Tung Shing Square

Tung Shing Square is a prominent option for businesses seeking an office for lease in Hoan Kiem or a professionally managed office for lease in Hanoi.

Located at 2 Ngo Quyen Street, Hoan Kiem Ward, Hoan Kiem District, the building stands within Hanoi’s long-established financial, administrative and commercial core.

Major banks, government organizations, five-star hotels and leading domestic and international companies are concentrated throughout the surrounding area.

Tung Shing Square combines a prestigious address with flexible leasing areas, professional infrastructure and a strong corporate environment.

An office for rent at Tung Shing Square may therefore suit financial institutions, multinational companies, representative offices and professional service businesses that value corporate image and operational stability.

Companies considering office space for lease at Tung Shing Square should assess more than the advertised rent. Usable area, service charges, parking, air-conditioning costs, handover conditions and lease obligations can materially affect the final decision.

This guide provides a practical overview of the building’s location, scale, architecture, facilities, business environment, indicative rental price and leasing considerations.

Overview of Tung Shing Square

Tung Shing Square is a Grade B+ office building in one of the most commercially valuable areas of Hoan Kiem District.

The building offers more than a physical workplace. A central Ngo Quyen address can strengthen corporate recognition, reinforce professional credibility and create a positive first impression for clients, partners and senior-level candidates.

Key building information

• Building name: Tung Shing Square
• Address: 2 Ngo Quyen Street, Hoan Kiem Ward, Hoan Kiem District, Hanoi
• Office grade: Grade B+
• Scale: 15 above-ground floors
• Total office area: More than 12,000 m²
• Typical floor plate: Approximately 700 m²
• Flexible leasing areas: From approximately 50 m² to a full floor
• Building use: Professional office leasing

Within the market for an office for lease in Hoan Kiem, Tung Shing Square stands out because it combines:

• A central financial-district address
• Convenient transport and business connections
• A high-quality corporate environment
• International-standard technical systems
• Flexible office areas
• Professional building management
• More manageable costs than some Grade A properties nearby

The building’s positioning may be particularly attractive to companies that require a prestigious central office but still need to control their long-term occupancy budget.

Suitable tenant profiles

Tung Shing Square may suit:

• Banks and financial institutions
• Insurance companies
• Securities and investment firms
• Multinational companies
• International representative offices
• Legal and consulting firms
• Audit and accounting businesses
• Professional service companies
• Organizations that regularly receive senior clients and partners

For companies comparing office space for rent in Hanoi Vietnam, Tung Shing Square is most relevant when address, operational quality and business image are significant decision factors.

Location and Transport Connections of Tung Shing Square

Location is arguably the building’s strongest advantage. Tung Shing Square stands at 2 Ngo Quyen Street, within an area sometimes described as Hanoi’s traditional financial district.

Banks, financial institutions, securities companies, government organizations and premium hotels are concentrated nearby.

Connections to important streets and districts

From Tung Shing Square, occupants can conveniently reach:

• Tran Hung Dao Street
• Ly Thuong Kiet Street
• Hai Ba Trung Street
• Ba Trieu Street
• Trang Tien Street
• Ly Thai To Street
• Hanoi Old Quarter
• Hoan Kiem Lake
• Other central districts

These connections are particularly beneficial to companies whose teams regularly attend meetings, conduct banking transactions or work with government and financial organizations.

Important nearby destinations

The surrounding area includes:

• State Bank of Vietnam
• Vietcombank
• BIDV
• Hanoi People’s Committee
• Vietnam Electricity
• SSI and other securities firms
• Hanoi Opera House
• Sofitel Legend Metropole Hanoi
• Hoan Kiem Lake
• International Centre
• VinaPlast Building

This concentration of corporate, administrative and hospitality facilities creates a strong operating environment for both domestic and foreign businesses.

Practical location benefits

Leasing an office at Tung Shying Square may help a business:

• Receive clients and partners conveniently
• Strengthen corporate credibility
• Conduct financial transactions efficiently
• Reduce travel time between central appointments
• Attract employees who prefer a central workplace
• Access premium hotels and meeting venues
• Develop relationships within an established financial community

The building is located in Hoan Kiem Ward. Companies also searching for office rental in Cua Nam Ward can compare nearby properties across both wards, but they should treat Tung Shing Square as a Hoan Kiem Ward option when assessing local access, administrative information and map listings.

A site inspection should ideally be arranged during a weekday peak period. This allows the tenant to assess actual traffic, passenger drop-off, pedestrian access and parking availability.

