The real estate market has been abuzz recently over a 10-year compound interest program launched by Metro Star Investment Co., Ltd for major customers, offering high returns on their investments.
The company, a member of the CT Group, has set itself apart in the industry with such unprecedented schemes and unique business models like developing a chain of projects along six metro routes in Ho Chi Minh City.
Metro Star’s development roadmap has been drawn up with careful preparation, utmost professionalism and readiness of all resources over the past 18 years to generate strong, sustainable development opportunities over the next 10 years.
Four factors
Firstly, since its establishment in 2005, Metro Star has closely followed the city’s development map and come up with a plan to develop a chain of projects along six planned metro lines in Ho Chi Minh City, becoming the first company in Vietnam to pursue this unique business model.
Working quietly, it prepared golden land funds next to major stations along these routes.
The company’s project scale has increased continuously over time, from 6,000 square meters in 2014 to 18,000 square meters in 2016 and 252,000 square meters in 2023. It has put to good use the 18 years of experience it has amassed in developing apartments and shophouses along metro lines.
Among such projects are the: Metro Star, located on Vo Nguyen Giap avenue in Thu Duc city, with a pedestrian bridge directly connected to Binh Thai metro station on Metro Line No. 1; Metro City near Metro Line 3A; SS1, which is connected to station No. 9 of Metro Line No. 2 by a tunnel; Metro No. 9, adjacent to Metro Line No. 2; and CT Plaza Riverside along Metro Line 3B.
Metro Star Company with a unique business model, develops a series of projects along 6 metro lines in Ho Chi Minh City
Secondly, in parallel with the plan to develop a chain of projects along the metro lines, Metro Star is also preparing for an initial public offering (IPO) in the international market next year. It has gained international acclaim for its business model, experience, foresight in creating land funds next to metro stations, transparent finances and robust financial health.
In addition, Metro Star has been audited for many years by E&Y and had its products’ prices set by CBRE, a global leader in real estate services and investments.
Thirdly, Metro Star’s capital multiplication commitment is affirmed through the projects that it has implemented. Big customers accompanying the company in the I-Home Go Vap project have enjoyed a 300% profit and those who bought apartments in the first phase of the Metro Star project have seen a profit of 100%.
All projects implemented by the firm have continuously increased in value. The company has also successfully entered into international joint ventures, sharing 100% of its profit and fully refunding investments and profit to partners and investors in Singapore.
Creating conditions for large customers to join the company’s projects not only delivers manifold benefits to them, but also accelerates the process of transparency and socialization as part of its Environmental, Social, and Governance (ESG)-based sustainable development strategy.
Fourthly, Metro Star has emerged as an outstanding symbol of green and sustainable development according to the ESG standards. It has a long-term vision that follows the global trend towards net-zero emissions. This includes developing subways as a means of public transportation to reduce tens of thousands of motorbikes and cars on the road, thereby reducing CO2 emissions.
Over the next 10 years, the company plans to deploy dozens of projects along HCMC’s six metro lines and develop urban areas in a very new direction – green transit oriented development (TOD). This model promotes green transportation by encouraging people to take metro trains and reduce emissions from personal vehicles.
In parallel, it engages in widespread social and corporate governance activities meeting international standards. These are made transparent by the Big 4 auditing firms (Deloitte, E&Y, PwC and KPMG). Therefore, its projects are valued by leading international organizations. This is a sustainable development value chain.
In architecture and construction, Metro Star has developed a series of projects based on IFC Edge, a green building certification system focused on making buildings more resource-efficient and applying green energy sources such as solar and wind energy, thus creating green living spaces that meet ESG standards.
For example, the Metro Star project won the “Best Mix-Use Architecture Design” award at the Dot Property Vietnam Awards 2022. In the next 10 years, more than 50 projects will be developed along the six metro lines.
In sum, Metro Star executes projects that are very suitable for people keen on following a new lifestyle in modern cities that is sustainable, environmentally friendly and facilitates continuous multiplication of customers’ investment capital.
The Metro Star project wins the “Best Mix-Use Architecture Design” award at the Dot Property Vietnam Awards 2022.
As HCMC completes the construction of at least six metro lines connecting the city’s 24 districts, creating a comprehensively connected public transportation network, property values along the metro routes will increase not just once but many times as has happened in Hong Kong, Japan and Singapore, where real estate value is measured by how many minutes it takes to get to the metro station.
