Silver Star Tower Limited and Advance Construction and Development Limited have launched their second prototype Super Affordable Flat (SAF) at Lakeside City in Accra.
Described as smart and efficient, the residential flat is considered the game changer in Ghana’s affordable homes market. The efficient two bedroom residential flat is suitable for young families and comes with the latest Green Technology with features such as a 250 W Solar Inverter system, insulated roof with half plywood and felt paper, insulated and light superstructure of Concrete Wall System (CWS), roof water and surface water collection amongst others with the aim of reducing climate change and efficient energy usage.
Speaking to the media on the sidelines of the launch Mr Salah Kalmoni, Executive Director of Silver Star Tower Limited said affordable housing as described by GREDA, the market leader in affordable housing has one bedroom, a washroom, a living room, has net area of 45 square meters or more and costs $65 ,000. Mr. Kalmoni said the Super Affordable Flats give you more features at a cost of $33,000(GHC198, 000).He also challenged the banking industry to have available cedi mortgage of 12% or less.
Also present at the launch was Mr Patrick Ebo Bonful President of GREDA. In his speech he said the provision of affordable residential housing is as essential as the provision of home mortgage financing for same. He noted that the challenge in this part of our world is the low levels of income and that makes it impossible for applicants of home mortgage finance to qualify for a reasonable amount of mortgage loan. He charged financial institutions to make available affordable mortgage facilities.