UPDATE [JUNE 12, 2018] – List of Names for 12th Round 20/80 Condominium Winners in Addis Ababa Ethiopia
11th and 12th round 20/80 condominium winners’ prices in Addis Ababa Ethiopia
|Condominium Type||Price per Square meter (SQM)|
|One bedroom||3,438 Birr|
|Two bedroom||4,394 Birr|
|Three bedroom||4,776 Birr|
40/60 condominium prices as per Addis Ababa Saving Houses Development Enterprise (ASHDE) 2017 price changes is 4,918 birr per square meter.
|Condominium Type||Current Total Price||Square Meter||Initial Price||Monthly Payment|
|One bedroom||162,000||1,033 birr|
|Two bedroom||609,800 birr||124||250,000 Birr||1,575 birr|
|Three bedroom||737,700 birr||150||386,000 Br||2,453 birr|
|Four bedroom||826,200 birr||168||Was not available during the initial registration||Was not available during the initial registration|
It is important to note that the monthly payment has not been updated along with the price increase. It is safe to assume that it too has also increased by the same amount.
The above prices do not include the interest rate that will be added by Commercial Bank of Ethiopia. It was reported that CBE’s interest rate increment expects two-bedroom buyers to add 91, 470 birr and three and four bedroom buyers to add 110, 650 birr and 124,000 birr respectively on the total prices that they’ve paid for the houses. These condos are located in Senga Terra and Crown sites.
You can read more on the report – Commercial Bank Adds 124,000 birr on the 40/60 condominium payment