$100 Million Affordable Housing Project Signed

• Proeksa Meas
• 31 December 2015
• Local News
• 1361 Views

Local and Singaporean property developers signed a US$100 million property project with Cambodian government to offer Cambodian low and medium classes with affordable housing which will kick off in 2016.

Signed between Cambodian World Bridge Land, Co. Ltd and its Singaporean partner, Strait Construction Group Pte, Ltd, a company experienced in housing for low and middle-income class in Singapore and Cambodian Ministry of Land Management, Urban Planning and Construction’s housing department, the project will be built on a wide land with one-story housing before moving into higher buildings.

H.E. Im Chhunlim, Minister of Land Management, Urban Planning and Construction said the government has drafted a policy on housing which indicates seven choices to solve housing issues, one of which is a collaboration between private sectors.