After its recent launch, The Grand Manhattan by Novaland has emerged as an ideal destination for the elite in both Vietnam and foreign countries by offering a luxury living environment at the heart of Ho Chi Minh City.
The Grand Manhattan creates a refined living environment for both local and foreign residents at the heart of District 1
From experienced foreign investors…
Elena Goh, a property investor from Singapore, is one of the first homeowners at The Grand Manhattan. She and her husband have been following Ho Chi Minh City’s real estate market for years. At the launch of the project, they quickly made up their mind without hesitation. The main reason is that the price of high-end apartments in Ho Chi Minh City is much lower than in other markets like Hong Kong. Meanwhile, rental yields in the city can reach 4-5 per cent, compared with the 1-2 per cent in Hong Kong.
With extensive experience in property investment, Elena Goh shared, “High-end properties in Hong Kong and Singapore offer guaranteed yields. Ho Chi Minh City is an emerging market, so properties are also expected to generate high rental yields. Furthermore, I have made investment in Novaland’s projects before, so I feel assured about this new investment.”
Amid the growing scarcity of land reserves in the city centre, The Grand Manhattan is deemed as “diamond” in the high-end residential segment. With a frontage onto Co Bac Street and Co Giang Street in the heart of District 1, The Grand Manhattan covers an area of 14,000 square metres. The project boasts a myriad of five-star resort amenities, including a shopping area and a ground floor park, swimming pool, BBQ area, sun lounges, parks, and 4,200 square metres of internal landscaping. Homeowners are extended the privilege of having parking lots in the centre of District 1. The parking lots not only meet the parking demand of second-home owners, but also contribute to the added value of the project.
Meanwhile, Ly Quoc Hung, a Dutch-Vietnamese buyer, said that, "I have invested in the local market and greatly prefer the Novaland brand. As a prestigious real estate company, Novaland is renowned for handing over its projects on schedule. Moreover, The Grand Manhattan boasts a convenient parking space for its residents. Hopefully, the project will be completed as committed and create an ideal living environment for our families in Vietnam.”
The Grand Manhattan proffers its residents a myriad five-star amenities
…to professional local investors
Actor-cum-businessman Chi Bao is also a homeowner at The Grand Manhattan. He said that after 10 years of living in the heart of District 1, he has gained a deep understanding of property value in the area. There is a strong demand for property in District 1 among foreign experts and businessmen. With regards to projects for CEOs, average rental cost is around $2,500-2,700 per unit, but they are always in scarcity. In addition, having a parking space in the heart of District 1 is one of the rare privileges in the market.
Speaking at the launching event of the model apartment, Tran Quang Hai Long and his family shared, “We choose The Grand Manhattan due to its prime location in District 1 with the magnificent view of Saigon River and the district neighbourhood. The model apartment with luxurious design, modern décor, airy space, and natural light will create a refined living environment for our family. Meanwhile, the smart home system will make life at The Grand Manhattan more convenient. On top of that, we expect the project will generate high yield of 25-30 per cent.”
On the same note, businesswoman Tran Trang Cam Tu from Tan Binh district said that this is a unique opportunity for her to own a property at the heart of District 1. Trang works in the export-import field, so she has many foreign partners visit her in Vietnam. The guests mainly stay at five-star hotels. Trang decided to buy The Grand Manhattan’s project to bring a more luxury living experience to her partners. This is a great way to introduce herself as well as show her hospitality to the guests.
It is obvious that The Grand Manhattan meets the highest demands for both luxury living and high yields for elite customers from the local and foreign markets. Indeed, the high-end residential segmentis more sustainable than other segments. The project not only satisfies the housing demand of successful residents with high social status but also becomes a new landmark to contribute to the changing facade of a young and dynamic Ho Chi Minh City.
The Grand Manhattan is expected to generate high yields for homeowners
Parking space in District 1 is one of the privileges for residents at The Grand Manhattan
The Grand Manhattan records a healthy take-up rate among both local and foreign buyers