Lucas Ignatius Loh Jen Yuh, General Director of Nam Long Investment Corporation (NLG), announced that October's early sales were the highest ever recorded, exceeding 4,200 billion VND. This month's revenue nearly matched the business results of the first 9 months, which stood at 5,000 billion VND. Cumulatively over 10 months, the company recorded revenue of 9,292 billion VND, an 86% increase compared to the 9-month revenue. This figure surpasses the group's previous record of 8,200 billion VND for the entire year 2022.

According to Mr. Lucas, this growth stems from a series of projects completing legal procedures and receiving sales permits in October and November. These include Izumi Canaria, part of the Izumi City urban area in Dong Nai.

Based on these figures, the company expressed confidence in achieving its annual business plan and projected future sales to range from 20,000 to 30,000 billion VND.

"Nam Long has completed two-thirds of its handover plan. Handover procedures have surpassed targets, as seen with the Akari project. We also completed the divestment of 15% of the Izumi project and welcomed a new partner. Therefore, our year-end business results are within forecast", Mr. Lucas stated.

Mr. Lucas speaking at the NLG Day event held on 5/12 in TP HCM. *Photo: Nam Long*

The company also announced that the Elyse Island project (Paragon Dai Phuoc) received its sales permit on 4/12. This milestone marks the project's first launch since NLG acquired it in 2019. The company aims to expedite the conversion process from reservations to sales contract signings.

Regarding the 2026 outlook, NLG's leadership believes the company will maintain its growth momentum due to projects ready for market launch and reaching target customer segments. Key projects include Waterpoint giai doan 1, Mizuki Park, Akari City, and Nam Long II Central Lake. Concurrently, the company is preparing new phases for Elyse Island, An Zen Residences, VSIP Hai Phong, Waterpoint giai doan 2, and Izumi Canaria.

NLG is also collaborating with banks to implement 30-year long-term loan packages and 3-5 year fixed-interest rate products for homebuyers. Thanks to improved legal progress, the number of projects Nam Long has launched increased from five projects in 2023 to nine projects, primarily in TP HCM and its surrounding areas.

Nam Long aims for 20,000-30,000 billion VND in revenue in the coming years. *Photo: Nam Long*

For 2026 targets, Mr. Luca stated that the company plans for results no lower than 2025, with profits expected to be equivalent or higher. Maintaining the current pre-sale scale (projected sales) is considered a foundation for Nam Long to consolidate before expanding its land bank.

Regarding the development plan for existing projects, after Trellia Cove, NLG intends to develop the CCTM1 and CCTM2 land plots, two central areas of Mizuki Park. For Akari City, the company plans to construct a school in 2026 to enhance amenities for the entire urban area, meeting the quality of life needs of its resident community.

Reflecting on his 20 months as General Director, Mr. Luca noted three major changes at Nam Long: enhanced decentralization and standardized project management; expanded marketing and sales capabilities; and a shift to a "customer-centric" mindset throughout the entire system.

Hoai Phuong