HOUSING Property Diary

https://twitter.com/TheNamibian A Publication of

https://www.facebook.com/TheNamibianNewspaper 28 February 2017 2 Housing & Property Diary

Serenity at Omakondo bricks introduces smart build • CHARMAINE and how they can help us NGATJIHEUE to achieve our goals,” said Jericho Heights Nghoshi. MAKONDO Nghoshi said their task is OST people lead such busy lives that all Bricks has not only to make bricks but they want is time away from the hustle and introduced a also to venture into different bustle of their reality. Onew product called the products that supplement MWell, many people are craving for a holiday early Omakondo smart build brickmaking. in the year not realising that your home can be your meant to assist low-income “Our chain of products holiday. earners who want to build include designing business Against this backdrop, newly built Jericho Heights affordable housing. plans for our customers, Omakondo bricks staff members busy at work. Photo contributed. situated at Elisenheim, brings serenity and peace Tomas Nghoshi, guiding them in their whilst providing ample security. managing member construction projects, build lasting structures seeks to provide quality those who seek them,” he Sited close to Brakwater, an area that is 10km on of Omakondo bricks making bricks and ensuring like the great wall of service to its customers. said. the outskirts of Windhoek, one’s desire to be away reiterated that Omakondo that the structures are China or the pyramids of The company serves The company has from the reality in the city is a short drive away with Bricks will be able to assist durable. During the time of Egypt. This practice of the northern part of the mobile teams at Okongo, little to no traffic congestion. low-income earners who construction, we do welding, not insisting on quality country and some parts of Eenhana, one that serves The construction of Jericho Heights that cost would like to build houses electrical works, plumbing work in the construction southern Angola. from Helao Nafidi to roughly N$70 million, kicked off in 2014 and was in towns and villages. and other related work to get industry will only produce “We are a mobile Uutapi, and a team at finalised by November 2016. The Heights have 79 He added that the product everything done, he said. shoddy workmanship. company who goes by Onyaanyaa that goes up to residential units with a total area of 11 000 square is fairing well as people He urged town councils This means our building the motto that says ’We Omuthiya and Tsumeb. metres. The average size for each unit is 130 square are already purchasing and and municipalities not to and construction industry make bricks at your “We have construction metres. utilising their products. allow poor quality building will not be attractive to place’. That means we sites at Oshikunde, Linda Nekwaya, the administration manager for He added that as part of materials to be used on their foreigners,’ he said. can go anywhere around Outapi and Eembaxu. The Jericho Heights, says Jericho boasts three bedroomed their mission, more jobs construction projects. Omakondo Bricks, the country to provide our Oshikunde construction units with an en suite bathroom and a big balcony would be created in line “Namibia will never which was started in 2010, products and services to site is one of our with a beautiful view. with this project in order to She adds that there are also two bedroomed units deal with the high levels of with two bathrooms. poverty. “The difference with our heights compared to “We are passionate about Hubspace answers visiting business other apartments in Windhoek is the fact that they providing job security for are peaceful, in tune with nature and away from the employees and we believe people’s office needs business of the central business district (CBD). The that no matter how big place is also secure and always monitored by security economic challenges will guards,” she says. affect us, we will always Nekwaya notes that Jericho Heights units are go against the wind to affordable as the prices for the three bedroomed gain strength to take off. apartments range from N$1,8 million to N$1,5 This year we will work million whilst the two bedroomed apartments range closely with town planners At Hubspace from N$1,4 million to N$1,2 million. in different towns and see each working how we can help them space provides users with a power plug-in, high-speed Wi-Fi internet service, comfortable quality desks and chairs, with free coffee or tea a few steps away.

isiting business people company can also be accommodated coffee shops within walking distance from outside or inside at a dedicated facility for group co- from Hubspace. Ample parking is Namibia can now conduct working. to be found around the City Plaza Vtheir business with peace of mind Furthermore, Hubspace provides building at 320 Sam Nujoma Avenue from Hubspace in Windhoek, serving a conducive and productive in Klein Windhoek, where Hubspace Get 2 Air-cons installed for free after registration as their safe base away from their environment for start-up is located in unit 18 on the second own offices. entrepreneurs, or people who work floor. Conveniently positioned in Klein from home who don’t want to incur Business people and people in Big Sale at Jericho Heights (Elisenheim) Windhoek ‘s business hub, en the expenses of hiring an office over need of temporary office space or the route from and to Hosea Kutako the long term. other facilities on offer, are invited to International Airport, Hubspace In addition to free high-speed contact Hubspace on Tel +264 83330 • New 2 Bedroom Apartment with 2 Bath- offers Namibia’s first co-working internet, electrical supply to each 4010 or at [email protected]. rooms and shared office facility. It is easily desk and a printing service, clients Hubspace staff will gladly assist • Open-plan Kitchen reachable and in close proximity have access to a kitchen with free them with bookings and the rates for of other business destinations in coffee and tea throughout the day. a daily desk, weekly pass, monthly • Spacious Garage and Store Room Windhoek. They can also relax outside on a permanent desk, co-working area • Large Balcony with Braai Stand Travelling business people or balcony, breaking away from their and boardroom for a half day or full consultants requiring a desk for their busy schedules. day. The complete Hubspace facility • Available for Rental and Sale stay or a fully equipped boardroom If they would want to meet other is also available for workshops and for presentations or meetings, don’t business people for coffee or enjoy seminars, after hours or on Saturdays, Contact: 081-7749418 [email protected] have to search further than Hubspace. lunch or supper, they would have the to be arranged in advance and the Staff of up to 12 members from one luxury of nearly 10 restaurants or price to be negotiated. Housing & Property Diary 3 28 February 2017

Caroline Orange Brian Katjaerua, Riaan Keulder, Chris Matthee Standard Bank, sales manager head of home loans at FNB Nedbank’s head of home loans Bank Windhoek’s Executive Officer for retail banking services A guide for first-time homebuyers

urchasing a house and it will also real estate agent. Orange. Keulder said one should the bank can be of assistance to home is a big deal have a positive effect ‘The benefit of this is that such Riaan Keulder, Nedbank’s initiate contact with one’s them. What happens during the but more often during the assessment of a professional will also give you head of home loans said banker or home loan sales process is that the banker would Pthan not people stream their application. valuable advice and insights into before making an important consultant to understand what do an affordability calculation into home ownership He added that property the entire home buying process commitment such as purchasing the requirements are. to determine how much you because it is perceived is expensive and as he or she has worked with a home, clients are advised to “What options are available to qualify for and, based on that, as an indication of customers must make numerous banks, home buyers first understand what the process the customer based on his/her further provide guidance and adulthood and financial sure that they can afford and sellers in the market,” said entails. income, and to establish how financial advice,” he said. accountability and the monthly payments, stability. saying customers should However, during these not compromise their tough financial times, it creditworthiness by can be difficult for first- going into transactions time buyers to purchase that can affect them a home. Buying a home negatively. should however be “Property is a long-term seen as a commitment investment and buyers although it may not should know that buying necessarily be a surefire property means long- good investment as it term commitment to the may turn out to be too investment,” he added much work. Brian Katjaerua, Bank Windhoek’s head of Home Loans executive officer for at first national bank retail banking services, (FNB) Namibia said Chris Matthee, said one should prioritise when a potential the acquisition of a customer plans to buy house or a flat by cutting property, they need to back on expenditure on plan and prioritise what unproductive assets and they need in life and other non-priority items. focus on necessities “If you have current instead of niceties. debt that is not on a Matthee added that house, try as much as with planning comes possible to pay that up financial discipline that and free the money spent starts with a budget, as a on this debt to put you person needs to compare in a better position to their current situation purchase a house. Have a with what it will be once set budget to check how they purchase their first your income is spent, home. and in turn, save money “Remember to as much as possible,” include additional Katjaerua added. expenses, like water Standard Bank’s sales and electricity, rates manager, Caroline and taxes and insurance Orange, said a potential and be prepared for first-time homebuyer unforeseen expenses should calculate how on the maintenance of much they can afford for your house. By doing a house, saying checking these calculations, the one’s finances is a good potential customer will starting point. be able to see if they can “Check your preference afford a home, as well while at the same time as where they need to look at what you can cut costs on the nice-to- afford in the long run. haves, like expensive This is the part where vehicles and other you have to be realistic, luxuries,” he said. as buying and owning Matthee said proper a home is a long-term planning goes hand in investment,’ she said. hand with savings and to She said that a potential save money up front for customer should also a deposit on a house in draw up a wish list, order to pay transfer and which entails defining registration costs. needs before embarking He said this indicates on a house hunting to the customer’s bank expedition. Orange added that the customer is that it is always best to serious about buying a work with a professional 28 February 2017 4 Housing & Property Diary

Okavu takes pride in supplying locally produced roofing materials at its factory in Windhoek. Photos contributed. Okavu reaching for greater heights

