Diamond Building: Premium Office Tower in a Prime Location in Cau Giay District
The Diamond Building project is one of the prominent high-end office-for-lease towers in the western area of Hanoi. With a prime location in Cau Giay District and well-structured investment from reputable developers, this building not only meets the demand for modern workspace but also contributes to shaping a well-developed urban architectural landscape in the area.
This article, from an in-depth real estate expert perspective, will analyze the overall overview, strategic location, construction scale, investors, and other outstanding features of Diamond Building, providing investors and businesses with a comprehensive view of this office tower.
Overview of Diamond Building Project
Diamond Building is positioned as a Grade B+ or A- office building (based on amenities and location), located in one of the most dynamic development areas of the capital. The project has been completed and is now operational, supplying high-quality office space to the market.
Basic project information:
- Project name: Diamond Building
- Type: Office building for lease
- Location: Dich Vong Hau Ward, Cau Giay District, Hanoi
- Developers: Vietnam Oil and Gas Construction Investment Joint Stock Company and Public Transport Construction Joint Stock Company
- Total land area (as described): 4,331m²
- Construction area: 1,418 m²
- Number of floors: 20 floors (19 above-ground floors and 2 basements)
- Total investment (estimated): Approximately VND 350 billion
- Completion time: Q1/2011 (originally planned for Q3/2011, but has been delivered)
- Reference price: 50.59 million VND/m² (this is typically for transfer or land value, should be verified if applied to office leasing)
Strategic Location and Connectivity
Prime Location in the Western Gateway
Diamond Building is located in a highly regarded "prime" position on Dich Vong Hau dual carriageway in Cau Giay District. This road is perpendicular to Pham Hung Street—one of Hanoi’s most important and rapidly developing arterial routes. The area is considered a new commercial and office hub of the city.
Specific geographic coordinates:
- Latitude: 21.0310936
- Longitude: 105.7807846
The tower is situated in an area hosting headquarters of major domestic and international corporations, as well as large office and commercial projects. The presence of landmark buildings such as FPT Tower, CEO Tower, Keangnam Hanoi Landmark Tower, and CMC Tower has transformed Dich Vong Hau and Pham Hung into a fully developed urban business hub, fostering a dynamic and professional business community.
Transportation Advantages
The location of Diamond Building is not only convenient for inner-city travel but also offers excellent regional connectivity. The building lies on a main road, approximately 5km from the city center (Hoan Kiem Lake).
Notably, the project is located along the route connecting Noi Bai International Airport with key national facilities such as the National Convention Center and My Dinh Stadium. This provides significant advantages for businesses with international partners or frequent air travel needs, as well as for hosting major events.
Being located on Dich Vong Hau dual carriageway allows easy access while avoiding common congestion found in older central districts, creating favorable conditions for business operations and logistics.
Construction Scale and Modern Design
Architecture and Planning
Diamond Building is constructed on a total land area of 4,331m². Although initial information mentions 2.16 hectares (possibly referring to a broader planning area), the actual construction footprint is 1,418 m², indicating a reasonable building density that allows space for landscaping and internal traffic.
Detailed construction scale includes:
- Height: 19 above-ground floors
- Basement system: 2 basements with over 8,000m² for parking
The building is designed for modern office functionality, with integrated technical systems meeting international standards. It provides flexible, professional workspace suitable for businesses of all sizes.
Technical Infrastructure System
To ensure a high-quality working environment, Diamond Building is equipped with advanced technical facilities:
- Elevators: 4 high-speed elevators with intelligent control systems to optimize peak-hour movement
- Backup power system: Ensures 100% power supply during outages
- Air conditioning: Central HVAC system for consistent cooling
- Security and surveillance: Modern CCTV system
- Fire protection: Standard-compliant fire prevention and firefighting system
- Parking: Spacious 2 basement levels (over 8,000m²) for cars and motorbikes
Developers and Project Progress
Reputable Developers
Diamond Building is developed through a joint venture between Vietnam Oil and Gas Construction Investment Joint Stock Company and Public Transport Construction Joint Stock Company—both experienced entities in construction and infrastructure investment, ensuring project quality and legal transparency.
Their collaboration provided stable financial resources and effective project management experience, enabling the building to be completed on schedule and to high standards.
Progress and Current Status
The project broke ground in Q4/2009. Originally scheduled for completion in Q3/2011, updated information confirms that it has been completed and is now operational, demonstrating the developer’s commitment to timeline and quality.
With its completed and operational status, Diamond Building eliminates timeline risks for tenants needing immediate office space, offering assurance in terms of legal status and fully developed infrastructure.
Pricing Analysis and Investment Opportunities
Reference Price Range
The recorded price range is 50.59 - 50.59 million VND/m². It should be noted that office leasing prices in Hanoi are typically quoted in USD/m²/month (excluding VAT and management fees). This figure may represent transfer value or land valuation rather than rental rates.
However, based on its prime location in Cau Giay and high-end building quality (synchronized technical systems and modern design), rental rates at Diamond Building are expected to fall within the premium segment of the western Hanoi office market, directly competing with nearby major buildings.
Investment and Business Potential
Diamond Building offers an ideal office solution for:
- Large corporations and enterprises seeking headquarters in the new western economic hub
- Technology, finance, or international service companies requiring modern and professional work environments
Its location among major office buildings allows businesses to easily connect with partners, maintain relationships, and recruit high-quality talent.
Investment in Diamond Building—whether through acquisition or long-term leasing—is highly regarded due to its strategic location, stable construction quality, and sustainable profitability in Hanoi’s premium office segment.
In summary, Diamond Building is an excellent choice for businesses seeking a premium, modern office space with optimal connectivity in Hanoi’s new central district. The combination of reputable developers, large-scale construction, and synchronized amenities creates a high-quality office tower that contributes to the economic growth of Cau Giay District.
