HQC: The conversion of commercial housing to social housing approved

On October 28, 2013, Hoang Quan Consulting – Trading – Service Real Estate Corporation received an approval from the People’s Committee of Ho Chi Minh City about the conversion of commercial housing to social housing at its HQC Plaza Project (Apartment Building CC1 – Block 2, South New Urban Area of Ho Chi Minh City, An Phu Tay Commune, Binh Chanh District).

-         The Committee approved the conversion of 1,060 commercial houses to 1,735 social houses.

-         Hoang Quan Consulting – Trading – Service Real Estate Corporation distributes 50% of HQC Plaza Apartments to cadres of public security force (Block HQ2 and HQ4) and the rest for people under the social housing policy of Ho Chi Minh City (Block HQ1 and HQ3).

-         Social housing candidates and conditions are defined at Article 37, 38 of Decree No.71/2010/ND-CP dated 06/23/2010. The investor and buyers are supported by loans from VND30-trillion source with a preferential interest rate of 6% per year.

-         Project completion schedule: Quarter 4, 2015.

-         HQC Plaza Project will be started in November 2013.

HOSE

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