Tower 1 - Times City GRADE B

Building Overview

From an independent market analysis perspective by GRES specialists, Tower 1 – Times City stands out as a Grade B office building offering an exceptional advantage of large floor plates in the Southeastern area of Hanoi. Developed by Vingroup and managed by Vinhomes Office Leasing, the building features 5 above-ground floors and 1 basement, providing a typical floor plate of up to 1,800 sqm. This is an ideal specification for businesses looking to establish a centralized workspace on a single floor, optimizing internal communication efficiency and minimizing operational costs across multiple levels.

Location and Connectivity

The building is located at the prime front of 458 Minh Khai - Times City, Vinh Tuy Ward, Hanoi, right at the bustling gateway connecting the city center with the eastern provinces. The spacious Minh Khai street, integrated with the elevated ring road system, ensures rapid transit and minimizes traffic congestion during peak hours.

• Minh Khai - Vinh Tuy Axis: Connects directly to Long Bien and Gia Lam ward, as well as Hưng Yên and Hải Phòng provinces via Vinh Tuy Bridge, while offering quick access to the Ngã Tư Sở intersection via Ring Road 2.
• Vinmec Hospital / Commercial Center / Parks: Located within the modern Times City complex, it takes only a 2-minute walk to access Vincom Mega Mall, international hospitals, and premium amenities, facilitating client receptions and external relations.
• Noi Bai International Airport: Approximately 35-40 minutes away via Vo Chi Cong Street and Nhat Tan Bridge, ensuring seamless travel schedules for executives and foreign experts.
• Surrounding Utility Ecosystem: Gathers a network of major bank branches such as VietinBank and BIDV, along with numerous restaurants and office cafes to serve the daily dining and meeting needs of businesses.

Technical Specifications and Operations

Evaluating its technical infrastructure, Tower 1 – Times City features a synchronized M&E system of high standards, delivering outstanding operational efficiency compared to many buildings in the same segment.

• Scale & Floor Plate: Comprises 5 above-ground floors and 1 basement; the typical floor plate reaches 1,800 sqm with a column-free, square layout that optimizes usable area and allows flexible desk arrangements.
• Ceiling Height: Reaches a standard of 2.7 m, creating an airy workspace that easily accommodates plaster ceilings and office lighting systems.
• Elevator System: Equipped with 2 high-speed elevators, operating smoothly to reduce waiting times during peak morning and afternoon hours.
• Air Conditioning: Modern central air conditioning system, distributing temperature evenly across the floor plate while optimizing energy consumption.
• Backup Power: 100% capacity backup generator, ensuring uninterrupted business operations during power outages.
• Parking Area: Dedicated basement parking within the building and access to the commercial center's basement parking, fully meeting the parking needs of both staff and visitors.
• Standard Working Hours: Monday - Friday: 8:00 AM - 6:00 PM, Saturday: 8:00 AM - 12:00 PM.

Leasing Costs and Commercial Terms

The financial parameters and lease terms at the building are clearly defined, allowing businesses to proactively plan their long-term budgets.

• Reference Rent: $14 - $15 /sqm/month (subject to change depending on the leased area and lease timing).
• Service Charge: 5 USD/sqm/month.
• VAT: 10%.
• Motorbike Parking Fee: 60,000 VND/motorbike/month.
• Car Parking Fee: 1,200,000 VND/car/month.
• Electricity Consumption: Central AC electricity is included in the service charge, helping businesses save significant monthly operating costs.
• Overtime Fee (OVT): Free of charge when AC is not used, optimizing budgets for companies that regularly work late.
• Minimum Lease Term: Minimum 3 years.
• Deposit & Payment: 3-month deposit - Quarterly payment.

Suitable Tenant Profiles and Checks

With its massive floor plate of 1,800 sqm and location within a modern urban complex, Tower 1 – Times City is an ideal choice for multinational corporations, technology firms, e-commerce businesses, or organizations requiring centralized workspaces integrated with premium lifestyle amenities from the Vingroup ecosystem.

• Floor Efficiency: Verify the ratio of usable area to wall-to-wall area to accurately calculate the headcount capacity on the 1,800 sqm floor plate.
• Parking Capacity: Inspect the parking areas in the building's basement and the connected commercial center basement to ensure adequate space for staff vehicles during peak hours.
• Central AC System: Confirm the operation mechanism and air vent distribution when partitioning smaller departments to ensure even cooling.
• Overtime Policies: Clearly negotiate operational costs for lighting and personal office equipment during overtime hours to prevent future disputes.

Advisory Conclusion

Tập đoàn Tower 1 – Times City is one of the Grade B office buildings with the most synchronized technical infrastructure and largest floor plates in the Vinh Tuy area. The combination of a professional working environment and the surrounding high-end utility ecosystem creates a superior competitive edge for businesses here. Contact GRES specialists today to receive a detailed quotation, update the latest vacant spaces, and schedule a site inspection completely free of charge.