IDMC Hoàn Kiếm Building GRADE B

Building Overview

From the market analysis perspective of GRES experts, IDMC Hoan Kiem Building at 3A Phan Dinh Phung represents one of the most effective cash flow optimization solutions for businesses seeking to establish their brand presence in the heart of Hoan Kiem wardt without bearing the heavy financial pressure of the Grade A segment. Completed in 2022 by the developer IDMC Group, the building features 08 above-ground floors with a typical floor plate of 233 sqm/floor. With a highly reasonable rental rate of $14 - $15 /sqm, this is a rare opportunity for businesses to set up a modern and professional workspace in the historic core of the capital.

Location and Connectivity

The building is located directly at 3A Phan Dinh Phung, Hoan Kiem Ward, Hanoi, situated right at a key traffic junction connecting the historic center with adjacent commercial ward. This tree-lined avenue offers high brand visibility and smoother traffic flow compared to the congested core of the Old Quarter.

• Phan Dinh Phung axis: A vital arterial route connecting Ba Dinh wardt directly to the heart of Hoan Kiem wardt, ensuring smooth transit for employees and partners.
• Administrative agencies and landmarks: Only 5-7 minutes to reach the Ho Chi Minh Mausoleum, National Assembly Building, Imperial Citadel of Thang Long, Temple of Literature, West Lake, and Hoan Kiem Lake, facilitating diplomatic activities and client receptions.
• Noi Bai International Airport: Approximately 30 minutes away via Vo Chi Cong Street and Nhat Tan Bridge, ensuring uninterrupted business travel schedules for executives.
• Surrounding utility ecosystem: Home to a dense network of major bank branches such as Techcombank, Vietcombank, Agribank, and VietinBank, along with numerous premium restaurants and office cafes for daily client meetings.

Technical Specifications and Operations

IDMC Hoan Kiem Building is equipped with synchronous and modern electromechanical systems, fully meeting the strict operational standards of a professional Grade B office.

• Scale & Floor plate: Features 08 above-ground floors with a typical floor plate of 233 sqm/floor; the square layout optimizes usable net area and simplifies department layouts.
• Ceiling height: Reaches a standard of 2.7 m, creating an airy working environment and allowing easy installation of technical ceilings.
• Elevator system: Equipped with 02 high-speed Otis elevators, minimizing waiting times during peak hours.
• Air conditioning system: Uses a high-efficiency Daikin central air conditioning system, maintaining stable temperatures and optimizing energy consumption.
• Backup power: 100% power backup generator ensures continuous operations of the entire building during grid failures.
• Parking: Available at the adjacent parking lot, resolving the parking challenges for staff and visiting clients.
• Standard working hours: Monday - Friday (8:00 AM - 6:00 PM) and Saturday (8:00 AM - 12:30 PM).

Leasing Costs and Commercial Terms

To assist businesses in balancing cash flow and planning long-term budgets, GRES provides a detailed breakdown of current fees and commercial terms at the building.

• Reference rent: Approximately $14 - $15 /sqm/month (subject to slight variations based on leased area and lease timing).
• Service fee: 3.5 USD/sqm/month.
• VAT: 10%.
• Electricity consumption: Charged based on actual consumption via individual meters, allowing tenants to actively control energy costs.
• Overtime fee (OVT): Negotiable directly with the building management based on actual operational needs.
• Minimum lease term: Minimum 3-year lease, ensuring business stability.
• Deposit & Payment: 3-month deposit - Quarterly payment, aligning well with corporate cash flow cycles.

Suitable Tenant Profiles and Checks

With its modern design, square floor plates of 233 sqm/floor, and highly reasonable operational costs, IDMC Hoan Kiem Building is an ideal choice for small and medium enterprises (SMEs), foreign representative offices, technology firms, financial companies, or legal consultancies requiring a prestigious business address in central Hoan Kiem.

• Pros analysis: Prime central location; newly completed in 2022 with fresh, smooth-running infrastructure; highly competitive rental rates for Hoan Kiem wardt; column-free floor plates that simplify interior fit-outs.
• Cons to consider: The floor plate of 233 sqm/floor may limit expansion options on a single floor for large multinational corporations requiring thousands of square meters.
• Parking lot survey: Since parking is located at the adjacent lot, businesses should conduct a physical survey of its capacity and coordination during peak hours to ensure convenience for staff.
• Overtime fee negotiation: Since overtime fees are negotiable, companies with night-shift operations or frequent OT requirements should clarify these rates during the initial lease negotiations.

Advisory Conclusion

IDMC Hoan Kiem Building is a perfect financial solution for businesses seeking high-quality office space in central Hoan Kiem with an optimized budget. The combination of new infrastructure completed in 2022 and flexible leasing policies offers a significant competitive edge in operational costs. To receive a detailed quotation, the latest updates on vacant spaces, and to schedule a physical viewing, please contact GRES consultants today for professional assistance and the most favorable commercial terms.