Sunday, 1 November 2015

China to build 10 thousand apartments in Kabul

People’s Republic of China builds 10,000 apartments in Kabul, the second biggest housing project in Afghanistan after the assistance of former Soviet Union and a memorable grant for the People of Afghanistan.
The implementation of this project is a big step towards the institutionalization of the concept of ‘Affordable Housing’ in Afghanistan, and can solve the problem of homelessness. It is also one of the characteristics for the economic growth and for improving the living condition of the working-class.
Hundreds of thousands of families from villages and small towns have moved into the most important cities across the country and live in rented houses. Young couples newly married cannot afford to buy their own houses because of cities' high prices and no system of mortgage. The Ministry of Urban Development Affairs and Housing, in coordination with other institutions of the Islamic Republic of Afghanistan, are planning to generate a system to provide residential units to young people with no advance payments and with long-term small installments to be deducted from salaries.

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