Sky Land, a joint venture between local Jet’s Group and India-based STAR5 Development Pvt. Ltd., has announced on Monday that it will invest $90 million in the construction of an affordable apartment complex and other types of residential housing in Vihear Sour commune of Khsach Kandal district in Kandal province.
Sky Land Condo, the first of three planned apartment buildings, is tailored to market demands, according to previous market research as they are considered “affordable” at $700 per square metre for one-bedroom apartments. Financing options of $200 to$300 per month would allow buyers of reduced financial means to purchase their own home.
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