The municipal authority in Namibia’s capital Windhoek will deliberate on the sale of 319 single residential plots, in a move to bridge the housing backlog which has been exacerbated by urban to rural migration among others.
The city’s mayor, Muesee Kazapua, Friday said the land was serviced through a public-private partnership (PPP) between the City Council and a local land developer.
Kazapua said a total of 231 single residential plots of land will be sold in Rocky Crest Ext. 4, a suburb 9 km from the CBD.
“Council will also deliberate on the sale of 88 single residential plots, in Kleine Kuppe Ext. 1 and the plots were serviced through a PPP arrangement between the city council and Chamac Investments,” he added.
Kazapua said the sale and allocation of the 319 single residential plots, is clear testimony that the municipal authority is hard at work in the quest to make serviced land available to the residents.
Kazapua furthermore cautioned citizens not to occupy land unlawfully.
Meanwhile, the recent property index from Namibia’s First National Bank (FNB) suggests that the contraction in housing prices in Namibia is set to continue, given the depressed economic environment. Enditem