Chinese estate developers, bank urge Tanzanians to purchase modern homes at Kigamboni in Dar.

Chinese estate developers, bank urge Tanzanians to purchase modern homes at Kigamboni in Dar.

Sat May 02, 2015

After inking a pact with Chinese real estate developers, Avic International Real Estate (T) to provide loans at an affordable interest rate for house purchasing in Kigambpno, Dar es Salaam, CBA Bank Tanzania Limited now wants Tanzanians grab the chance by borrowing so as to own edifices in the areas.
 
Speaking after visiting the houses yesterday, the CBA Managing Director, Julius Mcharo, said the deal provided the opportunity for Tanzanians to own high quality houses built by Avic in Dar es Salaam’s Kigamboni area.
 
Mcharo said CBA Tanzania Limited plans to raise people’s living standards in collaboration with real estate investors by enabling them to own better homes.
 
“Our bank is planning to provide low cost loans to citizens wishing to procure houses at affordable rates payable up to 20 years,” he said.
 
The CBA Corporate Customers Manager Hyasinta Mwimunzi, said the size of the houses range from two rooms and a seating room sold at between USD150,000 to USD200,000 payable up to 20 years at small interest rates.
 
The Avic International Real Estate Assistant Manager, Liu De Xiang, said he was pleased to enter the deal with a big bank like CBA Tanzania Limited and pledged to continue investing on cost effective houses.
 
“We call upon the citizens to go for the deal in order to benefit from the opportunity in owning homes through loans at affordable rates,” he said.
 
He said that the project will be developed in five phases and 3,000-5,000 sets of houses will be built with qualified property services for comfortable and convenient life and also creating good opportunities for investment.
 
The new city of Kigamboni, with a total area of 64,944,000 ?, is located in Temeke District. According to development information and statistics, the government has invested about 7bn/- into planning the new city of Kigamboni to build commercial centre, industrial zone, tour centee, hospitals, international schools and residential zones with complete facilities, making the new city to be a prosperous centre and place where everyone expects to reside.
SOURCE: IPPMEDIA

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