Novaland Group (NVL) plans to hand over products at two high-end projects from the second half of this year.

Novaland Group (stock code NVL) has just updated the progress of a series of key real estate projects. Notably, the group is expected to start handing over products at two high-end projects in the second half of this year. No Va Real Estate Investment Group Joint Stock Company (Novaland Group, stock code NVL - HoSE) has just updated the progress of a series of key projects being implemented this year. For The Grand Manhattan project (scale 0.14 ha, Ho Chi Minh City), up to now, tower B1 of the project has completed the concrete pouring of the elevator core to the 38th floor and is implementing the concrete pouring of the roof on the 39th floor. This project consists of three interconnected tower blocks, located in a prime location right in the center of District 1. After completion, the project will provide the market with more than 1,000 apartments in the high-end segment. At the 2023 Annual General Meeting of Shareholders, the Board of Directors of Novaland Group said that The Grand Manhattan project has a gross development value (GDV) of 652 million USD. Novaland Group also said that it is working closely with the general contractor of the project, Ricons Construction Investment Group Joint Stock Company (Ricons Group), aiming to hand over houses to customers in the fourth quarter of 2024. For the Victoria Village project (scale of 4.3 hectares, Thu Duc City), up to now, at Tower 1, the column and wall structure has been constructed from the 19th to 20th floors; at Tower 2 and Tower 3, the column and wall structure has been constructed from the 23rd to 24th floors; at Tower 4, the structure and concrete pouring of the 21st floor have been completed. In parallel, the construction of boundary walls on the towers is underway.

With the support of contractor Ricons, Novaland Group's Victoria Village project was restarted in mid-May 2023.

At the end of January, the general contractor of the project, Ricons Group, held the topping-out ceremony of Tower 3. It is expected that Towers 1, 2 and 4 will also be topped-out in the near future and the products can be handed over from the third quarter of 2024, Novaland Group said. The Victoria Village project has a total of 1,208 commercial service apartments and townhouses - villas. The project owns a prime location with 4 facades on the main roads of Thu Duc City, only 3 km from the center of District 1. According to the assessment of some real estate consulting units, the reference selling price of apartments at the Victoria Village project ranges from 2,500 - 3,500 USD/m2. Novaland Group implemented this project from the second quarter of 2017 and handed over the low-rise subdivision with 92 products from the third quarter of 2019. For the Sunrise Riverside project (scale 0.39 ha, Ho Chi Minh City), the exterior of tower G6 has been almost completed and technical infrastructure is being installed up to the 24th floor. Meanwhile, at Tower E2, technical items have been constructed up to the 16th - 18th floors. According to research, the Sunrise Riverside project includes 8 towers, including 2,200 apartments, located adjacent to the South Saigon urban area. Currently, Novaland Group has not announced the expected time of handover of products at this project. In addition, Novaland Group said that it is coordinating with the consulting unit to complete the content of the 1/2,000 scale zoning plan for the Lien Khuong - Prenn urban area project (scale of nearly 3,000 ha) to submit to the People's Committee of Lam Dong province according to regulations. The Group is also actively working with Lam Dong province to implement the Lam Vien Plateau complex urban area project combining tourism, resort and entertainment with a research scale of about 30,000 hectares. Source: https://tapchicongthuong.vn/tap-doan-novaland--nvl--du-kien-ban-giao-san-pham-tai-2-du-an-cao-cap-tu-nua-cuoi-nam-nay-117381.htm