Explore VietnamReal Estate
Explore VietnamCeles evokes a celestial theme with a Budapest-inspired palette of white, cream, warm marble, and golden lighting across 206 apartments including officetels alongside one-to-three-bedroom units. Celes and Belve are connected by a sky bridge on floor 20.
Better for long-term living than for investing.
One of District 1's most architecturally ambitious luxury projects — three hotel-managed towers with genuine sky amenities on a rare CBD site. Main tradeoffs are a compact footprint and heavy street-level traffic on Nguyễn Trãi.
Homeowner: A credible luxury live-in option for CBD-focused buyers, anchored by an unusually rich amenity stack and walkable proximity to two of HCMC's top-ranked public schools. The tradeoffs are clear: the Bùi Viện walking street and Phạm Ngũ Lão district are immediately adjacent, generating persistent late-night noise that is the loudest residential environment in our dataset. Homeowners who can accept peak urban energy — and who need pink-book clarity in the near term — should verify the status of the ~3.3 trillion VND outstanding land-use fee before committing.
Investor: The investment case is location-driven and tenant-verified, but legal execution is the binding constraint. Confirmed short-term rental activity and hotel-grade management validate the tourist-corridor demand thesis, and Metro Line 1 (Ben Thanh terminus, operational) reinforces long-term rental fundamentals. However, the ~3.3 trillion VND outstanding land-use fee blocks pink-book issuance across all 749 units, effectively freezing resale; combined with premium entry pricing that compresses gross yields to approximately 2.5–3.5%, this is a hold-and-rent position rather than a capital-gain trade until the legal blockage is resolved.
| Unit price | 10,88 tỷ – 90 tỷ |
| Rent | 25 triệu – 30 triệu/mo |
| Launch price | 230 triệu/m² |
| Project | Price | Distance |
|---|---|---|
| Celes | 240 triệu/m² | — |
| Lancaster Legacy | 260 triệu/m² |
District 1 luxury apartments have held value well post-handover due to extremely limited new supply. Lancaster Legacy's combined residential-hospitality positioning keeps it competitive for both end-users and short-term rental investors seeking a branded CBD address.
| Total Units | 206 |
| Launch Date | 2019 |
| Handover | 2025-Q2 |
| Construction Permit | Approved |
| Pink Book | Partial |
| Legal Notes | Vietnamese nationals hold freehold (sở hữu lâu dài) ownership with sổ hồng. Foreign nationals are subject to the standard 50-year leasehold under Vietnamese law. Property management is provided by Lancaster The Master, Trung Thủy Group's in-house hospitality management arm with 15+ years operating Lancaster-branded properties. |
Celes, Lancaster Legacy
A mix of affluent Vietnamese professionals, returning overseas Vietnamese, and expatriates seeking a prestige address in the District 1 CBD. The project's hotel-style management and short-term rental eligibility attract investors alongside owner-occupiers, creating a cosmopolitan building culture.
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