UPDATE [APRIL 28, 2015] - New Information about total number
of people who have registered, total number of people who paid the full
amount has been released. Check out the link below.
40/60 Condominium Statistics
UPDATE : 20/80 and 10/90 CONDOMINIUM UNITS HAVE BEEN TRANSFERRED TO HOME OWNERS ON MARCH 22, 2015.
List of names for 10/90 condominium apartment winners Addis Ababa Ethiopia.
List of names for 20/80 condominium apartment winners Addis Ababa Ethiopia.
To get the latest updates on condominium construction in Ethiopia, check the below links.
- 40/60 Condominium
- 20/80 Condominium
- 10/90 Condominium
Moved
by a larger demand for the 40/60 housing scheme, the Ministry of Urban
Development, Housing & Construction (MUDHC) has prepared three new
designs of up to 24 storeys.
Apart from the 12 storey buildings
under construction at different sites across the city, the rest of the
buildings to be constructed under the new scheme will be 16, 18 and 20
storey with two basements, and 24 storey buildings with three basements,
according to Desta Shewamola, head of Houses & Building Design
Preparation & Implementation Department.
The Ministry has
commissioned the preparation of the designs to ETG Designers &
Consultants Plc, for the design of the 16, 20 and 24 storey buildings
while the Addis Abeba Savings & Houses Development Enterprise
(AASHDE) has prepared the design for the 18 storey buildings. ETG is a
category 1 consulting and designing firm established in 1995.
The
decision to increase the height of the buildings to be constructed
under the scheme is made in order to accommodate the larger demand of
houses through an efficient use of the lands apportioned for the
purpose, according to Desta.
In addition to the increased number
of houses to be included in the newly designed buildings, the proportion
of the types of houses to be included in each of these buildings will
also vary from those currently under construction.
The Ministry
has availed three types of houses under the 40/60 scheme based on the
number of bedrooms they accommodate. Accordingly, the 12 storey
buildings under construction encompasses one bedroom, two bedroom and
three bedroom houses, the number of which are equally proportional in
each of the buildings.
Nonetheless, the design of the 12 storey
buildings, which was made before registration of the house was made,
that has incorporated all the three types of the houses in proportional
number is found to be incompatible with the demand manifested for each
of the three types of houses during the registration under the scheme.
Out
of the total number of 160,000 residents registered under the scheme,
only four percent is registered for one bed room houses and 46pc for the
two bed room while half have registered for the three bed room houses.
Currently,
there are 12,279 houses that are being constructed at nine sites
across the city under the scheme. Out of this the construction progress
of those at Lideta District, Senga Tera area has reached 61pc while
those that started in the last fiscal year, at other sites have reached
12pc completion, according to the final draft of the annual performance
of the Ministry.
City residents who are registered under this
scheme must save 40pc of the value of the houses within five years and
the government arranges a loan for the remaining 60pc from the
Commercial Bank of Ethiopia (CBE) by mortgaging the house to be
transferred to the user upon completion.
One, two and three
bedroom houses under the 40/60 scheme cost 162,000 Br, 250,000 Br and
386,000 Br, respectively. The respective monthly savings are 1,033 Br,
1,575 Br and 2,453 Br for five years.
The construction cost of
the buildings for the house seekers under the scheme is, however,
adjustable based on the market price of the construction materials.
Besides, the cost of the newly designed buildings may differ from the
current amount, according to Desta.
“The price of the houses may increase,” says Desta. “The government, however, may subsidise it.”
Every
building to be built based on the new designs will have an electric
power generator that will serve the houses in case of a power shortage,
according to Desta.
In addition to those in progress under the
40/60 scheme, the government is also constructing 124, 220 houses under
the 20/80 low cost housing scheme. Out of this, the construction of 71,
127, which were begun in 2010/11 and 2011/12, has reached 91.2pc while
that of 13, 014 houses has reached 13.28pc; those whose construction
started in 2013/14 fiscal year are at basement stage. The total number
of house seekers that are registered under this scheme is 780,000
residents of the city, according to data from the Commercial Bank of
Ethiopia (CBE).
The third category of the low cost housing types
underway by the government is the 10/90 scheme, for which around 20,000
house seekers are registered, according to data from the CBE. The
construction progress of the 24,288 houses for the registrants under
this scheme have reached 62.17pc, according to data from the MoUDHC.
The
government has now used 6.3 billion Br which has been raised through
the sale of bonds for the construction of these houses, the Ministry
says that so far 1.25 billion Br has been spent on the 40/60 houses
currently under construction.
