It was on Sunday August 06, 2016 that the Addis Ababa City Administration Housing Management Agency handed over 39,249 condominium houses for both 10/90 and 20/80 winners.
According to the report women and government employees were given 30% and 20% more chance. People included on the lottery draw were the ones who have continuously saved for 29 months or people who haven’t stopped saving for more than 6 months.
The condominium units are located in Kilinto, Bole Arabsa Lideta Kirkos and Project 15 Sites, Koyo Fiche, Bole Hayat Sites 3, 4 and 5.
It was said that 1,717 condominium houses have been built for business purposes. An estimated 8 Billion birr was spent for the development of the condominium units while another 9 billion was spent on developing infrastructure around the condominiums.
In addition to this the construction include 46 day care centers, 14 primary schools, 6 secondary schools and 4 health centers whose construction is on the final stage.