Building Overview
Located at 99 Tran Binh, Tu Liem Ward, Hanoi, The Garden Hill is a Grade C office development comprising two towers of 29 and 25 stories. The property features a five-story podium dedicated to retail and office spaces, supported by two basement levels. Notably, the building holds dual LEED and Green Mark certifications, reflecting its adherence to international environmental and energy-efficiency standards.
The office floors, particularly levels three through five, are designed with soundproofing to support focused business activities. The exterior utilizes full-height glass panels with frosted patterns to manage natural light and minimize glare. This setup suits organizations seeking a sustainable, modern workspace with flexible floor layouts that can be customized to specific operational requirements.
Location and Connectivity
The Garden Hill is situated at 99 Tran Binh, Tu Liem Ward. This position places businesses within an established administrative and commercial sub-market in Hanoi. The surrounding area offers a mix of retail amenities, dining options, and residential developments, which supports daily staff requirements.
As specific travel times and nearby transit links are subject to local traffic conditions, prospective tenants are advised to conduct a physical site survey. This helps evaluate peak-hour accessibility and vehicle access routes around the Tran Binh corridor.
Technical Specifications and Operations
The building’s technical infrastructure is designed to maintain consistent business operations. Key specifications and commercial terms include:
- Elevators: 8 high-speed Mitsubishi elevators.
- Air Conditioning: Modern ceiling-mounted system with electricity calculated on actual consumption.
- Power Backup: 100% backup power capacity to secure operations during outages.
- Parking: Two dedicated basement levels with monthly fees of 1,500,000 VND per car and 120,000 VND per motorbike.
- Operating Hours: Monday to Friday (8:00 AM – 6:30 PM) and Saturday (8:00 AM – 1:00 PM).
- Lease Terms: Minimum 3-year lease, 3-month deposit, quarterly payments, and negotiable overtime fees.
The standard rent ranges from $10 to $12 per square meter, with a service fee of 1 USD per square meter per month, subject to a 10% VAT. Because the exact typical floor plate size is not officially specified in the primary records, tenants should verify available floor areas and layout configurations during the lease negotiation phase.
Leasing Costs and Commercial Terms
The financial structure at this property is organized to accommodate cost-conscious organizations. The base rent ranges from $10 to $12 per square meter per month, with an additional service fee of 1 USD per square meter per month. This results in a gross rent of $11 to $13 per square meter per month, excluding the 10% VAT. Parking fees are established at 1,500,000 VND per car per month and 120,000 VND per motorbike per month.
Standard commercial terms require a minimum lease commitment of three years, paired with a three-month security deposit and quarterly rental payments. Electricity consumed by the ceiling-mounted air conditioning system is billed separately based on actual usage. Overtime operational fees are not fixed and must be negotiated directly during the contracting phase.
Suitable Tenant Profiles and Checks
The dual LEED and Green Mark certifications make this building suitable for organizations with corporate sustainability mandates or those prioritizing energy-efficient operations. The flexible floor layouts on levels three through five are well-suited for businesses requiring customized office partitions or open-plan configurations.
Before finalizing a lease, prospective tenants should perform several operational checks:
- Verify the exact net usable area versus gross area for the specific floor plate of interest.
- Confirm the current availability of parking spaces in the two basement levels for both cars and motorbikes.
- Clarify the specific calculation method for overtime air conditioning and electricity usage.
- Review the exact layout of the soundproofing and frosted glass panels on the target floor.
- Assess the peak-hour elevator traffic flow, given the eight available Mitsubishi units serving the towers.
Advisory Conclusion
The property at 99 Tran Binh, Tu Liem Ward, represents a balanced option in the Grade C segment, distinguished primarily by its dual environmental certifications. While it offers competitive rental rates and flexible floor plates, successful tenancy relies on detailed pre-lease verifications. Tenants should work closely with leasing advisors to confirm available space configurations, parking allocations, and utility billing terms before signing.