ThaiSquare The Merit (formerly LP Bank Tower) is a Grade A office building located at 43-45-47 Nguyen Thi Minh Khai Street, Xuan Hoa Ward, District 1, Ho Chi Minh City. The developer is Thai Holdings Investment Joint Stock Company. The building opened on 31 July 2024, making it one of the newest Grade A buildings in the District 1 CBD core at that time. The architectural design follows a classical-contemporary style, combining premium materials with an all-glass envelope, creating a distinguished and sophisticated facade that sets it apart from the typical blue-glass Grade A towers in the area. The building holds LEED Gold certification – the U.S.-based international green building standard – confirming its performance in energy efficiency, indoor air quality, and water management systems.
Nguyen Thi Minh Khai is a major arterial road connecting District 1 with District 3, Binh Thanh, and the Thu Thiem urban area – offering convenient access in multiple directions without dependence on a single route. A notable advantage is the building’s proximity to Tao Dan Park and April 30th Park – two rare green spaces in the CBD core that provide walkable leisure areas immediately after working hours, a feature few Grade A buildings in District 1 can offer.
| Info |
Details |
| Address |
43-45-47 Nguyen Thi Minh Khai Street, Xuan Hoa Ward, District 1, Ho Chi Minh City |
| Developer |
Thai Holdings Investment Joint Stock Company |
| Opening Date |
31/7/2024 |
| Grade |
A |
| Certification |
LEED Gold |
| Rental Price |
47 USD/m²/month (exclude VAT, exclude maintenance fee) |
| Maintenance Fee |
7 USD/m²/month (including air-conditioning) |
| Motorbike Parking |
380,000 VND/vehicle/month |
| Car Parking |
5,000,000 VND/vehicle/month |
ThaiSquare The Merit building scale
ThaiSquare The Merit has a structure of 5.5 basement floors and 19 above-ground floors, with a total leasable office area of over 12,000 m² and a typical floor plate of 699 m²/floor. Offices are arranged from the 2nd to the 19th floor in an open-plan design with minimal columns, all-glass perimeter walls maximizing natural light and open views. Ceiling height is 2.7 m. Leasable area ranges from 300 m² to 1,100 m², with flexible multi-floor combinations available for businesses requiring vertical expansion.
Floor allocation by function
All above-ground floors are dedicated to office use, while the large-scale basement ensures sufficient parking for the entire building – a clean layout with no floors shared with retail or residential uses.
- Basement B1-B5.5: Car and motorbike parking
- Ground floor: Main reception lobby, retail and podium services
- Floors 2-19: Office space for lease (699 m²/floor, from 300 m² to 1,100 m²)
Technical specifications
ThaiSquare The Merit was built with fully integrated Grade A international technical infrastructure from the outset – not progressively retrofitted like many upgraded Grade B buildings. The central VRV air-conditioning system covers all cooling costs during business hours within the $7/m² maintenance fee, so tenants incur no additional seasonal fluctuations. Five high-speed passenger elevators serve tenants exclusively, with one heavy-duty service elevator operating independently. LEED Gold certification requires all technical systems – ventilation, lighting, and water management – to perform at defined efficiency thresholds on an ongoing basis, not merely as initial design criteria.
- Elevators: 5 high-speed passenger elevators + 1 service elevator
- Air-conditioning: Central VRV – cooling included in maintenance fee
- Generator: 100% backup capacity
- Fire protection: Up to standard
- CCTV: 24/7 security monitoring
- Green certification: LEED Gold
| Specification |
Details |
| Structure |
5.5 basements + 19 above-ground floors |
| Total leasable office area |
>12,000 m² |
| Floor plate |
699 m²/floor |
| Leasable area |
300 m² – 1,100 m² |
| Ceiling height |
2.7 m |
| Orientation |
Northwest |
| Elevators |
5 passenger elevators + 1 service elevator |
| Air-conditioning |
Central VRV (cooling included in maintenance fee) |
| Generator |
100% backup capacity |
| Certification |
LEED Gold |
| Operating hours |
Mon-Fri: 8:00-18:00 / Sat: 8:00-12:00 |
| Deposit |
3 months |
| Payment |
Quarterly |
Amenities and services at ThaiSquare The Merit
ThaiSquare The Merit operates under Grade A building management standards with a maintenance fee of $7/m²/month including air-conditioning – an all-inclusive rate that allows businesses to control fixed monthly costs without additional variable electricity charges. Compared to many Grade A buildings that bill electricity separately by meter, this approach is significantly more transparent and easier to budget. The property management team operates the entire building to standardized procedures, meeting the requirements of multinational corporations and international financial institutions.
Property management services
- Professional reception, 24/7 security, and building-wide CCTV monitoring
- Central VRV air-conditioning during business hours – included in maintenance fee
- Daily cleaning of common areas and per-floor restrooms
- Individual office waste collection and scheduled pest control
- Elevator and all shared building systems maintenance and servicing to manufacturer standards
On-site amenities
- Reception lobby (ground floor) – classical-contemporary design creating a strong brand impression from the first visit with business partners
- Parking (5.5 basement floors) – large capacity, fully meeting the parking needs of a 19-floor Grade A office building
To receive a specific quote based on your preferred area and floor, contact RSQUARE – a professional office leasing consultancy in Ho Chi Minh City – for free consultation and full support from site visit to contract signing.
RSQUARE
Phone: +84-28-3636-9641 (Vietnamese/English) | +82-2-6925-3298 (Korean)
Email: support@rsquare.vn
