Namibia: United Africa to Construct N$324 Million Hotel. The United Africa Group (UAG) is in the process of constructing a luxurious Hilton Garden Inn hotel in the heart of Windhoek.
This will be the third Garden Inn hotel in Africa. The construction of the hotel will cost approximately N$324 million and it will solely be owned by (UAG). Construction is slated to start soon and is expected to be completed by early 2018. "This hotel will be the biggest in the city with a huge conference and convention centre, restaurant and a parking lot of up to 350, and it will be having at least 180 rooms," said Haddis Tilahun, United Africa Group's founder and executive director at the groundbreaking ceremony on Tuesday.
Namibia: NUNW to Build N$234 Million Offices. By Ndanki Kahiurika Labour Investment Holdings (LIH) has proposed to turn the National Union of Namibian Workers (NUNW) offices into a commercial centre worth approximately N$234 million.
LIH is a NUNW company with its fingers in all sectors of the industry. Addressing the 45th executive committee on Saturday in Windhoek, the company's chief executive officer, Fillemon Iyambo, said once set-up, the complex will be run on a commercial basis. A presentation by quantity surveyor Alastair Rendall of Richard Frankle and Partners revealed that the new complex will be eight storeys high that will have an office block for the union. He said there will complexes with an accommodation unit, 40-seater halls and stores and a conference hall.
"The union offices, which will be several storeys high will be more visible from Independence Avenue and surrounding areas. Namibia: April Housing Index Shows Growth in Central, Northern Regions. The housing index grew by 13.8 percent on an annual basis towards the end of April, recovering significantly from the slow month of March and diverging from a relatively slow first quarter, says FNB Namibia.
Could the Namibian capital turn into a slum city? Namibia: Three Large Properties Drive Windhoek Property Plans. THE City of Windhoek approved 301 building plans valued at N$142,11million in September, IJG Securities announced yesterday.
For the period January to September 2 258 plans were approved, compared to 2 484 plans over the same period last year. IJG said in value terms, however, plans approved so far this year are worth N$1,8 billion compared to N$1,7 billion for the same period in 2013. "This increase is mostly due to three large commercial projects that were approved by the municipality in February 2014. On a monthly basis, a few more plans were approved in September when compared to August, while the value of plans approved is down 24,9%," IJG said in a report. Kinshasa : le projet de construction de la cité moderne de la Fikin piétine. Le projet de construction d’une cité moderne dans l’enceinte de la Foire internationale de Kinshasa (Fikin) piétine.
La China communication construction company et la direction de la Fikin, les deux partenaires engagés dans ce projet, s’opposent sur la question de la démolition d’anciens bâtiments du Motel Fikin, qui couvrent une partie de la concession concernée. La Fikin refuse de laisser la société chinoise les détruire tant qu’elle n’en a pas encore construit de nouveaux sur le reste de terrain vide.
Dans un avis publié le 9 septembre dernier, la Société Immobilière du Congo (Sic), joint-venture dans laquelle participent le gouvernement congolais et la China communication construction company, a annoncé aux pensionnaires du Motel Fikin la démolition, à partir du 30 octobre prochain, des appartements qu’ils occupent. La direction de la Fikin, de son côté, s’oppose à cette démolition.
Blocage Lire aussi sur radiookapi.net : House prices sky-rocket. The latest national housing price index released this week by First National Bank reveals the shocking rate at which house prices in Namibia are climbing, put Windhoek as the city where property prices increase faster than any other place in the world apart from Dubai.
Reflecting house price movements for June the index recorded a 29% year-on-year increase and show that in 2014 the price increase trend has accelerated significantly compared to movement over the last seven years. According to Namene Kalili, FNB’s recently appointed senior manager for research and development, “despite various policy interventions to increase new housing supply, volumes continue to trend downwards as fewer properties are traded from month to month and demand for properties continues to increase. Namibia Records Second Highest House Price Growth in World. Windhoek — "House prices increased by 29 percent year-on-year to bring the First National Bank (FNB) House Price Index to 234.7 index points through June as house prices continue to increase in 2014 at a much faster pace than the long-term trend over the past seven years," said Namene Kalili, Manager Research and Competitor Intelligence at FNB Namibia Holdings Ltd.
Kalili added that despite various policy interventions to increase new housing supply, volumes continued to trend downwards as fewer properties were traded from month to month and demand for properties continued to increase. House prices continue to rise - Namib Times. Yearly house prices continue to rise on the back of low supply of new and existing housing units.
This has resulted in local property prices increasing at a much faster rate than the RSA and US property markets. While volumes have increased over the past year, the near term data shows that short term supply is waning. However, there has been strong growth in the land delivery numbers and developer activity, through 2013 and 2014 and it is this activity that is expected to drive volume growth in the latter part of 2014 and possibly provide some price relief in a market that remains grossly under-supplied. Thomas Slabbert, Head of Home Loans has advised that FNB conducts surveys on a quarterly basis amongst the estate agents to gauge their insights on the local real estate market. The survey relates to estate agents' personal experience of market conditions for the quarter. Therefore, based on estate agents sentiments the trading environment continued to deteriorate. Namibia: Mass Housing Kicks Off in Zambezi.
Katima Mulilo — The Zambezi Region has joined other regions in the country by launching the mass housing project, with a total of 327 housing units to be built in Katima Mulilo and Bukalo during the first phase.
"The project will consist of the construction of 327 housing units. 229 of these units will be social houses that will be affordable to all low-income earners in the region. The remaining 98 will be conventional houses focusing on the middle-income market. Untitled-2 - Mall-of-Namibia-Brochure.pdf. 1990 Windhoek Namibia, Freedom Plaza. The Villager-Housing backlog growing - NHE. The national housing backlog now stands at 100 000 units with an annual growth in demand of 3 700 units.
Addressing the media last week in Windhoek, the National Housing Enterprise chief executive officer, Vinson Hailulu said that their biggest stumbling block is the slow or even non-availability of serviced land. Hailulu also said the housing backlog has been exacerbated by the overwhelming informal settlements in all urban centres in the country and the fact that more than 73% of Namibians do not have access to credit facilities offered by the financial service sector and consequently cannot afford to buy urban land and housing.
According to Hailulu, house prices have gone up largely because of high input costs and limited supply of housing stock and legislative, policy and regulatory constraints. Mmercial Real Estate business booms in Namibia. Upmarket housing buys stagnate. Author: The property industry is starting to move away from the traditionally more in demand up-market, the latest statistics from FNB’s monthly Housing Index shows. Median house prices fell across the country by an average 5% in October 2012, as a new trend towards the middle and lower segment property market seems in the loom. “… NHE delivered new housing stock in Otjomuise and Kuisebmund, which lowered the median house price for October.
Namibia sees growing interest from South African home buyers. Priced at N$6.6 million. Situated in Windhoek,ideal for a family or as a B&B. Refreshingly bright with an abundance of open plan areas, appealing pool deck, indoor gym and Jacuzzi, it has four stylish en suite bedrooms and a large open plan kitchen,. Historically an appealing destination for South African tourists, Namibia is experiencing increasing interest from South African home buyers, mainly among those seeking to acquire homes in Windhoek and leisure and residential properties in Swakopmund, says Dr Andrew Golding, CE of the Pam Golding Property group. Hansa Hotel Swakopmund Gallery - H·A·N - Hospitality Association Namibia.
Namibia: New Strand Hotel Design Gets Thumbs Up. Property Listings. Syntyche - Investor Information Pack - EMC Property Fund.pdf (application/pdf Object) Namibia: Keetmanshoop to Get N$92 Million Retail Centre.