Monday, January 05, 2009

New Vision Online : Akright ventures into condominium flats

Uganda : Akright ventures into condominium flats: "Kamugisha, who doubles as the chairman of the Uganda Property Developers Association, said setting up of condominiums was the way to go because land was becoming scarce, mainly in urban areas."
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I have been saying for about 25 years that rising land costs led developers to build CIDs so they could cram more people on less land. Nice to see one developer, even in Uganda, who admits it instead of spouting some drivel about New England town meetings.

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