16 Tháng Mười Hai, 2022

Novaland Brings World Class to Vietnam with Luxury Residents Complex the Grand Manhattan

Ho Chi Minh City–(Newsfile Corp. – March 7, 2022) – Vietnam’s premier real estate developer Novaland announces Luxury residents complex The Grand Manhattan.

The burgeoning middle-and upper-classes along with the inflow of foreign talents emerging in Vietnam have stimulated the demand for high quality residences. In the meantime, property prices in neighboring countries such as Hong Kong, Thailand, Taiwan, and Singapore are becoming too expensive, making Vietnam an ideal destination for investors.

Among recent luxury residents projects, The Grand Manhattan, a high-class luxury residence-hotel complex in the heart of Saigon, is now on the radar of many local and foreign investors.

Inspired by the cultural, finance and media hub of Manhattan – New York City, The Grand Manhattan is well designed as an iconic work for a ​​luxurious and prosperous lifestyle, bringing an attractive profit opportunity.

Developed by Vietnam’s leading real estate developer Novaland Group, The Grand Manhattan owns a prosperous commercial location, adjacent to “financial wall street”, a center of bank headquarters, securities companies, and Grade A office buildings.

The project offers spectacular 360-degree city views, combines exceptional comfort which flows through state-of-the-art technology and exclusive lifestyle facilities such as luxurious lobby, modern shopping space, overflowing swimming pool and indoor garden, bringing ultimate comfort and safety for residents.

In the heart of Saigon by night, The Grand Manhattan shines like a blue diamond with an impressive exterior design, perfect and unique cuts from high-class materials.

More than just a house, The Grand Manhattan is well designed to be a perfect “stay-cation” place for residents who are busy but want to enjoy every moment and every second of their life. The high-class apartments here are expected to bring residents the same standard of quality as any other branded residences apartment in the world.

Best choice for investors

Launched amidst the demand for high-end apartments is on the increase in Vietnam, The Grand Manhattan is the best choice for both local and foreign investors who are looking for projects that are well-constructed, well-serviced, and easily commercialized, bring benefits for the owner.

Luxury brands have proved appealing to the newly wealthy, as a mark of success. Owning a branded property is seen as status-affirming and a smart investment choice.

The wave of luxury real estate investment in the central area of Ho Chi Minh City is forecast to continue to increase, driven by the growth of local high net worth individuals (HNWIs) and overseas buyers.

In 2020, Viet Nam’s HNWIs comprised around 19,500 people, up 6% per annum from 2015 to 2020, according to Savills. By 2025 the HNWI population will reach over 25,800 placing the country fourth in Southeast Asia after Thailand, Indonesia, and Singapore.

In a report on the Ho Chi Minh City housing market in the first quarter, property firm DKRA said the supply of luxury apartments is still on the rise and could set new price milestones. In the super luxury segment, projects could even reach $20,000-30,000 per square meter in the central core area in the city’s District 1.

Meanwhile, the property prices in Ho Chi Minh City is very competitive compared to other countries in the region.

According to Savills data, the price of a new apartment in the central area of Ho Chi Minh City averages $ 5,500-6,500 per square meter, only a fraction of the price of a house in Hong Kong. These prices are still lower compared to regional hub cities such as Kuala Lumpur and Bangkok despite much higher growth rates.

The new Saigon Iconic

Unlike other resident projects, beyond a living property, The Grand Manhattan is poised to be the most desirable and iconic residential address of Ho Chi Minh City, which is rising as one of the new global megacities.

The 5-star standard Avani Saigon hotel located right in the project’s podium, serving full 5-star standard, 24-7 facilities, is expected to be a perfect convergence point for businessmen, leaders, diplomats as well as investors coming to Vietnam for economic and political activities.

The development goal of The Grand Manhattan is in line with the government’s long-term urban economic development orientation. This is especially important in attracting foreign capital and the need for a secure financial investment in the real estate sector.

“Ho Chi Minh City is determined to develop a regional economy that can turn into a growth leader for Vietnam and Southeast Asia. The city is developing on a dual track: building the infrastructure needed to serve as a larger commercial, financial hub, while at the same time integrating into the larger Southern Key Economic region. The Grand Manhattan is being well built to contribute to the strong growth of the city, creating positive impacts for the economy and society,” said Bui Thanh Nhon, Chairman of the board of Novaland Group.

In term of social impacts, the project also creates many jobs for local people, contributes to boost financial resources for District 1 and neighborhoods.

With luxury standards, The Grand Manhattan has received many compliments from regional real estate organizations and was honored “The best luxury complex project in Vietnam” within the framework of the Dot Property Vietnam Awards; “Condo Design of The Year” by Robb Report and “Green and smart project” by Vietnam Investment Review’s readers.

These awards reflect expectations of investors for quality and classy projects. With The Grand Manhattan, Novaland Group provides the market with a perfect choice for the luxury segment.

About Novaland

Novaland is Vietnam’s premier real estate developer. Over 30 years of operation, Novaland manages a portfolio of nearly 50 outstanding real estate projects in Ho Chi Minh City and other provinces. Owning over 10,600 hectares of land fund and non-stop exploring new lands, Novaland develops three main product lines including urban real estate, tourism real estate, and industrial real estate. With the strategic locations, Novaland’s projetcs create an advanced humanistic community with a comfortable and modern living environment for residents, contributing to the sustainable development of the whole society.
The Grand Manhattan – The Imprint of Pride in Central District 1

Hotline: 0936 002 448

Website: https://thegrandmanhatan.com/

Address: No 100 Co Giang St, District 1, HCM City

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