 Infrastructure changes the way we live. Better infrastructure is the building block of a better life. This is our philosophy. Hanoi's rising star. Star Lake Newtown is waiting for you. Hanoi, the capital of Vietnam, is one of the world's youngest and most dynamic cities and is currently transforming and advancing into the future. Vietnam's infinite potential is symbolized by the Tehote Newtown Development Project, also known as the Star Lake City Project. Vietnam is advancing forward to lead Asia, to support Vietnam's advancements into the global level, just as an artist fills their canvas with their art. We are building a new city at the heart of Hanoi. A city filled with stars. A city that embraces a lake. Star Lake Newtown is located to the west of West Lake, from the gateway at the Hanoi Bay International Airport to Hanoi. The area is a hub of traffic between two inner-city roads and two metro lines. Located only five kilometers from Hanoi's old city center and three kilometers from Lotte Hotel and Gyeongnam Landmark 72, offering quick and easy access to the global business complex, where approximately 100,000 people will work. Boasting an unmatched location, the 186.3 hectare Star Lake Newtown will realize a one-stop life that integrates residential, business, commercial and cultural functions all within the city. Heart of the Star Lake Newtown. Premier hotels, business facilities, R&D centers, shopping malls, supermarkets and various cultural facilities will be constructed in multifunctional buildings. And eight central government buildings are scheduled to be relocated to the center. In the administrative and diplomatic complex to the north, embassies of 15 countries, including the Embassy of the Republic of Korea, will be relocated, making Star Lake the true center of Vietnam's capital, Hanoi. The philosophy of eco-friendly construction that ensures a refined quality of life is embodied throughout Star Lake Newtown. The Peace Park and Friendship Park, which are built to celebrate 100 years of amity, the abundant green space, Central Plaza and artificial lake will add unmatched premium and a more elegant quality of life to West Lake. Star Lake Newtown is built using 100% Daewoo E&C capital. After the groundbreaking ceremony in 2012, Phase 1 of land compensation for 114.8 hectares of land began in 2014 and basic infrastructure was completed. The sales of the first villas began in July of 2016, leading to successful sales of 364 villas over four phases. After the first villas were completed in 2017, Daewoo E&C began providing complex management for the residents. In September 2018, sales of 603 apartment units occurred with the opening of the Model House. After successfully completing Phase 1 of residential development under the spotlight of the Vietnamese community, we have completed the sales of the site for hotels and commercial properties to investors, including leading Vietnamese developers, Korean corporations and global real estate developers. Sales and investment negotiations for the remaining commercial blocks are underway and to keep up this momentum, we have commenced Phase 2 of the development. The total area of Phase 2 of the development project, which is due to be completed by 2025, is 71.5 hectares. Starting with land compensation in 2019, 226 villas were resold in 2020. In 2022, 1,400 apartment units overlooking West Lake will be built and sold. In addition, commercial, business and school sites totaling to 9 hectares will be developed and by 2025, the Hanoi Star Lake New Town will be completed into the dream city we've always imagined. With strong finance, impeccable quality and commitment to ensuring a safe and timely completion, Daewoo ENC has earned unmatched trust in the global ENC industry. Based on this commitment, Daewoo ENC will develop Star Lake New Town, which embodies Vietnam's tradition and latest trends into the symbol of Vietnam's economic and cultural growth and a model benchmarked by other Asian cities. Star Lake New Town is waiting for you. Thanks for watching. Drop a like. Leave a comment. Please don't forget to subscribe our channel, Design Historics. Get more updated videos from now. Click on the bell button below to get notified. See you people in the next video. Till then, it's a bye from Design Historics Team.