Shophouse at The Grand Manhattan "enjoys" many advantages from the "golden" position

DNHN - The prime location, high-class residential community, and commercial townhouses at The Grand Manhattan are the assets that define the owner's position and are also a sustainable profitable investment.

Great demand comes from many advantages

Although much attention is paid to investors, shophouses are very scarce, accounting for only about 2-5% of the total number of apartments in each project.

Commenting on the profitable potential of the shophouse, Mr David Jackson, General Director of Colliers Vietnam, said that the factors affecting the business potential of the shophouse are smooth traffic, high population density and the ability for commercial links with the surrounding area. Considering this assessment, shophouses in projects in "golden land" areas with advantages in infrastructure and the bustle of business activities will bring stable income for owners. Profit from shophouse rental can reach 8-12%/year with the potential to increase prices in the range of 10-30%/year.

Because of these advantages, although the selling price is currently very high, most projects have good liquidity if they have a favourable location. After the pandemic, when the economy was recovering and accelerating, statistics from batdongsan.com.vn show that the number of users looking for information about shophouses in Ho Chi Minh City increased by 64% in May 2022 alone.

The Grand Manhattan: Quenching the "thirst" of shophouses in District 1

Although strongly sought after, due to the limited land fund, the supply of shophouses in Ho Chi Minh City in the period from the end of 2022 to the beginning of 2023 is expected to remain low. In that context, the shophouses at The Grand Manhattan project (developed by Novaland Group) in District 1 are receiving the attention of the market. The project has a total of 38 shophouses with diverse areas, from 40 m2 to 162 m2.

Shophouse The Grand Manhattan meets the maximum expectations of investors because of its busy central location in District 1, and the potential for strong price increases. In particular, the ability to exploit for rent is guaranteed, thereby leading to optimal investment returns. In addition, the central area will also gather a successful community of residents, large consumption, and a preference for high-class brands with good service quality. The difference of shophouses at The Grand Manhattan project is really "ideal" for owners to plan business strategies to achieve desired goals.

With countless privileges of perfect living, thanks to the expensive & luxurious facilities present from the ground to the upper floors, the special attraction of The Grand Manhattan also comes from the high-end brands of the Nova FnB ecosystem that are also present here such as Crystal Jade, Jumbo or Dynasty, promises to bring great culinary experiences, attracting outside guests to enjoy. This makes the business opportunities of 38 shophouse owners here even more open.

In addition to business goals, for many people, owning a shophouse in a high-class project like The Grand Manhattan also has a symbolic meaning, an asset that helps to show the potential and success of the owner in a subtle way. With a luxurious, modern design, the shophouse at The Grand Manhattan also helps owners firmly believe in their attractiveness that does not fade over time.

It must be added that, in the context that the supply is gradually drying up in the "core" area, the number of rich people increases rapidly, the demand for accommodation as well as the demand to own and rent high-class real estate in the leading economic centre of the country will still be very large. The shophouse is the type of real estate that meets the expectations and very high standards of investment potential, architecture, aesthetics or versatility of these particularly successful investors.

PV