The Sun GRADE C

Building Overview

From the independent market analysis of GRES specialists, The Sun building on Pham Hung street offers distinct operational advantages highly suitable for small and medium enterprises (SMEs), IT firms, and financial services. Completed in 2018 by Sun Investment and Production Joint Stock Company (CTCP Đầu tư và Sản xuất Thái Dương), this Grade C building features 30 above-ground floors, 1 basement, and a dedicated 5-story office podium. With a typical floor plate of 1,000 sqm, the building provides spacious and highly adaptable workspaces, maximizing net usable area for tenants.

Location and Connectivity

The building is located at HH1 Lot, Pham Hung, Tu Liem Ward, Hanoi, positioned directly on the western gateway's arterial route with bustling commercial activities and rapid infrastructure development.

• Pham Hung – Ring Road 3 Axis: Enables rapid connection to neighboring ward such as Cau Giay, Thanh Xuan, and northern industrial provinces.
• National Convention Center and My Dinh National Stadium: Located just 3 to 5 minutes away, facilitating external diplomatic events and partner receptions.
• Noi Bai International Airport: Accessible within 25-30 minutes via Vo Chi Cong or Nhat Tan Bridge, optimizing travel time for business trips.
• Surrounding Business Ecosystem: Surrounded by major bank branches, restaurants, office cafes, and retail centers, fully supporting daily transactions and dining needs.

Technical Specifications and Operations

Before committing to a lease, businesses should carefully review the actual technical specifications to ensure compatibility with operational requirements:

• Scale & Floor Plate: 30 above-ground floors, 1 basement with a 5-story office podium; typical floor plate of 1,000 sqm supporting flexible partitioning.
• Ceiling Height: Reaches a standard of 2.7 m, optimizing natural light and technical ceiling installation.
• Elevator System: Equipped with 2 dedicated elevators serving the office block, ensuring stable vertical transit.
• Air Conditioning: Modern central air conditioning system, distributing cool air evenly across the workspaces.
• Backup Power: 100% backup power capacity, maintaining continuous operations during grid failures.
• Parking: 3 basement levels for parking, meeting the parking demands of employees and clients.
• Standard Working Hours: Monday - Friday: 8:00 AM - 6:00 PM; Saturday: 8:00 AM - 12:00 PM.

Leasing Costs and Commercial Terms

Summary of lease costs and commercial terms applicable at the building:

• Reference Rent: $14 - $17 /sqm/month (subject to change depending on leased area and timing).
• Service Fee: Included in rent.
• VAT: 10%.
• Motorbike Parking Fee: 60,000 VND/motorbike/month.
• Electricity Consumption: Metered electricity consumption based on actual usage.
• Minimum Lease Term: Minimum 3-year lease.
• Deposit & Payment: 3-month deposit - Quarterly payment.

Suitable Tenant Profiles and Checks

With a standard floor plate of 1,000 sqm that is easily divisible, The Sun is highly ideal for SMEs, IT companies requiring concentrated seating, or financial service providers seeking a cost-effective and accessible location.

• Evaluate peak-hour elevator efficiency: Test the transit speed of the 2 dedicated office elevators during morning and afternoon rush hours.
• Measure net usable area: Verify the ratio of usable area to gross area to optimize desk layouts and seating density.
• Assess parking capacity: Confirm the actual allocation of motorbike spaces in the 3 basements for your company's headcount.
• Check central AC zoning: Verify if temperature controls can be adjusted for specific zones to optimize energy costs.

Advisory Conclusion

The Sun offers a modern, highly cost-effective office solution on Hanoi's western axis. To receive a detailed comparison of available spaces and support in negotiating the best lease terms, please contact GRES specialists today to schedule an on-site survey.