The Legal Difficulties of Metro Star Project Have Been Cleared, All Hard Things Shall Pass
May 17 2024 - 5:10AM
On April 3rd, the People's Committee of Thu Duc City approved the
Decision to approve the updated investment policy and investment
approval for the Metro Star project.
According to Decision No. 4498/QD-UBND dated
April 3, 2024, the Metro Star project at 360 Vo Nguyen Giap
Boulevard (Thu Duc City) has a maximum height of 30 floors and
3,453 residents. Previously, in Decision No. 1757/QD-UBND dated May
8, 2019, the project was also approved by the City People's
Committee with 1,467 apartments in Ho Chi Minh City's housing
development.
This is great news not only for the investors
but also for the contractors, housing agencies, staff, and workers
who have patiently waited through multiple rounds of documentation
for 3 years at various Departments, Inspectorates, Auditors, and
the Ho Chi Minh City People's Committee until being handed over to
the Thu Duc City People's Committee since August 2023 to sign under
the decentralization of Decree 98.
"We have been anticipating this Decision for
many years. The difficulties will soon pass..." - A representative
of the Metro Star project investor shared.
Metro Star project
It is known that Metro Star, developed by Metro
Star Investment Corporation with meticulous preparation over the
past 18 years, is one of the first projects in more than 50 Green
TOD projects located adjacent to major metro stations along 8 metro
lines in Ho Chi Minh City. Metro Star project is currently highly
appreciated by the market thanks to its many advantages from its
prime location right at the intersection of Vo Nguyen Giap
Boulevard - the most beautiful boulevard in Thu Duc City, with a
pedestrian bridge directly connecting to Binh Thai metro station
(metro line 1). From here, it only takes 10 minutes to reach the
center of District 1. At the same time, the building design, imbued
with the green architectural style of Singapore, has helped Metro
Star win the "Best Mixed-Use Architecture Design Vietnam 2022"
award.
This year, the supply of apartments is super low
due to legal barriers. Therefore, the observers of the industry
anticipate that the launch of Metro Star will be very special and
highly anticipated throughout the year...
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Hotline: (+84) 90 789 65 65
Website: https://metrostar.vn/
Email: support@metrostar.vn