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Wednesday, April 17, 2024

UDA middle income housing projects: Discount for Lankan migrant workers buying houses with dollars

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A 10 percent discount will be offered to Sri Lankan migrant workers and those domiciled overseas when buying houses with dollars in middle income housing projects built by the Urban Development Authority (UDA), the Ministry of Urban Development and Housing said.

Urban Development and Housing Minister Prasanna Ranatunga said that the necessary facilities have been provided for Sri Lankan’s in overseas countries to buy these houses with dollars.

He said that this new system was introduced as a solution to the dollar crisis in the country.

Two middle income housing projects implemented by the Urban Development Authority have been completed so far. The completed Borella ‘Oval View’ housing scheme consists of 608 housing units, while the Angoda ‘Lake Rest’ housing scheme consists of 500 housing units. Currently, 12 more middle income housing projects are being constructed. The housing requirement met by it is 3,667 housing units.

The Management Board of the Urban Development Authority has approved to facilitate the purchase of these houses by Sri Lankans in overseas countries.

Minister Ranatunga further states that attention has also been drawn to give priority to migrant workers who have remitted their earnings through banks in a formal way to get these houses with dollars.

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