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Tokyu Corporation — Becamex Tokyu in Binh Duong and Izumi City partner

Tokyu Corporation is a Japanese railway and urban development group. In Vietnam, Tokyu holds 65% of the Becamex Tokyu joint venture, which has supplied about 3,000 homes in Binh Duong New City, and is Nam Long's partner in Izumi City.

Tokyu Corporation is a Japanese group that grew from railways and urban development along its lines; Tokyu's Tama Den-en-toshi urban area was started in 1953 and now covers about 5,000 ha. In Vietnam, Tokyu has brought this model to Binh Duong New City through the Becamex Tokyu joint venture, and since 2025 it has been an investing partner of Nam Long in Izumi City, Dong Nai. If you are looking for an apartment or townhouse in former Binh Duong, this is a company worth knowing.

About Tokyu Corporation in Vietnam

  • Becamex Tokyu joint venture: Becamex Tokyu Co., Ltd. was founded on 1 March 2012; Tokyu holds 65% and Becamex 35%, with investment capital of 8,600 billion VND. Its head office is in the WTC building, 1 Hung Vuong, Binh Duong Ward, Ho Chi Minh City.
  • Current owner: Becamex Tokyu is controlled by Tokyu Corporation (65%).
  • Scale: over about 15 years, Becamex Tokyu has supplied about 3,000 homes in TOKYU Garden City, Binh Duong New City. Including projects under construction, planned supply is nearly 5,500 units.
  • Beyond housing: the SORA gardens SC shopping centre, the Hikari area, the KAZE Shuttle bus service and serviced apartments.
  • Izumi City: in early November 2025, Tokyu completed the acquisition of 15.1% of the Izumi City project company from Nam Long.
  • Note on names: the Monrei Saigon project is developed by Mitsubishi Corporation and Tokyu Land Corporation. Tokyu Land Corporation is a different legal entity, not Tokyu Corporation.

Tokyu Corporation projects under development

MIDORI PARK The NEST — Binh Duong New City

Becamex Tokyu's sixth apartment project in TOKYU Garden City, on a site of about 11,000 m², with 2 towers and 972 apartments of 1 – 3 bedrooms (34 – 117 m²): the 16-storey WEST tower and the 25-storey EAST tower. The WEST tower topped out on 3 November 2026; the developer expects handover in 2027.

MIDORI PARK The TEN and HARUKA

The TEN has 300 apartments with an average size of about 110 m²; construction was completed in August 2026 and residents have moved in since October 2026. The HARUKA garden townhouse area (4 storeys, 3 bedrooms) has been developed since 2017; the final phase of 22 units broke ground on 28 October 2026, with handover expected from November 2027, bringing the total to 241 units.

SORA gardens

SORA gardens I (406 units) was completed in 2015 and SORA gardens II (557 units) in 2021. The 39-storey SORA gardens III, with 1,074 units, broke ground in 2025.

Izumi City — Long Hung Ward, Dong Nai

Nam Long's urban area of about 170 ha, developed with Hankyu Hanshin Properties and Tokyu Corporation; the legal developer is Dong Nai Waterfront City Co., Ltd. The Izumi Canaria sub-zone is selling townhouses and villas. See Izumi City price list and progress. See also Hankyu Hanshin Properties and Nam Long.

How HPR can help

HPR provides independent advice to buyers interested in Becamex Tokyu projects and Izumi City: comparing them with other apartment projects in former Binh Duong such as Monrei Saigon and Norton Park, helping you check the project's legal status before paying a deposit and calculating your home purchase cash flow. If you own an apartment in Binh Duong New City that you want to resell or rent out, HPR accepts real estate consignments.

HPR has not verified the prices and policies of Becamex Tokyu projects against official sources. Ask about prices, payment schedule and ownership term before deciding.

Considering a Becamex Tokyu apartment or an Izumi City townhouse? Leave your phone number — an HPR consultant will help you compare projects, check the legal status and work out your cash flow based on your budget.

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