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The government of Seychelles will be building smaller housing units for its citizens allowing for more units to be built for the same price under its revised housing and land policy
The government of Seychelles will be building smaller housing units for its citizens allowing for more units to be built for the same price under its revised housing and land policy. The principal secretaries for land and housing revealed that reducing the average size of existing housing units will allow the government to build 342 more than projected on the same budget. At present, the average size of a three-bedroom unit is 93 square metres at a cost of SCR 837,000 (US$ 57,984). Upon reducing the size to 81.5 square meters, the cost can be brought down to SCR 733,500 (US$ 50,814).
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The government officials said that at present 2,000 houses could be built at a cost of around SCR1.6 billion (US$111 million) but with the reduction in size, the government would be able to build 2,342 for the same amount. This would help in making better use of available land.
All applicants once they have met the application criteria would need to demonstrate a minimum financial ability of SCR 1.2 million. Financial ability will not be restricted to main applicants and co-applicants. Other interested parties, such as parents can assist with financing based on a defined mode of commitment. Under the reviewed policy, the allocation of land will be on a national level and not at district or regional levels. This will mean that clients will have to pay more for that land.
