Flinstone Homes, Ethiopia transferred 527 homes constructed at the Twin Crossing Site in Addis Ababa.
The real estate company constructed 450 apartments, 60 town houses and 40 Villas at the site which is located in a sub urban setting with scenic views as well as access to a four lane high way and several private housing developments in the area.
The private sector housing projects complement the urban development program which is designed to alleviate the shortage of housing in the city according to Hailemeskel Tefera, State Minister for Urban Development and Construction.
In related news The city administration of Addis Ababa has finalized preparations to construct 35,000 condominium houses in the next financial year said the Construction and Housing Development Bureau of the administration.The houses will be constructed at the Yeka Abido, Arab and Kilinto sites all reserved for the construction of condominium housing said Getachew Hailemariam, Head of the Bureau. 70% of the houses are designated for low income households he noted.
The administration expects to build more than 170,000 condominiums in the coming three years he added.
The buildings are intended to be cost effective and in line with master plan established for the city explained Getachew. More than 340 local contractors are expected to take part in the construction activities.
It is to be remembered that the city is set to transfer 20,000 condominium houses to beneficiaries in the next two months announced a statement.
The construction of some of the condominium buildings is fully complete while others are still under construction according to the statement released by the Construction and Housing Development Bureau of the City.
Source: Capital
