Nam Long has been granted permission to launch sales for 4 key projects in 3 provinces/cities.

After a period of waiting, the completion of legal procedures for projects in Dong Nai, Long An, and Ho Chi Minh City is expected to unlock cash flow and restart NLG's business cycle.

Nam Long completes legal procedures for 4 key projects.

Nam Long Investment Corporation (stock code: NLG) has completed the procedures and received the necessary permits to launch sales for four key projects in Dong Nai, Long An , and Ho Chi Minh City. This is a significant step forward, helping to resolve legal obstacles that have been a bottleneck in the real estate market in recent times.

According to a report from Yuanta Securities Vietnam, the licenses were granted between mid-October and early December, including the following projects:

• Izumi Canaria: Licensed on October 16th
• Southgate - Solaria Rise: Permit issued on October 22nd
• Mizuki - Trellia Cove: Permit issued on November 11th
• Elyse Island - Paragon Dai Phuoc: Permit issued on December 4th

A quick report indicates that NLG has completed obtaining four key sales permits. (Screenshot)

The simultaneous issuance of sales permits is of crucial importance to Nam Long, especially in the context of real estate businesses prioritizing cash flow restructuring and focusing on sales activities. These permits are seen as the "key" to activating cash flow from customers, helping the company convert inventory into actual revenue.

Details of licensed projects

The projects licensed this time cover various segments, from low-rise housing to apartments, meeting diverse market needs.

Izumi City project (Izumi Canaria subdivision) in Dong Nai

Izumi Canaria is a subdivision within the 170-hectare Izumi City mega-urban area. This subdivision, covering approximately 13.6 hectares, offers 461 low-rise properties, including villas and townhouses. Characterized by its land-attached housing concept, Izumi Canaria is expected to be a major driver of sales for Nam Long in the coming period.

Perspective view of the Izumi Canaria subdivision. (Illustrative image)

Southgate project (Solaria Rise subdivision) in Long An

Located within the Waterpoint urban area, the Solaria Rise subdivision spans 3.1 hectares and comprises 4 apartment towers with a total of 698 units, ranging in size from studios to 3-bedroom apartments. This project helps Nam Long diversify its product portfolio and revenue streams from the apartment segment.

Rendering of the Southgate - Solaria Rise project. (Illustrative image)

Mizuki Park project (Trellia Cove subdivision) in Ho Chi Minh City

Trellia Cove is located within the Mizuki Park urban area, comprising 3 20-story apartment buildings and 24 townhouses in a compound, offering a total of 817 apartments. It is one of the few new apartment projects in Ho Chi Minh City with clear legal documentation, targeting customers with genuine housing needs.

Rendering of the Mizuki - Trellia Cove Project. (Illustrative image)

Paragon Dai Phuoc project (Elyse Island subdivision) in Dong Nai

The Elyse Island subdivision covers an area of ​​45.5 hectares, offering 333 low-rise houses. The project is developed as a secluded community, targeting customers who appreciate private living spaces and closeness to nature, adding to the company's supply of landed housing products.

Elyse Island - Paragon Dai Phuoc project. (Illustrative image)

Prospects and challenges

The completion of four sales permits is a positive sign, indicating that Nam Long has overcome its biggest legal hurdle. However, the actual effectiveness will depend on the market's absorption capacity. The speed of sales and the ability to collect payments from customers will be decisive factors in improving the company's financial foundation in the coming quarters. Investors will continue to closely monitor these indicators to assess the company's prospects.

Source: https://baolamdong.vn/nam-long-duoc-cap-phep-mo-ban-4-du-an-trong-diem-tai-3-tinh-thanh-411138.html