Building Scale and Office Space for Lease at Tung Shing Square

Building Scale and Office Space for Lease at Tung Shing Square offer professional workspace options suitable for businesses of different sizes, with flexible office areas designed to support efficient operations in Hoan Kiem, Hanoi

Tung Shing Square comprises 15 above-ground floors and provides more than 12,000 m² of office space. A typical floor offers approximately 700 m².

This scale allows the building to serve small representative offices, medium-sized companies and larger organizations requiring substantial contiguous areas.

Flexible leasing areas

Subject to current floor configuration and vacancy, office options may include:

• 50–100 m²: Representative offices, specialist teams and small businesses
• 120–250 m²: Medium-sized companies, professional service firms and consulting businesses
• 300–500 m²: Companies with several departments
• Near-full or full-floor offices: Larger organizations seeking privacy, visibility and operational control

A floor of approximately 700 m² may accommodate:

• Dedicated reception
• Open-plan workstations
• Executive offices
• Small and large meeting rooms
• Collaboration areas
• Pantry
• Storage
• Server or technical room
• Employee-support areas

Actual seating capacity depends on workstation density, circulation, enclosed-room requirements and fire-safety regulations.

Confirm net usable area

Before selecting office space for lease at Tung Shing Square, a tenant should distinguish between gross leased area and net usable area.

The landlord or authorized representative should confirm:

• Gross leased area
• Net usable area
• Common-area allocation
• Measurement method
• Columns and technical shafts
• Shared corridors and facilities
• The area used to calculate rent
• The area used to calculate service charges

A professionally prepared test-fit plan can show whether the premises will accommodate the required employees, meeting rooms and support facilities.

Expansion planning

Growing businesses should ask whether adjacent units or additional floors may become available during the proposed lease term.

Where appropriate, the tenant may negotiate:

• Right of first offer on neighbouring space
• Right of first refusal
• Expansion within the same building
• Permission to relocate internally if a larger unit becomes available

These provisions can reduce the risk of an expensive relocation when the business expands.

Architecture and Office Standards at Tung Shing Square

Tung Shing Square was among Hanoi’s earlier high-rise office developments designed to international standards.

Although it entered operation earlier than many newer office towers, the building remains relevant because of its central address, logical planning and established technical infrastructure.

Principal architectural characteristics

• Recognizable high-rise form
• Modern and durable design
• Efficient office planning
• Logical floor configuration
• Open and professional working environment
• Suitable layouts for corporate tenants

The building prioritizes functionality, which is important for businesses seeking a workplace that can support long-term operations rather than image alone.

Technical standards

According to the supplied information, the building includes:

• High-speed lifts operating at approximately three metres per second
• Central air conditioning adjustable by zone
• Fire prevention and firefighting systems meeting international standards
• Backup generator supporting 100% of electricity requirements
• CCTV and 24/7 security

These systems can support:

• Efficient vertical transportation
• More flexible temperature control
• Improved workplace comfort
• Reduced disruption during power failures
• Safer and more stable daily operations

Prospective tenants should confirm the number and capacity of lifts, normal air-conditioning hours, overtime cooling charges and the exact coverage of backup power.

Interior planning

The typical floor may support:

• Conventional corporate offices
• Open-plan workplaces
• Client-facing advisory offices
• Financial transaction offices
• Hybrid work environments
• Offices with training and meeting facilities

Before signing a lease, the tenant should request a written handover specification identifying which items will be provided, including:

• Flooring
• Ceiling
• Lighting
• Internal partitions
• Electrical capacity
• Air-conditioning connections
• Fire-safety systems
• Internet and telecommunications infrastructure

Fit-out elements visible during an inspection may belong to an outgoing tenant and should not automatically be assumed to form part of the handover.

Equipment, Amenities and Services at Tung Shing Square

The building provides a relatively comprehensive technical environment for a Grade B+ office property.

Principal internal facilities

• High-speed lift system
• Central air conditioning
• Zoned temperature adjustment
• Full-capacity backup power
• Fire prevention and firefighting systems
• CCTV and 24/7 security
• Professional management and operational services

These facilities support stable business operations and help maintain an appropriate environment for employees and visitors.

Professional property management

The property is managed by a professional building-management team. Effective management can influence:

• Maintenance quality
• Technical response times
• Security
• Common-area presentation
• Tenant communication
• Cleaning and operating standards
• Overall workplace experience

Tenants should request the service handbook and a detailed list of services included in the service charge. The management description is useful, but the lease should define measurable responsibilities and operating standards.

Surrounding amenities

The area provides convenient access to:

• Major banks
• Five-star hotels
• Restaurants
• Cafés
• Shopping centres
• Administrative organizations
• Financial institutions
• Professional office buildings

This business ecosystem helps Tung Shing Square function as more than standard commercial space for rent Hanoi. The surrounding services can support banking, meetings, client entertainment and employee needs.

