Nam Long Group maintains top ten position in real estate investment ranking

Nam Long Group has been ranked in the top ten real estate investors in 2024 by survey firm Vietnam Report.

Thanks to stable growth, Nam Long Group has been in the top 10 for six consecutive years and the top two in the past two consecutive years.

By the end of 2023, the general picture of the whole real estate industry remains many challenges and obstacles. In 2024, the real estate market is expected to have a stronger improvement compared to the previous year.

According to a survey by Vietnam Report, in the past year, the three biggest driving forces contributed to real estate businesses' business results including reputation and brand in the market (accounting for 83.3 per cent), high quality of talented staff (accounting for 63.9 per cent), and sucessful review, reduce and use costs effectively (63.9 per cent).

Taking advantage of existing position, reputation and cost optimization measures have partly helped businesses, including Nam Long, maintain operations during difficult times.

Nam Long, with its urban area development and housing business segment, still recorded record handover sales of VND6.98 trillion ($291 million), with net profit reaching nearly VND484 billion ($20 million).

Since the start of 2024, Nam Long has focused on urban area projects including Akari City (Binh Tan District), Mizuki Park (Binh Chanh district), and Waterpoint (Long An province).

Akari City is on the verge of completion for apartments to be available at the end of this year.

According to the group's three-year strategy, Nam Long will provide more than 10,000 products suitable for the needs and income of Vietnamese customer segments.

Nam Long Group plans to launch new subdivisions at Waterpoint and Mizuki Park, adding new supply to the market.

The top ten real estate list were filtered by Vietnam Report with financial data updated to December 31, 2023, combined with a comprehensive, objective and complete assessment of the business.

Nam Long Group started handing over 166 products of two Flora Mizuki MP9-MP10 blocks, a component project of Mizuki Park Integrated Township, on June 6.

Nam Long has announced a series of practical solutions to help buyers take that first step towards getting on the property ladder.

Nam Long Group on March 4 announced the appointment of Lucas Ignatius Loh Jen Yuh as CEO regarding the new organizational structure of its growth strategy.