1 000 Walvis homes by June
1 000 Walvis homes by June

1 000 Walvis homes by June

Otis Finck
Urban and rural development minister Sophia Shaningwa has expressed satisfaction with the prices and quality of show houses being built by 22 contractors in Walvis Bay.

“I expect President Hage Geingob to inaugurate the houses and hand over keys to more than 1 000 new homeowners at the site by June,” the minister said upon the conclusion of a four-day visit to the coast on Monday.

She instructed the mayor to inform those contractors who finished on time and on budget to proceed with the construction of more than 1 200 houses.

“The contractors proved that decent houses can be built for less than N$500 000. I observed two- and three-bedroom houses being built within the space of two weeks.

This means Namibians can work efficiently and cost effectively,” said Shaningwa.





The minister reiterated that she was not interested in houses priced above the N$500 000 bracket and said she would only look at and consider affordable houses priced between N$500 000 and N$200 000 to aid the poor and address the need for low-cost housing.



“Those in control of financial institutions also responded positively to the project. Standard Bank visited the site, made a total commitment and indicated it was ready to provide mortgages for the houses being constructed. First National Bank did the same. Financial institutions must realise the importance of ensuring that money circulates in the country,” said the minister.



In reference to an application submitted by the Walvis Bay council to NAMPAB for land at Farm 37 to establish a new township for the construction of low-cost housing, Shaningwa said she advised councillors to submit proper applications to her ministry through the office of the permanent secretary.



“NAMPAB is part and parcel of the ministry. I will ensure that problems currently being experienced are dealt with adequately. There was no proclamation of new extensions in Walvis Bay for the past 50 years while the population has been growing rapidly. Institutions should understand that provision must be made for the proclamation of new areas to include these increases.



“The land belongs to the government and ministries should realise the need for extensions as the lack of it leads to congestion.”



The municipality of Walvis Bay last year awarded 44 residential plots at Extension 5 behind Tutaleni township to 22 selected contractors for the construction of 44 low-cost show houses.



The project in Walvis Bay is considered as a trial for the contactors, since a selected number of them will advance to the next phase of evaluation to ascertain which of the contractors have the capacity to build a further 900 houses.



People on the municipality's waiting list will have an opportunity to view the show houses and select the type they can afford.



The first of the 44 prototype units are already completed and more are expected to be finished by March.



Each contractor was allocated two erven, on which they are building houses in accordance with building plans and specifications provided by the municipality.



The project originates from a joint initiative by the Ministry of Urban and Rural Development and the Ministry of Finance, which devised a public-private partnership concept specifically for the purpose of creating affordable housing.



About 2 000 homes will be built in Walvis Bay.





OTIS FINCK

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Namibian Sun 2024-05-19

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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$ 2 414.72/OZ UP +1.55% | Copper US$ 5.04/lb UP +4.12% | Zinc US$ 3 059.30/T UP 0.11% | Brent Crude Oil US$ 84.28/BBP UP +0.60% | Platinum US$ 1 084.88/OZ UP +2.19% Sport results: Premier League: Sheffield United 0 vs 3 Tottenham Hotspur | Crystal Palace 5 vs 0 Aston Villa | Brentford 2 vs 4 Newcastle | Brighton 0 vs 2 Manchester United | Liverpool 2 vs 0 Wolves | Burnley 1 vs 2 Nottingham Forest | Luton Town 2 vs 4 Fulham | Manchester City 3 vs 1 West Ham | Arsenal 2 vs 1 Everton | Chelsea 2 vs 1 Bournemouth LaLiga: Deportivo Alaves 1 vs 0 Getafe | Real Sociedad 1 vs 0 Valencia | Almería 0 vs 2 Barcelona | Las Palmas 2 vs 2 Real Betis SerieA: Udinese 1 vs 1 Empoli | Monza 0 vs 1 Frosinone | Sassuolo 0 vs 2 Cagliari | Torino 3 vs 1 AC Milan | Lecce 0 vs 2 Atalanta | Fiorentina 2 vs 2 Napoli European Championships Qualifying: Southampton 3 vs 1 West Bromwich Albion | Leeds United 4 vs 0 Norwich City English Championship: Southampton 3 vs 1 West Bromwich Albion | Leeds United 4 vs 0 Norwich City F1: Emilia Romagna GP First:Max Verstappen Red Bull 01:25:25 Second:Lando Norris McLaren + 00:00:00.725 Third:Charles Leclerc Ferrari + 00:00:07.916 Weather: Katima Mulilo: 11° | 31° Rundu: 9° | 30° Eenhana: 11° | 31° Oshakati: 12° | 31° Ruacana: 12° | 31° Tsumeb: 13° | 29° Otjiwarongo: 12° | 27° Omaruru: 14° | 29° Windhoek: 12° | 26° Gobabis: 13° | 27° Henties Bay: 20° | 36° Wind speed: 27km/h, Wind direction: E, Low tide: 07:06, High tide: 13:28, Low Tide: 19:06, High tide: 01:31 Swakopmund: 20° | 26° Wind speed: 25km/h, Wind direction: S, Low tide: 07:04, High tide: 13:26, Low Tide: 19:04, High tide: 01:29 Walvis Bay: 22° | 33° Wind speed: 25km/h, Wind direction: SE, Low tide: 07:04, High tide: 13:25, Low Tide: 19:04, High tide: 01:28 Rehoboth: 12° | 27° Mariental: 15° | 29° Keetmanshoop: 18° | 30° Aranos: 15° | 29° Lüderitz: 16° | 35° Ariamsvlei: 18° | 32° Oranjemund: 13° | 33° Luanda: 24° | 26° Gaborone: 14° | 27° Lubumbashi: 11° | 26° Mbabane: 12° | 25° Maseru: 8° | 24° Antananarivo: 15° | 22° Lilongwe: 13° | 26° Maputo: 20° | 27° Windhoek: 12° | 26° Cape Town: 14° | 21° Durban: 17° | 28° Johannesburg: 15° | 24° Dar es Salaam: 24° | 32° Lusaka: 13° | 25° Harare: 12° | 26° Economic Indicators: Currency: GBP to NAD 23.01 | EUR to NAD 19.73 | CNY to NAD 2.51 | USD to NAD 18.15 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.3 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.7 | ZWL to NAD 0.04 | BRL to NAD 3.55 | RUB to NAD 0.2 | INR to NAD 0.22 | USD to DZD 134.35 | USD to AOA 847.42 | USD to BWP 13.49 | USD to EGP 46.86 | USD to KES 130.48 | USD to NGN 1467 | USD to ZAR 18.15 | USD to ZMW 25.45 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 79530.63 Up +0.03% | Namibian Stock Exchange (NSX) Overall Index 1754.58 Up +0.81% | Casablanca Stock Exchange (CSE) MASI 13426.13 Up +0.11% | Egyptian Exchange (EGX) 30 Index 26142.84 Up +3.27% | Botswana Stock Exchange (BSE) DCI 9151.06 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$ 2 414.72/OZ UP +1.55% | Copper US$ 5.04/lb UP +4.12% | Zinc US$ 3 059.30/T UP 0.11% | Brent Crude Oil US$ 84.28/BBP UP +0.60% | Platinum US$ 1 084.88/OZ UP +2.19%