Keangnam Hanoi Landmark Tower (Landmark 72)

Sold

Overview

Land area: 
46,056 sqm
Unit area: 
0 sqm
GFA: 
609,673 sqm
NLA: 
197,935 sqm
Hits: 
1,135
General Information
· Street no: · Street: Pham Hung · Ward: Me Tri · District: Nam Từ Liêm · City: Hanoi
· Project (GFA): 609,673 sqm

All areas are approximate and as reported.

Property Notes

General description:

Upon completion in 2012, Keangnam Hanoi Landmark Tower was the tallest building in Vietnam ( Before Vincom Center Landmark 81 completion in July 2018) and was a redefining moment for the city of Hanoi, which at the time had very few tall buildings. It includes two 48-floor residence buildings and a 72-storey building, symbolising Vietnam's economic growth. The base of the Keangnam Hanoi Landmark Tower is attached to a shared podium structure containing shops, a department store and a cinema from which all three towers rise. The main tower comprises grade A offices on floors 12-46, with approximately 3,000 sqm net usable area per floor which is the largest floor plate in town. Serviced apartments are located on floors 48-60 and a full serviced hotel on floors 62-70. The uppermost 72nd floor contains an observatory with a panoramic view of Hanoi and its rapidly growing skyline. 

Legal/ developer overview:

40 Years Remaining on Land Lease at Date of Sale Q1 2016. Many labour accidents in phase time of construction and 1 fire in August 2011.

Merger & acquisition &/or sale:

Transaction reported Q1 2016, the seller was reported to be Bankruptcy Court of Korea (as mortgagee in possession) and the buyer, AON Holdings from South Korea. Please see our subscription offer for more information.

On 11 June 2008, an agreement was signed between the building owner and the InterContinental Hotels Group to operate the 359-room hotel under InterContinental Hanoi Landmark 72 with 9 Hotel Floors from 62nd Floor to 70th Floor (Hotel Club Lounge located on the 71st Floor). It was reported in early 2016 that a Vietnamese court valued the complex at US$ 770 million in May 2015 and AON Holdings from South Korea would take over the bank loan by paying US$ 373.4 million to become the majority owner (Source: Wikipedia).

Marketing, leasing or asking price:

Q3 2018 the average monthly asking rent for office sector is reported at US$33 per sqm and US$34 per sqm for retail and US$27 per sqm for serviced apartment, including 10% VAT and 5% service charge. Minimum lease term is 1 year

Q4 2019 The average normal serviced apartment room rate is reported to be about US$333.33 per night excluding fees and taxes. (Except other Suite rooms.)

The average monthly asking office rent is reported to be about US$27 per sqm per month excluding US$ US$6 service charges and 10% VAT.

The preferred lease term is 3 years and a 3 month deposit is required. Motorbike and car parking fees are US$5 and US$100 per month respectively.

Condominium asking price:

(High-level) 3 bedroom type: GFA 156 sqm, priced from US$303,000 to US$303,030.

(Medium-level) 3 bedroom type: GFA 156 sqm, priced was about US$198,251. 
 

Sale & evidence history

You are not a Subscriber. Click here to upgrade.

General amenities

  • Bus station
  • Entertainment centre
  • Hospital
  • Metro station
  • Modern retail complex
  • Museum
  • Parkland
  • School
  • Sporting complex
  • Supermarket/Minimart
  • Traditional market
  • University

Facilities

  • Childrens play gym
  • Escalators
  • Food Court
  • Gymnasium
  • Lifts
  • Meeting room
  • Playground
  • Pool/s
  • Reception/ concierge
  • Running track
  • Sauna
  • Spa
  • Tennis court
  • Yoga
  • Pro shop
  • Gym/fitness centre
  • Business centre
  • Cafe
  • Restaurant

Add to saved properties Get alerts for free

There are many reasons to join the goREDN team, sales and transaction data, additional property info such as designers and mangers, asking price and price trends are all at your fingertips. Click here to join today.

Featured Companies