Vietnamese, Japanese firms shake hands in affordable housing project in Long An
The Vietnamese real estate developer Nam Long Group has partnered with Japan's Nishi Nippon Railroad Co. Ltd in the EHome Southgate housing project in the Mekong Delta province of Long An.
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| The EHome Southgate project in the Southgate subdivision of Waterpoint is opposite the shopping service complex and the Bus Interchange transport center in the new urban area. (Photo: Nam Long) |
In its announcement on July 29, Nam Long Group said that this is the first time the Japanese firm has teamed up with the company in developing an affordable housing project with the price of an apartment at about 1 billion VND (43,565 USD).
Tran Xuan Ngoc, General Director of the Nam Long Group, said that although the EHome products do not bring Nam Long as much profit as those belonging to other segments. The firm is delighted to share with Nishi Nippon Railroad a common mission and vision in creating a valuable living environment and products for the community.
Meanwhile, Fukumori, chief representative of Nishi Nippon Railroad, said that Nam Long and Nishi Nippon Railroad have jointly developed six projects from small to large scales.
EHome is a highly appreciated affordable apartment product line of Nam Long. This product line has an average price of about 1 billion VND with three core values: Economy (affordable), Ecology (green living environment), Efficiency (effective design).
Nam Long introduced the product line for the first time in 2007. Since then, EHome has realized the dream of having a house for 5,000 households with an income of 10-15 million VND per month.
The EHome Southgate, which covers 4.5 hectares of land in the area, was designed to have seven apartment blocks, equivalent to more than 1,400 apartments. The project is expected to have a synchronous utility infrastructure system and easily connect to the infrastructure of the competed Waterpoint River area.
Online sales of the project will start in the third quarter this year.
(Source: VNA)
