Addis Ababa Mayor Diriba Kuma has announced that 39,000 condominium units will be transferred to owners on Hamle 30, 2008 (August 06, 2016).
Women and government employees will get 30% and 20% more chance for the lottery draw. It was reported that an estimated 8 Billion birr was spent for the development of the condominium units while another 9 billion was spent on developing infrastructure around the condominiums.
Around 39,126 condominium units are 96% complete and are awaiting the lottery winners. Out of the condominiums, 23,000 units are for people registered under the 10/90 condominium scheme while 14,516 are for people registered under the 20/80 condominium scheme.
The condominium units are located in Kilinto, Bole Arabsa Lideta Kirkos and Project 15 Sites, Koyo Fiche, Bole Hayat Sites 3, 4 and 5.
People to be included on the lottery draw are the ones who have continuously saved for 29 months or people who haven’t stopped saving for more than 6 months.
Out of the people registered under 10/90 scheme, everyone except 2,111 people who have discontinued saving money, will be included on the lottery draw. It was also reported that 1,717 condominium houses have been built for business purposes.
46 day care centers, 14 primary schools, 6 secondary schools, 4 health centers are in their final stages of construction.
Green areas and public parks are also in their final stages of construction. 89 common buildings and 72 kilo meters of road have also been completed.
40/60 condominium house lottery draw has been delayed for an unspecified period.
11th Round Condominium Prices per square meter
Studio – 2,483 Birr
1 Bedroom – 3,438 Birr
2 Bedroom – 4,394 Birr
3 Bedroom – 4,776 Birr