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City of Windhoek approves more building plans

City of Windhoek approves more building plans

The City of Windhoek approved a total of 306 building plans in October, 72 more than in September.

In value terms, approvals rose by N$194.1 million to N$327.7 million in October from N$133.6 million worth of approvals in September. However, a total of 65 building plans were completed at a value of N$54.8 million in October, a decrease of 73.4% in number and 50.1% in value of completions.

The largest number of building plan approvals in October was made up of additions to properties. 186 additions to properties were approved with a value of N$67 million, while new residential units were the second largest contributor to the number of building plans approved with 115 approvals registered in October, 30 more than in September. In value terms, N$242.9 million worth of residential units were approved in October.

5 New commercial units, valued at N$18.0 million, were approved in October, bringing the year-to-date number of commercial and industrial approvals to 38, worth a total of N$295.0 million.

Despite the last 3 months having seen a steady uptick in the 12-month cumulative number of plans approved in the capital, the cumulative value of plans approved is still trending downward from a longer-term perspective.

“The value of plans completed has however recovered more significantly, although as we have cautioned in the past, this could simply be due to a completions backlog (paperwork backlog) which is now being processed by the City of Windhoek, making it difficult to say when the actual construction activity took place,” IJG research noted.


About The Author

Donald Matthys

Donald Matthys has been part of the media fraternity since 2015. He has been working at the Namibia Economist for the past three years mainly covering business, tourism and agriculture. Donald occasionally refers to himself as a theatre maker and has staged two theatre plays so far. Follow him on twitter at @zuleitmatthys