King Palace GRADE B

Building Overview

Officially operating since 2021 under the professional management of Savills Vietnam, King Palace is a premium mixed-use complex offering Grade B office spaces. With office spaces spanning from the Ground floor to the 5th floor of a 36-story tower with 3 basements, the project offers an exceptionally large floor plate of ~ 3,000 sqm/floor. This is one of the few buildings in the Southwestern area to feature such massive contiguous floor plates, providing highly efficient space-planning solutions for large-scale enterprises.

Compared to traditional Grade B offices in the area, King Palace stands out with its modern design that maximizes usable area and minimizes internal columns. This allows businesses to significantly save on fit-out costs and optimize workstation density for their staff.

Location and Connectivity

Located at 108 Nguyen Trai, Thanh Xuan Ward, Hanoi, King Palace sits directly on the arterial route connecting Thanh Xuan wardt with Dong Da, Ha Dong, and the western ward. This boulevard features some of the city's most modern transport infrastructure, including the Cat Linh - Ha Dong elevated railway line, which helps minimize commute times for employees during peak hours.

• Nguyen Trai Axis: A vital transport corridor providing rapid access to major routes such as Ring Road 3, Khuat Duy Tien, and Nguyen Xien, facilitating convenient inter-provincial and inter-wardt travel.
• Royal City Complex / Shopping Mall: Positioned directly opposite the Royal City urban area and shopping mall, offering outstanding advantages for client receptions, conferences, and business networking.
• Noi Bai International Airport: Approximately 35-40 minutes away via the elevated Ring Road 3 and Nhat Tan Bridge, ensuring seamless business travel schedules for executives.
• Surrounding Amenities: Surrounded by a dense network of major bank branches (Vietcombank, BIDV, Techcombank), commercial centers, and a variety of office-friendly restaurants and cafes.

Technical Specifications and Operations

The building is equipped with synchronous and modern technical infrastructure to ensure the highest operational efficiency for tenants.

• Scale & Floor Plate: 36 above-ground floors, 03 basements. Office spaces from Ground floor to 5th floor with a typical floor plate of ~ 3,000 sqm/floor, allowing flexible partition options.
• Ceiling Height: Reaches a standard 2.7 m, creating a spacious environment and facilitating technical ceiling installations.
• Elevator System: Equipped with 03 elevators and escalators dedicated to the commercial and office zones, reducing wait times during peak hours.
• Air Conditioning: Modern central air conditioning system ensuring stable temperatures and optimized energy consumption.
• Backup Power: 100% backup power generator capacity to maintain continuous business operations during power outages.
• Parking: 03 basement parking levels, fully meeting the parking demands of both employees and visiting clients.
• Standard Working Hours: Monday - Friday: 8:00 AM - 6:00 PM; Saturday: 8:00 AM - 12:00 PM.

Leasing Costs and Commercial Terms

Commercial terms at the building are highly competitive and flexible, considering the premium Grade B management standards by Savills.

• Reference Rent: $18 - $19 /m²/month (subject to change depending on the leased area and lease commencement date).
• Service Fee: 0.6 USD/sqm/month.
• VAT: 10%.
• Motorbike Parking Fee: 80,000 VND/motorbike/month.
• Car Parking Fee: 1,500,000 VND/car/month.
• Electricity Charges: Actual consumption based on meter readings.
• Overtime Fee (OVT): Negotiable based on leased area and actual operational requirements.
• Minimum Lease Term: Minimum 3-year lease.
• Deposit & Payment: 3-month deposit - Quarterly payment.

Suitable Tenant Profiles and Checks

With its massive floor plate of 3,000 sqm and professional management by Savills Vietnam, King Palace is the premier choice for IT companies, multinational corporations, large-scale training centers, or financial institutions requiring large, contiguous floor plates to foster internal collaboration. However, to ensure seamless operations, businesses should conduct a thorough on-site checklist before finalizing the lease.

• Evaluate Elevator Efficiency: Assess the speed and capacity of the 3 elevators and escalators during morning and afternoon peak hours.
• Measure Usable Area: Verify the exact net usable area versus the gross leased area to calculate optimal workstation density.
• Inspect Parking Capacity: Confirm the actual capacity of the 3 basements and the allocated parking quotas for motorbikes and cars.
• Negotiate Overtime Fees: Clarify the billing method for overtime (OVT) air conditioning and lighting if your business operates late shifts.
• Review Technical Infrastructure: Check server room connectivity, power supply points, and options for installing supplementary split-system AC units if needed.

Advisory Conclusion

King Palace 108 Nguyen Trai stands out as a premier Grade B office choice in Thanh Xuan wardt, seamlessly blending a strategic location, exceptionally large floor plates, and international management standards by Savills. To receive the latest updates on vacant spaces, a detailed operational cost breakdown, and professional negotiation support, contact GRES today for comprehensive and completely free assistance.