“The Procurement Act and the Retail Charter need to be implemented by our government without delay because currently there is no law that compels companies to procure locally produced quality roofing materials,” • CHARMAINE NGATJIHEUE he Growth experienced in the building projects for governments BUILD YOUR DREAM KITCHEN TODAY! local construction industry and private sectors such as in opened doors for local Khomas region; Khomasdal Hyper Tcompanies to supply the industry with Mall, Office of the Traditional materials despite the hardships faced Authorities, the Ministry of Finance, NO. 06 Dresma Platz, Nickel Street, Prosperity, Cell: 081 157 2674 ,Tel: +264 61 259 499 by the industry. Anti-Corruption Commission Head Okavu Roofing, formed in 2012, was office, the Ministry of Environment one of the entrepreneurial companies and Tourism, International University that saw the gap and acted on it, of Management (IUM) Campus; aiming to reach for the top. Oshana region: Ministry of Home Small businesses in Namibia are Affairs regional office, MVA Fund synonymous with failure because Office and Oshana Emergency they compete in an economy that is Storage Facility, Kavango regions: still growing and embraces foreign the Mururani Veterinary houses and produced goods and services to a large the Motor Vehicle Accident (MVA) extent. Fund, Unam Rundu Campus and the Despite the economic challenges and Regional Offices of the Ministry of an unfair playing field, Okavu Roofing Agriculture at Rundu. Omusati region: is not fazed by its surroundings but Omusati Police Headquarter and MICT rather strives to emerge on top of its office; Oshikoto region: Omuthiya KLIP-LOCK 406 competitors. PHC and MICT office; Hardap Concealed-fix roofing & wall cladding sheets Festus Nuunyango, a director at region; Aranos Hospital; Karas Okavu Roofing said the company sees region: Keetmanshoop Millitary Base, itself as the sole local market leader Otjozondjupa region: Otiwarongo

IBR 686 within the industry it operates in. Millitary Base, Kunene Region: Okavu Roofing specializes in Nored offices and Sesfontein Hospital; manufacturing different types of Ohangwena region: Omuhongo PHC; roof sheets and rainwater goods for Omaheke region: MICT office and Corrugated Ion 10 1/ 2 companies and individuals alike. The BuitesPost Border Accommodation, company manufactures a full range just to mention a few,” he said. OUR PROCUCTS of steel roofing profiles; “KLIP- He noted that since Okavu Roofing Okavu Roofing is a proud manufacturer of a full range of steel LOCK 406” (concealed-fix roofing became operational, it has completed roofing profiles, with a specific focus on“KLIP-LOCK 406” and wall cladding sheets), IBR 686 over a 100 projects for government and concealed-fix roofing and wall cladding sheets, IBR 686 and and Corrugated iron. The company the private sector successfully and with 1 Corrugated Ion 10 /2 roof sheets Standard and Custom-made also does standard and custom-made O% failure rate. Flashings, Gutters, Ridgings, and Closures. flashings, gutters, ridgings and closers. As part of our corporate social Nuunyango said their company responsibility, we donated roof sheets The company vows to pull all the stops to assure you a peace is proudly Namibian company and to the Founding President’s Project at of mind, spare you hassles, and save your budget with certified manufactures all its products in Etunda for the School and Clinic” he quality roofing materials such as: Namibia. He added that the company said. has provided much-needed job to more Nuunyango said they also supply roof Chromadek®, ColorPlus®, ZincA® (AZ150) & Galvanised (Z275) than 15 fellow Namibians people and sheets to retail customers such as Ark Genuinely certified and procured from the sole Chromadek® this is regarded a positive step forward Trading, Pennypinchers and Shivute manufacturer - Arcelor Mittal South Africa and SAFAL Group. toward growth at home initiative and Building Supplies at Ondangwa. Available in 14 Colors and SABS Quality certified roof sheets industrialization in metal fabrication He reiterated that Okavu Roofing available in standard 0.3 - 0.58mm nominal thickness. sector. We manufacture as per the would employ more Namibians if the customer’s request,” said Nuunyango. roof sheets market is wholly produced Other Services The company procures South and supplied by Namibian companies. • Longer sheet lengths can be milled On-Site African Bureau of Standards (SABS) He appealed to government to • Curving, cranking and bullnosing of IBR & KLIP-LOCK approved raw materials in Chromadek, control imports at borders, and then available ColorPlus, ZincAl and Galvanized and produce and procure local products in then rolled-formed and processes them order for more jobs to be created and The Chromadek, African Heritage Collection in Namibia. maintained. “We have the capacity to manufacture and supply roof sheets for “The Procurement Act and the Retail * Colours may vary due to printing all projects in our country regardless Charter need to be implemented by method of volume, lead time, quality and our government without delay because Contact quantity. Notably, We have already currently there is no law that compels Sales: +264 81 253 5233 | Technical: +264 81 124 2787 | +264 81 127 3538 manufactured and supplied roofing companies to procure locally produced E-mail: [email protected] | Find us at Shop 21A , Old Power Station (opposite FNB), Southern Industrial at the corner of Nobel & Armstrong Street, Windhoek sheets for many important quality quality roofing materials,” he stressed. Housing & Property Diary 5 28 February 2017

Greywall properties to tackle housing shortage for low-income earners

REYWALL Properties made its services available and construction of affordable quality houses. developed an inclusive strategy to provide shelter to It is worth noting that this is not the first time that Greywall Mr. Erastus Nikodemus low-income earners. This is in-line with government’s Properties is involved in the provision of houses. In 2008, the owner and managing member Gcall for the private sector to assist with the looming housing company built houses at Oshikuku, Oshakati, Ongwediva, shortage crisis that plagues the country. Ondangwa, Omuthiya and Ohangwena. Apart from the provision of houses, Greywall has been involved in the “We will continue to seek and explore The housing shortage in the country has become a major development of commercial properties such as the Rockwell creative ways to deepen our solid concern with Namibians of all walks of life standing up against Complex at Ongwediva and the Greenwell Complex at relationship that is based on honesty, exorbitant rent prices and the inequality in the distribution Eenhana. Recently, Greywall successfully completed the integrity and fairness with both our of land. Amongst those who are largely affected by housing provision of serviced land and the construction of 230 housing government and other stakeholders in shortages are the low-income earners who are not able to units for middle to high-income earners at Atusheni village, at afford high mortgage loans. Eenhana which was inaugurated by minister Sophia Shaningwa order to provide quality affordable houses the of Urban and Rural Development Ministry. for our low-income people,” Greywall Properties based in the northern part of the country teamed up with the Eenhana Town Council in a public private partnership (PPP) to provide 600 housing units at Omhito Nikodemus added that part of their social responsibility, his Extension 2 and 3 to cater for low-income earners. company and the town council are committed to the PPP they Meanwhile, the Eenhana Town Council will provide the land formed and are looking forward to forge further partnerships and Greywall Properties will service it, build houses and sell with other vital players in order to contribute towards them to the prospective home seekers. Currently, there is a alleviating the housing crunch and poverty levels that haunt great need for provision of housing units in all the towns of the majority of residents. Namibia. The municipalities and town councils cannot handle this challenge on their own. Nikodemus believes that this is in line with government’s Vision 2030 and the Harambee Prosperity Plan (HPP), adding Greywall Properties employed their architectural skills to that the company will continue to provide benefits such as design five different types of housing units, which will give quality affordable housing to low-income earners and direct customers a range of options to choose from. The designs range employment to communities. from two bedroomed housing units with a living area, kitchen and one bathroom to three bedroomed units with a living area, He said the company also aims to contribute directly and kitchen and two bathrooms. All streets in this development are indirectly to the overall economic growth of the country in terms tarred. As all these houses will be built up to standard, the of infrastructural, physical and social development of towns selling price starts from N$ 395 000 including the plot. and communities. “I believe that because of our social and economic engagement, we will positively contribute towards Greywall Properties managing director Erastus Nikodemus our region’s profile. Finally, and perhaps most importantly, we stated that the PPP with the Eenhana Town Council is are contributing to the realisation of our national development further being cemented by a collective aspiration to witness plans which should be the responsibility of every individual all members of the local community benefiting from their and institution in our beautiful republic,” he said. developmental programmes and initiatives. “We will continue to seek and explore creative ways to deepen In order to buy a house under this project, an individual our solid relationship that is based on honesty, integrity and must provide three copies of their identification document, fairness with both our government and other stakeholders in three copies of their payslip and a 6-month bank statement. order to provide quality affordable houses for our low-income Government employees must submit their original housing people,” he said. scheme or subsidy document, whereas private company employees must submit a housing allowance document. He noted that Greywall Properties’ aim is to contribute towards improving people’s living standards. As local authorities have Greywall Properties is situated in Ongwediva, Marula Street, low means to provide serviced land to home seekers, Greywall 1st Floor Rockwell Complex and in Eenhana, Omupapa Properties is using this opportunity to partner with the town Street, Atusheni Village. Contact numbers are 065-234240 councils to provide vital infrastructure such as road networks, and 065-263922 respectively. water and sewer reticulation, power supply as well as the 28 February 2017 6 Housing & Property Diary

