NHE ventures into rentals

Due to the overall high demand of housing in the country, the National Housing Entreprises (NHE) has decided to venture into a rental accommodation project in the Goreangab area of the capital.
NHE already has a similar rental accommodation project in Eenhana which according to the national housing provider, has proven the viability of the concept.
According to Gladwin Groenewaldt, Senior Corporate Communication Officer, the construction of the block of flats in Goreangab started last year November. It consists of 24 units and is expected to be completed by the end of October this year.
He said, with this project NHE is targeting those people who are unable to buy houses due to various constraints, as well as young persons in new jobs.
The construction of the new block of flats will cost N$13million.
The company is currently busy constructing over 200 houses in Ongwediva and 316 houses in Walvis Bay, with more to be built in Eenhana, Rundu, Omuthiya and Tsumeb, as well as another housing project in Otjimuise which is nearing completion.
Development cost for the the Otjimuise site is just over N$20million to construct 140 houses for phase 1 of the project and almost N$68 million for the construction of 200 houses during phase 2.
There are over 7000 people on the NHE waiting list, with some expected to be beneficiaries of phase 1 of the newly completed Otjimuise housing project. 54 houses will be made available to beneficiaries by the end of July, while a further 48 houses will be occupied by the end of September.
“Since Independence until 2012 , NHE has built 13,295 houses (based on the annual reports). For the 2012/2013 financial year which is ending 30 June 2013, it has been planned to build 1254 houses and 1034 plots, while the budget for 2013/2014 has not yet been approved by the Board,” said Groenewaldt.