After the "collapse" of trust during the 2022-2023 period, recent policy developments are fostering a positive sentiment, helping steer real estate back to its intrinsic value. Consequently, investors are focusing on properties in the final stages of completion and handover, particularly those with prime locations in central areas that meet the actual needs of investors.

Positive Signals Post-Crisis

The last three months of 2022 marked one of the most significant crisis in the real estate market, severely impacting investor confidence and leaving its effects throughout 2023. However, with a solid legal foundation from new laws, from Q2.2024, the real estate market has begun to some signs of recovery as capital flows gradually return.

According to the Q3 and first nine months of 2024 market report by the Vietnam Real Estate Market Research Institute (VARS), the real estate market has started to exhibit signs of “heating up”. Notably, approximately 10,400 successful transactions were recorded in Q3, with the supply primarily in the high-end and luxury segments, reflecting a 51% absorption rate.

The report also highlighted that most new apartment launches recently came from the subsequent phases of existing projects. This indicates a clear shift as projects near completion and handover, effectively addressing liquidity issues. These are products that meet the genuine living needs of people, providing high usability and sustainable value appreciation over time, thereby restoring investors’ loyalty after previous upheavals.

Lancaster Legacy – A Highlight of Genuine Value Real Estate

Officially unveiling a new concept for its three towers in November 2024, Lancaster Legacy—developed by Trung Thuy Group - is likened to "scratching the investor's itch" with its strengths as a property of genuine value. With nearly 40 years of experience in developing bespoke products and services tailored to customer needs, the project developer easily captures investor psychology when launching Lancaster Legacy.

In Ho Chi Minh City, although the Eastern and Southern areas have certain advantages in project development progress, the central District 1 real estate remains an invisible "magnet" for all investors. This advantage comes not only from its highly scarce prime location but also from the notable allure during the market recovery context: nearing completion, ready for handover, and possessing a comprehensive facility system that meets the needs of all residents.

Lancaster Legacy, located at 230 Nguyen Trai, District 1, is an exemplary investment in central area real estate, ensuring residential needs and sustainable profit opportunities while showcasing the owner's prestige. The central area typically has scarce land resources due to space limitations, ensuring high profitability for real estate projects here in the future, as demand for housing and office space increases.

Possessing three towers with 38 floors above ground and five basements, Lancaster Legacy offers 749 units, ranging from 01 to 04 bedrooms, duplex apartments, and penthouses. The diverse range of products means Lancaster Legacy will become a home for many generations within a family. Therefore, not only the convenience of each apartment but also the variety of facilities must meet the needs of all ages and preferences.

Along with the commercial podium, the diverse amenities on the 6th, 20th, and 38th floors will be where the elite community enjoys life to the fullest, standardizing for all personal and family needs: healthy living with jogging tracks, yoga areas, or rooftop swimming pools; quality living with relaxing landscaped views encompassing the city center; and endless fun for children with numerous amenities like swimming pools, playgrounds, and reading areas. Moreover, despite its central location, the project is planned with up to five basement floors to ensure ample parking for all residents.

According to the project developer, as of November 2024, the crucial completion stages at Lancaster Legacy are in the final sprint to prepare for the handover as announced at the topping-out ceremony in April 2024.

Alongside the construction activities in the high-rise apartment blocks, the project's commercial podium floors are also preparing to welcome retail, F&B, financial, and banking brands for branch and office setup. Meeting precise progress milestones once again affirms the project's developer's credibility and the collaborating contractors.

The recovery of the real estate market post-crisis is not only a positive sign for the economy but also an opportunity for investors. Properties with reputable developers, prime locations, ready for handover, and meeting actual needs will always deliver sustainable value and be well received by the market.