Almost 20 government actions, notably the amendment of the Land Law and the issuance of Resolution 1435.33, have met the requirements for policy improvement, removing legal obstacles and creating favorable conditions for the real estate market and investors. According to analysis from the Vietnam Real Estate Brokers Association (VARS), the new mechanisms are predicted to bring about many breakthroughs in the real estate sector in 2024. With the low record-breaking deposit interest rates from banks and a considerable amount of money being invested in this channel, a portion of it will flow towards other channels, including real estate.
Construction progress – evidence of NewstarGroup’s project quality
In the market recovery phase, real estate investors tend to be more selective. Currently, 80% of successful real estate transactions come from projects with a solid legal foundation and construction progress that meets the committed timeline (according to Savills Vietnam). One of the rare bright spots in the real estate market at the beginning of this year belongs to NewstarGroup with a series of projects that are gradually being completed. These projects are expected to contribute to the supply and create new attraction for the market in 2024.
The first project to mention is New Vegas – a commercial urban area by the sea in Ha Tien Border City, Kien Giang Province. The project covers an area of 7 hectares, including shophouses and luxurious resort villas inspired by the bustling city of Las Vegas. Recently, the project has completed its infrastructure and inaugurated the New Vegas Center – a complex of commercial, service, entertainment, and leisure facilities. With its unique concept, the New Vegas Center has attracted the attention of 10,000 residents from the West and tourists over the course of a 3-day grand opening. It has become one of the most captivating entertainment complexes in the Southwestern region and has demonstrated NewstarGroup’s capability in construction and product development.
Next is the New Orchard project – a long-term commercial townhouse located in the central industrial hub of Song Cong City, Thai Nguyen Province. According to the latest updates, the project has not only completed all infrastructure and landscaping, including two parks: Orchard Park and Sports Park but is also currently constructing 15 SH02 shophouses up to the 3rd floor.
The current real estate market shows that only reputable developers with transparency in legal matters, commitment to construction progress, and valuable products for living, business, and investment can gain customer trust. NewstarGroup has always maintained its position as a quality real estate brand by delivering truly valuable products to the market.
New Orchard – a project with consistent progress and comprehensive planning in Song Cong, Thai Nguyen
Based on the commercial hub Orchard Road in Singapore, New Orchard by NewstarGroup brings an extravagant project to the prime location of Song Cong City, Thai Nguyen Province. The project covers an area of 1.32 hectares, including 45 shophouses and a commercial center built and planned in complete harmony with Singaporean style.
The New Orchard shophouses consist of 3 floors and 1 mezzanine that are designed in a trendy classical style, aiming to be a versatile product for living and business. Despite the limited quantity of 45 units, this project features 2 parks with a total area of nearly 1000m2, including an outdoor sports park and Orchard Park. Moreover, the project also includes a 4781m2 commercial center, which includes a 3239m2 underground parking lot. The spacious underground parking lot of the project helps maintain urban aesthetics, ensuring safety and providing great convenience for business operations.
Construction site of Phase 2 of New Orchard project (taken on January 21, 2024)
In addition, New Orchard is managed by BRD Vietnam – a reputable unit with over 10 years of experience in operations and currently manages a series of high-end real estate projects such as Flamingo Dai Lai, Shantira Hoi An, among others. This is particularly significant in the context of the Song Cong & Pho Yen markets, where many large industrial zones are located and attract a significant number of foreign experts, but lack completed, well-planned, and properly operated projects like New Orchard.
Looking at what NewstarGroup has been doing with projects like New Vegas and New Orchard once again affirms that they not only have the commitment but also the strategic vision. Song Cong Thai Nguyen and Ha Tien Kien Giang are emerging markets with great potential, and NewstarGroup is the pioneering developer in these markets. They not only offer high-quality real estate products with value for residence and business but also provide sustainable added value in the future for property owners.
The project is located in Block A5 of the New Urban Area in Ha Tien City, Kien Giang Province.
