12 Jun 2014 14:20pm
RUNDU, 12 JUN (NAMPA) - The second phase of the construction of the Rundu Rainbow Village is expected to be completed in August this year.
The second phase will involve the construction of 50 houses, and will form part of 251 houses that are being constructed by the Chinese company First Wall Property Investment.
The first phase of the project saw 53 houses completed last year and the owners of the houses, who were previously forced to rent accommodation due to the housing shortage at Rundu, moved into their new homes in October last year.
One of the company shareholders, Stina Wu confirmed to Nampa on Thursday that the third phase will kick off in November this year.
Stina explained that the land to be used for the second and third phases of construction has already been serviced.
First Wall Property Investment bought the 3 517 square metres of land where the houses are being built from the Rundu Town Council at a cost of N.dollars 5 per square metre because the land was not serviced.
Residents and local business people at Rundu have hailed the company for responding positively to the critical housing shortage at this north-eastern town.
Like many other towns, Rundu battles with problems such as housing shortages due to rural-urban migration.
Residents expressed their gratitude to the businesswoman and her investment counterpart for responding to the towns cries of a housing backlog in interviews with this news agency on Tuesday.
'We are happy with what they are doing because they are creating employment for small and medium enterprises (SMEs) while providing shelter to those in need, Rundu resident Angeline Sipango said.
In future, the Rundu Rainbow Village will also include a shopping complex and a playground.
The developments have not gone without criticism though, as some accused the investor of constructing the houses with cheap building materials imported from China.
Stina earlier maintained that the only things imported from China were the materials used for the ceilings, and tiles.
The First Wall Property Investment Company also constructed the multi-million-dollar Galaxy Shopping Mall at Rundu, which accommodates 55 small shops and SMEs at the town.