02 Mar 2019 10:10am
OTJIWARONGO, 02 MAR (NAMPA) Deputy Minister of Urban and Rural Development, Derek Klazen on Friday expressed his satisfaction with the land servicing programmes underway at Otjiwarongo.
Klazen was speaking at the official commissioning of the newly serviced Extension 12 in Orwetoveni, where 348 plots were serviced by Unistrat Property Investments.
The developer tarred the streets and installed water, sewerage and electricity infrastructure.
Klazen said he is delighted to see the Otjiwarongo Municipalitys public private partnership initiatives aiming high, as they plan to service about 1 290 plots in Extension 12, 13, and 7.
Along with the land serviced by Government under the mass land servicing programme in Freedom Park and Heroes Park, Otjiwarongo will deliver a total of 1 874 plots for residential purposes. This is commendable, Klazen said.
The deputy minister noted that the government is determined to address the mismatch between the supply of and demand for affordable housing.
Let us all from the private and public sectors get involved in housing provision, he said.
Managing Director of Unistrat Property Investments, Fidel Iipumbu said his company will start constructing houses on the serviced land in the next two months.
He said over 270 clients have already secured home loans from local commercial banks for the new houses.
The house prices will start at N.dollars 600 000 for a two-bedroom house and erf sizes will measure between 300 and 800 square metres.
Unistrat also has signed a land servicing deal with the Otjiwarongo Municipality for Extension 13, where it will service 313 plots near the Ombili informal settlement.
The land servicing projects are funded by the Government Institutions Pension Funds Ino Harith Capital and the Development Bank of Namibia at a cost of over N.dollars 62 million.