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Oromia International Bank, which participated in the 40/60 condo shop tender offered 171,005 birr for one square meter to buy 155.9 square meters of land for a single shop located at Senga Terra. The bank will pay 26.659 million birr to the Addis Ababa Saving House and Development Agency after it signs the contract. This price is the estimated cost for the entire building.
Selmawit Kahessay offered the second highest amount at the tender by offering 171,001 birr per sqm to buy two condo shops in Senga Terra which have areas of 108.7 and 86.7 square meters. Selamwait will pay 33.4 million birr to the Enterprise for the two shops.
The first of its kind 40/60 condo shop tender was opened from last Tuesday through Thursday and attracted 4,200 people. However, only 858 of them made actual bids on the condo spaces.
A total of 305 condo shops were prepared for tender. The floor price was 19,634 birr per square meter and the minimum price given at the tender was 19,673 birr per square meter.
Most of the winners offered between 30,000 to 40,000 birr per square meter. Some of the vhighest prices were offered by the banks.
The shops are located in G+12 and G+19 buildings in Senga Terra and Crown sites on the ground, first and second floors. From the shops 110 of are found in Senga Terra and the remaining are in the Crown sites.
They are from 62 to 155sqm and have communal toilets, marble stairs and emergency exit doors.
A water tanker which can hold 300 liters, a common satellite antenna, an eclectic and telecommunication line are also being installed in the shops.
The area also has a parking lot for 80 vehicles on each block. This shops were constructed together with the 972 houses that were recently transferred to the winners of the 40/60 condos.
Currently, 39,000 condominium units are under construction on 12 sites and 18,000 are expected to be completed in one year. They are located in Gerji, Bole Bulebula, Hayat Meri and Summit. More than 139,000 people are on the list for these houses. Last week Capital reported that Ambasel Trading House PLC, a subsidiary of TIRET development organization, which exports agricultural products, offered the highest price,72,800 birr per sqm, during a tender auction for A 20/ 80 condo shop located at Ledeta.