Vietnamese firm builds housing project in US
HQC USA LLC, a member of Vietnamese property developer Hoang Quan Group, recently held a groundbreaking ceremony for a US$40 million mixed-use development project at Tacoma city, Washington.
The seven-storey HQC Tacoma is the first overseas project of the Hoang Quan Group.
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| The groundbreaking ceremony of HQC Tacoma Apartments project in Washington (Photo ndh.vn) |
Covering more than 3,000sq.m on 1210 Tacoma Avenue South, HQC Tacoma has two basement floors for parking with 214 lots, ground-level retail amenities and 166 apartments with area ranging from 41.8sq.m to 95.2sq.m, of which 20% will be affordable units.
The News Tribune reported last month that in exchange for providing lower priced apartments, HQC will receive an exemption from property taxes for 12 years on the improved value of the land used for the residential units.
The project is set for completion in the second quarter of 2019.
Hoang Quan Group is developing 36 projects, including 22 social housing projects.
