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Affordable Housing - Olievenhoutbosch, Pretoria, South Africa

Affordable Housing

Olievenhoutbosch

Pretoria, South Africa

25º 53'46.40" S

28º 06'22.28" E

Architect: Sue Kemp

Engineer: Hannes Claassen

Contractor: FinnBUILD

Construction Client: Private Individuals

In 2007, ABSA DevCo commenced the development of Olievenhoutbosch as an integrated housing development to give practical support to the policy of the South African Minister of Housing, Dr. Lindiwe Sisulu who wanted to see communities of subsidy housing and social housing (rented accommodation for families that earned too much to get a subsidy house, but too little to qualify for bank loans), integreted with bank financed affordable housing.

Once the 3 500 subsidy houses and 500 walk up social units had been completed, DevCo began selling off vacant land earmarked for affordable housing development to developers such as ourselves.

The most important part for FinnBUILDER of this flagship development, was that we would be building side by side with brick and conventional building systems. We needed to establish whether housing consumers would choose a FinnBUILDER home in preference to a brick and mortar home if both were selling for the same price.

Five house designs were selected from Sue Kemp, Architect which catered for a 50 m2 home, a 55 m2, a 60 m2, an 80 m2 and a 95 m2 to appeal to as wide a cross section of the target market as possible.

The selling phase then got underway and we found that there was nothing less than ferocious demand for the houses. The bond approval process however, proved difficult with 60 to 80% of the applications being declined.

The building phase then commenced and some 75 FinnBUILDER homes have been completed. The houses are structurally sound and show no signs of cracking or other flaws that are common in this market sector. As a result, owners find that the houses require less maintenance and are satisfied with their investment. Most importantly of all, we were pleased to see that housing consumers generally had a preference for the FinnBUILDER houses as apposed to conventional brick and mortar homes. They commented that the FinnBUILDER houses were obviously stronger and liked the fact that the external walls were 220 mm wide against the 140 mm wide maxi brick used by the conventional builders.

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Licenced Finbuilder Contractor
 New Build is a Licenced FinnBUILDER™ Contractor and
Registered NHBRC Home Builder
a registered Home Builder with the National Home Builders Registration Council.

 

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