Building Overview
Hongkong Tower, completed in 2018 by CTCP Dau tu Do thi Kang Long, is a mixed-use development featuring a 27-story tower with a dedicated 8-story office podium. Managed directly by the building owner, this Grade B property provides approximately 5,000 sqm of total office space. The building is designed to accommodate diverse organizational scales, offering flexible floor divisions starting from 100 sqm up to a full typical floor plate of 1,000 sqm. The well-proportioned floor layout allows tenants to configure workspaces efficiently, making it suitable for businesses seeking a professional corporate presence in Lang Ward.
Location and Connectivity
Situated at 243A De La Thanh, Lang Ward, the property occupies a central position with direct connections to the La Thanh – Kim Ma – Cau Giay intersection. This positioning provides tenants with straightforward routes to major commercial areas and the Vo Chi Cong corridor leading toward Noi Bai Airport. The building offers views toward Thu Le Park, creating a pleasant working environment. Within a one-kilometer radius, tenants can access essential business infrastructure, including the Russian Embassy and multiple banking institutions such as VIB Bank, ACB, and BIDV. The surrounding area also features integrated amenities including dining options, supermarkets, and fitness centers.
Technical Specifications and Operations
The technical infrastructure at Hongkong Tower is designed to support continuous business operations. Key specifications include:
- Ceiling Height: Clear height of 2.7 meters, providing an open office feel.
- Elevators: 2 high-speed elevators dedicated to efficient vertical transit.
- Air Conditioning: Central air conditioning system managed during standard working hours.
- Power Backup: 100% backup power capacity to ensure business continuity during outages.
- Parking: 3 basement levels providing ample space for cars and motorbikes.
- Operating Hours: Monday to Friday from 8:00 AM to 6:00 PM, and Saturday from 8:00 AM to 12:00 PM.
Prospective tenants should verify current electricity consumption rates, which are billed based on actual meter readings, as well as any applicable overtime service charges during lease negotiations.
Leasing Costs and Commercial Terms
The financial structure at Hongkong Tower is positioned competitively for Grade B office space in Lang Ward. Base rental rates range from USD 9 to USD 13 per square meter per month, excluding a service fee of USD 1.5 per square meter per month and a 10% value-added tax (VAT). Parking costs are structured at VND 1,500,000 per car per month and VND 90,000 per motorbike per month. Standard lease agreements require a minimum three-year commitment, with a commercial deposit equivalent to three months of rent and payments settled on a quarterly basis. Electricity consumption is metered and billed based on actual usage.
Suitable Tenant Profiles and Checks
With a typical floor plate of 1,000 square meters that can be divided down to 100 square meters, this property accommodates diverse tenant profiles. It is highly suitable for growing businesses, technology firms, and administrative centers that require efficient space utilization and a professional corporate environment. Before finalizing a lease, prospective tenants should conduct specific site checks:
- Space Availability: Verify the exact layout and dimensions of currently vacant units, as partition configurations can affect usable area.
- Parking Allocation: Confirm the specific quota of parking spaces allocated to your lease size within the three basement levels.
- Overtime Operational Costs: Since overtime fees are not standardized, clarify any additional charges for air conditioning and electricity usage outside standard working hours.
- Fit-out Period: Negotiate the duration of the rent-free fit-out period based on the scale of your interior construction.
Advisory Conclusion
Hongkong Tower offers a balanced commercial option in Lang Ward, combining reasonable leasing rates with reliable Grade B infrastructure. Its flexible floor plates and structured terms provide clear operational predictability, making it a solid choice for organizations seeking a functional office presence without the premium costs of adjacent central business districts.