Coteccons Construction Joint Stock Company and developer Trung Thuy Group have broken ground for the mixed-use Lancaster Legacy building in HCM City’s District 1.

They completed building five basements and commercial floors in mid-March.

Situated on Nguyen Trai Street, the 8,827sq.m, VND3.27 trillion (US$140.3 million) high-end development will have 38 floors and five basements with 749 luxury apartments, officetels, office space and commercial and entertainment facilities.

Coteccons and Trung Thuy Group have also started works on the Nam O Resort in Da Nang City’s Nguyen Tat Thanh Street.

The 35ha beach resort will cost VND5.3 trillion ($227.3 million) and have villas, a five-star hotel, tourist apartments, swimming pools, a floating restaurant, clubhouse, and other facilities. — VNS