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The government’s low-cost housing project or “Ban Youngyuen ” drew thousands of low-income earners to scramble for rights to own condominium rooms and houses when it was first launched for reservations.
People flocked to the National Housing Authority head office before dawn as supply is far short of demand and those who come first will have better chance for the rooms and houses with starting price of just 200,000 baht, affordable for low income earners to purchase on an installment basis.
Some came as early as 4 am although official business hours started at 8.30 am..
The NHA opened the Ban Youngyuen housing project for reservation for the first time since the military take-over, and this was in response to the government’s scheme to enable the poor to have their own houses, and to improve their livelihood.
All low-income earners are eligible for the scheme.
Social Development and Human Security Minister Pol Gen Adul Saengsingkaew presided over the launching ceremony of the low-cost housing scheme.
Each housing unit under the scheme is up sale from 242,000 baht with reservation fee of 1,000 baht and installment of 1,500 baht per month.
Reservation for rooms and houses under the scheme is opened until September 6 at the National Housing Authority head office from Monday to Sunday.