[Update - September 03, 2015] -
40/60 Condominium Locations, Number of Houses, Number of Blocks and Current Status
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.
The Eighth Criminal Bench of the Federal High Court, Lideta Division, on May 22, passed a 12-year sentence against Ayalew Tessema founder and CEO of Ayat S.C. and a 90-million birr fine against the company.
