Bereng Mpaki
OM Investments, the developers of the Green City residential housing project, yesterday handed over keys to owners of five homes.
This brings the number of finished houses in the project to 24.
The project, which is located at Ha-Penapena along the Kofi Annan road, is expected to have 850 when complete.
It started in 2011 and is expected to be completed in 15 years.
Divided into different zones, the project is currently in the first zone which has 94 plots.
The subsequent phases will include commercial facilities such a shopping mall, a hospital, a school, a church, a hotel, a filling station and a recreational centre to service the residential areas.
OM Investments’ sales agent Thabiso Kokota said they were proud to have helped in fulfilling the dreams of home seekers.
“We are going to handover five houses to their owners today and we are proud to made their dreams come true,” Mr Kokota said.
“This is therefore, a good achievement on our side because our aim is to help Basotho access the best quality of homes possible.”
He said prospective home buyers can choose purchase already built houses in the village or opt to have their houses built according to their specifications.
Prospective home owners can either self-finance their homes or request funding from a bank of their choice.
Of the five houses, two were financed by Standard Lesotho Bank (SLB), two were self-financed while one was financed by Nedbank.
One of the recipients of the new home owners, Monti Ntlopo, expressed satisfaction at the service he received from the developers.
He bought a two bed-roomed house with a garage. Although he could not be drawn into disclosing the value of the loan which he got from SLB, he said his house’s value ranged from M800 to M1 million.
“I am grateful to the Green City project for delivering the house in a short time. Had I decided to build it myself, I would not have completed it this early. It is also a beautiful house.
“I was drawn to Green City by the security of the village, with its impressive perimeter fencing. I am also satisfied with their pricing. I had an independent evaluator who valued the house at higher price than what I got it for, so I have a reason to believe their pricing is fair,” Mr Ntlopo said.
SLB home loans consultant Tšoloane Taolane said they were happy to witness one of their customers receiving the home of their dreams.
Other commercial banks are also financing partners for homes at the village.