Affordable houses for low-income earners and state workers will go on sale within two  weeks after a groundbreaking ceremony on Saturday. The project, aimed at the lower middle class, low-income earners and state workers, will be restricted at first to low-income civil servants, said building contractor WorldBridge Land.
 

WorldBridge Land chairman Sear Rithy said that the company will follow the directions of the ministry but said the cost of a housing unit would range from $25,000 to $30,000. “Finance for buyers is the responsibility of the company and we will allow sales only to couples with an income below $500 per month,” he said.
 

The project will be about 18 kilometers from the capital in Saang district, Kandal province and about eight kilometers from the Takhmao roundabout. WorldBridge Land’s initial investment in the project was about $60 million,” Mr. Rithy said.

 

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-- © Copyright Khmer Times 09/01

$30,000 dollars to live in a third world dustbowl. Is that supposed to be a good deal?