Eritrea to build 1,680 modern homes and shops in Asmara
|Render of some of the apartment buildings to be constructed this year in Asmara|
The Housing and Commerce Bank of Eritrea says it will start construction of 1,048 modern apartments, 376 residential houses and 256 buildings for business ventures this year around the Halibet Hospital, Space 2000 and Sembel districts of Asmara.
"Potential buyers are required to meet their national obligations and make 25% deposit of the total price of the house or business," the bank said in its memo released yesterday. "Registration can be done in person at the headquarters of the Housing and Commerce Bank or in the Eritrean Embassies and Consulates in various countries."
The statement also advises nationals who had signed contract agreements or made deposits in the past can still switch into the new project by transferring their deposits to the Housing and Commerce Bank account entitled "Asmara Housing Project 2012 EURO C/A # 124-5."
In addition to this project, Eritrea will start building a number of multi-million dollar development projects throughout the country, including a US$300 million Massawa residential and businesses project; a US$115 million Dahlak Master Plan and several high-end resorts in Ras Harab and Halibay.
Funded by: Housing and Commerce Bank of Eritrea
Cost: Unknown - Estimation: US$150-200 million
Construction Date: 2013
Location: Sembel, Halibet, and Space districts of Asmara
Project: Modern residential buildings and shops
To view the styles and prices of the apartments, houses and shops, visit here
If you are interested in purchasing a home or a shop, print and fill this out and visit your nearest Eritrean Embassy or Consulate for further instructions.
The following are renders obtained of the projects. Click on the images to enlarge.
|Render of 200 sqm modern houses, each featuring 1 living room, 4 bedrooms, 4 bathrooms, and|
1 kitchen that will be on sale for €113,006 (US$150,184 ) - Sembel district of Asmara
|Villas worth €113,006 (US$150,184 ) to be constructed in the Sembel district of Asmara|
|Sembel residential and business project|
|Halibet Housing Project in Asmara|
|Space 2000 apartment complex project in Asmara|
The following is the memo posted by the Housing and Commerce Bank of Eritrea
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