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The Housing and Commerce Bank of Eritrea says it will start construction of 1,048 modern apartments, 376 residential houses and 256 buildings for business ventures this year around the Halibet Hospital, Space 2000 and Sembel districts of Asmara.

"Potential buyers are required to meet their national obligations and make 25% deposit of the total price of the house or business," the bank said in its memo released yesterday.

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