Zone 1
LA4-T101, T102, T103, T116, T117, T202, T301, T302, SD02–SD06
- Ký HĐMB 10%
- T4/2026 10%
- T7/2026 10%
- T9/2026 10%
- Bàn giao 45%
- Sổ hồng 5%
Đại lộ Nguyễn Hữu Cảnh, phường Long Hưng, tỉnh Đồng Nai
A ~170ha integrated township of about 13,500 homes, developed by Nam Long Group together with three Japanese partners: Hankyu Hanshin Properties, Nishi-Nippon Railroad (NNR) and Tokyu Corporation.
Izumi City — registered under its legal project name Đồng Nai Waterfront — is planned across nine residential subdivisions with ~5.5km of river frontage. The subdivision on sale today is Izumi Canaria, a gated riverside and canal-side compound of 461 landed homes. Indicative prices start from 7,543,009,000 VND for a Nhà phố vườn (garden townhouse) in Zone 1. All figures on this page are quoted from developer documents and are indicative only.
The idea behind the name
Two characters, chosen by the Japanese partners, that set the tone for everything else.
The project brochure explains the name simply. 和 — read wa in Japanese — means calm, harmony, peace. 泉 — izumi — means a fountain, a spring, water rising from the ground. Together they describe what the developers set out to build beside the Đồng Nai River: a place that is quiet before it is impressive.
That intention shows up in the land budget rather than in adjectives. Around 20.1 hectares of the township is green space. About 6.1 hectares is water surface. Roughly 5.5 kilometres of the site faces the river.
There is no promise attached to any of this — no yield, no forecast, no comparison to other projects. It is simply how the land has been allocated, and it is the reason the streets inside Izumi Canaria are narrower and slower than the boulevards outside it.
Who is building it
A Vietnamese–Japanese joint venture, with the corporate details on record.
Nam Long Group was established on 16 November 1992 and is one of Vietnam's longer-standing listed residential developers. Its delivered township portfolio includes Mizuki Park, Waterpoint and Akari City — all of them, like Izumi City, developed with Japanese capital partners rather than as solo projects.
For Izumi City, three Japanese companies are involved on the partner side:
The project entity that signs contracts with buyers is Công ty TNHH Thành phố Waterfront Đồng Nai (DNWF), enterprise code 3600994581, legally represented by Ông Cao Tấn Thạch. DNWF holds the project under the legal name Đồng Nai Waterfront — which is the name that will appear on your permits, approvals and, eventually, your title deed, rather than the commercial name Izumi City. It is worth knowing this before you read the legal section further down the page.
Happy Land is an independent sales agent for this project. We are not the developer, and this site is not an official website of Nam Long Group or DNWF.
Master plan
Nine residential subdivisions, ~13,500 products and a planned population of about 25,000, organised around five linear axes.
Figures below are taken from the 2026 brochure edition, which the developer treats as current where older training material differs.
| Item | Planned figure |
|---|---|
| Total area | ~170 ha |
| Green space | ~20.1 ha |
| Commercial land | ~10.5 ha |
| Education land | ~7 ha |
| Water surface | ~6.1 ha |
| River frontage | ~5.5 km |
| Planned population | ~25,000 residents |
| Total products | ~13,500 |
| Residential subdivisions | 9 |
Only two of the nine subdivisions are named in the released material: Izumi Gardenia and Izumi Canaria. The remaining seven are shown on the master plan without commercial names.
The township is structured around five development axes:
Note that separate figures appear in the legal file: the DNWF project scope is stated as approximately 169.4ha in document 3785/SoXD, while the environmental impact assessment (1630/QĐ-UBND, 22 May 2020) covers 154.566ha with a population of 19,600. Both are correct within their own documents. Master plan content is indicative and may be adjusted by the competent authorities.
The subdivision on sale
Tiểu khu P3–Khu 2: ~13.6ha, 461 homes approved for sale, gated, with about 1km of water frontage inside the compound.
