• Wednesday, 23/08/2017, 16:06 PM
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COMMENCING AND GROUNDBREAKING 7 REAL ESTATE PROJECTS ON 17TH BIRTHDAY OF HOANG QUAN GROUP

(HQC) - On 22/08/2017, on the 17th birthday, Hoang Quan Group officially conducted the commencement and ground-breaking ceremony of 7 real estate projects, including HQC Binh Trung Dong, HQC An Phu Tay, HQC Tra Vinh New Urban Area, Mekong Delta University Urban Zone – stage 2, Lagi Binh Thuan Resort, HQC Factory Ham Kiem I for lease, Binh Minh Lake Villa.

Attending the commencement and ground-breaking of 7 real estate projects on the 17th birthday, Hoang Quan Group was honored to welcome Mr. Nguyen Quoc Viet - Director of Records Management-Administration of the  Government Office; Mr. Chu Van Chung - Director, Head of the Central Steering Committee on housing and real estate market policies; Mr. Phung Van Yen - Deputy Director, Head of the Central Steering Committee on housing and real estate market policies; Mr. Nguyen Tran Nam - Former Vice Minister of Construction, Chairman of Vietnam Real Estate Association; Mr. Truong Van Ngon - Director of Tay Ninh Department of Construction, Tay Ninh province; Mr. Nguyen Ngoc Thach - Director of Ho Chi Minh City Housing Development Fund; Mr. Pham Truong Son - Head of Housing Development under Ho Chi Minh City Department of Construction; Mr. Ngo Anh Thu - Director of Administration - Management II; Mr. Huynh Duc Liem The - Director of North Saigon BIDV; Mr. Le Viet Hung - Director of Agribank together with representatives of investors, partners and the press.      

On the side of Hoang Quan Group, there was the participation of Mr. Truong Anh Tuan - CEO - General Director of Hoang Quan Group; Mr. Nguyen Ton - Deputy General Director; Mr. Truong Duc Hieu - Sales Deputy General Director; Mr. Dang Thanh Thao - Legal Deputy Director General; Mr. Nguyen Van Toan - Education Deputy General Director; Mr. Vu Trong Dac - Deputy General Director together with all officers and employees of Hoang Quan Group.

Hoang Quan Group would like to deliver our thank-you to leaders, unions and departments from the central to local levels for sending flowers of congratulatory flowers, including:

- Mr. Mai Tien Dung – Minister, Director of the Government Office

- Mr. Pham Hong Ha - Member of the Central Committee of the Party and Minister of Construction

- Mr. Tran Trong Tuan - Director of Ho Chi Minh City Department of Construction 

- Mr. Vu Bang - Member of the Government Advisory Group - Former Chairman of the State Securities Commission.

- Mr. Tran Van Dung - Chairman of the State Securities Commission

- Mr. Nguyen Tran Nam - Former Vice Minister of Construction, Chairman of Vietnam Real Estate Association

And congratulatory bouquets coming from Provincial Party Committee - People's Council - People's Committee - Vietnam Fatherland Front Committee of Tay Ninh Province; Administration –Management  Bureau II - Government Office; Housing Development Fund; District Party Committee - People's Council - People's Committee - Phu Nhuan District Fatherland Front Committee, etc.

With the motto "Knowledge - Creation - Pioneer", Hoang Quan Group is the pioneer in developing social housing, housing for workers in HCMC and southern provinces, contributing in travelling with the Government in the implementation of social housing policies and National Housing Strategy. Over 17 years of formation and development (22/08/2000 - 22/08/2017), Hoang Quan Group has 23 member companies, affiliates, 17 branches - transaction centers, nearly 2,000 employees, with the chartered capital of more than VND 10,000 billion. Currently, Hoang Quan Group is the investor of 36 projects with the investment of more than VND 39,000 billion, including 22 social housing projects with the investment of roughly VND 22,000 billion.

23-08_1Representatives and guests attend the commencement and ground-breaking on the 17th birthday of Hoang Quan Group

With the determination to complete the business plan in 2017: turnover of VND 2,000 billion, profit after tax of VND 200 billion set at General Meeting of Shareholders in 2017; Hoang Quan Group is actively promoting the social housing segment, exploiting the maximum number of commercial projects being deployed. At the same time, the Group conducts the commencement and ground-breaking of new projects with the motto of saving, efficiency, towards common profit of the Group.

