Metro Star Investment Company Ltd. is preparing to pick secondary distributors for a major property project after HCMC authorities helped resolve some legal procedural bottlenecks.
The company, a subsidiary of realty developer CT Group, said it was utilizing the option of secondary distributors because recent financial turmoils in the real estate market had negatively impacted some agents and made it difficult to tap their capabilities.
It said that the Metro Star project’s sales team was eagerly waiting to see the next distributors for the project. “Though the market has been dormant for a while, demand for good products is always high.”
An illustration of Metro Star project in Thu Duc city, Ho Chi Minh City, southern Vietnam. Photo courtesy of CT Group.
As a result, the race for agents to become secondary distributors of the project is competitive. After several years of struggling due to the Covid-19 pandemic and related economic challenges, there was now growing hope among dedicated sales staff, the company said in a release.
It noted that there were very few projects in Ho Chi Minh City that had completed legal requirements and met conditions for sales, resulting in limited market supply.
This shortage of products had resulted in challenges for many businesses and sales teams. With a lack of inventory to sell, work became scarce and some people had to leave the profession.
In this context, official clearance of the legal status of the Metro Star project has become a “hot topic,” allowing the company to prepare for its sales launch in October 2023
This news is a ray of hope for agencies, distribution platforms and market sales teams. Dozens of agencies have swiftly submitted their applications to become official distributors for the project.
In addition to its complete legal status, the Metro Star project boasts several significant advantages. It is ideally located in a prime spot right on the frontage of Vo Nguyen Giap boulevard, one of the most beautiful boulevards in Thu Duc city.
The project also has a pedestrian bridge directly connecting to the Binh Thai metro station of the soon-to-be-completed Metro Line No.1.
Furthermore, the project’s building design incorporates the green architectural essence of Singapore, earning it the “Best Mixed-Use Architecture Design Vietnam 2022” award for having the most beautiful architectural design among mixed-use projects in Vietnam that year.
Another noteworthy factor is that Metro Star Company has 18 years of professional experience in developing apartments and shophouses. Currently, the company is dedicatedly preparing for the development of dozens of other projects along the six HCMC metro lines over the next 10 years.
This, in turn, not only presents a golden opportunity for sales teams, but also for customers who are the company’s strategic partners under a strategic cooperation plan to multiply capital over the next 10 years.
Agents are even more eager to be selected as distributors for the Metro Star project, as it offers them the chance to directly participate in a large endeavor involving the many metro lines that HCMC plans to build.
Metro Star Investment Company Ltd.
Hotline: 090 789 6565
Address: 360 Vo Nguyen Giap avenue, Phuoc Long A ward, Thu Duc city, Ho Chi Minh City, Vietnam.
