Australian Group Invests in Low-Cost Housing

• Proeksa Meas
• 1 February 2017
• Local News
• 1250 Views

An Australian and Cambodian joint venture is set to launch an affordable housing project aimed at newly-married couples looking to purchase their first homes.

The chairman of the Australian partner, Cate Group, told the Khmer Times that their joint venture is investing USD25 million in the first phase of the project located in Por Senchey and Dangkor districts in Phnom Penh.

The 1000-unit phase 1 will reportedly offer properties in three categories; Khmer-styled houses costing $20,000, Khmer-Australian designed homes from $25,000 upwards, and houses with Khmer-French fittings from $30,000 upwards.

Buyers will be able to pay instalments of as little as USD100 per month. If successful, the group plans to develop a further 2,000 units in phase 2.