HomeBusinessMasholds unveils US$4 million housing project

Masholds unveils US$4 million housing project

BY TAURAI MANGUDHLA

ZIMBABWE Stock Exchange-listed property investment firm Mashonaland Holdings (Masholds) yesterday officially unveiled its US$4 million cluster housing scheme in Harare’s Bluffhill residential area.

The project sits on 2,3 hectares and will comprise 25 units, each occupying at least 600 square metres.

The largest stand will be 1 000m2.

The project is expected to be completed in 18 months, Masholds property development manager Michael Ruwende told NewsDay Business.

Information at hand suggests the company is looking to sell a standard unit for about US$145 000 before tax.

“Finishes can be customised to customer’s preference,” Ruwende said, adding that a number of local contractors will be used on the project.

The company is looking at resurfacing and rehabilitating damaged roads around the project as part of its corporate social responsibility in conjunction with the city council. Ruwende said all necessary approvals had been secured from council.

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