NLG - Large Land Bank to Ensure Long-Term Development
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Nam Long Investment Joint Stock Co (NLG - HSX) is among the few real estate developers in the affordable housing segment and has been successful with Ehome brand. After establishing a solid position in the affordable housing segment, NLG's strategy has shifted to mid-end housing with mini-villas and townhouses since 2015. This is considered as a wise movement of NLG’s BOD to meet the rising demand of increasing middle-class consumers in Ho Chi Minh City, to boost NLG’s net profit margin and maximize their land bank’s value. In addition, these projects have been developed under joint ventures, not only to ease NLG’s pressure on required investment capital, but also to take advantage of their partners’ management and development experience.
Nam Long Investment Corporation is a Vietnam-based company engaged in the real estate operations and development industry. The Company mainly operates in five segments. The sales of projects and apartments segment refers to the development of land and urban infrastructures, as well as the development of apartment buildings and villas. The construction segment involves the construction of urban infrastructures, residential zones and the construction of Nam Long-branded houses. The leasing of investment properties segment relates to the leasing of office buildings and commercial centers owned by the Company. The service rendering segment comprises real estate brokerage services. The other activities segment refer to other activities carried out by the Company's subsidiaries and affiliate. The Company has nine subsidiaries and one affiliate.
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