10 Sep 2013 07:00
RUNDU, 10 SEP (NAMPA) - The newly established suburb at Rundu known as Rundu Rainbow Village will be officially inaugurated next month.
During the unveiling, 53 houses built by a Chinese investor, Stina Wu, will be handed over to the owners.
The 53 houses were constructed as Phase One of a project earmarked to build about 250 houses.
The massive housing project undertaken by the Chinese investor at Rundu has been hailed by residents and property developers, as it addresses the housing shortage and backlog at this northern-eastern town.
Wu 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.
The council has already signed a deed of sale for the land.
Wu of Chan Close Corporation Construction Company told Nampa on Tuesday that all 53 houses have been sold, and buyers will start moving in as from next week.
The first phase of the project includes two-, three-, and four-bedroom houses, ranging from N.dollars 380 000 to N.dollars 610 000.
During the inauguration, one house will be donated to the Rundu Town Council to accommodate a staff member of their choice.
During the official inauguration, Wu will also hand over water, sewerage and electricity infrastructure to be under the control of the town council.
She indicated that once the second phase of the project is completed sometime next February, she will donate a kindergarten building to the community.
In future, Rundu Rainbow Village will also include a shopping complex and a playground.
Meanwhile, Wu rubbished claims that the houses were built with cheap material imported from China, stressing that the only things imported from China were the ceilings and tiles.
I am serious about developing the town, and I did not even make a profit from the first phase because I needed to develop the area first, said the Chinese businesswoman.
Wu also constructed the multi-million-dollar Galaxy Shopping Mall at Rundu, which accommodates 55 small shops.