The Grand Manhattan

The Grand Manhattan by Novaland is located within HCMC ’s Central Business District on Co Giang Street. The development mix includes retail, apartments and some penthouse apartments. The complex is pitched at the luxury segment. The total number of developed lots is reported to be 997 in 3 buildings and will be 29 stories each. The areas of the apartments are reported as 68 to 95 sqm for 1-4 bedroom types. The complex will have 4 basements providing about 883 car spaces and 1,304 parking for motorbikes. 

Legal Ownership: Freehold for Vietnamese, 50 years for foreigners.

Q4 2018, the asking prices are reported to be:

• 2 bedrooms (68 sqm) VND12 billion per unit or equal to about US$520,000 or US$7,650 per sqm.
• 3 bedrooms (81-89 sqm) is approximately VND14 billion per unit or equal to about US$600,000 or US$7,400 per sqm (assuming 81 sqm).

Management charges will be about US$0.86 per sqm and payment terms are deposit of about US$8,500 then pay 15% within 7-15 days of signing.  Then non-interest payments of 1.5% per month up to house handover. If you pay upfront they offer an 18.5% discount.