Affordable Houses for All

[geovalin]

A public housing project, which aims to provide affordable housing for the lower middle class, low-income earners and state workers, is due to start at the end of the year after the completion of a study to determine its feasibility. Sear Rithy, chairman of WorldBridge International Group, which is authorized by the government to develop the public housing project, told Khmer Times yesterday that the feasibility study was almost completed and the first phase of the project would start either this October or November.

Mr. Rithy said the whole project is expected to be completed within two years. “This project is aimed at those in the low and middle income groups and also state workers who do not earn much,” he added.

According to Mr. Rithy the price of a house in the project ranges from $25,000 to $30,000 and financial assistance will be available in the form of housing loans for those who want to purchase homes. WorldBridge, however, did not disclose the exact location of the project due to concern that speculators could snap up nearby properties to cause a boom in land prices.

read more http://www.khmertimeskh.com/news/26739/affordable-houses-for-all/

[Pinot]

Send them to Phuket, we've got 1000's of empty condos with 1000's more under development.