Sh40 billion Watumishi Housing Investments project to address housing challenges
What you need to know:
- The houses will be built through government funding and will be executed between 12 and 18 months.
Dar es Salaam. Watumishi Housing Investments (WHI) plans to spend Sh40 billion on implementing three projects to construct residential buildings targeting 345 public servants and members of pension funds.
A report from the Centre for Affordable Housing Finance in Africa (CAHF) shows that Sh14.5 billion was invested in Tanzania for housing construction and rental activities.
The amount that was utilised for the construction of dwellings comprises 11.3 percent of the gross domestic product (GDP).
WHI public relations and communications specialist Maryjane Makawia said yesterday that the implementation of the projects will be completed in the next four years.
She named the projects as the construction of 150 apartments on a plot purchased in Mikocheni Regent Estate, whose execution will commence in December this year.
"The implementation of this project will cost Sh22 billion. It is expected to be concluded in the next two years," she told The Citizen.
"Six different types of apartments will be constructed in the area, including studio apartments, one-bedroom houses, and two- and three-bedroom apartments. They will be of different types and sizes in order to meet the demands of public servants and members of pension funds."
According to Ms Makawia, the houses will be sold at different prices ranging from Sh45 million to Sh180 million, noting that the public is invited for the interest-free presell.
She said another project would involve the construction of affordable houses in the new municipal councils of Kilwa, Songea, Masasi, Handeni, Iramba, and Kabakwe, slated to cost Sh3 billion.
The houses will be built through government funding and will be executed between 12 and 18 months.
The third project is the Samia Housing Scheme, which will be implemented in the Kawe Area under the collaboration of the WHI and the National Housing Corporation.
The project will involve the construction of 800 apartments in the next five years in order to meet the demands of public servants and members of pension funds.
According to the WHI official, the project will involve the construction of 120 apartments starting at the end of this year.
"The 120 apartments envisioned for this year will cost Sh15 billion,” she said.
WHI was established with the primary objective of enabling public employees and members of pension funds to own affordable houses and serviced plots, which are aspirations enshrined for both national and international purposes.
