Today marks the beginning of a three-month competitive offering by National Housing and Construction Company Ltd (NHCCL) that will allow more Ugandans to own homes in organized environments.
The new UGX 200,000,000 quality campaign dubbed ‘Quality Homes for a Bold Future’ was launched at the Jasmine Apartments – Naalya, a NHCC development suited for modern living.
The campaign, aims at creating value for new home buyers by offering premium start-up home furnishings valued at UGX 20,000,000 to up to 10 winners within the next three-months.
National Housing and Construction Company is bringing awareness about their already existing partnerships with financial institutions to make the dream of home ownership a reality for Ugandans.
Available properties for sale include; Jasmine Apartments Naalya (3 Bedroom: UGX 437M and 4 Bedroom: UGX 481M) Impala Estates Namungoona (3 Bedroom: UGX 290M) and the Rwizi View Apartments Mbarara (2 Bedroom: UGX 199M and 3 Bedroom: UGX 299M).
“We pride ourselves in delivery of quality state-of-the-art housing developments that have over the years shaped the housing trends and settlement patterns within Kampala and major towns across the country since 1964. Iconic developments like the crested towers building, Bugolobi Flats, Bukoto flats, Nakasero flats, Wandegeya flats, the Naalya Estate, sunset apartments Kiwatule, Regina estate Lubowa to mention but a few, have defined and shaped the real estate arena in Uganda,” Eng. Kenneth Kajuka, CEO NHCCL said.
Kajjuka also added that over the years, the majority of the banks in Uganda that offer mortgage facilities have serviced so many of their clients who have purchased homes and properties with them and this campaign is no exception. Some of these banks include; Stanbic bank, Housing Finance, Standard Chartered Bank, DFCU, Bank of Africa to mention but a few. NHCCL sales representatives shall be present at some banks, select malls and supermarkets to further explain how Home Purchase Payment Schemes work.
All NHCC property can be purchased through 4 flexible options as explained below;
Option 1: Outright Purchase: Under this option the purchaser shall pay 100% of the purchase price on offer.
Option 2: Phased Payments: Under this option the purchaser shall pay 20% of the purchase price as the initial deposit. The difference shall be paid in installments within 36 months.
Option 3: Rent-to-Own Scheme: Under this scheme, the buyer makes a 50% down payment of the purchase price and the balance is amortized within a 3 year period. This is specifically for properties that are not under the construction or development stage.
Option 4: Mortgage Payment Through mortgages, buyers can identify a bank of their choice and negotiate terms. The bank then pays NHCC the total purchase price or the amount agreed.
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