Mortgage loans 2012 2013 2014 2015 2016 Total PSCE 51,880,540 59,322,940 69,067,320 78,394,310 85,397,330 Residential 41% 41% 39% 39% 39% grew by N$44m in Mortage Loans

Cpmmercial 11% 11% 12% 13% 12% the past five year Mortage Loans

• CHARMAINE was slow, it still has a great stood at roughly N$30,6 other mortgage loans stood at mortgage loans, although the purchase price of the property NGATJIHEUE impact on the growth mortgage million while total household roughly N$32,1 million in 2016. growth has been slower in 2016, or the valuation of the property, loans have seen, proving that loans stood at roughly N$50,1 In terms of business mortgages, averaging 8,7%, when compared whichever is lower. The S the housing bubble more people still understand the million, representing 67,1% of farm mortgage loans were only to 2015 which was 14,7%. regulations relating to restriction presses on, it is necessity of owning property. the total mortgage loans. This N$19 980 whilst other mortgage “The ratio of non-performing on LTV’s were gazetted on 3 becoming difficult for The statistics which were figure rose compared to roughly loans were roughly N$10,4 loans (NPL) to total loans and August 2016. Alow to middle-income earners to provided by the central bank N$30,7 million seen in 2015 million. advances, stood at 1,5% during These regulations will own a home due to exorbitant indicated that in the past five for household mortgages and In 2016, residential loans 2016, lower than 1,6% recorded reduce the risk of exposure of interest rates on loans. financial years, 2015 had the N$45,8 million seen for total accounted for 76% of the in 2015. This is within the commercial banks to home With inflation shooting up to highest growth rate in mortgage household loans. This accounted total mortgage loans whilst acceptable threshold of 4%,” loans which constitute 50% of 8,2% while the repo rate has loans, standing at 14,7% while for 66,9% of the total mortgage commercial loans accounted Zemburuka said. total loans and advances. This been maintained at 7%, the cost 2014 recorded a 14,3% growth loans. for 24% of the total loans. The Zemburuka said the exposure, if left unchecked, of living is increasing rapidly. for mortgage loans. The year Individual mortgage loans private sector credit extension bank introduced Loan-to- could potentially pose a This crippling effect has passed 2012 saw a 12,8% growth in took up the biggest chunk (PSCE) for 2016 stood at Value (LTV) ratios, which significant risk to financial through to mortage loans, which mortgage loans, translating to of the total mortgage loans, approximately N$85,4 million requires prospective home stability in Namibia. only increased by 8,7% in N$27,3 million whilst 2013 had standing at N$33,6 million in of which residential mortgage loan applicants of second or The commercial bank 2016 standing at roughly N$44 a 13% growth rate, which was the 2016 financial year whilst loans accounted for 39% whilst subsequent residential properties providing the loan to the million compared to the 14,7% N$30,9 million. for businesses, mortgage commercial mortgage loans to pay a percentage of the prospective buyer will finance growth seen in 2015 translating Despite experiencing mininal loans stood at N$10,5 million. accounted for 12%. purchasing price or market value the remaining percentage of the to roughly N$40,5 million. growth, 2016 had seen the Individual loans grew by N$2,9 Meanwhile, over the past five of the property as a deposit. home loan. A mortgage loan is defined lowest growth rate of 8,7%. million in 2016 compared to years, PSCE grew from N$51,9 “The Bank believes this The LTV for a second home as a loan that is secured for This can largely be attributed to the N$30,7 million seen in million in 2012 which was the measure will go a long way to loan is set at 80% of the property or real estate. In the slowing domestic economy 2015. Meanwhile, business lowest PSCE to N$85,4 million discourage consumers from purchasing price or market value exchange for funds received by that was affected by factors mortgages grew by only N$623 in 2016. over-extending themselves. of the residential property and the homebuyer to buy property such as inflation. For instance, 460. This could show that most Kazembire Zemburuka, LTV’s will come into effect as the applicant will be expected or a home, a lender gets the as the repo rate increased, more individuals are keen on owning deputy director in the corporate from 22 March 2017,” he said. to pay a deposit of 20% upfront. promise of a buyer to pay back people were slowing down with property as it is a necessity. communications LTV is the ratio of the amount The deposit required increases the funds within a certain time taking out loans which include Individual loans in the form of department at the Bank of money borrowed from a by 10% for every additional frame at a certain cost. getting a mortgage plan. farm mortgage loans stood at of Namibia (BON) said the banking institution to purchase property the customer intends to Although growth experienced In 2016, household mortgages roughly N$1,5 million whilst bank has noted the increase in a property in relation to the acquire. Growing your property portfolio not as simple as it seems

n many cases, the most good quality property at a good price important to know the advantages and Buying a property to which you can While it may be a good idea for straightforward property in the right location with no hidden risks involved in each strategy, says add value is another strategy, but you experienced property players to investment decision you can take is physical and legal defects. Van Wyk. run the risks of building mistakes and spread their portfolio by investing Ito buy the building that your business Again, it seems simpler than it is. To You may acquire an expensive, cost overruns. in a range of regions, cities and is based in. Although no property find such a property takes a lot of hard single property with the advantage that Buying during economic hard times even continents, it is prudent for deal is risk free, at least you know the work – hours of pounding the streets your attention is focused on only one. might land you a bargain, but you run beginners to buy in areas that they building, the area – and of course – the to view potential properties and to The downside, however, is that you the risks being hit by a double blow of know well, and close enough so that tenant. But what if you’re interested in study the dynamics of an area. are exposed to the vagaries of a single increased interest rates and vacancies. they can easily visit their investment expanding your property investment Once you have spotted a building tenant. Buying a number of cheaper Buying property in joint ventures properties. portfolio beyond the building that you with good potential, hours of due properties, on the other hand, helps allows you to acquire a share in more Whatever your strategy, says occupy? diligence work lies ahead to look for spread the risk. substantial assets, but disputes with Van Wyk, it helps to have a strong Don’t be fooled by how easy hidden defects, inconsistencies with Buying a sectional title property is joint venture partners can turn nasty if network, not only of agents and property investment seems, says building plan approvals, problems usually more affordable, but then you the agreement is not well structured. spotters who could alert you when a Gerschwyne van Wyk, country highlighted in the minutes of body- have to contend with the dynamics On the other hand, a joint venture property with potential comes onto manager at Business Partners corporate meetings and the soundness and risks involved in a body corporate. with a company like BUSINESS/ the market, but also among financiers, International Namibia (BUSINESS/ of the structure, sometimes right down Buying a yet undeveloped property PARTNERS, which often teams up joint-venture partners, lawyers, PARTNERS). Compared to other lines to the health of the soil. off plan gives you the advantage of with local entrepreneurs in property engineers and builders. of business, the number of transactions And the price? “A good tip is to visit realising maximum gain in market deals, brings substantial technical, These professional services are may be limited, and the operational the building, soak up the atmosphere, value, but only to the extent that the legal and financial knowledge to the expensive, and good relationships can burden of owning a building may and picture yourself trying to sell it developers and their predictions can deal. help keep the costs down. seem light, but the amounts of money at the same price to someone else,” be trusted. If you buy in an early phase Another strategy is buy with the aim The main principle is not to skimp involved is such that one mistake can says Van Wyk. If it seems difficult, the of a multi-phase development, you to sell immediately, a game usually on professional expertise. There are wipe out all the gain in your portfolio. price is probably too high. might find the value of your property played only by experienced property so many aspects of a property deal to The most important principle of Within this basic framework there kept low for as long as new properties entrepreneurs who have built a strong consider, and so much at stake, that property investment is to buy well, are many different strategies to build from the later phases come onto the network of agents who bring them you should never do it on a whim, or says Van Wyk. In other words, buy a up a solid property portfolio. It is market. good deals. on your own. Housing & Property Diary 7 28 February 2017 NHE houses cost over N$2,5b to date

