Why should businesses choose office in Saigon Hi Tech Park?
Ho Chi Minh City has consistently been a driving force leading the nation’s economy, finance, commerce, technology, and more. Its economic scale has grown by 2.7 times over a decade, from 2011 to 2020. It remains a crucial hub for both the entire country and the Southern region. As one of the three Hi-Tech Parks established by the government, Saigon Hi-Tech Park office continues to serve as a pivotal center for technology in Vietnam. Being a magnet for numerous technology companies, let’s delve into what sets the office for lease in Saigon Hi-Tech Park apart and the reason why businesses are drawn to establish their offices here.
Information about Saigon Hi-Tech Park
Development of Ho Chi Minh City
In just over a decade from 2011 to 2022, Ho Chi Minh City has experienced significant development. The city’s GDP has shown remarkable growth, increasing from 991 trillion VND in 2011 to 1,479 trillion VND in 2022. It consistently contributes over 20% to the national GDP and the total state budget revenue.
The population of Ho Chi Minh City has also surged to over 9.3 million people from 7.5 million in 2011, according to the estimation of World Population Review 2023. Ho Chi Minh City holds the promise of being a vibrant, evolving city and a potential destination for businesses from all sectors.
In recent years, the government has been aiming to transform Ho Chi Minh City into a world-class economic and tech hub. This is evidenced by the establishment of the creative urban area in Thu Duc City, aimed at transforming it into a dynamic hub for technology, economy, and education. It encompasses key zones like the National University Urban Area (education), the Thu Thiem Economic Zone (economy), Saigon Hi-Tech Park (technology) and serves as the heart of the creative urban area.
Ho Chi Minh City is the leading economic and scientific-technical center of Vietnam
Overview of Saigon Hi-Tech Park
Located at the Eastern gateway of Ho Chi Minh City, the Saigon Hi-Tech Park (SHTP) is an area of strategic investment by the city to evolve into a high-tech applied economic and technical hub. Established in 2002, SHTP has been constructed, developed, and operational for over 20 years. It receives direct support and infrastructure investments from the Ho Chi Minh City People’s Committee, serving as the foundation for a modern and dynamic high-tech park.
Transportation within the Saigon Hi-Tech Park benefits from its location on Hanoi Highway, just over a 20-minute drive from the CBD. The area is also linked to the upcoming Metro Line 1 scheduled to commence operations by earlyf 2024 and the new Eastern Bus Station. In the future, upon the completion of Belt Road 3, the Saigon Hi-Tech Park will be directly connected to the Long Thanh – Dau Giay Expressway.
Furthermore, this area is also prioritized for the application of modern technologies (such as 5G network) to enhance the operations of the creative urban area and the new Thu Duc City.
Saigon Hi-Tech Park – The choice for technology companies and foreign investors
Saigon Hi-Tech Park is an area that is oriented towards attracting technology businesses to invest, set up offices, and build long-term operating factories. However, SHTP is not just a place for large enterprises, as small and medium-sized businesses can also find their “home”.
Suitable office spaces for various business scales in Saigon Hi-Tech Park
During the mid-2023 office rent reduction wave, many businesses have decided to choose quality workspace outside the central business districts. In the first quarter of 2023 a press release by Savills, a world-leading real estate service provider, introduced a new classification in office space categorization. It is known as Grade A Suburban offices. This is expected to become a new destination for numerous enterprises in the future. It holds particular appeal for medium and small-sized businesses in their growth stages, as seeking cost-saving measures in their operations.
Based on the demand for office spaces in Saigon Hi-Tech Park from technology companies with not medium scales, projects such as OneHub Saigon have been developed.
OneHub Saigon – An office leasing project in Saigon Hi-Tech Park
Significantly lower rental costs compared to the central business districts
The cost of office for lease in Saigon Hi Tech Park is very reasonable and competitive compared to those of similar quality in the central business districts. This is a sensible solution during the current trend of workspace relocation away from the CBD for many businesses.
