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
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Who are the owners of luxury apartments 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?
In Phu My Hung Midtown complex, the most luxurious apartments are about to go on market – VnExpress International
Back to English Comments Companies - October 24, 2018 | 09:00 am GMT+7 The Peak is the fourth and the final component of the Midtown complex. Located on Tan Phu road, the main road linking the Southside District, Midtown, and the International Financial and Commercial District, The Peak is built on a land area of over 27,725 square meters (sq.m), including two developments coded M8A and M8B. The M8B includes 338 apartments, 74 percent of which are two bedroom apartments of 70-97 sq.m; 25 percent are 3 bedroom apartments of 104-121 sq.m, and the remaining apartments have an area of 141 sq.m each. The Peak is expected to be on the market this November.Saving the best for the last, these final apartment buildings carry many improvements. As its name, The Peak, suggests, the developers have reached a high point in the Midtown complex, right from the planning details, the interior and exterior designs, construction materials, and utility areas.Tan Gek Meng – the … [Read more...] about In Phu My Hung Midtown complex, the most luxurious apartments are about to go on market – VnExpress International
Novaland launches luxury apartments at $6,000 per square metre
Novaland launches The Grand Manhattan apartment project in HCM City’s District 1 at prices starting from US$6,000 per square metre. VNS Photo Viet Nam News HCM CITY – Giant property developer Novaland Group has launched a new apartment project, The Grand Manhattan, in the heart of HCM City. Prices of units in the project, which will come up at the corner of Cô Giang and Cô Bắc streets in District 1, will start at US$6,000 per square metre. Novaland said the condos, to be handed over in the last quarter of 2021, would have two or three bedrooms and smart-home technologies. Besides the usual amenities like a swimming pool and BBQ area, it will also have a park and other attractions on 4,200sq.m of its total area of 14,000sq.m. At the launch, Novaland offered a number of promotions to buyers like free parking space, fully equipped kitchens and a four-day stay at the Azerai Cần Thơ resort. - VNS … [Read more...] about Novaland launches luxury apartments at $6,000 per square metre
HCM City woefully short of luxury hotels to meet soaring tourism demand
Viet Nam News HCM CITY – HCM City’s hotel market, especially the luxury segment, is attractive to investors due to the relentless rise in tourist numbers. The city People’s Committee reported that in the first five months of this year there were over 3.2 million foreign arrivals compared to 2.5 million in the same period last year. The tourism sector’s revenues rose by 14.8 per cent year-on-year to VNĐ51.6 trillion (US$2.2 billion). Đại Tá Hoàng Vũ, director of the city Department of Tourisms told Việt Nam News that while the numbers of both domestic and foreign visitors are increasing sharply, the city has too few five-star and three-star hotels. “With annual growth of 20 per cent, the city tourism sector will receive around 10 million foreign visitors by 2020 and need around 10,000 luxury hotel rooms.” Nguyễn Trọng Thức, head of hotel services, CBRE Vietnam, said the number of foreign … [Read more...] about HCM City woefully short of luxury hotels to meet soaring tourism demand