40/60 Condominium Latest Ethiopian News

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Addis Ababa City Administration Unveils Option To Help Residents Waiting for 20/80 and 40/60 Condominiums to Build Houses Under Associations

The City Council of Addis Ababa has passed a decision aiming at enabling registered residents waiting for condo lot to build houses under associations. Decision came after the city administration has considered housing problem prevailing in the capital. Plan mainly targets residents of the city who have registered for 20/80 and 40/60 condo housing schemes.

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Lottery for 51,229 condominium houses in 40/60 and 20/80 program to be held on Wednesday, March 05, 2019

The Addis Ababa city administration will transfer 51,229 condominium houses in a lottery draw on Wednesday, March 6, 2019. The condominium houses were built under the 20/80 and 40/60 housing schemes. 32,653 are in the 20/80 scheme while the remaining 18,576 are in the 40/60 scheme. Out of the 20/80 condominium houses, 1,248 are studios, 18,823 are one bedroom, 7,127 are two bedrooms while the remaining 5,455 are three bedroom condominium apartments.

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