Metro Star to launch 10-year capital multiplication scheme for key customers

Metro Star Investment Co., Ltd will launch a program titled “continuous capital multiplication in 10 years” for large customers joining its projects along six metro lines in Ho Chi Minh City.

The company, a subsidiary of realty developer CT Group, said Thursday that the launch is part of an event marking its 18th anniversary.

It will also announce a plan for the coming decade and kick off a sales program for properties near Metro Line No. 1 (Ben Thanh-Suoi Tien).

The company said in a release that the 18-year development journey of Metro Star was also marked with a special event: becoming the first enterprise in Vietnam to develop a series of projects along six metro lines in the southern economic hub.

Metro Star has continuously grown in terms of project scale, revenue and profit. The project scale has expanded from 6,000 square meters in 2014 to 18,000 sqm in 2016 and 252,000 sqm in 2023.

The company expects revenues to rise from VND600 billion ($24.6 million) in 2017 to VND6 trillion ($246 million) in 2024 and up to VND23 trillion ($943.1 million) in 2027.

Metro Star has gained appreciation for successfully developing and implementing projects along metro lines and preparing land funds along the six routes.

It plans an initial public offering (IPO) in 2024, presenting a modern, unique transit-oriented development (TOD) business model. The company stands out in the real estate market by virtue of some unique features including not having any outstanding bond debt or bank debt (as of June 2023). It has been audited by E&Y for many years.

CBRE, a global leader in real estate services and investments, has developed selling prices for its products, while international valuation agency Grant Thornton has valued Metro Star at VND133,000 ($5.45) per share.

The company has made careful preparations for tapping strong, sustainable development opportunities in the 2023-2033 decade.

Such planning makes it a "treasure" in today's volatile market, ready to help customers on a new journey with continuous capital multiplication in 10 years when they sign a companion agreement with Metro Star for all projects along the six metro lines and participate in its Green Star emissions reduction program. Customers will thus become comprehensive strategic partners and ambassadors of Metro Star in the journey towards mutual prosperity, the release said.

Metro Star Investment Co., Ltd

Hotline: 090 789 6565

Address: 360 Vo Nguyen Giap avenue, Phuoc Long A ward, Thu Duc city, Ho Chi Minh City