Century Tower GRADE A

Building Overview

Officially put into operation in 2020 by Vinhomes, Century Tower has rapidly established itself as one of the most financially efficient Grade A office towers in the Southeast area of Hanoi. Developed by Tập đoàn Vingoup, the building comprises 25 above-ground floors and 02 basement levels, offering an expansive typical floor plate of 1507 sqm/floor with modern design and prestigious LEED and Green Mark green certifications.

For businesses seeking to optimize cash flow, Century Tower offers an outstanding competitive edge thanks to its reasonable rental rates and the integration of air conditioning electricity into the service charge. This allows tenants to easily plan a fixed monthly budget without worrying about energy cost fluctuations during peak seasons.

Location and Connectivity

The tower is located at 458 Minh Khai - Times City, Vinh Tuy Ward, Hanoi, right at the gateway of the bustling Times City urban area and directly connected to the Ring Road 2 elevated highway. This strategic location enables businesses to seamlessly trade with central ward and neighboring provinces without major traffic congestion, thanks to the wide and modern road infrastructure.

• Minh Khai - Ring Road 2 Axis: Connects directly and quickly to Vinh Tuy Bridge for easy travel to Long Bien and Gia Lam ward, or into the city center via major streets.
• Times City Urban Area: Situated right within the integrated complex with full amenities including Vincom Mega Mall, Vinmec Hospital, and Vinschool, facilitating client receptions and enhancing employee welfare.
• Noi Bai International Airport: Takes approximately 35 to 40 minutes of travel via Vo Chi Cong or Nhat Tan Bridge, ensuring smooth business travel schedules.
• Surrounding Utility Ecosystem: Gathers a network of major banks like Shinhan Bank right at the podium, along with numerous high-end office restaurants and cafes to serve daily business needs.

Technical Specifications and Operations

To ensure the highest operational efficiency, businesses should review the actual technical specifications of the building under an expert operational lens:

• Scale & Floor Plate: Comprises 25 above-ground floors and 02 basement levels; typical floor plate of 1507 sqm/floor with a square layout, optimizing net usable area.
• Ceiling Height: Reaches a standard of 2.7 m, creating a spacious working environment and allowing easy installation of ceiling and lighting systems.
• Elevator System: Equipped with 08 Hitachi passenger elevators and 01 service elevator, minimizing waiting times during peak hours.
• Air Conditioning System: Hitachi VRF central air conditioning system, ensuring even temperature distribution and energy efficiency.
• Backup Power: 100% backup power capacity, guaranteeing uninterrupted business operations during power grid incidents.
• Parking Facilities: Spacious parking across 02 basement levels with smart management systems, fully meeting the parking needs of all staff.
• Standard Working Hours: Monday - Friday: 7:30 AM - 7:00 PM, Saturday: 7:30 AM - 12:30 PM, flexibly accommodating business operations.

Leasing Costs and Commercial Terms

Below is a detailed breakdown of rental costs and commercial terms applied at the building, helping businesses easily calculate their total operating budget:

• Reference Rental Price: $15 - $17 /m² (highly competitive for a Grade A office building).
• Service Charge: 5 USD/sqm/month.
• VAT: 10%.
• Motorbike Parking Fee: 70,000 VND/motorbike/month.
• Car Parking Fee: 1,500,000 VND/car/month.
• Electricity for Air Conditioning: Included in service charge (a major financial benefit that saves tenants millions of VND in cooling costs monthly).
• Overtime Fee (OVT): Negotiable depending on the leased area and actual requirements.
• Minimum Lease Term: Minimum 3-year lease.
• Deposit & Payment: 3-month deposit - Quarterly payment, standard for the market.

Suitable Tenant Profiles and Checks

Century Tower is the ideal choice for large corporations, multinational companies, technology firms, and financial institutions looking for a prestigious Grade A office with an optimized operating budget. In particular, with a large floor plate of 1507 sqm, the building is highly suitable for businesses requiring open-plan layouts to optimize staff density on a single floor.

• Verify Overtime Policy: Clearly define any potential costs for operating outside standard hours to include in the lease agreement.
• Survey Actual Net Area: Carefully measure the ratio of net usable area to gross area to plan the most efficient desk layout.
• Assess Elevator Traffic: Conduct a physical survey of elevator speed and waiting times during morning and afternoon peak hours.
• Confirm Parking Allocation: Work with the building management to secure the exact number of car and motorbike parking spaces allocated to your leased area.

Advisory Conclusion

Century Tower delivers a comprehensive financial solution for businesses through its perfect combination of a prime location, Grade A construction quality, and optimized operating costs. The inclusion of air conditioning electricity in the service charge is a rare competitive advantage in today's office market. To receive a detailed quotation, updated vacant space lists, and to schedule a site visit, please contact GRES experts today.