Izumi Canaria is the phase currently being sold. It is a closed compound bounded by the river on one side and an internal canal on the other, with 24/7 security across four layers.
| Item | Figure |
|---|---|
| Total area | ~13.6 ha (2026 edition; the Q&A file states 13.96ha, the building permit covers 16.68 of 17.11ha) |
| Park | 2.04 ha |
| Water frontage inside the compound | ~1 km |
| Building coverage ratio | 30% |
| Units approved for sale | 461 |
| Clubhouses | 2 (Canaria Club and Neighborhood Club, residents only) |
The 461 units, as certified in document 3785/SoXD, break down as 326 nhà ở liên kế (terraced townhouses), 49 nhà ở liên kế mặt phố (shophouses) and 86 biệt thự song lập (semi-detached villas).
Water and roads inside the compound: the canal runs about 300m at 15–18m wide; the river section runs 486m at 20–25m wide, with reinforced concrete embankment. Main roads are 20m wide (12m carriageway plus 4m pavements), the central spine is 16m, and secondary streets are 11m.
Zones and handover dates. Payment terms differ by zone, so the zone matters as much as the house type:
Plot codes follow the pattern LA4-Tnnn for townhouse blocks and LA4-SDnn for semi-detached villa blocks; an individual home is written, for example, LA4-T113.05 — plot 05 in block T113. Contractual handover timing is fixed in the sale and purchase agreement (HĐMB), not on this page.
Homes
Two architectural styles — Đương đại (contemporary) and Nam Âu (Southern European) — across townhouses, shophouses and villas.
The 2026 brochure documents the following typical plans (pages 30–47). Land dimensions are frontage × depth; floor area is gross constructed area.
| Code | Type | Land dimensions | Land area | Floor area | Style |
|---|---|---|---|---|---|
| TH1 | Nhà phố vườn | 7 × 19.5m | 137–143 m² | 185.37 m² | Nam Âu |
| TH3 | Nhà phố vườn | 8 × 20.5m | 164 m² | 188.99 m² | Nam Âu |
| TH4-01A | Nhà phố vườn | 6 × 19m | 114 m² | 152.81 m² | Đương đại |
| TH5 | Nhà phố vườn | 8 × 20.5m | 164 m² | 188.16 m² | Nam Âu |
| TH6 | Nhà phố vườn | 9 × 20.5m | 184 m² | 234.44 m² | Nam Âu |
| TH7 | Nhà phố vườn | 6 × 19m | 114 m² | 161.51 m² | Nam Âu |
| TH8 | Nhà phố vườn | 6 × 19m | 114 m² | 156.27 m² | Nam Âu |
| TH9 | Nhà phố vườn | 6 × 19m | 114 m² | 118.31 m² | Nam Âu |
| SH19 | Shophouse | 6 × 19m | ~114 m² | 275.90 m² | Đương đại |
| SD1 | Biệt thự song lập | 12 × 20.5m | 234–246 m² | 242.48 m² | Nam Âu |
| SD2 | Biệt thự song lập | 12 × 20.5m | 246 m² | 272.48 m² | Nam Âu |
| SD3 | Biệt thự song lập | 12 × 20.734m | 247–335 m² | 275.51 m² | Nam Âu |
| V1 | Biệt thự đơn lập | 12 × 20.5m | 246 m² | 232.37 m² | — |
By category, using the 2026 edition storey counts: Nhà phố thương mại (shophouse) 114–124m² land, 275–305m² floor area, 4 storeys. Nhà phố vườn (garden townhouse) 99–184m² land, 118–234m² floor area, 3 storeys. Biệt thự (villa) 234–534m² land, 248–337.79m² floor area, 3 storeys. Older training material shows 3.5 and 2.5 storeys respectively; the 2026 figures are the ones used here.
A lowercase suffix on a code (TH1f, SD1a, TH3b) marks a variation of the same plan — a corner plot or a mirrored orientation.
Two points to read before you look at any floor plan. First, V1 and V2 (Biệt thự đơn lập) do not appear in the current stock master file; treat them as enquiry-only until availability is confirmed in writing. Second, the drawings carry an explicit note that interior fit-out is not part of the handover — sanitary fittings, partitions, masonry walls and kitchens shown in dashed lines are illustrative only.
Daily life
Two residents-only clubhouses, everything within a 200m walk, and a British school five minutes away.
Canaria Club houses a reception, gym and yoga studio, indoor and outdoor cafés, showers and lockers, a convenience store and the management office, with a children's playground, multi-purpose court, adult and children's pools and BBQ areas outside.
Neighborhood Club is the smaller second clubhouse — reception, café, showers and lockers, plus a playground, multi-purpose court, landscape pool and BBQ area.
