14 February 2013

Namibia: Windhoek Approves Building Plans Worth N$170.4 Million

Building plans approved by the City of Windhoek increased 5.8 percent to 239 in January and by 53.2 percent over December 2012.

The increase is in line with the monthly average of 243 plans approved during the course of 2012, as well as the January average over the past 3 years of 236. The value of plans approved increased by 51.7 percent month-on-month and by 32.5 percent year on year to a total of N$170.4 million. Both the increases in numbers and value approved were driven by residential plans, as well as one addition in the Windhoek area of N$61.8 million.

The most additions were seen in the Katutura and Khomasdal areas, where 27 plans were approved in both areas to the value of N$4.2 million and N$6.3 million respectively. The Windhoek area saw 24 plans approved to the value of N$73.8 million, courtesy of one big addition worth N$61.8 million. Residential plans were quite evenly spread, with the highest value approved coming from the Erospark area where 2 plans to the value of N$9.7 million were approved.

Only four commercial plans were approved to the value of N$9.8 million in January, compared to 4 plans to the value of N$55 million in January 2012. This translated into a decrease of 82.1 percent. Buildings were completed during January 2013 were 98 according to the City of Windhoek, compared to 34 completions in January 2012 and 24 in December 2012, translating to an increase of more than 300 percent both on a monthly and annual basis.

The 98 completions in January are the highest number of completions for a given January month since 2008, although slightly below the average monthly completions for 2012. The total value of the plans completed however was only N$25.1 million, compared to the N$70.1 million recorded from only 24 plans in December 2012. The bulk of the buildings completed during January were additions done in the Katutura and Hakahana areas, which recorded 27 and 20 completions, respectively to the value of N$4.5 million and N$3 million.

Another seven buildings were completed in the Windhoek area to the total value of N$5.1 million. Overall, 84 of the 98 buildings completed were additions, 12 were houses while only two commercial buildings were completed during the month.

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