New Subdivisions on the Rise

Oct. 3, 2017, 6:22 a.m.

Housing Authority of Fiji

ABOUT 400 new lots will go on sale in January, as part of the Housing Authority of Fiji’s new subdivision in Matavolivoli, Votualevu.

Other major development will see 100 lots ready for settlement at Koroisalusalu in Tavua and upcoming subdivision in Nepani, Suva next year.

By 2018, further lots will launch with about 100 in Volivoli, Sigatoka, 400 at Davuilevu near Nausori and 400 in Tavakubu, Lautoka.

Additionally, over 800 lots are underway for settlement by 2019 at Veikoba, while plans for 200 new lots at Tacirua (Suva) have been put on hold pending a legal ruling on squatters in the area.

Subdivision development in Tacirua commenced in 2009 with the first lots sales of 81 high end lots in 2012, which allowed HA to subsidise and reduce the lot costs to lower -income buyers for other phases.

By last year, a further 166 lots were sold at Phase 3A of the subdivision, alongside 340 lots in Phase 1A, which averaged $35,000 per lot, with some selling for as low as $18,000 with a portion subsided by HA.

Their target market are customers whose combined annual income isn’t more than $50,000, and encourages buyers to build as soon as their land loan is settled. Buyers are also urged to merge their land and house loans for an extension of the loan term, of up to 25 years.