13 September 2017

Namibia: 95 Otjomuise Plots Up for Sale

THE City of Windhoek last week approved the sale of 95 single residential plots in Otjomuise Extension 5 to first-time buyers.

The 95 plots are part of 116 plots recommended for sale by the housing, property management and human settlement department, according to council minutes of 7 September.

Among the 116 plots, there are 111 single residential and five general residential/business plots, with reserve prices ranging from N$200 000 to N$600 000.

Apart from giving first-time buyers preference, people living with disabilities would also be considered ahead of all others when the plots go for sale using offers of purchase and tender for sale.

About 20% of the approved single residential plots were also reserved for the municipality's employees.

Ino Investment Holdings, which is in a public-private partnership agreement with the city, would be responsible for the installation of municipal services.

The buyers will be given only 90 days to honour their payments from the date of acceptance of the conditions of allocation, or else the transaction will be cancelled, and no "further extension shall be granted, and the erven will be allocated to the next tenderer".


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