In September 2018, Novaland marked its return to the Ho Chi Minh City real estate market with the masterpiece The Grand Manhattan. This project is planned as a mixed-use residential and commercial complex on approximately 1.4ha, with two prime frontages in the heart of District 1, offering nearly 1,000 freehold apartments to the market.

The Grand Manhattan is invested by Dat Viet Development Joint Stock Company and developed by Novaland Group. Novaland currently develops more than 40 projects, providing over 26,000 real estate products across multiple types such as apartments, villas, shophouses, offices, urban areas, and high-end resorts. All projects are located in prime, well-connected locations.

The Grand Manhattan District 1 apartment project commenced in Q2/2018 and is in the stage of site leveling and preparing for foundation and basement construction, with handover expected in Q1/2021.

At present, The Grand Manhattan is one of the premium District 1 apartment projects attracting strong interest from homebuyers and secondary investors. Rever decodes the project's appeal to help make the most reasonable investment decision.

The Grand Manhattan and a golden location in the city center

The Grand Manhattan is located at 100 Co Giang, District 1. This location is considered "land of gold" in the core of the city, adjacent to many famous landmarks: about 1km from Ben Thanh Market, 500m from Bui Vien Backpacker Street, minutes from Sen Hong stage, 23/9 Park, shopping centers and dining services such as TAKA. Adjacent to The Grand Manhattan are Luong The Vinh Primary and Secondary School, Van Lang University campus 1, and the Ho Chi Minh City National University - International Training Institute. From this location, it is also very easy to travel to neighboring districts.

Beyond its multi-directional connectivity, The Grand Manhattan's location is highly regarded for its potential price appreciation and future returns. The land fund in the central area of District 1 is becoming increasingly limited, and with the change in high-rise residential project planning up to 2020 by Ho Chi Minh City, apartment supply in this area has become very scarce. Meanwhile, demand for high-end apartments in the core of major Vietnamese and Southeast Asian cities, especially Ho Chi Minh City, continues to rise. Therefore, The Grand Manhattan stands out as a bright spot in the city's real estate market.

Prestigious living space at The Grand Manhattan

The Grand Manhattan is built on a 1.4ha site with a construction density of 49.7%, equivalent to a building footprint of 6.961,05 m2. The project features a modern design with a grand and luxurious European flair.

The overall scale consists of 3 residential towers of 39 above-ground floors (floor 39 is a rooftop level), 4 basement levels with an area of about 35.150m2, accommodating 883 cars and 1,304 motorcycles. Floors 1–2 are retail and service centers; floors 4–7 house hotel units; residential apartments are located from floors 8–36. The Grand Manhattan complex is developed under apartment, shophouse, and hotel unit formats.

The apartments at The Grand Manhattan are intelligently designed in an open-concept trend, with a scientific layout, many windows and sliding doors, offering good daylight and ventilation. As a result, the units are very airy and spacious, providing a comfortable and private living experience.

The living room and bedroom balconies are fitted with Low-E tempered glass, giving apartments expansive views, thermal insulation, and bright interiors without overheating. Notably, all units are equipped with Smart home 2, Grobe & Hansgrohe sanitary fixtures, European-standard kitchen appliances, and concealed ceiling air conditioning for each unit. Fire safety standards are strictly inspected to ensure the highest safety for residents.

Another advantage of this project is that, despite being located in the city center, the living environment at The Grand Manhattan is completely separated from the city's noise and bustle. Instead, with up to 30% of the project area dedicated to greenery, residents will enjoy cool, fresh, and tranquil air. Nearby is the "green lung" 23-9 Park, contributing to a balanced living environment and serving as an ideal place for exercise and family recreation.

Diverse amenity ecosystem ready to meet every resident's need

With the ambition to create an upscale lifestyle and a prosperous community in the city center, Novaland has invested in a diverse, comprehensive internal amenity ecosystem so residents can "step right out of their door" to access numerous facilities and services, including:

Ground floor amenities:

- 5,000m2 internal park

- Walking and jogging paths

- Musical fountain

- Multi-purpose terrace: café, reading area, restaurants

- High-end retail area

- Tree garden and relaxation benches

3rd floor amenities:

- Adult swimming pool

- Children's pool and on-water play area

- Lounge and café

- Bar counter

- Yoga garden

- Outdoor restaurant

7th floor amenities:

- Adult swimming pool, children's pool and on-water play area

- Bar counter

- Jogging track and relaxation benches

- Outdoor dining area

- BBQ area

- Outdoor activity playground.

In addition, services such as a courteous reception from the lobby and concierge services are provided to serve residents in the best possible way.

Moreover, due to its prime central location in Ho Chi Minh City, The Grand Manhattan residents also benefit from existing external amenities nearby, including schools, hospitals, shopping centers, markets, restaurants, cafés, and more.

At The Grand Manhattan, you and your family will find a prestigious home with full modern conveniences to enjoy a fulfilling life, a peaceful and relaxing retreat to return to with loved ones.

Price and convenient payment methods

The expected selling price for The Grand Manhattan is around 160 triệu/m2. A 2-bedroom unit is priced around 11 billion and a 3-bedroom around 14 billion per unit. These prices are considered reasonable for a luxury project located in central District 1 and targeting high-end customers. Compared to neighboring projects, The Grand Manhattan's price does not differ much: Saigon Plaza 5.000-5.500 USD/m2, Ascott Waterfront Saigon 180-190 triệu/m2, ... Notably, Novaland projects consistently reassure customers with high-quality handovers as promised.

The payment schedule for The Grand Manhattan is also attractive for customers, specifically:

- Pay 1%/month until October 2021 (expected handover date)

- Negotiable payment incentives up to 17%

Bank-financing options are flexible and convenient:

- Customer pays 30% to the bank – Customer borrows 40% from the bank

- The developer supports interest at 10%/year on 40% of the apartment value until 30/10/2021.

- Specially, a 12-month principal grace period

- The developer supports up to 2% of the prepayment penalty fee.

With the advantages above, The Grand Manhattan District 1 apartments are an ideal choice for owner-occupiers and secondary investors looking to do business. Rever will continually update news about The Grand Manhattan and other prominent projects on the market. Therefore, don’t forget to follow Rever’s articles for concrete insights into projects and to make the most timely investment decisions.