Cowaelmic Building Project: Detailed Overview of a Mixed-Use Complex in Thanh Xuan, Hanoi
Cowaelmic Building is a mixed-use real estate project developed by COWAELMIC Joint Stock Company for Electrical Water Installation and Construction. This is one of the developer’s pioneering projects aimed at optimizing land use efficiency while aligning with Hanoi’s overall urban development orientation. Located in a prime area, the project has been operational since 2007, providing diverse spaces including corporate offices, banking facilities, and residential apartments to serve both living and working demands in Thanh Xuan District.
1. Strategic Location and Connectivity
Cowaelmic Building is located at 198 Nguyen Tuan Street, Nhan Chinh Ward, Thanh Xuan District, Hanoi. This address is highly regarded for its excellent connectivity and convenient transportation network. Nguyen Tuan is an important street that allows easy access to Hanoi’s major arterial roads, enabling residents and businesses to quickly connect to central and surrounding districts.
Thanh Xuan is known as one of Hanoi’s fastest-developing urban areas, home to numerous public amenities, schools, hospitals, and large commercial centers. The presence of Cowaelmic in this area not only enhances transportation convenience but also ensures a modern and comfortable living and working environment.
The project’s exact coordinates are Latitude 21.00098419 and Longitude 105.8014755, accurately identifying the building’s location on Hanoi’s urban planning map. The development of Cowaelmic has contributed to completing the architectural infrastructure of the Nhan Chinh – Thanh Xuan area.
2. Project Overview and Developer Information
The project developer is COWAELMIC Joint Stock Company for Electrical Water Installation and Construction. As the project investor, COWAELMIC developed this building with the objective of maximizing land use efficiency while complying with Hanoi’s overall urban planning.
The project was launched and completed in 2007, demonstrating the developer’s experience and sustainable project development capability. Cowaelmic is a multifunctional complex that serves both office and residential needs, including:
- Office spaces and the company’s headquarters.
- Banking facilities.
- Residential apartments.
2.1. Scale and Area
Cowaelmic Building was developed on a total land area of 1.29 hectares. However, the actual construction footprint covers 1,890 m². The building consists of 17 floors, creating an architectural highlight along Nguyen Tuan Street.
The project’s total gross floor area reaches 12,938 m². With a total investment capital of approximately 70 billion VND, the project was carefully invested in to ensure high construction quality.
2.2. Project Status and Completion
The project was completed and put into operation in 2007. This ensures that investors, apartment buyers, or office tenants can immediately utilize the property without waiting for construction progress.
In the context of Hanoi’s real estate market, the fact that a project such as Cowaelmic has been completed and stably operated for many years is an important factor confirming its legal transparency and construction quality.
3. Technical Infrastructure and Internal Facilities
As a mixed-use building, Cowaelmic is equipped with a modern technical infrastructure system that meets the standards for both office leasing and residential apartments. Key technical specifications include:
Building Structure:
- Total floors: 17 floors.
- Ceiling height: 2.7m, creating a spacious environment for both office spaces and apartments.
Elevator System:
- The building is equipped with 01 elevator with a capacity of 650kg, serving residents and office users within the building.
Air Conditioning System:
- The project utilizes concealed ceiling-mounted Fujishu air-conditioning systems combined with Carrier standing units, ensuring efficient cooling and optimal temperature control for separate areas.
Backup Power System:
- Equipped with a backup generator providing 100% backup power capacity. This is particularly important for office and banking operations, ensuring uninterrupted activities even during power outages.
Fire Prevention and Security:
- The fire protection system is fully equipped, including fire alarms and extinguishers.
- A 24/7 security system ensures absolute safety for assets and residents within the building.
For office leasing purposes, the typical rental floor area is 108 m², suitable for small and medium-sized enterprises seeking office space in Thanh Xuan District.
4. Selling Price Information and Reference Price Range
Although the project has been operational for many years, pricing information remains a key factor for secondary market transactions and current leasing activities. The reference selling price range recorded for Cowaelmic is:
85.57 million VND/m² - 103.71 million VND/m²
This pricing range reflects the real estate value in the Nguyen Tuan – Thanh Xuan area, one of Hanoi’s central districts. Prices vary depending on apartment location, floor level, orientation, and transaction timing.
5. Conclusion: Competitive Advantages of Cowaelmic
As a completed mixed-use project that has been operating stably for years, Cowaelmic Building offers numerous competitive advantages within Hanoi’s real estate market:
- Prime location: Situated at 198 Nguyen Tuan Street with excellent connectivity and access to the synchronized infrastructure of Thanh Xuan District.
- Reputable developer: COWAELMIC Joint Stock Company has proven its capability through the project’s quality and long-term operational stability.
- Completed technical infrastructure: High standards for backup electricity, air-conditioning systems, and 24/7 security.
- Diverse functionality: Serving office, banking, and residential purposes, creating a multifunctional community.
With competitive pricing compared to the general market level in central Hanoi, Cowaelmic is a worthy option for both owner-occupiers and investors seeking stable-income assets in the capital city.
(This article is developed based on technical specifications and general information about the Cowaelmic Building project at 198 Nguyen Tuan, Hanoi.)
(Please note: Pricing information may change according to market conditions at the time of actual transaction.)
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Detailed Project Notes:
- Project name: Cowaelmic Building
- Address: 198 Nguyen Tuan Street, Nhan Chinh Ward, Thanh Xuan District, Hanoi.
- Developer: COWAELMIC Joint Stock Company for Electrical Water Installation and Construction.
- Completion year: 2007.
- Project land area: 1.29 hectares.
- Construction area: 1,890 m².
- Total gross floor area: 12,938 m².
- Total investment capital: 70 billion VND.
- Ceiling height: 2.7m.
- Equipment: Fujishu concealed ceiling-mounted air-conditioning system combined with Carrier standing units.
- Current status: Completed and operational.
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Choosing a real estate property should be based on investment goals and actual usage needs. With Cowaelmic, investors can immediately take advantage of the benefits of a stable asset located in one of Hanoi’s economically developed areas. The combination of offices, banking facilities, and apartments creates high liquidity for the project, especially for apartments that have already been proven by the market in terms of living quality and surrounding amenities.
This 17-story building is not only an ideal residential location but also an effective office and business destination for many enterprises. With professional operation management, Cowaelmic Building continues to stand out in the mixed-use real estate segment in Thanh Xuan District.
Factors such as the central location, strong transportation connectivity, and modern technical systems like the 100% backup power generator were prioritized by the developer to enhance user experience and quality of life for residents and office tenants.
The success of Cowaelmic demonstrates the vision of the COWAELMIC developer in creating high-quality projects that contribute to the sustainable urban development of Hanoi. The project is a typical example of effectively utilizing valuable inner-city land while balancing commercial development needs and social welfare requirements.
The price segment ranging from 85.57 million VND/m² to 103.71 million VND/m² clearly positions the project within the premium real estate category, suitable for financially capable customers seeking quality and convenience. In the future, with the continuous development of infrastructure in Thanh Xuan District, the value of Cowaelmic Building is expected to continue increasing.
For those searching for a residence or office space in the Nhan Chinh – Nguyen Tuan area, Cowaelmic deserves to be a top-priority choice thanks to its proven quality, strategic location, and operational stability.
