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Sustainable Development; WorldBridge Homes Announces Sale of Affordable Homes
Phnom Penh- WorldBridge Homes officially launched their affordable housing project for sale on January 27, 2018 due to a large number of registrations with the company. Around 2000 customers have registered for the houses and project needed only USD 500 deposit for the initial purchase.
The housing project is 18 kilometers from the capital of Saang district, Kandal and 8 kilometers from Takhmao’s roundabout. Okhna Rithy Sear, CEO of WorldBridge International, said, “affordable housing plays a key role in Cambodia’s sustainable development, and something that is in high demand.”
There are 2,297 units with prices ranging from USD 25,000 to USD 30,000 with two kinds of houses for selection. The housing area covers up to 24 hectares and a total of 45 hectares sees the space for shops, a clinic, a school, an administration office, a park and office spaces.
Phnom Penh- WorldBridge Homes officially launched their affordable housing project for sale on January 27, 2018 due to a large number of registrations with the company. Around 2000 customers have registered for the houses and project needed only USD 500 deposit for the initial purchase.
The housing project is 18 kilometers from the capital of Saang district, Kandal and 8 kilometers from Takhmao’s roundabout. Okhna Rithy Sear, CEO of WorldBridge International, said, “affordable housing plays a key role in Cambodia’s sustainable development, and something that is in high demand.”
There are 2,297 units with prices ranging from USD 25,000 to USD 30,000 with two kinds of houses for selection. The housing area covers up to 24 hectares and a total of 45 hectares sees the space for shops, a clinic, a school, an administration office, a park and office spaces.
The houses are divided into two groups to which the first group which consists of 2,025 of the units has a four by seven-meter ground floor with two floors that includes 2 bedrooms and 1 bathroom. As for the second group that consists of the remaining 272 units has a six by seven-meter floor plan with two floors that includes 3 bedrooms, and 3 bathrooms. Both groups of houses have a front yard of 1.5 meters and 2 meters for the backyard.
The initial investment of this project was approximately $60 million and is said to be completed by the end of 2018. The aim for this affordable housing project is to target low-income groups as the numbers for low-income groups are high in Cambodia and the supply of affordable homes are very scarce. H.E. Chea Sophara, Senior Minister at the Ministry of Land Management, Urban Planning and Construction, has called for investors to invest in affordable housing projects to meet the demand of low to middle-income groups.
Sustainable Development; WorldBridge Homes Announces Sale of Affordable Homes
Sustainable Development; WorldBridge Homes Announces Sale of Affordable Homes
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