Invest in residential properties � Mokalake

Mokalake
Mokalake

The Minister of Lands and Housing Lebonaamang Mokalake has urged the private sector to invest in the residential property market and assist the Botswana Housing Corporation to build houses for Batswana.

Speaking at the BHC media workshop this week, Mokalake said it was important for private participation, as currently BHC does not get any annual subventions from the government to build houses.

“Usually BHC gets loans from the banks to build these houses and they have to pay back that money with interest,” he said, adding that they are currently sourcing some funds locally and internationally to be sustainable so they reduce the prices by 30 percent.

Editor's Comment
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