Detailed Review of Gic Riverside Office Building Project - 9 Nguyen Huu Canh Street, Binh Thanh District
In the context of the increasingly vibrant office leasing market in Ho Chi Minh City, Gic Riverside stands out as a noteworthy option for businesses seeking a professional, convenient, and strategically located workspace. Located at 9 Nguyen Huu Canh Street, Ward 19, Binh Thanh District, Gic Riverside not only benefits from excellent transport connectivity but also offers a high-quality working environment. In this article, as a real estate expert, we will provide a detailed analysis and evaluation of this Grade C office building.
Gic Riverside is an office building constructed and completed in 2015, meeting leasing standards in the Binh Thanh area. The project has a total usable area of up to 1,500m2, with each floor measuring 137m2, designed to optimize natural light and airflow, creating a spacious working environment. With a scale of 1 basement, 1 ground floor, 1 mezzanine, and 10 office floors, the building offers flexible area options suitable for businesses ranging from small companies to large enterprises.
Overview of Gic Riverside Project
Gic Riverside is known as an office tower for lease located at the gateway to central Saigon. Although classified as Grade C, the building still ensures essential infrastructure and facilities required for smooth business operations. Its design emphasizes modernity and high practicality.
Basic Information of the Building
- Project name: Gic Riverside
- Location: 9 Nguyen Huu Canh Street, Ward 19, Binh Thanh District, Ho Chi Minh City
- Completion year: 2015
- Scale: 1 basement + 1 ground floor + 1 mezzanine + 10 floors
- Total usable area: 1,500m2
- Floor area: 137m2 per floor
- Classification: Grade C
- Ceiling height: 2.8m
- Building direction: Southeast
The internal design of Gic Riverside includes a ground floor reception lobby and professional front desk area. From the 1st to 8th floors are office spaces with wide corridors ensuring comfortable movement and working conditions. In particular, the office floors have open views, optimizing the working environment and reducing confinement for employees.
The building offers diverse leasing areas from 55m2, 87m2, 137m2, 142m2, 200m2, 250m2, to 500m2, allowing companies to easily choose spaces that match their workforce size and development plans. This flexibility is a major advantage, especially for expanding businesses.
The building is equipped with a modern brand-new passenger elevator and a Daikin central air conditioning system, ensuring stable cooling throughout the building. With a total constructed area of nearly 1,600m2, Gic Riverside provides a standard office environment in Binh Thanh District.
Prime Geographic Location Advantage
Location is a key factor determining the value of any real estate project. Gic Riverside is situated at 9 Nguyen Huu Canh Street, a highly valued location in terms of connectivity. This area is not only in Ward 19, Binh Thanh District but also lies near the city center, directly facing the television station and serving as an important gateway to District 1.
From Gic Riverside, commuting to Saigon’s central business district is extremely convenient. It takes only about 2 minutes to reach District 1 via major routes such as Nguyen Hue, Nguyen Du, Ly Tu Trong, and Le Thanh Ton. This proximity allows businesses easy access to partners, customers, and premium services.
The building is surrounded by several major roads forming a synchronized transport network, including:
- Xo Viet Nghe Tinh Street
- Dien Bien Phu Street
- Pham Viet Chanh Street
- Ton Duc Thang - Ngo Tat To Route
These routes allow fast and efficient connectivity to District 3, District 2, and eastern areas of the city. This central location and flexible connectivity are major competitive advantages of Gic Riverside compared to other Grade C office buildings.
Infrastructure, Internal and External Amenities
To ensure a modern and convenient working environment, Gic Riverside is equipped with synchronized infrastructure and facilities that fully meet business needs.
Standard Internal Facilities
- Parking facilities: Spacious basement and mezzanine parking for both cars and motorbikes. Parking fees are clearly regulated: 1,500,000 VND/car/month and 150,000 VND/motorbike/month.
- Air conditioning system: Central Daikin system ensuring stable temperature throughout the building.
- Backup power system: 705KVA generator ensuring 100% electricity supply during outages, maintaining uninterrupted business operations.
- Security and fire protection: Advanced PCCC system regularly maintained according to standards, 24/7 security guards and modern surveillance cameras installed throughout the building.
- Standard lighting system.
Rich External Amenities
Thanks to its prime location in Binh Thanh adjacent to District 1, Gic Riverside benefits from a wide range of external amenities serving business and employee needs:
- Financial services: Numerous ATMs and major bank branches nearby.
- Food and entertainment: Many cafes and diverse lunch/dining options.
- Shopping and fitness: Near supermarkets, entertainment areas, gyms, and high-security residential zones. It is also close to District 3 shopping centers (quick access).
Financial Policies and Leasing Terms
Rental Costs and Fees
- Office rent: 17 USD/m2 (excluding VAT).
- Management fee: 2 USD/m2 (excluding VAT).
- VAT: 10%.
- Total rent (excluding parking and electricity): 19 USD/m2/month (excluding VAT).
Other Operating Costs
- Water: Free of charge.
- Electricity: Separate meter, 3,200 VND/kWh (excluding VAT).
- Air conditioning electricity: 1.5 USD/m2 during business hours (8:00 AM - 6:00 PM).
- Overtime fee: Negotiable.
Contract Terms
- Minimum lease term: 2 years.
- Deposit: 3 months (including service fee).
- Payment: Quarterly.
- Fit-out period: Free 7 to 30 days depending on area, allowing businesses to set up before operation.
Management Services Details
The 2 USD/m2 management fee covers:
- Building operation and management costs.
- Daily waste collection.
- Cleaning of shared areas and restrooms.
- Periodic pest control services.
- Maintenance of elevators, air conditioning, fire protection, and generator systems.
- Domestic water for shared areas and offices.
- Periodic exterior cleaning of the building.
- Lighting for common areas, parking, and hallways.
These services ensure a clean, safe, and well-maintained working environment, allowing businesses to focus on core operations.
Conclusion
In summary, Gic Riverside is a valuable office leasing option in Binh Thanh District, especially for businesses prioritizing proximity to District 1 and flexible leasing areas. Despite being a Grade C building, it provides adequate infrastructure, facilities, and clear financial terms. With a rental price of 17 USD/m2 plus reasonable fees, Gic Riverside offers high economic value and is an optimal solution for many business types seeking a stable long-term office in Ho Chi Minh City.
The project, with its Southeast orientation and completion in 2015, has proven operational stability. Excellent connectivity and abundant external amenities are key strengths of Gic Riverside. Businesses should consider areas from 55m2 to 500m2 to find the most suitable workspace.
Convenient transportation and high-quality working conditions are the two main factors making Gic Riverside a valuable asset in any office leasing portfolio.
**(Note: This content is expanded to meet the required length based on provided data about the project, focusing on detailed analysis of infrastructure, location, and leasing terms.)**
