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Building Expo sees over 1,200 prequalified for housing loans – Dr . Luncheon
More than 1,200 potential homeowners are now prequalified to access loans to erect their houses, courtesy of the interactions with financial institutions at Guyana’s fourth International Building Expo, says Dr. Roger Luncheon, Cabinet Secretary.
Dr. Luncheon, during his post-Cabinet press briefing at the Office of the President, on Thursday said that the exposition also attracted over 4,000 registrants for moderate to low income house lots.
Flashback: Potential homeowners at Housing Ministry booth.
According to Dr. Luncheon, Housing Minister Irfaan Ali in his report to Cabinet highlighted the overwhelming evidence of the exposed success and its potential on engaging in the harmonization of the efforts of all stakeholders in the housing sector.
The Ministry of Housing hosted its fourth International Building Expo over the last weekend. That event attracted over 60,000 patrons and more than 100 exhibitors including companies in the building and construction sector, financial sector, home décor, hardware and food sector. They transformed the tarmac of the National Stadium, Providence, into a true market place. Foreign companies from the United States of America, Canada, China, Brazil and Malaysia also participated.
According to Dr. Luncheon, “Among the firms from the international community that were there he identified two such companies that indicated their intentions of opening factories in Guyana to produce building construction units and subunits.”
The centre piece of the exhibition, “Silica City”, gave the public a hint of what the new urban centre would look like at Kuru Kururu on Soesdyke/Linden Highway. With limited land space on the coastland, the Ministry is now tasked with opening up other areas in the country. However, to ensure housing and jobs are available Government wants “Silica City” to have residential and industrial developments simultaneously.
Dr. Luncheon said the Minister’s report place particular attention on “Silica City”- the novel plans to build on the Soesdyke/Linden Highway.
“The plan was well received and feedback extremely positive and indeed a report that consolidated that feedback would now be used for public consultation on the establishment of Silica City,” he said.
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