Construction of 1,680 modern homes and shops begins in Asmara

Construction of 1,680 modern homes and shops are underway in Asmara - Credit: Shabait.com

Construction of 1,680 modern homes and shops begins

Construction of 1,048 modern apartments, 376 residential houses and 256 buildings for shops have commenced in Asmara, according to state media.

The multi-million dollar construction project is being developed in collaboration with an Italian company around the Halibet Hospital, Space 2001 and Sembel districts of Asmara.

The project, which is being financed by the Housing and Commerce Bank of Eritrea, is part of a larger initiative by the government to tackle urban housing shortages.

The government says this project constitutes the first phase of its urban development plan, and similar projects are expected to be implemented in various cities.

Other major infrastructure projects that are underway or will commence soon include two modern colleges, Massawa's housing project, Gergera dam, Dahlak Master Plan and Ras Harab resort. 

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A small sample of prices and rooms taken from HCBE

Type of home	Living Area Size	Total Rooms	Home-Prices______
Apartment	70 sqm	2 rooms, 2 baths	€42,385 ($56,304)
Apartment	120 sqm angled	2 rooms, bath	€66,471 ($87,961)
Villa	175 sqm	4 rooms, 2 baths	€99,297 ($131,906)
Villa	200 sqm	4 rooms, 4 baths	€113,006 ($150,184)
Source: Housing and Commerce Bank of Eritrea

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

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