Aspindale Park offers mortgage finance
ASPINDALE Park is an official partner of Home-Style Bricks and encourages all the customers to build using their products as they are high quality and of guaranteed durability.
Aspindale Park has been accorded a certificate of compliance by the City of Harare for phase one of its development. This compliments the health and safety certificate issued for Aspindale Park by the Environmental Management Authority (EMA) at the beginning of their development in December 2016 prospective home seekers looking at investing in Aspindale Park can now access mortgage in finance and receiving title deeds for their investment.
The company’s multipurpose housing project is situated at the junction of High Glen road and Kambuzuma. The project comprises 1 200 residential islands measure between 200 square metres and 150 square metres as well as other mixed land uses painted at supporting the residents.
Aspindale Park whose first phase comprising 392 housing stands was completed in August, is offering world class living and working standards and services for health its residential and commercial clients. The assurance of title deeds means new customer can now apply for mortgage finance from any bank in the country, “Aspindale Park Project Manager Michael Swan said,
He added that his company, which has embarked on the second phase of the project is receiving numerous inquiries from corporates and individuals concerning the new 380 stands scheduled for the second phase
We are now working on completing the second phase of the projects by year end.
The first phase generated a lot of interest in people and many companies and individuals are inquiring about the next project as they look for housing solutions,” Mr Swan said.
Residential stands are selling at $85 per square metre inclusive of value added tax. A deposit of 10 percent is required and the payment plan is between 1 year and 5 years. Payment plans for mortgages range from 10 to 25 years. Some banks that offer mortgage finance in Zimbabwe include Stanbic, FBC Building society, ZB Bank, POSB and NMB among others.
Aspindale will also develop two schools, three churches, a clinic, retail space, two fuel filing stations and small to medium enterprises at the 56-hectare land that is secured through a property boundary – providing a safe haven for families to flourish in.
The commercial aspect will include establishment off a SME and industrial development commercial hub within Aspindale Park as it seeks to promote economic growth. Development of the commercial hub commenced early this year alongside the development of the residential stands initially with SMEs in the supply of building materials. Other retail services shall be incorporated at a later stage of development and these amenities will create massive scope for employment as well as investment opportunities.
SMEs are contributing significantly to the growth of the economy, contributing 70 percent of Zimbabwe’s gross domestic product as highlighted in the National Budget