Once making headlines for his marriage to Miss Đặng Thu Thảo, businessman Nguyễn Trung Tín is also known as the successor of Trung Thủy Group (TTG) – a corporation owning a portfolio of luxury real estate in major cities, particularly in Ho Chi Minh City, with projects valued at trillions of dong. Photo: FBNV
Established in 1985, Trung Thủy began with handicrafts and later developed the Miss Áo Dài brand – a high-fashion icon in Saigon during the Renovation period. The company then expanded into real estate and luxury services, laying the foundation for the later Lancaster ecosystem.
Notably, most of Trung Thủy Group’s projects are concentrated in prime locations of Ho Chi Minh City’s real estate market, such as District 1 and former District 4, with a total estimated value of tens of trillions of dong. Photo: TTG
One of the earliest milestones is the Miss Áo Dài Building, constructed in the early 2000s. It was one of the first privately-owned office towers in central Ho Chi Minh City, built around the same time as Sun Wah Tower (1998) and Saigon Centre (1996). Photo: TTG
Located at 21 Nguyễn Trung Ngạn (former District 1), just 500 meters from Ba Son Bridge, the 15-story building serves as Trung Thủy Group’s headquarters and marks the company’s shift from fashion to real estate.
According to real estate agencies, rental prices at Miss Áo Dài Building are around $25/m²/month, comparable to Saigon Tower or Me Linh Point Tower, and only 15–20% lower than The Metropolitan or Lim Tower, demonstrating its stable competitiveness after over two decades of operation. Photo: TTG
Building on its success, Trung Thủy Group developed Lancaster Lê Thánh Tôn – one of the first luxury serviced apartment projects in central Ho Chi Minh City, modeled after Singapore’s ‘serviced apartment’ concept. Launched in 2007, it paved the way for high-end apartments in Saigon, preceding The Marq and Grand Marina Saigon.
Located at 22 Bis Lê Thánh Tôn (former District 1), the 24-story building features 109 luxury apartments in the prime “Diamond Quadrilateral” area of Đồng Khởi – Lê Lợi – Lý Tự Trọng – Lê Thánh Tôn, less than 300 meters from Miss Áo Dài Building. Photo: TTG
Rental prices here range from $2,500 to $5,000/month, comparable to international projects like InterContinental Residences Saigon ($2,900–$4,800) and Sedona Suites ($3,800–$4,000). Photo: TTG
Most recently, Trung Thủy Group launched Lancaster Legacy at 230 Nguyễn Trãi (former District 1), on an 8,500 m² plot. The project includes 3 towers with 38 floors, 5 basements, commercial spaces, offices, and nearly 750 luxury apartments.
According to local agents, prices at Lancaster Legacy (230 Nguyễn Trãi, District 1) range from $9,500 to $12,700/m², depending on location. At this rate, a one-bedroom apartment of 47 m² costs over $560,000, reflecting the project’s premium positioning.
Currently, Lancaster Legacy is accelerating construction, with expected handover from late 2025 to 2026.
However, after a period of rapid growth, some of Trung Thủy Group’s projects faced legal challenges. Notably, the Lancaster Lincoln project (428–430 Nguyễn Tất Thành, District 4) has been stalled for over 7 years.
The project includes 3 high-rise towers on an 8,000 m² plot, once dubbed the “Lancaster Twin Towers of Saigon’s West Bank.” It faced legal issues related to 1,300 m² of public land, as the developer constructed the basement before completing legal procedures. Ho Chi Minh City is reviewing solutions for the public land to resolve the issue, but no decision has been made to resume full construction.
Currently, all project signage at the entrance has been removed, with security personnel on-site, awaiting completion of procedures to restart the project in the next phase.
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