Elsewhere in the compound: pocket parks, a linear garden, outdoor fitness stations, a kayak launch, Canal Front Plaza, a landscape bridge, a yacht jetty and a small marina. The layout is planned so that facilities sit within a 100m walk (about 1.5 minutes) or 200m (about 3 minutes) of homes.
Security is specified in four layers, operating 24/7: facial recognition, ANPR licence-plate reading, AI PTZ cameras, video intercom, swing barriers, visitor QR codes, AI pool surveillance and dumping detection. Perimeter treatment is a 2m VRC steel mesh fence (with an angled arm on the riverside), 2.4m masonry walls, and a 1.1m VRC mesh with 0.5m planting along the canal bank.
Education. Uppingham School — founded in England in 1584, around 450 years of history — is planned on a 6.7ha campus about five minutes from Izumi City, with 1,900 places in its first phase and opening scheduled for the 2027–28 academic year. Note that the brochure gives 6.1ha and 2028–29; the figures here follow the current edition. School opening dates are set by the school operator and may change.
Location
Đại lộ Nguyễn Hữu Cảnh, phường Long Hưng, tỉnh Đồng Nai — on the eastern side of the Đồng Nai River, between Biên Hòa and Long Thành.
Travel times below are the developer's stated estimates by car under normal conditions. Anything marked as planned is not yet in operation, and completion dates for public infrastructure are set by the authorities, not by the developer.
Connecting infrastructure. Cầu Long Hưng will link Ring Road 3 directly to National Highway 51 (construction planned to start in 2026). Hương lộ 2 connects Highway 51 to the HCMC–Long Thành–Dầu Giây expressway, which is planned for widening to 8–10 lanes with completion targeted for 2 September 2026. The Bến Thành–Long Thành Airport metro is planned at 62km in total, of which 41.4km falls in Đồng Nai, with construction planned to begin in 2026. The Biên Hòa–Vũng Tàu expressway (77km) is targeted for end-2026 at around 70% progress; Bến Lức–Long Thành (57.8km) stands at about 90%. Ring Road 3 (76km) is targeted for 2026 and Ring Road 4 (200km) is phased for 2025–2028. Cầu Nhơn Trạch on Ring Road 3 opened on 27 April 2025.
The brochure counts the following in the wider catchment: 1 airport, 2 metro lines, 2 ring roads, 6 expressways, 8 bridges connecting to HCMC, 19 ports, 10+ industrial parks, 14+ schools and 18+ medical facilities. A bus route between Sala Thủ Thiêm and Izumi City is also planned.
See it as it is
Drone footage and site photography kept separate from renderings, plus the recorded construction timeline.
Every image on this site is captioned either Hình ảnh minh họa (artist's impression) or with the month and year it was photographed. Renderings are not evidence of what has been built; site photography is.
Recorded progress (document 3785/SoXD, 16 October 2025):
Handover record. Izumi Gardenia was handed over in November 2025 — 275 units, with title deeds issued and 17 units remaining in stock. For Izumi Canaria, handover is scheduled for November 2026 (Zone 1), November 2027 (Zone 2) and November 2028 (Zone 3).
What handover includes. Reinforced concrete river embankment to urban standards; pavements in interlocking block over compacted crushed stone (K=0.95), with 1.4m-square tree pits at 10–15m spacing and step-free ramps. The technical design is by CÔNG TY TNHH MTV TƯ VẤN THIẾT KẾ VÀ XÂY DỰNG THÁI LONG. Interior fit-out is not included — sanitary equipment, partitions, masonry walls and kitchen units shown on the drawings are illustrative and are not handed over.
Prices
From the developer's stock master file dated 10 August 2026, covering 286 units. All figures are giá bán dự kiến — indicative prices.
