Govt. to build low-cost condos

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Thailand’s National Housing Authority (NHA) has revealed it will develop a housing project along a mass-transit route in Bangkok to help low-income earners acquire their own home at a “reasonable” price.

According to the Public Relations Department of the Royal Thai Government, NHA Governor Thatchaphon Kanchanakun said the THB 464 million housing project is in line with the Government’s Ban Pracharat policy. The project is aimed at people in both the low-to-middle, and the middle-to -moderately-high income groups.

The project will be located in Bangkok’s Nonthaburi province, some 2.5 kilometers away from the Pink Line skytrain route. The four 8-storey buildings will be sold at between THB 800,000 and THB 2 million per unit, starting from September 30 and ending on October 9 2017.

Construction is expected to take one year.

Andrew Batt
The author of this article is Andrew Batt, the founder and editor of Andrew has been writing about property and real estate issues in Thailand and Southeast Asia for more than 10 years. He has worked for PropertyGuru Group, DDproperty, Dot Property Group, Hipflat and AsiaRents. He has also produced content for leading Thailand property developers and real estate agencies.

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