Gelexia Riverside

Gelexia Riverside at 885 Tam Trinh is a 3.5-hectare, four-tower complex in southern Hanoi handed over from 2018, with roomy 2-3 bedroom layouts and some of the softest rents in Hoang Mai.

Street scene in Hoang Mai district, Hanoi, where Gelexia Riverside stands
Developer
HTL Vietnam Construction and Real Estate Investment JSC (Geleximco group)
Status
Handed over
Address
885 Tam Trinh, Linh Nam Ward, Hanoi
Total area
About 3.5 ha
Towers
4
Units
1,000
Handover
From Q2 2018
Ownership
Long-term for Vietnamese buyers; 50 years for foreigners

Updated

Amenities

  • Landscaped internal courtyards
  • Children's play area
  • Gym
  • Kindergarten on site
  • Retail podium and cafes
  • Basement parking

Gelexia Riverside is the kind of project that rewards people who care more about floor area than about a fashionable address. At 885 Tam Trinh in southern Hanoi, it offers two- and three-bedroom apartments between roughly 68 and 120 sq m, and asking rents here still start around 8.5 to 9 million dong a month for a furnished two-bedroom — well under what the same space costs closer to the centre.

The developer is HTL Vietnam Construction and Real Estate Investment, a member company of the Geleximco group. The complex covers about 3.5 hectares and mixes four apartment towers of roughly 33 storeys with a row of low-rise townhouses, a retail podium and a basement car park. Handover ran through 2018, so the buildings are settled and the management routine is established.

What residents tend to mention first is the outlook. The site faces the Yen So park area and, from the upper floors of the CT2 and CT3 blocks, you get open views towards the Red River and the Gamuda Gardens estate rather than the wall of neighbouring towers you would see in Thanh Xuan or Cau Giay.

Gelexia Riverside at a glance

DeveloperHTL Vietnam Construction and Real Estate Investment JSC (Geleximco group)
Address885 Tam Trinh, Linh Nam Ward, Hanoi
Site areaAbout 3.5 ha
ApartmentsOver 1,000
TowersFour residential blocks (CT1, CT2A, CT2B, CT3) of about 33 storeys, plus townhouses
Unit sizesAbout 65 – 120 sq m, two to three bedrooms
HandoverFrom Q2 2018
StatusHanded over
OwnershipLong-term for Vietnamese buyers; 50 years for foreign buyers

Location and getting around

Tam Trinh is one of the main arteries running south from the Minh Khai junction, and the road has been progressively widened, which has lifted values along it. Times City and the Vinmec hospital are about five minutes away by car, the Ring Road 3 interchange is close, and the Mai Dong market area covers everyday shopping.

The honest caveat is the approach. The lane into the complex off Tam Trinh is narrow in places and the surrounding streets still carry construction and truck traffic. If you work in Hoan Kiem or Ba Dinh, budget 25 to 35 minutes in the morning.

Inside, the amenity set is mid-market rather than luxury: landscaped courtyards between the towers, a children’s play area, a gym, kindergarten, and shops and cafes on the podium levels. For many tenants in this price band that is the right trade.

Residential blocks in the Linh Dam area of Hoang Mai, Hanoi
Apartment blocks in nearby Linh Dam give a sense of the built form around Tam Trinh. Photo: Ltn12345 / Wikimedia Commons, CC BY-SA 4.0.

Who it suits

  • Tenants who want a genuine three-bedroom in Hanoi for under 15 million dong a month
  • Families working in Hoang Mai, Hai Ba Trung or along the Ring Road 3 corridor
  • Buyers after a lower entry price per square metre than the Times City cluster nearby
  • Anyone who wants open river or park views rather than facing another tower

Before you buy or rent

  • Walk the access lane off Tam Trinh at rush hour before committing. It is the project’s weakest point and it affects daily life more than any floor plan detail.
  • Check which block a unit is in. CT2A and CT3 carry the better views; lower floors in CT1 are closer to the road.
  • Confirm the pink book has been issued for the specific apartment, and get the service charge and motorbike or car parking fee in writing.
  • Ask the management board about the building maintenance fund and any outstanding resident disputes, as you would at any complex of this vintage.

Sources

Compiled from Vietnamese coverage of the project and the Geleximco group (Bao Dau tu, VietnamNet, VnEconomy, VietnamFinance) and from live sale and rental listings on batdongsan.com.vn and muaban.net. Prices and rents reflect the market at the time of writing.

Frequently asked questions

Who developed Gelexia Riverside?

HTL Vietnam Construction and Real Estate Investment JSC, a member company of the Geleximco group.

How many apartments are there at Gelexia Riverside?

More than 1,000, across four residential towers on a site of about 3.5 hectares.

When was Gelexia Riverside handed over?

Handover began in the second quarter of 2018 and the complex is fully occupied.

How much does it cost to rent at Gelexia Riverside?

Furnished two-bedroom apartments have recently been listed from roughly 8.5 to 9.5 million dong a month, with three-bedroom units around 10 to 14 million.

Can foreigners buy at Gelexia Riverside?

Yes, on the standard 50-year renewable basis, subject to the building’s 30 per cent foreign-ownership cap.

Tell us the number of bedrooms and the budget you are working with and we will come back with what is actually available at Gelexia Riverside this month, to buy or to rent.

Similar projects in Hanoi