• CHARMAINE compared to any other clients a platform to access NGATJIHEUE mortgage lending institution credit facilities thereby in Namibia,” he said. stimulating economic he National Matali also said housing is growth as well as overall housing enterprise regarded as a social, financial poverty reduction and spent roughly and economic enabler. improved living standards TN$2,5 billion to date “Therefore, NHE does not of communities in line ahouses meant for middle only provide decent homes with Vision 2030 and other and low-income earners to low and middle income National Development countrywide. earners but also gives its Goals,” he said. NHE states that it has not derailed from providing quality houses to its clients. Photo contributed. The demand for housing in Namibia has increased over the years as external forces in the economy drive that market leading to middle and low-income earners not being able to afford housing. The rising demand can also Classifieds be attributed to a lack of serviced land and failure KATUTURA, 3 bathroom with a nicely WHEN IT’S ONLY from every corner of this own in this delightful Don’t look anywhere to make funding available Housing & Property BEDROOMED FLAT fi nished kitchen and N$ 545 000. masterpiece. Lovely, flat in Hochland Park. else when it’s only N$ FOR SALE lounge area. A small classic garden views to different local authority • For Sale • With 3 bedrooms and 2 450 000. An enchanting, warm, garden that will allow 3 BEDROOMED make this 3 bedroomed bathrooms, large kitchen councils to allow for the flat for a new family you to start your own GARDEN FLAT FOR work of art a must see. 2 BEDROOMED with gas, granite tops Housing & Property provision of land. The to move in and make little vegetable patch. SALE, WINDHOEK Large entertainment TOWNHOUSE FOR and plenty of built-in new memories. It has Come and see it, A real delight. The room, formal lounge, big population keeps growing SALE IN WINDHOEK cupboard space. Don’t • For Sale • been immaculately N$ 850 000. perfect flat for a new kitchen, 3 bathrooms despite the constant battle Modern, clean fi nishes. forget the lovely large maintained offering family to call their and tennis courts with a RENOVATORS DREAM A must view for any balcony overlooking against the shortage of 3 bedrooms and 2 own. Immaculately beautiful pool. A home IN SWAKOPMUND fi rst time homeowner. Housing & Property the gardens. Come houses. bathrooms. Large maintained offering for the discerning eye. Own your share of One family bathroom. home for only N$ 3.75 kitchen with gas, • Wanted • 3 bedrooms and 2 N$ 15 MILLION. paradise. 4 bedroomed Since 1983, the National Open plan kitchen MILLION. granite tops and room bathrooms. Large family home is in need Housing Enterprise (NHE) and dining room. for all appliances. INNER CITY LIVING IN kitchen with gas, of a makeover. This rare Communal garden. Housing & Property has only built 17 043 Entertaining made WINDHOEK granite tops and plenty Housing & Property golden oldie boasts Yours for only N$ 4.78 housing units according easy – as the lounge A designer 3 bedroom of cupboard space. great ocean views from million • For Sale • to the latest statistics leads onto a covered apartment in an You’ll live outside with • For Sale • every window. Every patio overlooking upmarket block offering an open plan lounge KATUTURA, 3 bedroom has an en-suite provided by NHE’s senior LOVELY FAMILY HOME 3 BEDROOMED HOME the communal pool. views across the city. that leads onto the BEDROOMED STARTER bathroom making it a IN KLEIN WINDHOEK IN OSHAKATI communication and Welcome home at only Great light and an open communal gardens. HOME FOR SALE great holiday home. A home you will fall A simple 3 bedroom, marketing officer, Mutonga N$ 4.5 MILLION plan living space. One Start your dream for Perfect for a new family Lovely family-sized in love with. Warm, 1 bathroom home in en-suite bathroom and only N$ 3.75 MILLION. to move in and call it kitchen, lounge and a real Matali. enchanting and inviting Oshakati for the fi rst THREE BEDROOM one guest or family home. Well maintained old school dinning hall. Considering the current with 5 bedrooms, three time owner. Safe, secure ENTERTAINERS bathroom make this a offering 3 bedrooms Set in a rambling garden bathrooms and a large Housing & Property with lovely light and projected shortage of 100 DREAM IN HOCHLAND great, once in a lifetime and 2 bathrooms. Large it’s time for you to invest living area. Enough excellent fi nishes. Easy 000 units which is believed PARK opportunity! • For Sale • kitchen with stone tops, in your dreams, from space to watch the kids to modernise or enjoy to increase with about 4% This is a work of art. N$ 3 MILLION. dining room, family the old world charm. N$ 3 MILLION. grow up and an easy BecomeUPMARKET sized lounge athat leads first An upstairs main yearly, NHE housing units to maintain garden and Close to schools and bedroom with walk in INVEST, INVEST, DESIGNER LIVING IN outside as well as a To view any property pool. A steal at only shops this is a must see, are not enough to deal with cupboards, gorgeous INVEST in PIONIERSPARK. lovely wrap around contact me as soon as N$ 7.9 million. N$ 556 000. the country’s shortage of bathroom and a Swakopmund A cosmopolitan verandah. Just possible! balcony overlooking Own your share of a penthouse with N$ 3.5 MILLION. low income housing. STUDIO FLAT FOR Housing & Property the lush garden and holiday dream in this 4 stunning views over Windhoek has seen the SALE IN REHOBOTH VALUE! VALUE VALUE! crystal clear pool. bedroomtime family home. the valley that homeownerwill take Housing & Property • Wanted • Need a place to call construction of 8 879 Downstairs the two Walking distance to your breath away. Just 4 Bedrooms at a Bargain home? Look no further. NHE houses because of bedrooms, each with the beach with great 7 are left. Each offers Price. Free flowing • Wanted • This entry-level, studio AFFORDABLE QUALITY their own bathrooms, ocean views from a double volume, light- living that opens up to KATUTURA, 3 urbanisation. From 1983 apartment in central AT A BARGAIN PRICE are perfectly situated to every window. With flooded apartments a large entertainment BEDROOMED FLAT FOR to 1993, Windhoek had Rehoboth is a must OKAHANDJA create easy family flow. two bathrooms and with 3, 4 and 5 bedroom area right next to the SALE see. Simple, clean and Open plan living in a 5 140 NHE houses but Plus a study with it’s an outside shower, options available. pool. With a spacious An enchanting, warm, safe. lovely part of Okahandja. in 2015 there were no own guest loo as well designerwith kitchen, open Designer lifestyle an in a kitchen, EasyBond including pantry Spacious kitchen, loads flat for a new family to Just sign on the line as an open plan kitchen plan lounge/dinning secure environment, and scullery, loads of move in and make new housing units delivered in and consider it sold for of cupboard space and with gas stove and hob. room and a simple state of the art access cupboard space and memories. It has been the capital. only N$ 745 000. lovely entertainment All living areas flow garden it’s time for you control and use of granite tops. Four area flowing from a big immaculately maintained From 1983 to 1993, into the sunroom and to invest in your piece entertainment facilities. extra large family sized offering 3 bedrooms LOCATION! LOCATION! family sized lounge. This 6851 NHE housing units entertainers patio. Don’t of paradise. ASKING Walk to the charming bedrooms and two and 2 bathrooms. LOCATION! three bedroom home were built, however, in miss out, come and see N$ 5MILLION. local coffee shops bathrooms. This is the just needs a little bit of Large kitchen with Don’t look anywhere from FNBperfect home in a new and restaurants with . what makes this such a gas, granite tops and 1991, only 91 houses were else! This perfectly tlc. Make an offer today, dream home. Housing & Property quick access to central up and coming area. room for all appliances. situated apartment from N$ 750 000. constructed. N$ 12 345 678. Windhoek. Sound Don’t miss out. Entertaining made in upmarket Walvis Bay received • For Sale • like you? Only N$ 5.7 N$ 3.750 000. easy – as the lounge Pionierspark is a STUDIO FLAT FOR MILLION. leads onto a covered 1628 NHE housing units gem. Neatly fi nished Housing & Property SALE IN CENTRAL 2 BEDROOMEDNo deposit needed - complete cover forpatio your overlooking since 1983, followed by with 2 bedrooms, WINDHOEK • Wanted • GARDEN TOWNHOUSE Housing & Property the communal pool. two bathrooms, large Housing & Property Small, but spacious Swakopmund with 953 for Sale in Klein Welcome home at only kitchen, lounge and bond and admin fees. this entry-level, studio units. 2 BEDROOMS Windhoek • Wanted • THREE• BEDROOM Wanted • FLAT N$ 4.5 MILLION dining room within a apartment in Central 1 BATHROOM IN A real classic in a IN HOCHLAND PARK During the same period, beautifully maintained Windhoek is just what OSHAKATI sought after area IT’S ALL ABOUT THE Charming! Affordable however, Oshivelo, ground. Don’t miss out. EasyBond is an exciting new product to cater foryou need. fi rst Simple, time and buyers Housing eager & Property A simple 2 bedroom, makes this a lovely fi rst ADDRESS! value that you will A bargain at only safe, an easy start up. Ariamsvlei and 1 bathroom home time home.to break A must into3 the Bedroom property Home in market.never regret. Available Find a to all Namibians earning• For Sale • N$ 2.3 million Noordoewer have only in Oshakati for the view, 2 large bedrooms, Great Area! new place to call your fi rst time buyer. Safe one familya gross bathroom, monthly Don’t look income anywhere of up to N$35,000 per month, looking for a seen six houses each, ONE BEDROOM FLAT and secure with nice one en-suite bathroom. else! This perfectly whilst Uis only had five IN QUIET SUIDERHOF bond of up to N$1.2 million. light and good quality Open plan kitchen and situated home in Don’t miss out on houses and Fransfontein, fi nishes. Close to dining room that opens upmarket Klein this beautiful little three. central town, make this up to the communal Windhoek is a gem. classic. One bedroom, your fi rst, happy start to garden.YoursEasyBond for only includes:Masterfully fi nished NHE statistics show that one bathroom and a a lifetime of memories. N$ 3.78 MILLION with 3 bedrooms, two from 1983 to 2015, the small, but airy kitchen N$ 456 000. bathrooms, a designer, and dining area. • Up to 105% Bond which includes transfer fees or registration fees NHE developed roughly CHARMING large kitchen, formal Comfortable lounge for 5663 erven. FAMILY HOME IN and family lounge and inside living. Asking Housing & Property • Up to 20 years to repay your bond Matali further said PIONIERSPARK dining room set in a N$ 789 500. beautifully manicured that NHE is faced with • For Sale • Just move in. A lovely home with its own ground. Just see it! A TALE OF GERMAN • Life Cover for your bond, which includes Disability & generic challenges in the UPMARKET personality. Enchanting Offers start at N$ 7.8 ARCHITECTURE construction industry DEVELOPMENT IN and inviting with Dread DiseaseMILLION and Funeral Cover of N$20 000 Find your place in this KLEIN WINDHOEK 4 bedrooms, three such as high input costs in beautifully established A one of a kind living bathrooms and a large, terms of building material dream home in • FREE HomeHousing Ownership & Property Training space, situated just open-plan living area. Swakopmund. With and the unavailability of off the central strip, Plenty of space to see • For Sale • amazing views of serviced land in various offering beautiful views your kids grow up with surrounding oceans, For more information visit www.fnbnamibia.com.na of green treetops. This an easy to maintain TWO BEDROOM FLAT local authorities. this 7 bedroomed piece development comprises gardenSMS and pool. Easybond IN to QUIET 34778 PART OF. Standard rates apply. However, he said that of history is just waiting of 150 apartments Don’t let this pass you SUIDERHOF for a new lease on has not derailed NHE from spread over 20 floors. by, come and see it for A real bargain. Two life. With opportunity providing quality houses. Welcome to a whole only N$ 4.9 MILLION. bedrooms, one to renovate or just new trend of living bathroom and a small, “Apart from quality, NHE enjoy it as it is. Large in Windhoek. From but neat kitchen and products remain the most family room, formal Housing & Property one or two bedroom dining area. Nice lounge, big kitchen, 3 affordable in the country apartments priced from • Wanted • opportunity to renovate. bathrooms all just a and the interest rate N$ 1.5 million, miss Terms and conditionsAsking apply. N$ 789 www.fnbnamibia.com.na 500. short walk to the beach. this and you’ll miss out. STUDIO FLAT FOR which was changed from Miss this and you will SALE IN EROS 8,75 to 9,75 in January regret it. N$ 17 million. Housing & Property HUMBLE 2 BEDROOM Small, but spacious this 2017 remains the lowest HOUSE IN ONDANGWA entry-level, studio • Wanted •