| Zone | Product type | Units available | Land area | From (VNĐ) |
|---|---|---|---|---|
| Zone 1 | Garden townhouse | 87 | 111–164 m² | 7.543.009.000 – 14.512.730.000 |
| Zone 1 | Shophouse | 1 | 114 m² | 9.221.311.000 |
| Zone 1 | Semi-detached villa | 12 | 234–261,59 m² | 16.399.619.295 – 25.197.529.000 |
| Zone 1 | Semi-detached villa | 25 | 234–351,7 m² | 15.809.233.000 – 30.831.741.000 |
| Zone 2 | Garden townhouse | 83 | 111–120,5 m² | 8.600.684.000 – 10.182.414.000 |
| Zone 2 | Shophouse | 6 | 113,99–114 m² | 10.291.124.000 – 10.716.237.000 |
| Zone 3 | Garden townhouse | 49 | 111–120,5 m² | 8.908.584.000 – 10.547.954.000 |
| Zone 3 | Shophouse | 10 | 114 m² | 10.659.541.000 – 11.234.742.000 |
| Zone 3 | Semi-detached villa | 13 | 248,93–533,73 m² | 27.274.821.000 – 51.838.777.000 |
Indicative price (giá bán dự kiến). In VND, VAT included, 1.5% maintenance fund excluded, before discount. Reference information only, not a commitment. Subject to change.
| Zone | Type | Units | Land area | Indicative price (VND) |
|---|---|---|---|---|
| 1 | Nhà phố vườn | 87 | 111–164 m² | 7,543,009,000 – 14,512,730,000 |
| 1 | Nhà phố thương mại | 1 | 114 m² | 9,221,311,000 |
| 1 | Biệt thự song lập | 12 | 234–261.59 m² | 16,399,619,295 – 25,197,529,000 |
| 1 | Nhà biệt thự song lập | 25 | 234–351.7 m² | 15,809,233,000 – 30,831,741,000 |
| 2 | Nhà phố vườn | 83 | 111–120.5 m² | 8,600,684,000 – 10,182,414,000 |
| 2 | Nhà phố thương mại | 6 | ~114 m² | 10,291,124,000 – 10,716,237,000 |
| 3 | Nhà phố vườn | 49 | 111–120.5 m² | 8,908,584,000 – 10,547,954,000 |
| 3 | Nhà phố thương mại | 10 | 114 m² | 10,659,541,000 – 11,234,742,000 |
| 3 | Nhà biệt thự song lập | 13 | 248.93–533.73 m² | 27,274,821,000 – 51,838,777,000 |
For reference, Izumi Gardenia TH2-type homes were quoted at 9,470,287,000 – 11,202,431,000 VND in an October 2025 reference file (land 140–164m², floor area 155.64–210.52m²). That file is marked tham khảo — for reference — and Gardenia has since been handed over.
Please read this with the table above:
Availability
29 units in the active selling list as of the August 2026 IZM_P3 file, plus 17 remaining at Izumi Gardenia.
| Zone | Product type | Units available | From (VNĐ) |
|---|---|---|---|
| Zone 1 | Garden townhouse | 7 | 8.554.635.000 – 12.516.101.000 |
| Zone 1 | Semi-detached villa | 8 | 16.399.619.295 – 25.197.529.000 |
| Zone 2 | Garden townhouse | 11 | 9.177.365.000 – 9.254.398.000 |
| Zone 3 | Garden townhouse | 3 | 9.524.621.000 – 9.585.082.000 |
Indicative price (giá bán dự kiến). In VND, VAT included, 1.5% maintenance fund excluded, before discount. Reference information only, not a commitment. Subject to change.
| Zone | Type | Units | Indicative price (VND) |
|---|---|---|---|
| 1 | Nhà phố vườn | 7 | 8,554,635,000 – 12,516,101,000 |
| 1 | Biệt thự song lập | 8 | 16,399,619,295 – 25,197,529,000 |
| 2 | Nhà phố vườn | 11 | 9,177,365,000 – 9,254,398,000 |
| 3 | Nhà phố vườn | 3 | 9,524,621,000 – 9,585,082,000 |
Izumi Gardenia has 17 units remaining from the 275 handed over in November 2025, with title deeds issued.
How to read a plot code. Canaria townhouse blocks are LA4-T101 through T122, plus T202, T301 and T302. Canaria semi-detached villa blocks are LA4-SD02 through SD09. Gardenia plots use the LA11-Tnnn prefix. An individual home reads as LA4-T113.05.
Booking deposit. For Biệt thự song lập the standard booking amount is 500,000,000 VND, rising to 1,000,000,000 VND for riverside plots. Booking terms are set by the developer and are subject to the deposit regulations in force at the time.
Unit counts and prices in this section move daily as bookings are placed and released. Nothing here should be treated as confirmed availability — message us on Zalo and we will check the live list against the plot code you are interested in.
