low cost housing, its not yet finnished. See we are facing a crisis of accomodation hence lack of employment but if we implement this project in lowly developed areas if Zimbabwe like Masvingo, it can create employment, attract invetors from outside the country, even bring big companies to establish in this nation.
2. +
Executive Summary
Proposed Housing Estate to be known as Inkubusi or Hopley T
ownship, Harare. This Land is Priced at 12 million.
Housing Development Scheme to be created with 6 000 stands
with a mix of 4 000 x 1 Bedroom Core House and 2 000 x 3 Be
droom Houses.
The Housing Scheme was approved by the City of Harare (per
mit # SD/2067) on October 2007 as a Low Density Scheme wit
h the following land use plan.
Units can be sold for Cash or Home Ownership Scheme which
allows people to pay for their homes over 10 years.
19. +
Estimated Costings
Project Costs
One Bedroom Houses - 4 000 units = $ 42 million
Three Bedroom Houses - 2 000 units = $ 101 million
Malls
Clinic
Service Stations
Community Centre
20. +
Potential Income
Cash Buyers:
One Bedroom House - 4 000 units = $ 60 million
Three Bedroom House – 2 000 units = $ 121 million
Scheme Buyers:
One Bedroom House - 4 000 units = $ 80 million
Three Bedroom House - 2 000 units = $ 141 million
21. +
Financing Program
Self Financing: One Bedroom Units
Total Project Cost = $ 42 million
Total Project Income = $ 80 million
Total Profit = $ 38 million
Deposits One Bedroom - 4 000 units x $1 000 = $ 4 million
Monthly Payments – 4 000 units x $ 150 = $ 600 000
Period – 10.5 years
22. +
Financing Program
Self Financing: Three Bedroom Units
Total Project Cost = $ 101 million
Total Project Income = $ 141 million
Total Project Profit = $ 40 million
Deposit Three Bedroom - 2 000 units x $ 5 000 = $ 10 million
Monthly Payments – 2 000 units x $ 500 = $ 1 million
Period – 10 years
23. +
Stake Holders Income
Total Project Cost = $143 million
Total Project Income = $ 221 million
Total Profit Share = $ 78 million
Capital Investors = 60% = $ 46.8 million
Land Developers = 40% = $ 31.2 million
Turnaround Time = 250 weeks/ 12.5 months
Return on Investment = 32.73%