Wednesday, October 21, 2020

Plan to build condos for low-earning civil service officials

Jun 15. 2020
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By THE NATION

The Department of Treasury is working with the Office of the Civil Service Commission (OCSC) in surveying residential needs of civil servants nationwide to build low-price condominium for officials who earn less than Bt16,000 per month, department director-general Yutthana Yimkarun said.

“We aim to build up to 10,000 units of 40 sqm at a price of Bt999,999 each,” he said. “Civil servants approved by the OCSC can choose a payment plan of up to 30 years from the Government Housing Bank at 3 per cent interest, with the minimum payment per month being Bt3,900.”

The department will find suitable locations near government buildings to facilitate the commute.

“The land for each condo project will be around 1-2 rai and will be state land under the department’s administration, while Dhanarak Asset Development, a subsidiary of the department, will be responsible for the construction,” Yutthana said.

The department expects construction of the first phase of the project to start in July in Bangkok, Nonthaburi and Udon Thani.

“The first phase will include twelve 7-storey buildings, each with 76 units. The construction will not require an EIA [environmental impact assessment] study as it is less than 10 storeys high,” he said.

“We expect the project to help low-level civil servants and increase the income that the department contributes to the state, from around Bt100 million to up to Bt1 billion per year,” Yutthana added.

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