Terms
Three payment schedules matched to the three handover zones, from the March 2026 policy edition.
LA4-T101, T102, T103, T116, T117, T202, T301, T302, SD02–SD06
LA4-T104, T105, T106, T113, T114, T115, T118, T119, T120
LA4-T107–T112, T121, T122, SD07–SD09
Zone 1 (contract March 2026, handover November 2026). Standard: 10% on contract → 10% in April → 10% in July → 10% in September → 45% at handover → 5% on title deed. Early full-payment option: 10% on contract → 5% in May → 5% in July → 5% in September → 70% → 5% on title deed, with an immediate 5% incentive. Interest support (HTLS) runs 19 months.
Zone 2 (effectively 20 months). 10% on contract → 10% at +1 month → 5% at +5 → 10% at +9 → 10% at +13 → 10% at +17 → 45% at handover → 5% on title deed, with a 1% immediate incentive.
Zone 3. 10% on contract → 10% at +1 month → 5% at +5 → 5% at +9 → 5% at +13 → 10% at +17 → 10% at +21 → 10% at +25 → 10% at +29 → 25% at handover → 5% on title deed, with a 1% immediate incentive.
2026 special incentives. Biệt thự song lập: 3% in Zone 1, 1% in Zone 2, 1% in Zone 3. Nhà phố vườn: 1% in Zone 3.
Financing (Zone 1, 2026 edition). Up to 70% loan-to-value, tenor up to 35 years, with the developer covering interest up to 9% per annum for 19 months, principal grace of up to 19 months, and support capped at 65% of the contract value. Indicative rates quoted at 8.4–9.4%. Partner banks: Vietcombank, BIDV, Vietinbank, ACB, OCB and HongLeong Bank; OCB is the guarantee bank for phase 2. Loan approval, rate and tenor are decided by the bank on its own assessment.
Other terms. An Early Bird discount of 3% applies to the first 100 units in Canaria. Multiple purchases: 1% for two units, 2% for three or more. Management and operating fees are waived from the date of the first handover notice until 30 November 2029, conditional on paying in full and taking handover within the stated deadlines. After that, the management fee is indicated at 22,000–25,000 VND/m² (excluding VAT, subject to change). The 1.5% maintenance fund sits outside the payment percentages and is collected at the handover instalment.
Sales policy is issued by the developer and changes between editions. The terms binding on you are those written into your HĐMB.
Indicative price (giá bán dự kiến). In VND, VAT included, 1.5% maintenance fund excluded, before discount. Reference information only, not a commitment. Subject to change.
Legal
Document numbers and dates, listed as issued.
Eligibility for sale
Construction permits (GPXD)
The 461 dwellings themselves fall within the construction-permit exemption under Article 89.2(h) of Construction Law 62/2020/QH14, as amended by Article 56.1 of Law 95/2025/QH15.
Investment
1/500 detailed planning
Land and other approvals
Delivery. Izumi Gardenia — November 2025, completed. Izumi Canaria — Zone 1 November 2026, Zone 2 November 2027, Zone 3 November 2028. The binding handover date for any individual home is the one written into its HĐMB.
We can send copies of the documents listed above on request. Independent legal review before signing is always the right call.
Questions
According to the developer's stock master file dated 10 August 2026, indicative prices start at 7,543,009,000 VND for a Zone 1 Nhà phố vườn (111–164m² land) and run up to 51,838,777,000 VND for the largest Zone 3 semi-detached villas (248.93–533.73m²). Zone 2 garden townhouses are indicated at 8,600,684,000–10,182,414,000 VND. All amounts are giá bán dự kiến — indicative selling prices — in VND, including VAT, excluding the 1.5% maintenance fund, and stated before discounts. They are reference information, not a formal commitment, and they change. Message us on Zalo for the current version.
The August 2026 selling list shows 29 units: 7 Nhà phố vườn and 8 Biệt thự song lập in Zone 1, 11 Nhà phố vườn in Zone 2 and 3 in Zone 3. Izumi Gardenia has 17 units remaining from the 275 handed over in November 2025. Availability changes daily as bookings are placed and released, so send us the plot code you are interested in — for example LA4-T113.05 — and we will check it against the live list.
