Officetel is a designated property segment for start-up
Choosing the right office is a fundamental decision for all businesses; it is even more concerned, and challenging, for start-up. New start-up often copes with issues such as costs, cash-flow, head-counts, business operations and business developments. They normally have less staff but their staff are young, active and talented. They like to work in modern workplace and innovation environments where they feel comfortable and creative, with mobility and high technology. So how can start-up owners could find a solution to both fit into their budget but still satisfied workplace expectation from their staffs?
According to real estate experts, if the start-up owners are engaged in traditional office leasing contracts (normally for 3 to 5 years), they will have to pay for higher rent, additional costs of fitting out, and still have no ownership of the property, which may impact the stability of the business in the long run. From these rising concerns, developers quickly caught on the idea and advocate ‘officetel’ as a more affordable and flexible type of property which can accommodate start-up businesses’ needs.
Officetel solves these problems of a traditional office by applying up-front payment policies for 50 years ownership, meaning no rent payments every quarteror office fitting out costs, while receiving ready and convenient services, and excellent quality office space. Unsurprisingly, officetel quickly became a favorable option for newly established companies.
A great officetel example is Ecolife Capitol located at 58 To Huu, Ha Dong, Hanoi. The building is managed by ECH Building Management JSC which provides full range of services such as cleaning, laundry, technical, construction, printing, photocopy, mailing and airport pick-up. In addition, the project itself offers tenants with one-stop shop services of spa, swimming pool, sky bar, banking, kindergarten, supermarket, restaurant and cafeteria.
Officetel EcoLife Capitol
Officetel offers flexible buy or lease options
In order to increase the affordability of the officetel segment, developers offer lease option to office occupants as an additional choice for who has less financial capability. At Ecolife Capitol, rental for one officetel is only from VND10 mil per month. Tenants will have the opportunity to experience green and modern office space at minimum cost and they could ask to transfer to long term ownership later when they have sufficient funds.
Capital House recently announced a special promotion for officetel buyers effective until 18 November 2018 in which buyers will receive the EcoService package including 1 year service charge free, 1 year of 1 car and 2 motorbike parking free, and 1 year gym membership free. Not only that, buyers will receive discounts up to 9,5% for each unit with different payment term conditions. Notably, the first 20 buyers will receive 50mil VND as fitting out contribution by the developer. Furthermore, during the Month of start-up business, any buyer signed contracts for units with numbers 03 or 04 will be gifted a golden rose valued at 20mil VND. Any of these promotions also be deductible into the contract price.
For inquiry to visit officetel in Ecolife Capitol, please contact: 0916 25 00 33
