On July 11, 2024, the Khanh Hoa Department of Natural Resources and Environment announced that 1,002 apartments in the Hoang Quan condominium complex, a social housing development project (NOXH) in the Bac Vinh Hai Residential Area (HQC Nha Trang), in Vinh Hoa ward, Nha Trang city, met the requirements for land use right certificates and homeownership certificates.
The project, developed by Hoang Quan Commercial Consulting Services Real Estate Joint Stock Company (HOSE: HQC), spans nearly 10,843 square meters and comprises four blocks with a total of 1,002 apartments ranging from 46.3 to 69.9 square meters in area. The project has already welcomed residents and businesses, with a total investment of VND 500 billion.
 HQC Nha Trang project eligible for pink book certificates
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HQC has not yet established a pricing policy for the sale, rent, and rent-to-own options for these social housing units. These policies must be submitted to the Department of Construction for evaluation before buyers, tenants, and rent-to-own participants can fulfill their financial obligations related to the land-use right certificates and homeownership certificates.
In other news, on August 6, Hoang Quan announced that 171 apartments in blocks 3C and 3D of the social housing project in the Tan Huong Industrial Park (commercially known as HQC Tan Huong) are now eligible for sale and rent-to-own contracts for homes that will be constructed in the future.
The HQC Tan Huong social housing project covers a total area of 14,190 square meters in Tan Huong commune, Chau Thanh district, Tien Giang province. It is adjacent to the Tan Huong Industrial Park (over 197 hectares) and the Long Giang Industrial Park (540 hectares) and is developed by HQC. The project consists of four blocks (blocks A and B with 10 floors each, and blocks C and D with five floors each) and two auxiliary blocks, providing a total of 629 apartments for approximately 1,800 residents. The total investment for this project is approximately VND 559 billion.
HQC Tan Huong Social Housing Project
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According to the developer’s website, the selling price for these social housing units is VND 16.5 million per square meter, with areas ranging from over 38 to 59 square meters. Prospective buyers can expect to pay approximately VND 630-980 million to own one of these apartments.
HQC Tan Huong is one of the projects expected to generate revenue for HQC this year, along with other developments such as the NOXH Golden City (covering nearly 3.4 hectares with 1,642 apartments) and the new urban area project in Tra Vinh province.
HQC: Second-quarter profit reaches nearly VND 11 billion
