The Ministry of Infrastructure, Housing and Urban Development, in partnership with the National Housing Authority (NHA) and Ongos Valley Development (PTY) Ltd of Namibia, has announced a new housing project in the Lusaka South Multifacility Economic Zone (MFEZ).
Project details
- A total of 10,000 housing units will be constructed, with the first 2,000 units available from June 2025.
- Units will cater to low, medium, and high-cost categories. Something for everyone.
- Units will be available for purchase or rent-to-buy options, including mortgage and installment payment plans.
Project Aims
The project aims to address Zambia’s housing deficit by providing affordable and decent housing options for all socioeconomic groups.
Our Take
This project has the potential to provide much-needed housing for Lusaka residents. The variety of housing options and financing plans should hopefully cater to a wide range of needs.
Here are some additional points to consider:
- It is important to carefully review the details of the project, including the eligibility criteria and the terms of the financing options, before registering your interest.
- The construction timeline for the entire project is not yet clear.
- It is advisable to conduct your own research on the developer, Ongos Valley Development (PTY) Ltd, to learn more about their experience and track record.
We will continue to monitor this project and provide updates as they become available.
Disclaimer: We are not endorsing this project and recommend you DO YOUR OWN DUE DILIGENCE before making any decisions.
Here’s the link to the announcement by the Ministry.