AN ARCHITECTURAL 3 BEDROOM MASTERPIECE IN HOCHLAND PARK Colonial style oozes 28 February 2017 8 Housing & Property Diary Lüderitz Waterfront to restore town’s history

he Lüderitz Waterfront be made available to drive this funded this project with relevant now stretching the construction Development Company important development project to ministries making the largest period of the project over many has completed about 60% its logical conclusion. financial contribution,” said years . Tof the building works of one its He explained that the Samuehl. Samuehl said the second development projects namely the ‘renovation and upgrading of Professional curators will be phase of the waterfront project Old Power Station. the Old Power Station project hired to manage and run the is fundamental for achieving Lüderitz Waterfront took it aims to turn the building into an maritime museum under the business growth and the creation over from the Lüderitz Town attractive waterfront space. themes ‘Fishing at Sea’, ‘Mining of additional businesses and Council in 2010 for the purpose “It was a major challenge and at Sea’, and ‘Trading at Sea’. investment opportunities of seaview development. costly exercise to transform the The next phase of the within the town of Lüderitz in The difficult works included old power station into its new waterfront project encompasses a particular and the //Karas region demolition of old internal use which includes a full-fledged sea-view shopping centre, a new in general. structures and construction of satellite campus for Namibia four-star 70-room hotel, luxury “Therefore, the Lüderitz new columns and slabs and University of Science and waterfront apartments and a 40- waterfront expansion fitting a new roof over the Technology (NUST). A wide bed medi-clinic. programmes will go a long way existing heritage building. range of academic courses will Samuehl added that the in terms of transforming Lüderitz The old power station built in be offered for the communities,” waterfront company has obtained – not only as a vibrant student 1911, one of the oldest buildings he said. a large chunk of prime sea town but a leading commercial in the town, will be transformed He reiterated that the front property in town for this centre in southern Namibia with to its former glory with a twist transformation will also include development, adding that this enhanced tourism appeal over of modernisation. Once again, an indoor and outdoor sport commercial development project the next few years,” he said. it will be made the heartbeat of facility for the use of locals and is very large by any standard. Samuehl, who is also a former the town. In addition to being visitors alike. He said negotiations with member of parliament, said that Fluksman Samuehl, chief executive officer revamped, the transformation “This includes an indoor- private partners are ongoing at various growth projects under of the Lüderitz Waterfront Development will help preserve and heated swimming pool, netball/ present and as soon as deals are the Waterfront’s Second Phase Company (LWDC). Photo Contributed. commemorate the town’s history volleyball courts, youth cafeteria, made and sealed, the project may Development, aim at making and rich heritage. gymnasium, amphitheatre, beach commence in earnest without Lüderitz Waterfront, not only as Fluksman Samuehl, volleyball and a host of youth delay. a popular tourist and investment chief executive officer of friendly facilities in and around “Each of the project smay take destination, but a special public So far, good selections of the Lüderitz Waterfront the massive old power station about 16 months to complete, access place that welcomes all Development Company building,” he said. depending on the appetite of people to live, work and enjoy maritime artifacts have been (LWDC) said the company Samuehl said it would also private sector participation. We the most beautiful and inspiring collected, which will be displayed is presently experiencing have Namibia’s first-ever may have all these projects up architectural spaces. funding problems attributed maritime museum, which has the and running by 2018/19,” he Samuehl concluded by saying in the museum. The waterfront mainly to government’s cash potential to become a drawcard noted. that Lüderitz is poised to company and government jointly flow challenges but the matter for increased tourism. “So far, The costs of the new projects grow both in terms of size and is receiving attention by all good selections of maritime are yet to be formulated but the its ability to provide critical funded this project with relevant stakeholders involved. artifacts have been collected, costs to revamp the old power services to its residents, tourists ministries making the largest He added that the company, which will be displayed in station alone has now ballooned and visitors, and that “this wave financial contribution. however, remains optimistic that the museum. The waterfront to N$339 million. This is due to of development will trigger the very soon adequate funding shall company and government jointly the delays in funding which is challenge of housing shortages.“ Housing & Property Diary 9 28 February 2017

TURNING THE OLD POWER STATION INTO AN ATTRACTIVE WATERFRONT DESTINATION

The Old Power Station, one of the Lüderitz Waterfront projects that is being transformed into an attractive waterfront space. This specific project focuses on the development of the fully fledged satellite campus for NUST, maritime museum, indoor and outdoor sport and recreational facilities. At completion, it is envisaged that this space will welcomes all people.

A few luxury waterfront apartments are remaining for sale,book now by contacting [email protected]

Lüderitz Waterfront Development Company (Pty) Ltd PO Box 78, Lüderitz, Namibia, Tel: +264 63 202702, Fax: +264 63 202030, Email: [email protected] Website: www.luderitzwaterfront.com.na 28 February 2017 10 Housing & Property Diary

You Can Build Your Home Trouble-Free with Ark Trading

or people across the world, the remodel as trouble-free as possible. components, fixtures or the finishing process ensures products and funds are ARK Trading to be successful it must building of a new home, or the As a “one-stop shop”, we save you touches of tiles, paint and pavers, appropriated correctly as milestones develop strong relationships with remodelling of their current time as well as money. And maybe ARK Trading has what you need for a in the building process are completed, customers, deliver superior service, and Fhome, is a stressful event. There are a most importantly, we simply save rewarding project. and helps prevent interest accruing sell a strong selection of the quality myriad of decisions to make, ranging you stress. Having every product In addition to having the products unnecessarily. Our home builder products needed to complete building from how to arrange financing at the necessary for the completion of your and expertise needed for trouble-free account customers receive personalised projects. start of the process, to the making of home under one roof, you are saved building, the financing of your new assistance and guidance each step of At ARK Trading you are not alone final decisions on fixtures and finishes from hours of driving from shop to home or remodel is simplified at ARK. the way. in the building process. Our goal is to use at completion. shop. Our trained sales team has Our on-site estimator will evaluate In January 2016 ARK Trading to assist you in making your building The complexity of the process years of experience and extensive your building plans at the onset to give came under the new management of dream a trouble-free success. You discourages many as soon as the idea product knowledge, answering your you an accurate budget and enabling Paul Koster. Paul brings 22 years CAN build your home trouble-free of building strikes them, and of those product questions and assisting you solid planning. Our finance team works of building and trade experience to with ARK Trading. Call +264 61 385 that do get started, many become in the purchase of the right materials together with you, your local bank, and ARK and has sought to streamline 900 today to speak to a member of our disillusioned along the way. for your unique home, start to your contractor to mitigate your risk the selection and purchase of building friendly staff and begin the process At Ark Trading, our goal is to make finish. Whether you need cement, by facilitating the building timeline. materials for the contractor as well of building your dream. We look the building of your new home or steel, bricks, plumbing or electrical This critical aspect of the building as home owners. Paul believes for forward to partnering with you! Housing & Property Diary 11 28 February 2017 CIF stresses the need for construction council

