Real estate developer Nam Long Group has announced that it will tie up with two Japanese investors, Hankyu Realty and Nishi Nippon, to develop a 26ha housing project called Mizuki Park.

The three signed a deal for the development late last week. The two Japanese partners will provide Nam Long with capital and assistance with management, design and product development.

Mizuki Park is the fourth project that Nam Long will develop together with the two Japanese firms after Fuji Residence, Kikyo Residence and Flora Anh Dao.

It will be located on Nguyen Van Linh Street in District 7, and contain over 4,670 apartments and 170 houses and villas.

It will have many amenities like a walking street, eco-park, lake, and green area besides healthcare and educational facilities.

Several famous companies from Singapore, Australia and Viet Nam will be involved with the project design and consultancy.

Nam Long plans to bring the project to the market in the third quarter of this year.

A developer with 25 years of experience, it owns 500ha of land, which will be enough for the next 10 years. Its shareholders and strategic partners include Nam Viet Ltd, IFC and Ibeworth. — VNS