Business Environment and Suitable Tenant Profile

The area around Tung Shing Square accommodates:

• Banks
• Securities companies
• Financial institutions
• Government organizations
• International businesses
• Professional service firms
• Premium hotels

This environment can strengthen corporate credibility and provide access to potential clients, partners and professional services.

Suitable industries

The building may be particularly appropriate for:

• Banking and finance
• Securities and investment
• Insurance
• Legal services
• Consulting and auditing
• Technology
• Professional services
• International representative offices

Tung Shing Square may be less suitable for companies requiring heavy logistics access, industrial storage or a suburban campus environment.

Each company should evaluate the building according to its operational model, employee locations and client requirements rather than choosing it solely for prestige.

Why Lease an Office at Tung Shing Square?

The principal reasons to consider an office for rent at Tung Shing Square include:

1. Prime Ngo Quyen address

The building stands within Hanoi’s established financial and administrative district.

2. Strong corporate image

A central Hoan Kiem address can reinforce credibility with customers, partners and employees.

3. Flexible leasing areas

Options from approximately 50 m² to a full floor can accommodate organizations of different sizes.

4. Large typical floor plate

A floor of approximately 700 m² can support multiple subdivisions or a substantial private workplace.

5. Professional technical infrastructure

High-speed lifts, zoned air conditioning, full backup power, fire safety and continuous security support daily operations.

6. High-quality business environment

Banks, securities firms, government organizations and professional companies are concentrated nearby.

7. Strong surrounding amenities

Hotels, restaurants, cafés and commercial services support employees and client meetings.

8. Balance between quality and cost

The property offers a premium central environment while potentially remaining more cost-effective than certain Grade A buildings.

Companies comparing alternatives may also review VinaPlast Building to assess differences in office grade, floor size, facilities and total occupancy cost.

Rental Price and Office Availability at Tung Shing Square

The indicative rental price is approximately USD 25–30/m²/month.

This is a reference range rather than a final all-inclusive quotation. Actual pricing may vary according to the specific premises and commercial terms.

Factors affecting the rental price

The final rental rate may depend on:

• Leased area
• Floor and unit position
• View and orientation
• Handover condition
• Lease duration
• Market demand
• Vacancy level
• Deposit and payment schedule
• Landlord incentives

Calculate total occupancy cost

When comparing the office rental price Hanoi market provides, businesses should confirm whether each quotation includes or excludes:

• Service charge
• Value-added tax
• Electricity
• Standard-hours air conditioning
• Overtime air-conditioning charges
• Motorcycle and car parking
• Internet and telecommunications
• Internal office cleaning
• Signage
• Fit-out management fees
• Utility deposits
• Other one-off costs

A lower headline rent does not always result in a lower total cost. Every shortlisted building should be evaluated through a consistent monthly and annual occupancy-cost calculation.

Review the lease conditions

The lease or letter of offer should clearly define:

• Gross and net usable area
• Handover date
• Lease commencement date
• Rent commencement date
• Fit-out period
• Security deposit
• Payment frequency
• Annual rent escalation
• Renewal rights
• Expansion options
• Early-termination conditions
• Subleasing restrictions
• Repair responsibilities
• Reinstatement obligations at lease expiry

Any rent-free period, fit-out support or commercial concession should be recorded in writing.

Current office vacancies

Available space at Tung Shing Square can change frequently. Well-positioned units and areas of approximately 100–300 m² may attract significant interest.

Before arranging inspections, a company should define:

• Target usable area
• Current and projected headcount
• Maximum total monthly budget
• Preferred move-in date
• Meeting-room requirements
• Parking demand
• Technical requirements
• Preferred handover condition

This information enables an adviser to identify relevant vacancies and avoid unnecessary viewings.

Office for Lease in Hanoi – Contact HL Land

If your company is searching for an office for lease in Hanoi, an office for lease in Hoan Kiem or specifically an office space for lease at Tung Shing Square, HL Land can support the complete leasing process.

HL Land assists corporate tenants with:

• Updated rental quotations and landlord incentives
• Current office vacancy information
• Requirement-based shortlisting
• Building inspections
• Total occupancy-cost comparisons
• Commercial-term analysis
• Landlord negotiations
• Lease signing
• Handover coordination

Rental quotations and vacancy information are obtained from the landlord or authorized representatives. Corporate tenants do not pay an additional brokerage service fee to HL Land for standard office-leasing consultancy.

Contact HL Land with your required area, headcount, budget, parking needs and target move-in date to receive a relevant shortlist and arrange an inspection.

HL Land – A dedicated advisory partner for a workplace worthy of your business.