agreement between the two parties.
"In Ho Chi Minh City, although the market provides about 40,000 apartments per year, we feel that housing management and legal ground are not yet perfected," said Mr. Shingu Akihiro, Anabuki Housing Service representative. “This has happened in Japan in the past, due to the lack of adequate housing management services, lot of problems have been happened to Japanese residents, such as the appearance of slums, accidents, and property value decrease together with the degradation rate of the apartments.
Learned from the above reality, we want to contribute to improving the living environment of Vietnamese residents through the services we provide. In the process of finding partners, we recognize that Nam Long is a company that specializes in developing “affordable” housing product lines – a potential segments with high growth in the future but still got a lot of concerns about the management of condominiums. Therefore, by the cooperation with Nam Long in the development of services, we believe that Vietnam's housing management standards will be improved. "
Mr. Omori Daisuke (Anabuki Group’s Strategy Director) read out Japanese Prime Minister Shinzo Abe’s congratulation letter for the cooperation between Nam Long and Anabuki.
Mr. Steven Chu - General Director of Nam Long Group said: "The cooperation with Anabuki Housing Service will help Nam Long strengthen the last link in the real estate value chain of Nam Long with 15 subsidiary companies which responsible for the development of real estate from the beginning to the completion, from land development, construction, project management to sales and after-sales service. Nam Long constantly improves the stages in the development chain towards sustainable development in the future. "
Nam Long is one of the brands associated with the ups and downs of the real estate market in Vietnam from the beginning so far. Its precursor is Nam Long Construction Co., Ltd which was founded in 1992 with the initial capital of VND700 million, up till now, the total assets of Nam Long have reached VND7,800 billion. The Group owns more than 500 hectares of land fund and a portfolio of derirable shareholders and investors: after IFC (Worldbank), Mekong Capital, ASPL, Nam Viet Ltd. (Goldman Sachs)
Currently, Nam Long is getting great support from foreign strategic partners such as Ibeworth (Keppel Land Group), PYN (European Investment Fund) ... At the project level, Nam Long also has strong relationships with leading companies such as Hankyu Realty and Nishi Nippon Railroad (Japan).
Nam Long has completed 8 urban projects, supplying more than 15,000 products from villas, townhouses, apartments to offices for lease and forming three strategic product lines: EHome, Flora and Valora. In addition to the well-known " affordable " products that account for 15% of the "affordable" housing market in Ho Chi Minh City, the company also has high-class projects such as Nam Phu Villas, Thao Nguyen Saigon, Nam Thong commercial townhouse area, Valora Fuji Villas, Valora Kikyo ...
Nam Long is still developing and finishing high-class urban areas such as Hoang Nam (8.5 hectares); Mizuki Park (26 hectares); Phu Huu (17.5 ha), Phuoc Long B Extended (15.9 ha), Waterpoint (Long An) 355 ha. These are the projects that have additionally contributed by some international organizations and they are expected to leave a mark on not only domestic real estate market. In the next 3 years, Nam Long is expected to launch 17,000 products in the EHome, Flora, Valora and three large-scale urban areas.
