The Grand Manhattan, which has been introduced to the market half a year ago, keeps the luxury property segment hot thanks to its dual benefits of rising prices and high rental yields in the future. The Grand Manhattan boasts a frontage onto Co Bac Street and Co Giang Street in the heart of District 1 Prospects of rising prices According to a report by CBRE Vietnam, the entire Ho Chi Minh City only has around 400 luxury apartments priced from $3,500-7,000 per square metre, mainly concentrated in the heart of District 1, accounting for a humble rate of only 0.3 per cent of the total apartment supply (nearly 160,000 units). The luxury segment is heated up with new projects like The Grand Manhattan, which was launched by Novaland at the beginning of this year. The complex comprises of three 39-storey apartment buildings with four underground floors. It is being built on an area of 1.4 hectares, supplying 1,000 luxury apartments with long-term ownership for homebuyers. As land is … [Read more...] about Dual benefits of investing in luxury apartments in District 1
Florence school district 1
Customers at Co.op Food Dinh Tien Hoang 45 located at 45 Dinh Tien Hoang Street in HCM City’s District 1 on the opening day on February 24. — VNS Photo Saigon Co.op Food Company Limited in collaboration with Millennials Market Co., Ltd opened a Co.op Food shop at 45 Dinh Tien Hoang Street in HCM City’s District 1 on Sunday. This is Millennials Market’s second franchise store and the 347th store under Co.op Food chain across the country. The new store sells fresh foods and essential items at controlled prices. It also introduces and sells food and agricultural products of cooperatives from various regions of the country in partnership with School of Management for Agriculture and Rural Development II and Winstar Investment -Trading - Service Joint Stock Company, a supplier of farm products. To mark the opening, the shop is offering promotions until February 28, including discounts of up to 50 per cent on many products and gifts to customers with bills worth at … [Read more...] about New Co.op Food store opens in District 1
Who are the owners of luxury apartments in District 1? A view of The Grand Manhattan, a luxury apartment project in downtown HCMC The just-launched Grand Manhattan has become the center of splendor due to its luxury apartments being located in downtown HCMC, which are not easy to own. From international investors Elena Goh, a Singaporean real estate investor, is one of the first owners of apartments at The Grand Manhattan, “HCMC is a market my husband has eyed for ages. So we decided to purchase apartments as soon as the project was introduced to the market. Compared with other property markets which I have invested into such as Hong Kong, apartments in HCMC have a much lower price and profit margins reach 4%-5%, compared to Hong Kong’s 1%-2%.” As an experienced real estate investor, Elena Goh said, “In Hong Kong and Singapore, profit growth of luxury properties tend to be stable. I believe that profits from real estate projects in HCMC, which is an … [Read more...] about Who are the owners of luxury apartments in District 1?
Viet Nam News HCM CITY — HCM City’s District 1 has been a magnet for property developers in recent years thanks to its constantly improving infrastructure. Being in the heart of the city, the district is home to government offices, local and foreign companies and shopping centres. The property market in the district, especially the condo segment, always runs hot and prices never come down. In the last 10 years a number of infrastructure works have been completed, including the 12-lane Võ Văn Kiệt Boulevard connecting districts 6 and 8 and provinces to the city’s west, Nguyễn Hữu Cảnh Street connecting the eastern region and the Thủ Thiêm tunnel connecting districts 2 and 9. The district also got a walking street during this period while the first metro route has been under construction here for several years. It is soon set to become the first district in the city to become ‘smart’, with e-governance and … [Read more...] about District 1 property market on the up
BIM Group opens sales on Citadines Marina Ha Long projectMega promotion to spotlight Hong Kong’s professional services, branded productsHạ Long – the "hot spot" of the North’s real estate marketAES-VCM Mong Duong Power Company presents 150 scholarships to disadvantaged children in Quang NinhSACOMBANK IS READY FOR THE MA WAVE District 1 is the most sought-after location for luxury residential development in Sài Gòn. It is the heart of the city’s Central Business District (CBD), and the epicentre of all major infrastructure projects such as the upcoming metro network. Most multinational corporations (MNCs) as well as the best schools and medical facilities are located in and around District 1. However, quality land parcels are very scarce here, resulting in a very limited supply of world-class luxury residential developments.The limited supply coupled with pent-up demand has led to consistently high rents and prices. Rising house … [Read more...] about Revolutionary New Living experience in the heart of District 1