• CHARMAINE NGATJIHEUE on late payments and that “Therefore, in terms of effective payment systems he Construction priority, the CIF encourages needed to be established. Industries Federation of The over 450 member-strong Namibia has stressed the that all outstanding debt to CIF also asked that information Tneed of a national construction companies operating in the about capital projects for the council that would ensure that building and construction next financial year be made the industry is better regulated. sector, would need to be available as soon as possible for This comes after hardships businesses in the construction such as the water crisis and the paid as soon as possible industry to plan accordingly. slowing economy that affect the to avoid the knock-on Kirchner said the CIF keeps construction industry. effects in the respective emphasising that it remains Bärbel Kirchner, CIF’s supply chains and the absolutely critical that Namibia consulting general manager, said spillover to other sectors,” maintains its local construction the CIF hopes that a bill on the sector so that all future projects related matter would be tabled in can be for Namibian companies parliament as soon as possible. only. “It would mean that only “The CIF will provide the “Namibian construction registered and licensed companies ministry with a list of all capacity must be engaged for would be able to tender for outstanding payments in the all construction and building projects, and that there would construction industry, with projects, including those that be better control over quality details of respective invoices focus on development of the in the industry. This will also by 21 February. Although the infrastructure for the optimal address the phenomenon of information would be available supply of water and electricity, tenderpreneurs,” said Kirchner. to government, this is to ensure and the development of key roads. CIF has maintained that it is crucial for Namibia to maintain its local construction sector Kirchner added that government that if payments have not been In addition, with the limited funds for all future projects to be reserved for Namibian companies only. Photos: contributed. is trying to minimise the effects of forthcoming in this financial year, available, there needs to be a the current situation and in view it will be budgeted for in the focus on maintenance, renovation of Namibia’s economic future, next year. It provides a means for and the sanitation of buildings government emphasises the additional checks and balances, if and infrastructure,” said Kirchner. need to consolidate and control required,” said Kirchner. She added that the rains are a expenditure. Last year the federation had total blessing, saying they can She noted that delayed asked government to pay all therefore anticipate a growth payments by government invoices for the construction in the private sector building have a negative impact on the sector by 15 December. About activity. Kirchner said there construction industry. 115 companies were owed is a need to remain focused “Therefore, in terms of priority, roughly N$1 billion by the on continuously saving water the CIF encourages that all government. This was after a and on the building of water outstanding debt to companies survey conducted by CIF, which infrastructure. operating in the building and revealed that close to 75% Other factors that largely construction sector would need businesses of the 85 respondents affected the sector in 2016 was to be paid as soon as possible to in the survey were facing cash when government announced that avoid the knock-on effects in the flow problems. no tenders were to be awarded respective supply chains and the The industry also retrenched by government authorities until spillover to other sectors,” she over 1000 employees. the 2016/2017 budget review and added. The survey also showed until the reprioritisation of capital She said the CIF has met with that between 70 and 100% projects has been finalised, in the finance minister in order to of respondents depend on addition to feasibility studies for continue raising awareness of government projects. As a way capital projects being put on hold. how businesses are affected and to ease the situation, respondents This led to the CIF calling for how late payments impact the noted that government needed to support and protection of the local cash flow situation in the industry. pay them on time, pay penalties construction industry. Buy-a-Brick campaign to alleviate housing scarcity

• STAFF REPORTER who live in shacks. What is pleasing to note is that this community initiative is well aligned HE Buy-a-Brick challenge introduced to government’s mass housing programme as by Standard Bank Namibia aimed well as the land and housing provision under at alleviating the housing shortage the social progression pillar of the Harambee Luxury Hill: Deutte on Top Tsaw its chief executive officer, Vetumbuavi Prosperity Plan as set forward by our President Mungunda, host an outreach at informal Hage Geingob.” • 4 bedrooms settlements in Windhoek. She added that the provision of housing in The outreach that took place last week Namibia cannot be left to government alone • 4 bathrooms saw various executives from both the public as it is not in a position to raise and provide all • 4 garages and private sector, in addition to youth the resources required for such programmes. • 1 extra Parking parliamentarians. The informal settlements “It requires the support and involvement • Dining Room & Lounge visited were Havana, One Nation and of other stakeholders, particularly the private Okahandja Park. sector and members of the public. We • Modern Kitchen with Scullary The mission was to engage with the therefore all have a collective responsibility • Laundry Deck residents of those settlements in a bid to raise to build a country we want to see in the • Pool & storeroom awareness on the housing shortage and the future. And by doing something personal and • N$ 5.1 in CC efforts being made with the Buy-a-Brick reaching out to our less fortunate communities initiative. who live in shacks in our country, we can “The Standard Bank Buy-a-Brick Initiative, make a difference in their lives,” she stressed. which was launched last year, is not a Faan Bergh Winckler Trust representative, Ludwigsdorf: new undertaking for us. In fact, as a good Janine Bester, said the outreach was an corporate citizen it is a campaign very close amazing wake-up call and special experience. • 4 bedrooms to our hearts. It has also come a long way “We got out of our comfort zones and • 3 bathrooms in alleviating the shortage of housing in our stepped into reality to experience the country through our 10 year partnership with livelihoods of our communities,” she said. • Dining Room & Lounge the Shack Dwellers Federation of Namibia of Emma Theofelus, deputy speaker of the • Studio which the First Lady Monica Geingos is the youth parliament in Namibia added that, • Extra Guest Toilet patron,” Mungunda said of the initiative. “considering the experience that I have had, I • Entertainment Room Minister of urban and rural development, can confidently say my eyes have been opened Sophia Shaningwa who was among the to the misconceptions and stereotypes of our • Pool next to Lapa with BQ attendees of the outreach programme, said; people living in informal settlements. As • Low maintanance garden “I fully support Standard Bank’s outreach young people we need to be exposed to such • Registrated in CC valuation N$ 5.5 challenge under the Buy-a-Brick initiative situations, so that as the future leaders we can because it seeks to alleviate the plight of our make the right decisions for the Namibian 38 KASTEEL STREET, LUXURY HILL, LUDWIGSDORPH, CELL:+264 81 127 3434 mothers, fathers, brothers, sisters and children population.” TEL/FAX:+264 61 224883, E-mail:[email protected] 28 February 2017 12 Housing & Property Diary Helping to stimulate the local economy

