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167 leases ready in 'shortest' time

Avinesh Gopal
Sunday, January 19, 2014

THE Housing Authority will soon start selling 167 lots that it has developed on iTaukei land.

With the assistance of the iTaukei Land Trust Board, the authority was able to efficiently complete the lease preparation process for its Tacirua East Subdivision Phase 3A.

"The signing of these leases represents a major breakthrough in terms of the land development and selling process," said Housing Authority's CEO Alipate Naiorosui in a statement.

Mr Naiorosui said the process could not have been made possible without the tremendous assistance of the TLTB.

"This is a change to streamline the process where for the Tacirua project, TLTB will no longer issue leases directly to the customer to facilitate and expedite the sale process.

"It will be a transfer from the authority to the customer. It has come at a cost but it will greatly assist HA, TLTB and customers in purchasing iTaukei land lots developed by HA.

"TLTB formed a special team to prepare these leases and they have worked tirelessly to have them ready in the shortest possible time," said Mr Naiorosui.

The authority said another advantage of this new approach was that it would greatly assist in facilitating loan requirements for customers who were intending to seek assistance from commercial banks and other financial institutions.

A HA statement stated the price would be finalised soon, with the majority of the lots zoned Residential B, adding the sizes of the lots are 600 square metres and above.

It states a few utility issues are yet to be completed before the sale of the 167 land lots commences sometime in February.

The third phase, 1A, comprising of 467 lots is being targeted to be ready by March. Phase 1B with 81 lots was completed in July, 2011.