OUT of the 479 houses being constructed in Chongwe by Government in partnership with a Chinese company at a cost of US$16 million, 230 units are ready for occupation.

Zambia Development Agency (ZDA) – Henan Guoji Development Company Limited deputy general manager Richard Chavula said the Silverest housing complex is expected to be completed this year to address the current housing deficit.

According to the findings by Habitat for Humanity, a minimum of 150,000 houses need to be built in Zambia annually to meet the housing deficit of 1.3 million in urban and 1.5 million in rural areas.

Mr Chavula said 249 houses are 70 percent complete with some works to be done such as interior fixtures, water and sewerage lines among other amenities.

“All the 479 housing units constructed, including the 230 completed and 249 units or commercial facilities yet to be completed represent a total investment of US$16 million,” he said in an interview on Wednesday shortly after ZDA director general Patrick Chisanga toured the project.

Mr Chavula said to date, 272 houses have been sold to the public although payments are at agreed models.

The complex will comprise low, medium and high cost houses. The housing scheme will also include a shopping mall, Play Park and a clinic, among other facilities.

He said the project has created over 1,000 jobs for the locals.

Earlier, Mr Chisanga said the housing deficit that the country is facing is an investments opportunity for local and foreign investors in the real estate’s industry.

“The collaboration between ZDA and Henan Guoji Company is a manifestation of the private sector working with Government to promote growth and development in the country,” he said.

Mr Chisanga said investments in the sector will help create jobs for the locals promote business opportunities in the country.



SOURCE: Zambia Daily Mail

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