• CHARMAINE NGATJIHEUE through growth and innovation of “We also see it as a aluminum products to the coastal contribution factor to the MALL businesses are towns and central part of our local economy through usually perceived as too country,” said Shitumbapo. small to contribute to the Shitumbapo added that growth and innovation of Slocal economy but when it comes Worldwide Aluminium and Glass aluminum products to the to Worldwide Aluminium and wants to work harder to deliver coastal towns and central Glass, that phrase cannot be affordable quality services to its part of our country. associated with them. clients than previously. Although it is a fairly new “We hope to open an additional ” Fillipus Shitumbapo business that has been operational branch up north, either at for roughly three years, Ondangwa, Ongwediva or Worldwide Aluminium and Glass Oshakati to serve our growing and unfair competition from helps stimulate the local economy clients in that part of the country. Chinese nationals. through employment creation. We wish to participate in “Fortunately, Worldwide Worldwide Aluminium and Glass charitable programmes later in the Aluminium and Glass’s client South African property has grown from employing three year,” he said. base is diverse, whereby our focus people based only at Swakopmund Shitumbapo added that is not limited to a specific group market predictions for 2017 and now the company employs Namibia’s economic crunch has of clients, and I believe this has 23 Namibians including those had an impact on the company’s contributed to our sustainability S MUCH as we don’t like to admit over the past couple of years, and they will employed to serve Windhoek, business operations. despite economic challenges that it, 2016 has not been a good year for certainly increasingly continue to play out in Rehoboth and Okahandja clients. “Our business does not operate our country faces,” he said. many of us. We have seen tremendous different ways. With over 40% of home loans Last year the company has in a vacuum and what affects our He added that 2016 was Aupheaval across the globe including Brexit, a being granted to first time buyers, it’s clear always been operational from clients e.g. in the construction successful in many ways. refugee crisis and a controversial American that that sector of the market is continuing the coast, set up an office in industry, the general public and “We have managed to president elect. unabated. They’re buying homes, and they are Windhoek. government, will inevitably also successfully complete big projects Things have not been that rosy in South buying into what is one of the biggest global Worldwide Aluminium and affect us and on that point business in most parts of the country Africa either with corruption taking centre stage trends, increased urbanisation. small, gated Glass fabricates supplies, replaces, has slowed a bit. If you put your and we went as far as the Dobe alongside growing political dissatisfaction. communities where costs and responsibilities customises and installs quality heart in what you do and satisfy border post between Namibia There have however been many positives. The are shared, people work together as a and affordable aluminium your clients 99% of the time, they and Botswana approximately rand has strengthened after its dramatic drop in community – particularly when it comes to windows, aluminium doors and are bound to return the favour in 480km east of Grootfontein,” said December 2015. security – and they want their children to grow other services. It has windows in one way or the other. I am talking Shitumbapo. Much has been written about the country’s up in a safe environment, playing in the ‘streets’ all shapes, sizes and in different about referrals for projects like In addition, Worldwide property market and yes, while there has been a with the neighbour’s children. That’s all possible colours depending on the clients’ a single office or house which Aluminium and Glass managed general slowdown in the market, prices are, for in a gated estate, where people are prepared choice. helps to keep the lights on,” added to get advanced industrialised the best part, holding their own. The banks are to sacrifice space for safety and community. As part of its corporate social Shitumbapo. machinery, hired more qualified still granting bonds and people are still investing They also want to be close to work, play, retail, responsibility, the company aims One of the achievements worth aluminium technicians, in property on a grand scale. schools, you name it – they don’t want long, to create more employment for noting is the growth in the number administrators, safety officers and We asked some real estate executives what expensive, fuel-guzzling commutes. local people within the community of return clients that the company fitters. At Worldwide Aluminium they predicted property-wise for 2017. Dr Andrew Golding, CEO Pam Golding it operates in. experienced during 2016. and Glass you will find aluminium Here are their responses. Property Group said; “We anticipate that Fillipus Shitumbapo, managing Shitumbapo said these clients have windows and door solutions for Myles Wakefield, CEO Wakefields Real 2017 will see the continuation of a number director said the company’s continued to use their services every project and building type, Estate said; “I’d love to have that crystal ball of prevailing trends. These include the desire innovative and creative team is over several years. from residential to commercial with 2017 engraved ‘good’ on it, but I don’t. I’m among first-time buyers to acquire a foothold on continually implementing new Shitumbapo said the company to traditional and contemporary. not sure anybody has it. With the astonishing, the property ladder and own their own homes; solutions for existing ideas; hence also faced a few challenges such Its windows and doors are unexpected, and often almost reverse outcome an ongoing trend towards investment in mixed- the uniqueness of most of their as acquiring proper industrial robust, user friendly, tough and of some of 2015’s events, such as local and use developments, mainly in metropolitan products. machinery, monopolies at the highly secure, compatible with global, any opinions given would say more hubs, as well as the development of secure “We also see it as a contribution coast, and high prices for raw all approved and recommended about me than about the property market. private estates and sectional title complexes. factor to the local economy materials from its main suppliers, window and door systems. “What I can say is that we have a number of This incorporates the growing popularity of trends which have been entrenching themselves a convenient lifestyle within easy reach of all amenities and transport, and encompassing the live, work, play, shop concept; the transition to ‘green’ and sustainable living as pricing pressures resulting WORLDWIDE ALUMINIUM AND GLASS from the prolonged drought and rising electricity tariffs will see a continued shift to energy Our windows and doors are robust, trough and and water efficiency; and t0he highly secure, you can choose from hundreds of importance of understanding the dynamics of the housing colours and finishes, raining from a matt, gloss or market when making a sound metallic finish to a special low maintenance and investment decision. These scratch resistant Coatex finish. include factors such as the ongoing migration of people, supply of new housing units and Products & Services: lifestyle trends.” Lew Geffen, Chairman of Lew Geffen Sotheby’s International • Windows Realty noted that;“2017 is • Doors going to be a tough year for the residential property industry as • Garage Doors political uncertainty and a flat • Sliding Doors economy squeezes consumers • Shop Fronts further and subdues an already depressed market. • Gates “The Western Cape is • Xpanda Trelli Doors underpinning national house price inflation, but much of • Shower Doors that is due to the tsunami of • Burgular Bars semigration that has been the • Foldaway Doors order of the day for several years now. Looking at how flat the • Roller Shutters Gauteng market has become in • Gate Motors 2016, though, if homeowners there aren’t selling they’re WINDHOEK: unlikely to be buying in the Cape SWAKOPMUND: 1802th Brahmann Street, Brahmann Industrial Park unit 10 and the knock-on effect will 35th Mandume Ndemufayo Street | Unit 1, 2A & 2B Tel: 061 245 844 | Fax2Email: 0886553898 probably slow that market as Tel: 064 462 317 | Fax2Email: 0886553898 For Quotes/Tenders: [email protected] well in 2017. We do still expect For Quotes/Tenders: [email protected] Fillipus: +264 81 128 1814 | [email protected] the Western Cape market to be +264 81 597 6974 | [email protected] Neville: Sephania: +264 81 342 2044 | [email protected] the strongest performer in 2017. Isak: +264 81 305 1792 | [email protected] Web: www.worldwidealu.com.na Source: Private Property Housing & Property Diary 13 28 February 2017 Building compliance certificates now compulsory at Swakopmund

n 15 December 2016, comply with the Electricity the Amendment of Supply Regulations. Standard Building Once the inspector has done ORegulations applicable to the the inspection and is satisfied town of Swakopmund and that the building complies contained in Government with all the above-mentioned Notice No 496 of 2016 provisions, a building came into operation. These compliance certificate will be regulations make it compulsory issued to the owner. for the obtaining of a building compliance certificate before What if my building any property in the district does not comply? of Swakopmund may be transferred to a subsequent If the building inspector owner. The regulations were finds that the building does specifically made applicable not comply with any of the to the transfer of the member’s abovementioned provisions, interest in a close corporation he shall indicate in writing or a majority shareholding in a to the owner why a building company, where such property compliance certificate could not is owned by a close corporation be issued. The owner is then or a company. compelled to correct any or all The rationale behind these mistakes found before he can regulations is to ensure that again apply for the issuing of a all buildings at Swakopmund building compliance certificate. comply with the building This in practice may mean regulations. Similar that the owner will have to regulations are applicable in submit new (amended) building Windhoek. This means that plans for approval by the the municipality wishes to municipality. ensure that the building has Each repeat inspection will been built according to the again require the payment building plans as approved by of the necessary fee to the the municipal council, that the municipality. On top of that, property is only used for its any person who contravenes the intended purpose, has not been regulations or fails to adhere consolidated or subdivided to an instruction to rectify any without the necessary consents mistakes found on inspection, and that the electricity commits an offence and is installations comply with the liable to a fine of up to N$ 2000 Electricity Act. or even imprisonment for up to 6 months. No person will be How do I go about allowed to transfer any property obtaining such a certificate until the fine has been paid and at Swakopmund? the non-compliance corrected.

In terms of the regulations, the What does all of this mean owner of a building or structure to the average property must, against payment of the owner at Swakopmund? prescribed fee of N$ 300, apply in writing to the municipality It is vitally important to check for the issuing of such building the building plans of your compliance certificate. property at the municipality to ensure that your property How quickly can I expect complies with the building my building compliance regulations, especially if you certificate plan to sell your property in the near future. The regulations make If you wait until the day provision for a building when you wish to sell your inspector to visit the property property before checking that and to inspect the building your property complies with within 5 working days of the all the provisions, you may receipt of an application for a experience a serious delay in building compliance certificate. the registration of the transfer The building inspector will of your property, if you for arrange the intended visit to the example need to submit new premises with the owner and building plans for approval during the inspection needs to or correct your electricity ensure that: installation. It is also important The building has been built to keep in mind that the according to the approved building compliance certificate building plans; is only valid for a period of 90 The building is not used for days from the date of issue. any other purpose than what Once it has lapsed, you will was originally intended and have to re-apply and again be approved; liable for the payment of the All establishments, application fee. subdivisions and consolidations The cuilding compliance on the property comply with the certificate needs to be valid standard building regulations; on the date of transfer of the and property. All electrical installations 28 February 2017 14 Housing & Property Diary

Land resettlement: Hope for landless Namibians or not? …As Govt buys farms for N$1,7b to date

