Novaland launches part of The Grand Manhattan condos in HCM City

Giant HCM City property developer Novaland Group has introduced to the market a new part of The Grand Manhattan, Parkview Tower in the city’s District 1.

The new part overlooks September 23 Park, which is 9ha in size, and The Manhattan’s own 4,200sq.m park.

The available promotions are on offer to buyer such as ownership of parking space, 28 monthly instalments to pay VND2.9 billion and a discount up to VND120 million (applicable on March 17 only).

Symbol of prosperity in the heart of HCM City

The Grand Manhattan Project is inspired by Manhattan in New York City, the busiest financial area in the US and the world.

Overlooking two of the most dynamic streets in the city, Co Giang and Co Bac, the project has been developed on a land plot of around 14,000sq.m and possesses a full set of amenities.

Besides, it is a rare project that has been developed on a large site in the heart of the city, and will have some 1,000 condos and sky villas.

Thanks to these advantages, The Grand Manhattan has become a magnet attracting not only local buyers but also people from abroad.

The Grand Manhattan, symbol of prosperity in the heard of Sai Gon

With its location in a prime area of the city, The Grand Manhattan straddles the city’s main streets and is close to amenities and key transport systems.

Experts said The Grand Manhattan has a priceless location near main attractions like Ben Thanh Market, Nha Rong Wharf, Nguyen Hue Walking Street, and top five-star hotels and grade-A office buildings.

Being near the large September 23 Park also adds value to the project, they said.

Parkview Tower overlooks September 23 Park, which will become a green walking-only street, and The Grand Manhattan’s own park.

Luxury condos, key segment in property market in 2019

Local media and property consultancies have since the beginning of this year been predicting big demand in the luxury condos segment.

“We’re seeing a lot of demand for luxury — higher than supply — and so the next three to five years should be very good compared to other countries in Asia,” Sunny Hoang, associate director of international residential sales at Savills in HCM City, told Mansion Global.

Bloomberg quoted Neil MacGregor, managing director of Savills Vietnam, the sales agent for The Grand Manhattan, as saying, “Developers used to focus on the middle class but are now turning their attention to the more affluent.

“We have more and more very rich Vietnamese, particularly entrepreneurs, looking for places to put their money."

The Bloomberg story quotes a report from CBRE as saying: “Prices of luxury condominiums in HCM City climbed 17 per cent in 2018 to an average of US$5,518 per square metre. The firm forecasts they’ll climb nearly 10 per cent by early 2020 to $6,000 per square metre.

Tran Quang Hai Long of HCM City said: “I have chosen The Grand Manhattan as it is located in the central area of District 1. Furthermore, the project has a beautiful view of parks.”

He also said he was impressed by the design of the show house which allows natural light and wind.

“The condos are equipped with smart-home systems which I have loved for a long time.”

He hoped to see its price appreciate by 25-30 per cent a year, a big rate for a condo.