Let’s explore the OneHub Saigon project – a typical office leasing project in Saigon Hi-Tech Park. What makes it stand out compared to other office leasing projects?
OneHub Saigon – High quality office for lease in Saigon Hi Tech Park
Overview of OneHub Saigon project
OneHub Saigon is an office leasing project developed in a Campus-style with low-rise buildings meeting Grade A quality standards. The project is developed by GAW NP Capital. It is a joint venture between Gaw Capital Partners, a leading Asian investment fund with over $35.2 billion in assets under management, and NP Capital, a top-tier real estate investment and development fund in Vietnam.
OneHub Saigon integrates multiple services such as offices building, data center, accommodation building, entertainment services, and more. Businesses in need can easily utilize the available facilities and services within the Integrated Business Park.
Grade A Suburban office building at OneHub Saigon
Column-free spacious floor plates for optimal utilization
OneHub Saigon is currently being chosen by numerous businesses as their preferred office location due to its well-optimized floor sizes. Customers easily select workspaces starting from 100m2 up to even selecting an entire building spanning over 10,000m2. These options are well-suited for accommodating larger space requirements, addressing expansion needs, and supporting long-term operations.
The Grade A Suburban buildings within OneHub Saigon High-Tech Park are all designed and constructed to meet the highest quality standards. The office spaces feature expansive, column-free with optimized utilization and 3-meter high ceilings, creating open and airy workspaces for businesses. Each floor provides an usable area of up to 2000m2, enabling flexible office space solutions ranging from 100-2000m2 or more depending on the business’s needs.
Column-free floor plates offer flexible spatial solutions for businesses
Campus-style model with abundant lush greenery
A notable feature of OneHub Saigon, unlike office buildings in the city center, is its development based on a Campus-style model. The project area features a low construction density of only 40%, greenery coverage of 30%, and a shared walkway portion of 30%. The low-rise buildings are surrounded by lush greenery. Additionally, the Campus-style office spaces allocate ample areas for relaxation, entertainment, and outdoor sports activities for employees.
Lush greenery at OneHub Saigon
This office space model is being adopted more and more by numerous major corporations, particularly those in the technology sector, to enhance the physical and mental well-being of their staff members after extended work periods. Notable examples include Google, Apple, and Microsoft. This model requires a large land area, which currently only a few projects in Saigon Hi-Tech Park like OneHub Saigon can fulfill.
Google’s campus-style office
Convenient location
One important point to note about OneHub Saigon is its transportation. Saigon Hi-Tech Park is heavily invested in infrastructure, therefore the Integrated Business Park almost inherits all the strengths of transportation infrastructure in this area.
Located at the entrance of Saigon Hi-Tech Park, it takes just over 20 minutes to drive from OneHub Saigon to the CBD. In addition, Metro Line 1 will have a direct stop at Station 12 connected to the Integrated Business Park via a pedestrian bridge. Therefore, employees working here can commute entirely by Metro from their residence to the company.
Learn more: The importance of the Metro line in Ho Chi Minh City High-Tech Park
Transportation is not a concern when choosing OneHub Saigon
Reasonable cost compared to offices in the CBD
The rent at OneHub Saigon is incredibly competitive when compared to other Grade A workspaces in the city center. Businesses only need to allocate approximately one-third of the cost compared to offices in the CBD. This is the driving factor behind the growing interest in the Integrated Business Park as it offers cost-effective rental solutions while maintaining the experience of a Grade A work environment.
Detailed information: Diagram and technical specifications of Tower 1 LEED Silver standard at OneHub Saigon
A close-up of the front facade of Tower 1 – The Grade A quality office building at OneHub Saigon
Conclusion
There are many factors that businesses need to consider when choosing an office for lease in Saigon Hi Tech Park, especially for technology companies. If a business is looking for a high-quality office space that is still budget-friendly during the current decentralization wave, OneHub Saigon is an excellent choice in Saigon Hi-Tech Park.