It depends on the zone. Zone 1 standard: 10% on contract, then 10% in April, July and September 2026, 45% at handover and 5% on title deed. Zone 2 spreads roughly 20 months: 10% on contract, 10% at +1 month, 5% at +5, then 10% at +9, +13 and +17, 45% at handover, 5% on title deed. Zone 3 runs to 36 months with ten instalments before a 25% handover payment and 5% on title deed. The 1.5% maintenance fund sits outside these percentages and is collected at handover. The terms binding on you are those written into your HĐMB.
Izumi Canaria hands over by zone: Zone 1 in November 2026, Zone 2 in November 2027 and Zone 3 in November 2028. Izumi Gardenia was handed over in November 2025 with title deeds issued. The contractual handover date for an individual home is fixed in its sale and purchase agreement (HĐMB), not by the marketing schedule — check that clause before signing.
In general terms, Vietnamese housing law permits foreign individuals who enter Vietnam lawfully, and foreign-invested entities, to own housing in commercial housing projects, subject to quotas — a cap on the share of apartments in any one building and a cap on the number of landed houses per ward-level administrative unit — and to a 50-year ownership term that may be extended. Izumi Canaria consists of landed houses, so the per-ward quota is the relevant one, and the foreign quota for this project may or may not still be open. This is general information, not legal advice. Before paying any deposit, ask DNWF in writing whether the specific plot is available to a foreign buyer, and have an independent Vietnamese lawyer review the position. Overseas Vietnamese are treated differently under the law and should confirm their own status.
The project's legal name is Đồng Nai Waterfront, developed by Công ty TNHH Thành phố Waterfront Đồng Nai (enterprise code 3600994581). Izumi Canaria's 461 homes were certified eligible for sale by document 3785/SoXD-QLN&TTBĐS on 16 October 2025. Construction permit 22/GPXD was issued on 20 June 2025 for P3-Khu 2. The 1/500 plan was most recently revised by 3784/QĐ-UBND on 16 June 2025. Thirty-three land use right certificates were issued on 10 March 2015 and released from mortgage by OCB on 30 September 2025. We can send copies of these documents on request.
The final 5% of the purchase price falls due on issuance of the title deed, which is the standard structure across all three zones. Izumi Gardenia, handed over in November 2025, has had its title deeds issued — that is the closest available precedent for how the process has actually run on this project. Issuance timing depends on the competent authorities, so no date can be guaranteed in advance.
Management and operating fees are waived from the date of the first handover notice until 30 November 2029, conditional on the buyer paying in full and taking handover within the stated deadlines. After that period the fee is indicated at 22,000–25,000 VND/m² excluding VAT, and is subject to change. Separately, the 1.5% maintenance fund is a one-off payment collected at the handover instalment and is not part of the payment percentages.
No. The drawings carry an explicit note that all indoor fittings shown in dashed lines — sanitary equipment, partitions, masonry walls, kitchen units — are illustrative and are not handed over. What is delivered is the completed structure plus the external works: reinforced concrete embankment, interlocking-block pavements with 1.4m tree pits at 10–15m spacing, and step-free ramps. Budget for fit-out separately.
For Zone 1 under the 2026 policy, financing is offered at up to 70% of value for a tenor of up to 35 years, with the developer covering interest up to 9% per annum for 19 months, a principal grace period of up to 19 months, and support capped at 65% of the contract value. Indicative rates are quoted at 8.4–9.4%. Partner banks are Vietcombank, BIDV, Vietinbank, ACB, OCB and HongLeong Bank, with OCB acting as guarantee bank for phase 2. Approval, rate and tenor are decided by the bank on its own assessment.
For Biệt thự song lập, the standard booking amount is 500,000,000 VND, rising to 1,000,000,000 VND for riverside plots. Booking terms and refund conditions are set by the developer and follow the deposit regulations in force at the time — read the booking notice carefully before transferring anything.
Vietnam's 2025 administrative reorganisation changed the designation. The current address is Đại lộ Nguyễn Hữu Cảnh, phường Long Hưng, tỉnh Đồng Nai. Older documents, including some permits, show xã Long Hưng, TP. Biên Hòa, tỉnh Đồng Nai. Both refer to the same location; use the current form for anything new.
The questions buyers actually ask — then the price list, floor plans and current availability sent to you on Zalo.
Happy Land is an independent sales agent. This site is not an official website of Nam Long Group or DNWF.