PHNOM PENH: Cambodia’s first affordable housing project gains interest from a delegation of Japan’s Ministry of Land, Infrastructure, Transport, and Tourism.
H.E. Prak Angkeara, Director General of the General Department of Housing at the Ministry of Land Management, Urban Planning, and Construction of Cambodia, hosted the Japanese delegation for an exposure visit to the site, called Serey Mongkul Satellite City, on Mar. 6.
According to the director general, the project is progressing smoothly in line with the government’s national housing policy, thanks to the collaboration between his ministry and a local investor, Worldbridge Homes Co., Ltd.
The Serey Mongkul Satellite City has built 2,457 housing units along national road 21 in Sangkat Roka Khpos, Takhmao city, Kandal province – about ten kilometres from the new Phnom Penh International Airport, which is under construction.
Mr. Youk Sothy Rith, General Manager of Worldbridge Homes, said that the project provides opportunities for low- and middle-income households in Cambodia, including those of civil servants.
With an affordable price of less than US$30,000, buyers can own a house in a good environment with all necessary facilities, along with some tax exemption, he added.
The Japanese delegation led by Mr. Takamiya Shigetaka was impressed with the quality and interesting design of the housing and its reasonable price.
