• Contact Us
  • About Us
  • Advertisement
  • Privacy & Policy
Friday, July 11, 2025
SUBSCRIBE
The Brief | Namibia's Leading Business & Financial News
26 °c
Windhoek
22 ° Wed
25 ° Thu
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
  • e-edition
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
  • e-edition
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
Subscribe
No Result
View All Result
TB image banner 750x140
Home Companies Property

Windhoek approves 421 plans worth N$535.8m in Q1 

by editor
May 10, 2024
in Property
257
A A
11
SHARES
5.2k
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

The City of Windhoek approved 421 building plans worth N$535.8 million in the first quarter of the year, reflecting a decrease of nine plans compared to the first quarter of 2023.

You might also like

Household debt rises by N$109m in April, driven by mortgage growth

Windhoek building plans plunge by 87% in April

Swakopmund leads building completions worth N$86.8 million in March

The number, however, marks a significant 171.5% year-on-year increase in value from the low base of the first quarter of 2023. 

This comes as the pipeline for construction activity in Windhoek picked up in March.

“A total of 184 building plans were approved in March, representing an 11.5% m/m increase compared to February’s figure.  The value of approvals increased by 56.3% m/m and 186.8% y/y to N$294.1 million,” said IJG Securities. 

According to IJG, the average time-lapse for approved applications was 182 days. The number of applications submitted to the City of Windhoek decreased by 2.2% month-on-month, resulting in a significant 29.7% year-on-year decline in submissions.

The number of building plan approvals in March exceeded that of the prior four months. Despite this, Windhoek saw a 60.0% y/y drop in buildings completed, falling from 75 in March 2023 to 30 in March 2024. 

“The completion of five commercial buildings, valued at N$28.0 million, nine additions at N$5.2 million, and 16 residential buildings valued at N$22.4 million, equated to the total value of completions of N$55.6 million,” said IJG.

On the other hand, 150 additions to properties were approved in March worth N$89.6 million.

This indicates a 21.0% month-on-month and 10.3% year-on-year increase in the number of additions in the pipeline compared to last March. Additionally, there was a substantial 165.1% year-on-year increase in the value of these additions. 

“March saw the approval of 32 residential units, a decrease of 11.1% m/m and 30.4% y/y. A total value of N$200.5 million of residential units were added to the pipeline in March, which is 440.2% higher month-on-month and 311.3% higher than during the same month in 2023,” said IJG on residential units.

author avatar
editor
See Full Bio
Tags: building planscommercial buildingsconstructioneconomynamibianamibia newswindhoek
Share124Tweet78Share22
Previous Post

Private sector credit dips by 65.7% year on year to N$1.44bn

Next Post

GIPF still pondering on oil and gas investments

Recommended For You

Household debt rises by N$109m in April, driven by mortgage growth

by reporter
June 3, 2025
0
Household debt rises by N$109m in April, driven by mortgage growth

Namibia’s household debt increased by N$109 million in April to reach N$68.8 billion, driven mainly by growth in mortgage credit, even as overall consumer borrowing remained restrained due...

Read moreDetails

Windhoek building plans plunge by 87% in April

by editor
May 20, 2025
0
Windhoek building plans plunge by 87% in April

Windhoek recorded an 87% month-on-month decline in the value of approved building plans in April 2025, dropping from N$1 billion in March to just N$145 million, according to...

Read moreDetails

Swakopmund leads building completions worth N$86.8 million in March

by reporter
May 15, 2025
0
Swakopmund leads building completions worth N$86.8 million in March

The Namibia Statistics Agency (NSA) reports that the total value of buildings completed in Namibia surged to N$86.8 million in March 2025, with Swakopmund accounting for the largest...

Read moreDetails

GCR upgrades Oryx Properties’ credit rating

by editor
April 29, 2025
0
GCR upgrades Oryx Properties’ credit rating

Global Credit Ratings (GCR) has upgraded Oryx Properties Limited’s national scale credit rating to BBB+(NA)/A2(NA) with a stable outlook, citing the company’s improved financial metrics and the successful...

Read moreDetails

FNB Collective Buying: A New Path to Property Ownership

by editor
April 28, 2025
0
FNB Collective Buying: A New Path to Property Ownership

In the final episode of The Property Buyers Guide, Justina Hamupembe—aka YourHomeGirl—sits down with Rolandi Van Wyk, FNB Home Loans Growth Manager, to explore FNB’s brand-new home loan solution: Collective Buying....

Read moreDetails
Next Post
GIPF still pondering on oil and gas investments

GIPF still pondering on oil and gas investments

Related News

Helena Mootseng appointed NCCI Interim CEO as Charity Mwiya’s term ends

Helena Mootseng appointed NCCI Interim CEO as Charity Mwiya’s term ends

October 8, 2024
Namibia ready to partner with EU to meet its carbon goals

Namibia ready to partner with EU to meet its carbon goals

October 24, 2023

Namibia set for N$$20bn EU investment in new strategic partnership

October 25, 2023

Browse by Category

  • Africa
  • Agriculture
  • Analysis
  • Business & Economy
  • Columnists
  • Companies
  • Finance
  • Finance
  • Fisheries
  • Green Hydrogen
  • Health
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • namibia
  • Namibia
  • News
  • Opinions
  • Property
  • Retail
  • Technology
  • Tourism
  • Trade
The Brief | Namibia's Leading Business & Financial News

The Brief is Namibia's leading daily business, finance and economic news publication.

CATEGORIES

  • Business & Economy
  • Companies
    • Agriculture
    • Finance
    • Fisheries
    • Health
    • Property
    • Retail
    • Technology
    • Tourism
    • Trade
  • Finance
  • Green Hydrogen
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • namibia
  • News
    • Africa
    • Namibia
  • Opinions
    • Analysis
    • Columnists

CONTACT US

Cell: +264814612969

Email: newsdesk@thebrief.com.na

© 2025 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Companies
  • Mining & Energy
  • Business & Economy
  • Opinions
    • Analysis
    • Columnists
  • Africa

© 2025 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.