- General News 2011
- Published Date
- Nyasha Francis Nyaunwa
- Hits: 1769
According to latest statistics from the City of Windhoek, the number and value of building plans approved during November increased compared to the previous month.
On a month-on-month basis, the number of plans approved, including walls and pools, increased from 221 in October to 248 in November. Excluding walls and pools, the total number approved was 212 an 8.2% increase than the previous month, but 27.9% lower than a year earlier.
The total value of approved plans in November was N$111 million, reflecting a 10.9% month-on-month increase and a 20.5% year-on-year decrease.
The monthly increase in the number of approved plans was due to increases in the “additions” and “commercial and industrial” categories, which were partially offset by a decline in the “flat and house” category.
On the other hand, the monthly increase in the value approved was due to an increase in the “commercial and industrial” category which was partially offset by decline in the “additions” and “flat and house” categories.
Of the 248 plans approved in November, 190 were in the “additions” category and totaled N$45.5million, while 16 plans to the value of N$12.3 million fell under “flat and house” and six plans to the value of N$53.2million fell under “commercial and industrial”.
Year-to-date 2447 plans to the value of N$1.466 billion have been approved. The number and value of plans approved in 2011 have been closely tracking 2010’s. Relative to 2010, the 2011 year-to-date number of plans approved is 1.3% higher, while the value of plans approved is 0.1% lower.
In the past 12 months, 2626 plans to the value of N$1.542 billion have been approved. The 12-month cumulative number of plans approved is 1.8% higher than the previous year, while the 12-month cumulative value of plans approved is 1.2% higher.
The six-month moving average of value of plans approved increased by 4.4% to N$135.9million from N$130.1million in October, while on a yearly basis the measure decreased by 7.3%.
The number of building plans completed - including walls and pools - rebounded to 100 plans in November after dropping by 46% during October to 78 plans. Excluding walls and pools, 82 plans (valued at N$34.3million) were completed in November, a 32.3% increase (49.9% increase in value) from the previous month. However it decreased by 25.5% (24.5% decrease in value) from the previous year.
Sixty-six plans completed to the value of N$10.3 million were additions, and 14 plans to the value of N$20.7 million fell under the “flats and house” category while two commercial properties to the value of N$3.27 million were also completed.
The six-month moving average of the total value of plans completed was virtually unchanged during the month, decreasing by a mere 0.2% to N$76.8 million. However on an annual basis, the measure was 35.1% higher.
The 12-month moving average of the total value of both approved and completed plans increased on an annual basis to N$128.5 million and N$62.1 million, respectively.n
- Articles In This Category
- Fraud a threat to telecoms sector (1277 hits)General News 2011Fraud poses a major threat to the telecommunication sector, a workshop hosted in Windhoek heard this week. Delegates from a number of southern...Wind energy project soon (1274 hits)General News 2011Nampower and other relevant stakeholders are expected to draft a Power Purchase Agreement that outlines the conditions and prices for the purchase of...City accused of manipulating land market (1213 hits)General News 2011A decision by the City of Windhoek to avail only 234 ervens at the recently held property auction in which the City is said to have made N$141...SWAPO language policy a disaster (1299 hits)General News 2011A study has recommended the revision of the 1993 language policy for schools following the recent shocking revelation that 98% of teachers were not...Businesswoman project holds last meeting (1086 hits)General News 2011The Economist Businesswoman Club hosted its last networking breakfast meeting last week Friday. The breakfast served as the official introduction of...Trade expo boosts SMEs (1300 hits)General News 2011The Erongo Trade Expo has become one of the main established supporters of small and medium enterprises in the Erongo region. In the next three years...Best guest farms awarded (1309 hits)General News 2011The Hohewarte and Okomitundu Guest Farms both received gold awards at the recently held Hospitality Association of Namibia (HAN) awards....Police receive traffic signs (1459 hits)General News 2011The Ministry of Works and Transport through the Roads Authority, handed a donation to the Namibian Police in the form of road traffic signs to assist...Domestic workers demand increase in wages (1839 hits)General News 2011A campaign which calls for an increase in the wages of domestic workers and an overall improvement in their working conditions, is in full swing. The...Industrial park dangerous for marine ecosystem (1509 hits)General News 2011The Gecko Vision Industrial Park will have a negative impact on Namibia’s marine ecosystem, an environment expert has reiterated. Bronwen Currie, a...
- Related Articles
- Gold is a useless value store (1738 hits)Editors DeskImagine winning a wheelbarrow full of coins at one of the local casinos. This image is prominently advertised on billboards across Windhoek to entice...Fund unlocking urban land value (987 hits)General NewsAs part of conceited efforts to meet the demand for serviced land, mainly as a result of rapid rural-urban migration, the Old Mutual Midina Fund has...The Tata Xenon - real value for money (934 hits)Special FocusThe Tata Xenon is already well-established as an affordable, dual-purpose hard-working lifestyle vehicle in the SA and Namibian market. The Xenon has...GIPF market value soars (1014 hits)MarketsThe market value of the investments made by the Government Institutions Pension Fund has surpassed the N$50 billion mark as at 31 March 2012, up from...SME equity tested for value (949 hits)MarketsBusiness Financial Solutions (BFS), the Deutsche Gesellschaft fur Internationale Zusammenarbeit (GIZ) on behalf of the German government, Bank...
- Latest Articles
- Spanish navy ship “Rayo” visits Lüderitz (227 hits)General NewsThe Spanish Navy Ship “Rayo” paid a visit to Luderitz this week. This is the first time this brand new ship, an ocean patrol vessel, entered...Conference in the North launched (536 hits)HeadlinesIts official, the Economist Businesswomen Club this week launched the 14th edition of its annual Businesswomen Conference in the North when...Govt urged to restructure energy (511 hits)HeadlinesThe business community has called for the restructuring of the local energy sector to allow for more players in the sector in order to guarantee...Trade with UK falls 28% (475 hits)HeadlinesThe decision by the world’s leading diamond company De Beers to move its diamond sorting operations from London to Botswana has seen a 28% drop in...The winter of our energy discontent (88 hits)Editors DeskWith the first portent of another winter arriving during the week, energy is again on everybody’s mind. And it is not only the dreaded fear of an...