Condominium Winners 2022 PDF

Condominium Winners 2022 PDF Download

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Condominium Winners 2022 PDF Details
Condominium Winners 2022
PDF Name Condominium Winners 2022 PDF
No. of Pages 139
PDF Size 1.1 MB
Language English
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Condominium Winners 2022

Dear reader, if you are searching for Condominium Winners 2022 PDF and you are unable to find it anywhere then don’t worry you are on the right page. Addis Ababa Housing Agency is conducting a draw for the replacement of 51,229 homes built through a condominium housing project in the city. The transfer will be done through a lottery ticket, but the process details are not disclosed.

Condominium units are available in 2 different sizes.

Addis Ababa city administration said in a statement that 32,653 condominium houses of 20×80 and 18,576 houses of 40×60 would be transferred to everyone who draws and wins. In the same report, 20/80 residential homes would have 5% for persons with disabilities, 20% for civil or government employees, and 30% for female residents.

The financial requirement for the lottery draw is for registrants to show a minimum savings of 40% of the cost of the condominium at the time of registration. Per management’s calculations, buyers of a 1-bedroom condominium house pay 65,050 ETB or 2,306 USD at current foreign exchange rates. For a 2 bedroom, residents will pay 100,000 ETB or 3,703 USD and for a 3 bedroom, the price will be 154,000 ETB or 5,703 USD.

Condominium Winners 2022 PDF

According to some information, the third round 40/60 condominium lottery ceremony will be held tomorrow (July 07, 2022). However, there are 79,794 people waiting to get lucky during the official lottery draw.

According to the Ethiopian Monitor, these rates are much lower than the prices of getting similar units built by private developers in the city. There is a huge supply and demand gap in the housing market in Addis Ababa. Beneficiaries are expected to repay the balance over a period of ten to 20 years. PDF
The third round of 20/80 and the 14th 40/60 Addis Ababa condo unit handover was due to take place today before being postponed to Friday, July 08. According to Tiwa, the reason for this was a conference call planned by the House of People’s Representatives. for the same day. Overall, a total of 25,491 units have been transferred, of which 18,648 are part of the 20/80 scheme, and the remaining 6,843 covers 40/60.

However, there are 79,794 people waiting to get lucky during the official lottery draw. Only those people who did the 1997 and 2005 E.C. who have saved for an average of 60 months (20/80) or who have paid 40% (40/60) so far are eligible for tomorrow’s withdrawal. Beneficiaries are expected to repay the remaining amount over a period of ten to 20 years. A state-owned bank holds the mortgage.
20/80 condos are located at sites Barket, Bole Arapsa 3, 5, and 6, Wonder, Yeka Dafo, Gemmo Kara, Koro Siassi, Furi Hana, and Fanuel. It costs 7,997.17 bir per square meter, while 40/60 condos are located at Hyatt, Bole Peshal and Bole Bulbla sites and cost 11,162.97 bir per square meter. According to the Ethiopian Monitor, these rates are much lower than the prices of getting similar units built by private developers in the city.

On the other hand, the housing crisis in the city is not over yet. According to Addis Ababa’s mayor, Advantek Abebe, only 300,000 condo units have been handed out in the 17 years since the housing project began. To meet the growing demand, the city administration is implementing five additional housing development projects, including joint venture housing, in tie-up with the private sector to encourage investment in the 70/30 public-private partnership development project. real estate sector, and works on development projects that build low-cost homes and provide affordable rentals to those who cannot afford other options.

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