Facebook Plans to Explore The Property Business
Facebook Plans to Explore The Property Business. The existence of Facebook headquarters in Menlo Park, California, US made in house prices in the region soared, because of the many employees of companies owned by Mark Zuckerberg was looking for a home near the office.
For that Facebook now plans to explore the property business by building 1,500 housing units in the area of Menlo Park, adjacent to its headquarters. The houses will be marketed to the public.
Plan for housing development is also done because Facebook will expand its headquarters, which is followed by the recruitment of 6,500 new employees.
In addition, 15% of the total homes sold it will be reserved for families with lower economic conditions.
“Facebook is committed to being a good neighbor. We understand that our growing impact on the daily lives of our neighbors, and we want to remain in their honor on the expansion plan (headquarters) us,” Facebook wrote in his statement.
Facebook plans supported by local authorities, with the mention that it indicates the intention of Facebook in helping to resolve the problem of lack of housing in the area.
Even so, the former Menlo Park Mayor Steve Schmidt called the Facebook initiative is still less than the population growth in the region. Also continues to boom in house prices there, one of which is also caused by the presence of Facebook headquarters.