Beruflich Dokumente
Kultur Dokumente
2013
2012
2013
2013
2013
Beneficiary finance
Condominium unit beneficiaries are required to make a down-payment out of
their own savings to secure their unit. The down-payment percentage varies
according to unit type. Beneficiaries enter into a contractual loan agreement
with the CBE on the basis of monthly interest and principal repayments.
The project finance structure aims to cross-subsidize the studio and onebedroom units as a pricing strategy to increase affordability for low-income
households.
Studio and 1-bed units are sold lower than their individual construction costs
and 2- and 3-bedroom units are sold higher than their individual construction
costs. The subsidy percentages are: studio -30 per cent, 1-bed -10 per cent, 2bed +5 per cent, and 3-bed +10 per cent of unit construction cost.
Unit type
Studio
1-Bed
2-Bed
3-Bed
Commercial
Downpayment
10%
10%
30%
30%
100%
2012
Interest
rate
0%
2%
7.5%
7.5%
-
Grace
period
6 months
3 months
-
Repayment
period
20 years
10 years
15 years
10 years
-
Studio
1-bed
2-bed
3-bed
<20
20-30
30-45
>45
Percentage in each
block
20
40
20
20
2013
Monthly income in
ETB
300
600
1200
1800
Average price(m2)
in ETB
800
900
1100
1200
Average price
Selling price in
ETB
16000
18-27000
33-50000
>50000
Merits
Gender inequalities are slowly improving. The unit types are distributed
evenly across each story, rather than each story having only one type to
encourage a mix of income groups.
The site layout of the condominium blocks, commercial units, and
communal buildings depends on the specific site, responding to available land
area, land typography, and required densities.
The condominium blocks are constructed from a frame of reinforced
concrete (a mix of in-situ and pre-cast) with masonry infill walls, plastered both
inside and out
The modular design reduces construction times and allows for the
repetition and adaptation of designs across projects
The design utilizes standard sizes of materials therefore reducing costs
further (for instance standard hollow brick dimensions are kept to remove the
need for cutting them to size).
The provision of commercial units aims to ensure mixed use occupation of
condominium sites, which have several benefits over purely residential
developments.
The program has tight costing and quantity surveying mechanisms that aim
to minimize construction costs.
The stair is placed at average position this leads the dwellers to use it
quickly and easily.
It has a common commercial space.
The commercial spaces are placed far from the apartments which make it
acoustically good.
Demerits