HE Government land about 510 farms for resettlement N$17,3 million. “We need to manage the resettlement programme has purposes, which are slightly more than From 1990 to 2015, 5 096 process properly because in seen immense growth over the 3 million hectares. families were resettled of whom the future, it is only people Tpast 26 years as many hoped that it For the 2014/15, 2015/16 and 1 377 are males and 1 996 are would answer the calls of the many 2016/17 financial years, government females. During the 2016/17 with money who can afford landless Namibians. spent N$260,4 million on 41 farms, financial year, government to buy farms. So for now Despite the programme having N$439,2 million on 60 farms and managed to resettle 78 people can pay rent for the been introduced in 1990, many have N$187,3 million on 22 farms, beneficiaries. farms and when we can see complained that the process has not in respectively. The resettlement programme its entirety dealt with fixing the issue In addition, there are three farms has seen critics saying there are they are succeeding, we of landlessness. measuring approximately 10 thousand a lot of landless Namibians who Chrispin Matongela, land reform give them the farm,” From 1990, government spent hectares which the government plans are not benefiting from it and public relations officer. roughly N$1,7 billion on purchasing to purchase at a combined cost of that some of those resettled, are from other regions. Speaking to The Namibian, Chrispin Matongela, land reform public relations officer said one should not look at people from different regions being resettled in a specific region as a harmful thing, “this is part of regional integration.” The ownership of these land still belong to government although families have been and will be resettled on them and will lease the land from government for over 90 years. The leasing of land has also seen criticism as critics say no one can lease land for so long and government should transfer the ownership to those resettled at that land. Matongela reiterated that the farms purchased are strictly government farms but are bought to resettle people. He added that government has come up with a strategy whereby the land will be leased to individuals until they are succeeding in farming at that land and only then will they receive ownership. “We need to manage the process properly because in the future, it is only people with money who can afford to buy farms. So for now, people can pay rent for the farms and when we see they are succeeding, we give them the farm,” he said. He added that some farms have NAMCLAY low income earners residing on them and some of them have no cattle or any livestock. Government therefore came up with projects to cater for their needs. “This allows for food rations to be provided to these people. We put them in groups in order for them to come up with income generating activities. The intention by government is to take people out of their misery and make a difference,” said Matongela. Land reform minister Utoni Nujoma, in his recent ministerial speech, said to date a total of 36 resettlement lease agreements have been signed in the Hardap, //Karas, Omaheke, Erongo and Otjozondjupa regions. Nujoma said in order to ensure • Thermo Comfort Insulation • Maintenance free sustainability in the utilisation of the land resource; the ministry • Environmentally Friendly • Durability developed an integrated regional land use plan (IRLUP) in different regions. • Fire and Sound Proof • Aesthetics “For the 2016/17 financial year, the ministry planned to develop the IRLUPs for Omaheke, Omusati and Oshana regions. Progress in realising this output stands at 92% for Otjozondjupa Tel: +264 (0)64 504 126 IRLUP, and 80% for Omaheke Fax: +264 (0)64 504 223 IRLUP. Challenges have been experienced and efforts are Email: [email protected] being put in place to ensure that Web: www.namclay.com Omusati and Oshana IRLUPs are finalised for implementation,” said Nujoma. Housing & Property Diary 15 28 February 2017 Safety and security made a priority

“We have qualified technicians who are certified with the Windhoek municipality. Our team covers operational, sales and all technical aspects,”

• CHARMAINE NGATJIHEUE ensure they meet the safety regulations as per the Labour Act 11 of 2007. ORMERLY known as United Presently, UFS only operates Security Services, United Fire throughout Namibia and is registered and Safety Equipment and with the City of Windhoek’s fire FServices, a subsidiary of United brigade department. Although UFS Africa Group (PTY)LTD , prioritises does not provide emergency services, safety and security by providing top- the company supplies equipment notch services. meant for safety and security United Fire and Safety Equipment purposes. and Services (UFS) has two core “We have qualified technicians businesses which focus on fire who are certified with the Windhoek prevention and safety. UFS is a municipality. Our team covers leading firefighting equipment operational, sales and all technical distributor and service provider in aspects,” she said. Namibia. Some of the major UFS clients “We are the sole distributor of include government departments, Chubb and GunneBo throughout the hospitality industry, and fishing Namibia, we have the rights to and other corporate companies. The distribute these products in Namibia company also provides services which is aligned to our strategic throughout Namibia to certain international partnerships providing businesses at Oshakati, Ondangwa, world-class services and products to Zambezi region and the coast. the people of Namibia. Goliath stressed that Namibians Chubb Fire and Security - one rarely think about the occurrence of a of the most recognised companies fire and thus do not take prior caution, NAMIBIA ESTATE AGENTS BOARD in Namibia and South Africa – but she stressed that every household, offers one of the world’s most every business and every vehicle WARNING TO THE PUBLIC comprehensive portfolios of life should have a fire extinguisher to take DEALING WITH UNREGISTERED ESTATE AGENTS safety and security solutions. the necessary precaution in case an Meanwhile, GunneBo is a global emergency arises. leader in security products, services Any person who acts as an estate agent, and more specifically who advertises property on behalf All UFS workshops that deal of another party, without a fidelity fund certificate from the NEAB, commits a criminal offense. and solutions with an offering that with occupational health and risk includes cash handling, electronic management are South African Advertising includes social media. It has came under the attention of the NEAB that especially security, entrance control, perimeter Bureau of Standards (SABS) 1475 facebook is being utilised by unregistered agents to unlawfully advertise properties. security and safes and vaults. approved. Celeste Goliath, operations manager By manufacturing, supplying and The NEAB is in the process of setting up systems to detect these unregistered agents and will at UFS said UFS does everything servicing high quality firefighting institute criminal proceedings where persons act in contravention of the Act. related to fire which includes selling equipment by combining modern The public is warned not to make use of the services of unregistered agents. Doing so holds fire extinguishers, and for safety, the technology with quality staff, UFS substantial legal and financial risk. Criminal cases and recovery of damages take a long time. The company sells strongroom doors, is committed to preserve life and Fidelity Fund will not reimburse you if an unregistered agent defrauds you or steals any money ordinary safes and gun safes. “We protect property. from you. give a five-year guarantee to our Apart from extinguishers, Chubb clients as long as they service their and GunneBo, UFS also supplies The public must always ensure that an agent can provide a valid fidelity fund certificate (note products they purchased from us. If hose reels, fire horse and fittings, especially when a certificate expires) and a valid NEAB identification card. Also look at the expiry they go to another service provider, cabinets and boxes, signage, ancillary dates on these cards. they forfeit the guarantee,” she said. equipment, fire resistant safes, doors For further enquiries phone the NEAB at 061-249885 Once the product is sold to the client, and cabinets and modular vaults. Or visit our offices at No 7 Hahnemann Street, Windhoek West. UFS ensures that it is serviced on an Physical Address annual basis. 25 Kalie Road Street She said by law, any business who Northern Industry The Chairperson wants a fitness certificate needs to Tell: +264 237 586/7 Anne Thandeka Gebhardt

United Fire & Safety E Q U I P M E N T A N D S E R V I C E S 15%
DISCOUNT 1
-
31
MARCHfrom Hurry!!! While stocks last DRAYCOTT MULTIMEDIA SPECIALS ● CO2 5kg Exnguishers ● 2.5kg DCP Exnguishers

Call us today on 061 237 586 or Visit us at 25 Kalie Roodt Street, Northern Industrial Area, Windhoek The most trusted safety equipment provider & service team. 28 February 2017 16 Housing & Property Diary

The Ocean meets Luxury at Afrodite Beach

Studies have shown that living by the beach encourages physical activity, this finally leading to a healthier lifestyle. This isthe emphasis on the Afrodite Beach that seizes the spirit of rest and nature, yet furnished with the amenities in any modern city.

Positioned on the edge where the golden dunes of the world famous Namib Desert meet the deep blue Atlantic Ocean, Afrodite Beach is an opportune moment to possess an exclusive, luxurious paradise.

Overlooking the magnificent Pelican Peninsula where numerous ships and fishing trawlers rest for a while, picturesque views and magnificent sunsets are the order of the day. The development offers spectacular sea views and affordable luxury on a stunning, unspoilt stretch of Namibia’s coastline.

Situated 10km north of Walvis Bay, no imagination needed as Afrodite Beach is within reach. As luxury meets the ocean, Afrodite Beach is a development that aims to craft a secure and peaceful residential development, merging melodiously with the natural desert environment.

Consisting of different sized modern houses, a luxury hotel, apartments, conference rooms, a health spa and commercial facilities, Afrodite Beach is based on the idea of a secure and comfortable community. Potential buyers will be able to buy plots from the developer or the developer’s appointed agents.

Afrodite Beach has an innovative approach that allows those who purchase the ervens to develop their houses or units, to their taste and comfort, but still adhere to the architectural guidelines and conditions of the development. This will also ensure that the basic look of the buildings blend harmoniously.

A team of the most respected professionals engaged with meticulous attention to detail with a far-reaching vision to present a first class development. Afrodite Beach will be one of the five wonders in Namibia.

For further information contact:

Cell: +264 81 129 4501 +264 81 128 4501 +264 81 122 3777

Fax: +264 64 207 029/ +264 64 205 576 Fax2Email: 088 619 340

Email: [email protected] Website: www.afrodite-beach.com