Thursday, May 17, 2012

GREDA appeal to Government for partnership whiles Lakeside Introduces one bed room affordable house



Lakeside Estate has taken another step again towards the provision of affordable housing within the Greater Accra Region with the construction of the one bedroom expandable house at Ashale-Botwe.

The Acting Managing Director of Lakeside Estate, Mr. Salah Kalmoni says the One bedroom semi detached house which has a living area, toilet, bedroom, kitchen yard and front terrace forms part of their strategies to reduce the housing deficit in Ghana.
He noted that the firm has completed and furbished 41 houses out of the proposed 81 houses in the estate. According to him, Lakeside Estate built and sold 110 houses last year making their decade of establishment in country.
Mr. Salah Kalmoni made these statements at the official launching of the one bedroom expandable house at Lakeside Estate in Accra.
He stated that the leading estate firm has targeted building 10,000 houses in the next ten years to reduce housing deficit in the Urban Centres.
The one bedroom semi-detached house is competitively priced at $US29,500 with earthquake and fire outbreak resistant.
He disclosed that Lakeside Estate will be listed on the Ghana Stock Exchange in the three years.
The President of the Ghana Real Estate Developers Association (GREDA), Mr Alex Tweneboa says government has not be supportive in providing affording housing for the people.
He appealed to the government to partner private estate developers to provide low cost affordable houses for the public.
He stated that about 80 percent of Ghanaians cannot afford at US$15,000, therefore the government needs to strengthen public-private partnership to house Ghanaians, he added.
Mr. Alex Tweneboa congratulated Lakeside Estate for building about 120 housing unit last year for the people.
Mr. Alex Tweneboa also appealed to government to exempt tax holidays to private real estate developers.
He reiterated that the current policy should extend to all other real estate developers who wish to help build a better Ghana.
He says the current on tax holiday do not make it possible for private real estate who do not partner with the ministry of housing to enjoy the holiday.
A representative of the ministry of works and housing, Madam Stella Atiaba says government has created the necessary environment for real estate industry to strive and be competitive.
She stated government is working to improve the housing deficit in the country. Madam Stella Atiaba says about 41.6 per cent of Ghanaians live in rented apartment because of inability to own their home.
The figures is under studied and very soon the government would outline measures to help public workers secure their own homes, she added.
Story: Samuel Mantey, Property Express