In Vietnam's Bac Ninh Province, Major Township Development Project Named Hong Hac City Begins

Introduction

Nomura Real Estate Incorporated, headquartered in Shinjuku, Tokyo, has announced its joint venture with Phu My Hung Development Corporation to launch a grand township development known as the Hong Hac City Project in Bac Ninh Province, adjacent to Hanoi. This initiative is set to significantly enhance living standards in a region known for its burgeoning high-tech industry.

Project Overview

This venture marks a substantial investment of approximately 285 billion yen, making it Nomura's largest project in Vietnam to date. The scope of the development covers roughly 200 hectares and aims to develop mixed-use township properties, including residential areas with low-rise homes, parks, schools, medical facilities, and commercial spaces aimed at creating a thriving community.

The Hong Hac project builds on a trust established over more than a decade of collaborations with Phu My Hung. With a strong commitment to enhancing local livelihoods, both companies are leveraging their respective strengths. Nomura has cultivated a reputation for high-quality development over more than 30 years in Ho Chi Minh City, ensuring a blend of international standards with local knowledge.

Strategic Importance

Bac Ninh Province has been rapidly developing due to its proximity to Hanoi, about 20 kilometers away, making it an ideal investment and settlement location. The township's strategic placement along National Route 17, linking major industrial hubs with the capital, positions it well for future growth due to expected population inflows into the expanding Hanoi metropolitan area.

Nomura aims to deliver approximately 2,850 residential units ranging from villas to semi-detached and townhouses. The overarching theme, “Gathering Nest to Enjoy Life With Seasons,” reflects the desire to integrate nature and seasonal living into the township's design, promising expansive green spaces covering 20% of the entire area while maintaining strong accessibility.

Development Features

The planned residential units will vary in size, providing lots ranging from 110 to 380 square meters, thus offering prospective homeowners an inviting and spacious living environment. With distinctive architectural styles, the layouts will ensure aesthetic coherence across different zones, embracing elements of French classicism while preserving unique identities for each neighborhood area.

Appreciating the demand for affordable, quality housing, the project solicited feedback from potential buyers during its first exclusive sales event on June 14, 2025, where an overwhelming 300 attendees affirmed the project's vision. The initial sales phase saw an impressive 80% reservation rate, reflecting strong market interest and confidence in the future of this township.

Recognition and Future Prospects

Since establishing its Vietnamese subsidiary, Nomura Real Estate Vietnam Co., Ltd., in 2019, the company has garnered industry accolades, affirming its commitment to excellence in foreign direct investment and enhancing its brand presence amongst local competitors. Recent awards include ranks in the Excellent FDI Enterprise and ASEAN Strong Brands, sharpening its competitive edge in the Vietnamese market.

The company has a vision for strategic growth, projecting its role in shaping the housing landscape in Vietnam. The diverse portfolio of projects already includes over 30,000 housing units in the Ho Chi Minh and Hanoi regions, emphasizing a robust operational history that will enhance future developments.

As part of its growth strategy, Nomura plans to expand its corporate website to communicate its achievements and engage with potential partners more effectively. With its sights firmly set on establishing a long-term footprint in Vietnam, the Hong Hac City Project is a pivotal step toward enhancing community living and foreseeing a sustainable and prosperous future.

Conclusion

The Hong Hac City Project is not just a development initiative; it's a commitment to uplift living standards, foster community ties, and establish a sustainable environment that resonates with the cultural fabric of Vietnam. As Nomura Real Estate Vietnam moves forward, this project stands as a testament to a collaborative approach towards building better communities and enhancing the quality of life for residents in Bac Ninh Province and beyond.