Speaking at the commencement and ground-breaking of 7 real estate projects on the 17th birthday of Hoang Quan Group, Mr. Nguyen Tran Nam - Former Vice Minister of Construction - Chairman of Vietnam Real Estate Association said, the demand for social housing of the people across the country is now very large and extremely urgent. However, the supply of apartments in this segment is still limited and in imbalance of supply and demand.

"Hoang Quan is the pioneer in the investment and development of social housing in HCMC and Southern provinces. However, if expanded, it can be said that Hoang Quan is also the leading unit in the country in the social housing development. With the commencement and ground-breaking of further new social housing projects, Hoang Quan is significantly contributing in travelling with the Government in the implementation of social housing policies and National Housing Strategy, joining hands in realizing the dream of a peaceful life for the people in the country", Mr. Nam emphasized.

Under the attention, guidance, support from the authorities, up to now, Hoang Quan Group has prepared a clean land fund, complete design documents, legal documents to conduct at the commencement and ground-breaking of 7 real estate projects on the 17th birthday of Hoang Quan Group (22/08 / 2000-22 / 08/2017), namely:

HQC Binh Trung Dong: has the total investment is VND 345 billion, is a social housing project with the scale of 260 apartments, the total land area of 4,299.8 m2, including 1 basement, 15 commercial and apartment storeys. HQC Binh Trung Dong is located at Binh Trung Dong Residential Area, Nguyen Duy Trinh Street, District 2, HCMC. HQC Binh Trung Dong is located along Long Thanh Highway linking with key economic areas such as Thu Thiem Commercial Area (District 2), South Saigon Residential Area (District 7), facilities surrounding the project such as: school, market, supermarket, amusement park, sports, existing residential areas ... that have been completed and put into use. The project is expected to be completed by the fourth quarter of 2018.

HQC An Phu Tay: has the total investment of VND 173 billion, the land area of about 7,722m2. It is a social housing project with the scale of two 8-storey apartment blocks with the total of 247 units and 3 row-house areas with the total of 8 units. HQC An Phu Tay is located in An Phu Tay Commune, Binh Chanh District, Ho Chi Minh City, including full inside and outside facilities such as supermarket, kindergarten, amusement park, gymnasiums, park, kindergarten, polyclinic, school, swimming pool, etc.. The project is expected to be completed in the third quarter of 2018.

HQC Tra Vinh new urban area: has the total investment of approx. VND690 billion, including 1,233 row-city houses, including 929 social houses with 1 basement,  1 floor. HQC Tra Vinh new urban area is located at the administrative center of Tra Vinh province, Ward 4, Tra Vinh City, bordering Long Binh River and in the existing crowded residential area. The project of 18 hectares will be synchronously invested interior utilities such as supermarket, kindergarten, market, commercial area, public area, park ... to meet the increasing demand of living. people. The project is expected to proceed the completion, handed over in the stages from the fourth quarter of 2017 and completed in the same quarter of 2018.

Lagi Resort Villa area: is located at Tan Tien commune, Lagi town, Binh Thuan province. The project is built in the land area of 25,817 m2 with the total investment of approx.VND 52 billion, and is planned in three types of resort villas: Garden Villa (23 units), Lake Villa (11 units) VIP Villa (3 units). In addition, the project has a commercial area that includes amenities such as shopping mall, gym, spas, cinema, coastal services ... Construction density does not exceed 25% of the total area. The project is expected to be completed in the third quarter of 2018.

HQC Factory Ham Kiem I for lease: is located at Lot K & C10 in Ham Kiem I Industrial Zone, Ham My commune, Ham Tan District, Binh Thuan Province, 9 km far from the center of Phan Thiet city, the project has the total investment capital of approx. VND 160 billion, with the area of 94,658m2, which is designed to include typical workshop modules and utilities such as: electrical system, traffic road, water supply and drainage system, safeguard, parking and greenery. The project is expected to be put into use in the first quarter of 2018 consisting of 5 business modules in accordance with the current law.

