Erastus Uutoni
Photo: Contributed
Erastus Uutoni Photo: Contributed

Local authorities urged to sell land cheaply

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Ogone Tlhage
Urban and rural development minister Erastus Uutoni has urged local authorities to sell land cheaply to the National Housing Enterprise (NHE) to enable it to adequately respond to Namibia’s housing crisis.

“As the ministry responsible for the provision of housing, we are supportive of every initiative that delivers houses that our people can afford, especially those within the low to ultra-low income bracket. We are aware of the realities such as the increasing cost of constructing houses due to material, transportation and other related costs,” Uutoni said.

A reduction in land prices would help drive down input costs, and ensure the NHE is able to deliver houses, he said.

“These factors that are beyond our control have made it quite challenging to maintain the selling prices of houses at the lowest we wish to keep them. It is for this reason that I continue pleading with local authorities to offer land to the NHE at the lowest prices possible, so that there is a bit of a reduction in the input cost, and subsequently a better selling price.”

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Namibian Sun 2024-05-13

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Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 336.10/OZ DOWN -0.0103 | Copper US$ 4.72/lb UP +2.52% | Zinc US$ 3 017.00/T UP 0% | Brent Crude Oil US$ 83.75/BBP UP +0.88% | Platinum US$ 1 000.29/OZ UP +0.72% Sport results: Premier League: Manchester United 0 vs 1 Arsenal | Nottingham Forest 2 vs 3 Chelsea | Newcastle 1 vs 1 Brighton | Wolves 1 vs 3 Crystal Palace | Everton 1 vs 0 Sheffield United | West Ham 3 vs 1 Luton Town | Bournemouth 1 vs 2 Brentford | Tottenham Hotspur 2 vs 1 Burnley | Fulham 0 vs 4 Manchester City LaLiga: Real Betis 3 vs 2 Almería | Valencia 0 vs 0 Rayo Vallecano | Atletico Madrid 1 vs 0 Celta Vigo | Cadiz 1 vs 0 Getafe | Athletic Club 2 vs 2 Osasuna | Granada 0 vs 4 Real Madrid | Villarreal 3 vs 2 Sevilla | Mallorca 1 vs 0 Las Palmas | Deportivo Alaves 2 vs 2 Girona SerieA: Atalanta 2 vs 1 AS Roma | Juventus 1 vs 1 Salernitana | Genoa 2 vs 1 Sassuolo | Hellas Verona 1 vs 2 Torino | SS Lazio 2 vs 0 Empoli | AC Milan 5 vs 1 Cagliari | Napoli 0 vs 2 Bologna | Frosinone 0 vs 5 Inter Milan European Championships Qualifying: West Bromwich Albion 0 vs 0 Southampton | Norwich City 0 vs 0 Leeds United English Championship: West Bromwich Albion 0 vs 0 Southampton | Norwich City 0 vs 0 Leeds United Weather: Katima Mulilo: 16° | 32° Rundu: 16° | 32° Eenhana: 15° | 34° Oshakati: 17° | 33° Ruacana: 18° | 33° Tsumeb: 16° | 30° Otjiwarongo: 14° | 29° Omaruru: 16° | 30° Windhoek: 13° | 26° Gobabis: 14° | 26° Henties Bay: 15° | 26° Wind speed: 20km/h, Wind direction: S, Low tide: 12:49, High tide: 06:50, Low Tide: 01:42, High tide: 19:35 Swakopmund: 15° | 19° Wind speed: 20km/h, Wind direction: SW, Low tide: 12:47, High tide: 06:48, Low Tide: 01:40, High tide: 19:33 Walvis Bay: 15° | 29° Wind speed: 26km/h, Wind direction: SW, Low tide: 12:47, High tide: 06:47, Low Tide: 01:40, High tide: 19:32 Rehoboth: 15° | 28° Mariental: 17° | 30° Keetmanshoop: 21° | 31° Aranos: 17° | 29° Lüderitz: 14° | 27° Ariamsvlei: 20° | 32° Oranjemund: 13° | 28° Luanda: 25° | 27° Gaborone: 15° | 26° Lubumbashi: 14° | 28° Mbabane: 13° | 21° Maseru: 8° | 23° Antananarivo: 14° | 22° Lilongwe: 15° | 27° Maputo: 18° | 26° Windhoek: 13° | 26° Cape Town: 17° | 24° Durban: 17° | 25° Johannesburg: 14° | 21° Dar es Salaam: 24° | 31° Lusaka: 16° | 27° Harare: 13° | 25° Economic Indicators: Currency: GBP to NAD 23.02 | EUR to NAD 19.82 | CNY to NAD 2.54 | USD to NAD 18.37 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.31 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.68 | ZWL to NAD 0.04 | BRL to NAD 3.57 | RUB to NAD 0.2 | INR to NAD 0.22 | USD to DZD 133.96 | USD to AOA 834.06 | USD to BWP 13.6 | USD to EGP 47 | USD to KES 130.23 | USD to NGN 1439.8 | USD to ZAR 18.36 | USD to ZMW 25.5 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 78464.25 Up +1.19% | Namibian Stock Exchange (NSX) Overall Index 1754.6 Up +1.22% | Casablanca Stock Exchange (CSE) MASI 13527.01 Up +0.36% | Egyptian Exchange (EGX) 30 Index 25155.92 Down -3.26% | Botswana Stock Exchange (BSE) DCI Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 336.10/OZ DOWN -0.0103 | Copper US$ 4.72/lb UP +2.52% | Zinc US$ 3 017.00/T UP 0% | Brent Crude Oil US$ 83.75/BBP UP +0.88% | Platinum US$ 1 000.29/OZ UP +0.72%