Harare — CHITUNGWIZA Municipality has unveiled more than 7 000 more residential stands under the Nyatsime Phase 2 residential scheme.

Recently, the municipality released 4 000 high-density stands on farms allocated to council by Government under land reform.

Vast sums have had to be mobilised to provide services -- water pipes, sewers and roads. It is largely the cost of these services that fix the final selling price of the stands.

Local authorities try to develop and sell stands in high density suburbs at prices that break even, with neither a profit not a loss. Selling of the stands has already begun to people on the municipality's housing waiting list.

The stand sizes range from 400 to 1 600 square metres and are priced from $19,2 million to $76 million and interested people should pay at least 60 percent of the total cost with the balance paid over six months.

"Any amount outstanding after the expiry of the six months' period will be subject to an interest charge of 30 percent per annum," the town clerk Mr David Govera said.

Mr Govera added that inquiries on the stands should be directed to the department of housing and community services.