Binh Minh Lake Villa area: is located at My Hoa commune, Binh Minh district, Vinh Long province. The project has the scale of 3.76 ha with the total investment of about VND80 billion. It is planned to include 40 villas in the form of hill villas, villas on lake and lake villas. Each villa has its own swimming pool. In addition, internal amenities include restaurant, supermarket, amusement parks, etc.

Cuu Long River Delta University Urban area- Stage 2: is located at Thuong Thanh Ward, Cai Rang District, Can Tho city, stage 2 of the project, attached special importance to the development in the 7ha area with the total investment of up to VND482 billion. During this period, the Hoang Quan Group pushed up row-houses and high-rise condominiums. While promoting utilities serving residents who are living here. The items under the first stage of the project have come into operation and residents are enjoying a stable and comfortable life. The stage 2 of the project is expected to be completed in the third quarter of 2018.

23-08_2PhD. Truong Anh Tuan – CEO cum General Director of Hoang Quan Group – is speaking at the ceremony

In particular, in a press conference on the occasion of the 17th incorporation anniversary of the Group, PhD. Truong Anh Tuan, CEO cum General Director of Hoang Quan Group, has so far completed procedures of investment in the amount of USD35 million to develop social housing project for lease in Tacoma, Washington (USA). The project has about 180 apartments, of which 20% is social housing, the rest is commercial. It is expected that the project will be officially conducted the ground-breaking in October.

"Initial procedures such as land transfer, permits for project construction in Tacoma are also completed by Hoang Quan with approx. 5,000 m2. It is expected that Hoang Quan will commence this project on 20 October  - Vietnamese Women's Day and be finished after 18 months of construction”, PhD. Truong Anh Tuan said.

23-08_3An informal meeting between representatives of the Hoang Quan Group and news agencies

The feasibility of this project is quite well appreciated by PhD. Truong Anh Tuan, because the demand for renting houses in Tacoma is currently high. In addition, this is a social housing project so it is supported by the city government in many aspects, including rent assistance for those in need. With a profit margin of about 8.7% per year (USD), PhD. Truong Anh Tuan said that it was acceptable because this is a rental housing project, not for sales.

"This is Asia's first social housing project investing in USA, so Hoang Quan expects to make breakthroughs for the next projects and for other businesses." PhD.Truong Anh Tuan added.

The commencement of 7 projects in the same time showes the creativity in organizing activities, innovating business methods, applying modern technologies in the management in order to save maximum cost, ensuring the profit for the business. At the same time, the event also shows the diversification of products in the business plan set in 2017 when expanding the investment to property types such as condotel, officetel, factory, resort villa ... other than the social housing strength.

The event is also an important milestone in Hoang Quan Group's business plan for the last 6 months of 2017, contributing about VND 400 billion to Hoang Quan Group's profit in 2017 and nearly VND200 billion to Hoang Quan Real Estate Company (HQC).

Besides, Hoang Quan Group is speeding up the progress of ongoing projects such as HOF-HQC Ho Hoc Lam, HQC Hoc Mon, HQC Phu Tai, HQC Nha Trang, HQC Tan Huong, HQC Tay Ninh, Long Hoa Trade Center, Golden King, Binh Minh Industrial Park, Ham Kiem 1 Industrial Park ... to put into handover, use on time, while ensuring the revenue of Hoang Quan Group.

Business result for the first 6 months of 2017 has reached VND70.3 billion in revenue, equivalent to the result of 2016. This is a feasible result reflecting the effectiveness of which the Hoang Quan Group has strengthened personnel structure, controlled organizational cost effectively, and accelerated business operations of the Group aiming to complete the business plan set for 2017 and 2017-2020.

Some additional photos at the ceremony:

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23-08_5Mr. Nguyen Tran Nam - Former Vice Minister of Construction - Chairman of Vietnam Real Estate Association – is speaking at the ceremony.

23-08_6Mr. Truong Quoc Bao - Deputy General Director of Hoang Quan Group - is introducing on 07 projects under the commencement and groundbreaking in the event

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