CoW competes 38 building plans worth N$48.7 million in January

By: Hertha Ekandjo

The City of Windhoek has completed 38 building plans worth N$48.7 million in January 2025 representing a 22.6% year on year (y/y) increase in the number of building plan completions and a 2.7% y/y increase in the total value of building plan completions.

This displays a twelve-month 72.2% y/y increase in the number of building plans completed, as well as a 9.0% y/y increase in value terms.

According to IJG Namibia, a total of 74 building plans were approved, reflecting a moderate increase relative to the 72 approvals in January 2024.

The total value of these approvals was N$47.0 million, translating to a 12.1% y/y decrease in value. However, the twelve-month cumulative trend reveals a 5.1% y/y increase in the total number of building plan approvals and a substantial 45.1% y/y rise in the value of total building plan approvals.

IJG`s Building Plans January 2025 report noted that during January, a total of 61 building plans were approved and valued at N$20.2 million.

This represents a 22.0% y/y increase in the number of additions approved and a 134.5% y/y increase in the value of these additions. On a month-to-month basis, the number of building plan additions declined by 43.5% relative to the 108 additions approved in December 2024.

The value of these approvals fell by 30.4% when compared to N$29.1 million in December 2024. The twelve-month cumulative figure in the number of building plan approvals increased by 8.6% y/y and the value of these approvals rose by 16.7% y/y.

Moreover, in the reporting month the data for residential building plans showed a total of 13 approvals, valued at N$26.8 million, marking a 31.6% y/y and 36.0% y/y decline in number and value terms, respectively.

On a month-to-month basis, the number of residential building plan approvals declined by 53.6%. The twelve-month cumulative figure shows that the number of residential building plan approvals declined by 7.3% y/y, but the value of these plans rose by 73.8% y/y.

Additionally, nine residential buildings with a value of N$18.4 million were completed, marking a 43.8% y/y decrease in the total number of residential buildings completed, while the value these completions remained unchanged from the N$18.4 million witnessed in January 2024.