The Hanoitimes - THT Development officially broke ground on
the biggest urban development project so far in Hanoi – the 2.5 billion USD
Starlake.
Invested by Daewoo E&C and
the Korea Development Bank (KDB), plans call for Starlake to become a modern
and environmental friendly urban area for 25,000 residents located in the west
of Hanoi.
The start of this large scale
project was among a wide range of activities to celebrate 20 years diplomatic
relations between Vietnam and South Korea.
According to Seo Jong Uk,
chairman of Daewoo E&C, the brand name of the project was very meaningful.
The Star represents for a symbol of a modern urban area and Lake represent for
the mark of Hanoi’s West Lake and friendly living environment close to nature.
“A brilliant star sparkling in
the sky of Hanoi and shinning on the waterfront ofthe West Lake represents the
state-of-the-art first class urban area by the West Lake,” said Uk.
“We aim to develop Starlake into
new model urban area of Vietnam which will represent for the future of Asian
cities,” said Uk.
Starlake is envisioned as a new
cultural hub with international commercial and financial centres that promote
trade and the building of cultural networks. The project is in step with
Hanoi’s master planning to 2030 with a vision towards 2050, as ratified by the
prime minister in 2011.
Especially cultural international
standard constructions which will be built in Starlake will be an exclusive
example for the close cultural exchange between Vietnam and Korea, as well as
international standard buildings will be offices for both two countries’
companies, he added.
Lee Kwon Sang, general director
of THT Development company, representing for the investors said that with the
brand name of Starlake the project will become a modern and Korean style urban
area with ideal and environmental friendly living standard.
“Starlake’s brand mark colour is
orange – the combination of yellow colour of Vietnam flag’s star and red colour
of luxury and sophistication symbolising the sunset on the West Lake, which
all together conveys a warm and thriving feeling,” said Sang.
According to Nguyen Huy Tuong,
Deputy Chairman of Hanoi Municipal People’s Committee, investors had seriously
studied the project and the implementation had been in a professional manner.
“We at local authority have
highly appreciated the efforts of the investors to start construction of the
project even right at the real estate market in its sluggish time, Tuong said,
adding that the local government and its relevant authorities would reserve
highest efforts to support the investors to push the project forward.
Starlake is built in a total area
of 207 hectares belonging to Xuan La ward of Tay Ho district, Nghia Do ward of
Cau Giay district and Xuan Dinh and Co Nhue wards of Tu Liem district.
The location is the nicest venue
of Hanoi boundary by busy wards and next to the West Lake. Via two railways
connected to the internal Hanoi centre, it takes only 10 minutes to get to
Starlake from downtown or Noi Bai International Airport. The future connections
can help Starlake become the major transaction centre of Asia.
In the total of 207ha, the
investors reserves 90ha for road, promenade, parks, trees and lakes, more than
25ha of open space projects for the public service activities of the city and
the new headquarters building departments will move on.
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