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Sembel Residential Complex in Asmara – One of Africa’s Largest Housing Projects with Hospital, Schools, and Sports Facilities

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Sembel Residential Complex, Asmara: A Model of Modern Urban Living in Eritrea The city of Asmara has been rapidly transforming over the past few decades, particularly in the housing sector. Among its most iconic developments is the Sembel Residential Complex , widely recognized as one of the largest and most well-planned housing complexes in East Africa . Commonly referred to as “Corea” due to its construction by Keangnam Enterprises , Korea’s first contractor, the complex stands as a powerful symbol of international cooperation and visionary urban planning. 🏠 Overview and Housing Capacity Constructed in 1996 , the Sembel Residential Complex spans a vast area in southwest Asmara and accommodates approximately 1,250 families . The apartment units vary in size and layout, ranging from one-bedroom flats to spacious three-bedroom homes, designed to suit the needs of different household types. With well-maintained landscaping, paved pedestrian paths, and wi...

Eritrea sells luxury houses to earn hard currency

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Eritrea Sells Luxury Houses to Earn Hard Currency Source: China Daily  |  Location: Asmara, Eritrea It may look like a truck park near Asmara’s Halibet Hospital on the edge of town, but the Eritrean government has other plans. Seeking to tap the hard currency held by the country’s vast overseas community, officials are promoting a large-scale housing project aimed at diaspora buyers. Halibet Housing: Scale, Pricing & Target Buyers The project’s website, halibet.com , describes 766 “new residential-style” two- and three-bedroom apartments with shopping centres and sports facilities . Prices range from US$97,000 to US$139,000 —modest by London or New York standards, but far beyond the reach of most locals, whose average annual income is about US$130 . Glossy brochures are available through Eritrean embassies abroad. Payments are accepted in US dollars, euros, and British pounds , but not in nakfa , the national currency—...

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