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N$75m affordable housing initiative kicks off in Grootfontein
N$75m affordable housing initiative kicks off in Grootfontein

N$75m affordable housing initiative kicks off in Grootfontein

The minister of urban and rural development Erastus Uutoni on Thursday officiated the ground-breaking ceremony for a development of a new housing initiative at Grootfontein in the Otjozondjupa Region.
The initiative, spearheaded by Singleton Commercial CC, will see the construction of 122 affordable houses for civil servants - especially teachers, members of the defence force and the police.
The township, to be known as Le Mont Village Mix Development, is the brainchild of Edward Tokolo Kasete, with the backing of development partners Tom van Wyk, a professional quantity surveyor, Antonio De Jesus, a professional electrical engineer, and Roger Herunga, a professional mechanical engineer.
Singleton Commercial obtained the undeveloped land from the municipality of Grootfontein through a public-private partnership in 2017.
“These were approved on private treaty if we performed we can return for extensions of more land. Singleton Commercial is truly honoured to be part of this momentous journey to grow the town of Grootfontein and to be part of the housing delivery solution for our country,” Kasete said.
Uutoni described the initiative as one to be emulated as government alone cannot shoulder the immense investment required for the servicing of land and the construction of low-cost housing.
“It is, therefore, important to state that mitigating our collective shortage as well as affordable housing solutions for all Namibians is a national imperative that requires us to purposefully explore viable alternative ways of ensuring that every Namibian has a decent roof over their heads,” the minister said.
Le Mont Village Mix Development boasts one business plot for a mid-size shopping complex, one institutional plot for a clinic, library or church and eight play parks for children. All the streets in this development will be fully interlocked and paved.
The developers offer turnkey housing projects where clients will sign up for plot and plan, with its sister company as construction contractors.
“We have opted to go this route to control construction quality and workmanship and listen to clients’ concerns during construction till completion. We have put in a clause for a retention period for clients to enjoy their new house with peace of mind,” Kasete said.
To avoid land speculations, no plot will be sold separately. Clients have the option to choose from 18 architecture house plans. The smallest house - 72m2 in size, situated on 406m2 land - goes at a starting price of N$620 000, Kasete said.

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Namibian Sun 2024-04-25

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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$ 2 326.23/OZ UP +0.43% | Copper US$ 4.51/lb UP +1.59% | Zinc US$ 2 859.90/T UP 1.9% | Brent Crude Oil US$ 87.94/BBP DOWN -0.0006 | Platinum US$ 904.61/OZ UP +0.27% Sport results: Premier League: Manchester United 4 vs 2 Sheffield United | Everton 2 vs 0 Liverpool | Crystal Palace 2 vs 0 Newcastle | Wolves 0 vs 1 Bournemouth | Arsenal 5 vs 0 Chelsea LaLiga: Sevilla 2 vs 1 Mallorca SerieA: AC Milan 1 vs 2 Inter Milan | AS Roma 1 vs 3 Bologna European Championships Qualifying: Coventry City 2 vs 3 Hull City | Leicester City 5 vs 0 Southampton | Middlesbrough 3 vs 4 Leeds United English Championship: Coventry City 2 vs 3 Hull City | Leicester City 5 vs 0 Southampton | Middlesbrough 3 vs 4 Leeds United Weather: Katima Mulilo: 15° | 34° Rundu: 15° | 34° Eenhana: 15° | 35° Oshakati: 17° | 34° Ruacana: 17° | 35° Tsumeb: 18° | 33° Otjiwarongo: 14° | 31° Omaruru: 17° | 34° Windhoek: 15° | 29° Gobabis: 17° | 31° Henties Bay: 15° | 21° Wind speed: 22km/h, Wind direction: S, Low tide: 10:02, High tide: 04:02, Low Tide: 22:08, High tide: 16:27 Swakopmund: 15° | 16° Wind speed: 27km/h, Wind direction: SW, Low tide: 10:00, High tide: 04:00, Low Tide: 22:06, High tide: 16:25 Walvis Bay: 15° | 23° Wind speed: 35km/h, Wind direction: SW, Low tide: 10:00, High tide: 03:59, Low Tide: 22:06, High tide: 16:24 Rehoboth: 16° | 31° Mariental: 19° | 32° Keetmanshoop: 19° | 32° Aranos: 20° | 33° Lüderitz: 14° | 25° Ariamsvlei: 18° | 31° Oranjemund: 14° | 21° Luanda: 26° | 29° Gaborone: 18° | 31° Lubumbashi: 12° | 26° Mbabane: 15° | 20° Maseru: 12° | 26° Antananarivo: 14° | 26° Lilongwe: 14° | 27° Maputo: 20° | 27° Windhoek: 15° | 29° Cape Town: 16° | 24° Durban: 18° | 23° Johannesburg: 18° | 25° Dar es Salaam: 23° | 26° Lusaka: 18° | 29° Harare: 15° | 29° Economic Indicators: Currency: GBP to NAD 23.69 | EUR to NAD 20.33 | CNY to NAD 2.62 | USD to NAD 18.97 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.34 | EGP to NAD 0.39 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.72 | ZWL to NAD 0.04 | BRL to NAD 3.72 | RUB to NAD 0.21 | INR to NAD 0.23 | USD to DZD 134.05 | USD to AOA 834.06 | USD to BWP 13.85 | USD to EGP 47.85 | USD to KES 134.48 | USD to NGN 1277.03 | USD to ZAR 18.98 | USD to ZMW 26.3 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 74513.94 Up +0.68% | Namibian Stock Exchange (NSX) Overall Index 1545.38 Up +1.53% | Casablanca Stock Exchange (CSE) MASI 13281.24 Up +0.26% | Egyptian Exchange (EGX) 30 Index 25917.59 Down -3.21% | 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$ 2 326.23/OZ UP +0.43% | Copper US$ 4.51/lb UP +1.59% | Zinc US$ 2 859.90/T UP 1.9% | Brent Crude Oil US$ 87.94/BBP DOWN -0.0006 | Platinum US$ 904.61/OZ UP +0.27%