According to the agreement, the two investors and Nam Long Long group will have a 50/50 joint contribution of total investment about 7,676 billion VND to carry out Akari City project. This will be one of Nam Long’s key projects in the next 3-5 years.
Akari in Japanese means “Light”, stands for freedom, spirit of entertainment. The project is designed in accordance with the idea of a vibrant "multi-utility residential city" with commercial facilities, unique services to meet the needs of culinary, entertainment and education of residents.
With direct entrance to Vo Van Kiet Boulevard - the backbone road connecting East to West of Ho Chi Minh City, Akari City owns a strategic location for both residential and commercial purposes. The project has a total floor area of 539,000m2, consisting of 4600 apartments which are designed following the standard of Nam Long’s Flora product line, with separate facilities such as community club, swimming pool, children's playground, gymnasium… In addition, the residents will be also able to enjoy all the benefits of township, including a 13,000 m2 area of commercial area, F&B ... and functional zone, education, healthcare zone etc.…
At the event, Mr. Kawaue Jyunichi, General Consul of Japan in HCMC, said: "This year is a very special year marking the 45th anniversary of Japan-Vietnam diplomatic relationship. The economic and cultural ties between the two countries are believed to grow stronger and deeper. I hope that the Akari City project of Nam Long and Hankyu Hanshin Properties, Nishi Nippon Railroad will also become a symbol of the Japan-Vietnam friendship.”
Mr. Steven Chu Chee Kwang – CEO of Nam Long Investment Corporation said: "Nam Long and the two Japanese partners are increasingly tightening the good relationship to create not only homes but also a real estate system – where properties for various purposes such as commercial properties, schools, hospital, service, entertainment, complexes,... are developed synchronically, creating residential communities with high quality and unique lifestyle.”
Mr. Kazumasa Ohchi (representative of Hankyu Hanshin Properties, Japanese partner) shared: “ We have found at Nam Long a business strategy of providing high quality houses at “affordable pricing”, which makes a great contribution to the development of the local area and the society, and fit to our standpoint. Until now, we have together developed 4 continuous projects. Fortunately, all the projects were successfully carried out and received positive feedback from customers. This 5th project is a combination of our understanding and Nam Long’s great experience. We hope to create an added value for the housing sector in Vietnam”Akari City will be officially introduced in third quarter of 2018.
(Source: Nam Long Group (Hose: NLG))