5 Things To Know About The Upcoming 40/60 Condominium Lottery

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The Addis Ababa city administration will be delivering the long awaited 40/60 condominium this Saturday. Here are the five important things to know about the process.

  1. Lottery A total of 972 apartments  will be up for lottery and these apartments will be divided accordingly 2 bedroom (324 apartments),3 bedroom (324 apartments), 4 bedroom (324 apartments).
  2. Size and Price 4 bedroom (168.68 meter square) 829,689 birr,3 bedroom (129.5 meter square)   636,974 birr ,2 bedroom (124.97 meter square) 614,692 birr
  3. Who Gets It 11,088 people will be included in the lottery but only 972 winners will be picked. The lottery doesn’t include people who saved for 1 bedroom apartment. Government employees who saved 100% will have 20% more chance while the diaspora will get 3% more chance than ordinary people.
  4. Commercial Use 300 ground flats will be available for commercial sale and they will be costing 17,000 birr per meter square.
  5.  Location The condos that are available for grab this Saturday are for Sengatera sites only. It is known that the 40/60 projects are also being built in sites around Meganegna and Qaliti.

 

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