The Winners List for 40/60 condominium 2 bedrooms. The condo units are built under the 20/80 and 40/60 housing schemes since 2013/14. The former requires buyers to pay 20 percent up front, while it is 40 percent in the case of the latter. The remaining is to be paid in 20 years in both cases.
The city administration held a draw for 14 rounds under the 20/80 scheme and three rounds for the 40/60 housing scheme. In the latest round, the cost of the 20/80 housing unit was 7,997.17 birr per square meter, a 77.2 percent jump from the previous round. It has also seen a 61 percent increase in the case of the 40/60 housing units.
Draws for the 13th round were held three years ago on March 6, 2019. Yesterday’s 14th round draw was the first since Mayor Adanech Abebe took office in Addis Ababa.
A total of 79,794 residents were eligible for the draw, while at least 52,599 registered residents, who saved up at least 40 percent until February 28, 2022, were eligible for the third round of the 40/60 lottery draw.
- Ethiopian News