Fiji Real estate
Home > Property News
Rush for affordable homes
May 26, 2009 09:51:24
The rush for affordable homes is fueling Housing Authority’s move to develop a number of properties around Fiji’s capital, Suva, with a 220-lots project at Wainibuku scheduled to be delivered by the New Year.
Housing Authority’s chief executive officer Alipate Naiorosui told FijiLive they now have around 3000 customers from around the country who have registered their interest with them, and the company will be rolling out land lots and homes over the next three to five years to try to cater for this demand.
“We have a $6.7 million project at the moment in Wainibuku. We are funding that ourselves and it is expected to produce over 200 lots to be delivered next year.
“Now, through the support of the Fiji and Chinese government, a $70 million loan has been approved in principle and with that money, we hope to house 5000 more new home owners from the very low income earners - including squatters - to those in the middle income bracket,” Naiorosui said.
There are plans to begin development work on two other locations - a 184 acre property in Tacirua East and a 40-acre land in Nepani, outside Suva, and this will rely mainly on the success of the Chinese loan application.
“We want to get those projects rolling by the third quarter of this year so that by next year, we have some lots. The plan there is to have 1050 land lots developed from those properties over a period of three to five years,” Naiorosui said.
“So between Tacirua and Nepani, we are looking at close to 2000 families to be housed.”
He said the company had been talking to a wide range of customers, including those currently living in squatter areas, who have filed applications for these residential lots when they are available.
Airline record good OTPs for FebFiji Airways reported improved on-time performance (OTP) for last month despite adverse weather conditions.
Verevou will stick with Rewa, Buksh confirmsTeen sensation Iosefo Verevou who was set to join Ba for the upcoming OFC Champions League has changed his mind and will stick with Rewa.
'Green'-tinted SUVs at Seoul Motor ShowGas-guzzling SUVs, eco-friendly electric cars and the odd brave attempt to marry the selling points of both are taking centre stage at the biennial Seoul Motor Show.
ATH completes property sale to FNPFAmalgamated Telecom Holdings Limited (ATH) today finalised the sale of one its properties to the Fiji National Provident Fund.
Avicii to release self-remixed albumTwice Grammy nominated Swedish DJ/producer Avicii is to release an extraordinary True remix album on March 21, following the success the album enjoyed upon its release last September.
Clean-up day to curb dengue outbreakFiji's Ministry of Health has declared a clean-up day next Thursday for residents in the central division as it ups the tempo against a dengue fever outbreak currently experienced in the country.