Real estate in the West Lake area is becoming more and more exciting in the past 5 years. With a prime location, low population density and close to the arterial roads connecting to Noi Bai airport, this is expected to be a new downtown area in the inner city with a vision to 2030.
Starlake - The famous new urban area
In which, Starlake urban area is one of the two main components of the west of West Lake area (along with Ciputra urban area) under the development hand of foreign enterprises, namely the leading Korean company.
StarLake Tay Ho Tay project overview
StarLake Tay Ho Tay owns a strategic location connecting with the center of the capital. Located in a prime golden position, full of spiritual elements, smooth land, convenient transportation. Administrative territory:
- Xuan La Ward - Tay Ho District
- Nghia Do Ward - Cau Giay District
- Xuan Tao and Co Nhue wards - Tu Liem district.
StarLake Tay Ho Tay project owns a strategic location connecting with the center of the capital.
Located right at a convenient location, is one of the "golden" projects of the western gateway of Hanoi. Urban areas have an ideal distance of only:
- Hoan Kiem Center: 5km
- Noi Bai Airport: 14km.
Due to the key city traffic development system, the project here becomes the new administrative center of Hanoi, a new destination for diplomatic missions, international trade, cultural exchanges, etc.
In addition, from the project easy access to the routes:
- Ring Road 2 Nhat Tan Bridge
- Ring Road 2.5 West of Hanoi
- Ring Road 3 Thang Long Bridge
- Urban Railway No. 2
- Urban railway No. 4.
Convenient location of the project
The sides of the StarLake Tay Ho Tay project have sides adjacent to:
- East: Adjacent to the planned ring road 2, open to Vo Chi Cong street leading to the direction of Nhat Tan bridge.
- West: Adjacent to the planned road with a cross section of 40m connecting to Pham Van Dong street, easily accessible to Noi Bai Airport
- South: Adjacent to the planned road with a cross section of 40m, connecting directly with Hoang Quoc Viet road.
- North: It is located adjacent to the planned road of Ngoai Giao Doan area and connected to Hoang Ton street
The design of StarLake Tay Ho Tay project is full of features with an area of over 186.32 hectares connected to the large green space of West Lake, along with the arterial traffic axis towards Noi Bai Airport.
The investor of the new urban area StarLake, Daewoo E&C Group, has oriented this place to be one of the most luxurious and luxurious places to live in Asia. In the near future, it will become a model as well as a symbol of a quality, modern and classy urban residential area in Vietnam.
The investor of the new urban area StarLake is Daewoo E&C corporation
This new urban area is designed by leading experienced experts and is expected to change the face of the people of the capital because of the green living environment, close to nature, many synchronous utilities and other amenities.
Starlake - Tay Ho Tay New Urban Area earns several thousand billion dong per year The project of investor Daewoo E&C (Korea) is built on an area of 186 hectares, of which 84% of the area is for green space. According to the plan, this will be the place to move to Government agencies, embassies, cultural works ...
In Vietnam, Daewoo E&C assigns THT Development Co., Ltd (100% ownership) as the unit responsible for project development.
Perspective of Tay Ho Tay urban area. Source: Starlake
In fact, Starlake has been licensed to invest since 2006, but only started construction of phase 1 infrastructure in 2014 after completing legal procedures and site clearance. Two years later, THT started selling the first products, the villas phase 1, phase 2 (phase 1) with a total of nearly 250 units. In 2017, the company sold nearly 50 villas in the third phase and handed over the previous phases. In 2018, Starlake opened for sale the first apartment project (total 603 units), and sold the fourth phase of villas (66 units).
The process of building Starlake infrastructure phase 2 started from 2019. This year THT has opened the first phase of villas for sale, and is expected to hand over phase 1 apartments to customers in October.
The development of the Starlake project is reflected in the business results of THT company year by year. According to collected data, THT started to record revenue from 2017, but last year brought in 6,830 billion dong in revenue and 2,876 billion dong in profit after tax. This result is superior to the previous two years.
Starlake's performance is quite impressive and growing over time with gross margin last year reaching 54%, almost double from 2018.
Business results of THT Development Co., Ltd from 2017 - 2019
Just taking the first steps, however, Starlake has shown the profit potential is very clear. Besides developing its own projects, the company creates infrastructure to attract investment in other large projects.
In March 2020, Samsung Vietnam started construction of the Research and Development (R&D) Center at Starlake. The project with an investment scale of about USD 220 million is expected to be completed in 2022. Also in this period, Edufit Group also started the construction project of Sakura Montessori Preschool - Gateway Tay Ho Tay PTLC School on an area of 2 hectares. The project is expected to be completed in December 2020, and will welcome students to school in the second semester of the 2020-2021 school year.
In addition, at Starlake, investor Daewoo E&C also cooperates with many domestic and foreign enterprises to develop 5-star hotel projects, Grade A offices, commercial centers, entertainment, food and sports facilities. gather famous brands in modern Korean urban style.