Cameroon Gov’t to Sell 1675 Social Homes in Yaoundé & Douala


Homes in Olembe (Yaoundé)

Homes in Olembe (Yaoundé)

The Cameroon Government has launched the sale of an initial 1675 social homes in Olembé (Yaoundé) and Mbanga-Bakoko (Douala). This is the result of a program to build and sell 10,000 social homes and the development of 50,000 building plots by the Real Estate Company of Cameroon or Société Immobilière du Cameroun (SIC) to Cameroonians at home and abroad. 

On Wednesday 18th September 2013, the Minister of Housing and Urban Development, Jean Claude Mbwentchou , officially launched the commencement of the sale of the first built 1675 homes in Olembé (Yaoundé ) and Mbanga-Bakoko (Douala ).

The social housing projects can be bought only by Cameroonians. It has to be duly noted that, the Cameroon Ministry of Housing and Urban Development will reserve some of the available units for Cameroonians in the Diaspora. Cameroonians can contact their various embassies for more enlightenment but are generally advised to visit the SIC website for all relevant information on homes for sale in Olembé (Yaoundé) and Mbanga-Bakoko (Douala).

Types of Homes on Sale in Olembé (Yaoundé)

Olembe is Located in Yaoundé at the northern entrance of the city, 5 minutes from the Presidency of the Republic. Home typesThere are 500 homes here for sale. 400 units of T4 and 100 units of T5 type homes.  T4 accommodations range from 99.30 square meters to 105.21 square meters, while the T5 accommodations range from 120.87 m2 to 122.89 m2.

Home Prices in Olembe (Yaoundé)

The Home prices in Olembe range from 18,256,000 FCFA to 23,098,250 FCFA (Approximately €27,831.09 to €35,213.06 or 37,614.75(US dollar) to 47,584.51 (US dollar) or 23,444.62 (British Pounds) to 29,665.74 (British Pounds).

Home prices in Olembe (Yaoundé)

18,256,000 FCFA – 23,098,250 FCFA

€ 27,831.09 – €35,213.06

$37,614.75 – $47,584.51

£23,444.62 (GBP) – £29,665.74 (GBP)

Types of Housing on Sale in Mbanga-Bakoko (Douala)

Mbanga-Bakoko is situated to the east of the city of Douala. There are 1175 homes here for sale…435 units of T4 and 740 units of T5 type homes.  T4 accommodations range from 89.90 to 96 square meters and 102.45 to 111.25 square meters for T5.

Home Prices in Mbanga-Bakoko (Douala)

The Housing prices in Mbanga-Bakoko range from 16,726,500FCFA to 20,832,000 FCFA (Approximately €25,499.38 to €31,758.18 or 34,465.79 (US dollar) to 42,927.64 (US dollar) or 21,476.02 (British Pounds) to 26,747.51 (British Pounds).

Home prices in Mbanga-Bakoko (Douala)

FCFA 16,726,500 – FCFA 20,832,000

€25,499.38 – €31,758.18

$34,465.79 – $42,927.64

£21,476.02 (GBP) – £26,747.51 (GBP)

Eligibility to Buy
To become a buyer, you must be a Cameroonian resident in Cameroon or abroad.

How to Buy

The housing can be purchased in cash or through a loan from the Crédit Foncier du Cameroun so far as the potential buyer is legally eligible to buy one of these accommodations.

Buyers must pay in full the total cost of the accommodation into an open account of Crédit Foncier du Cameroun (CFC) or by means of a loan from the Crédit Foncier du Cameroun. To be eligible for a loan from Crédit Foncier du Cameroun, the applicant must:

– be a Cameroonian by Nationality

– Justify a stable financial income

have a duration of residual activity for the full repayment of loans.

Potential buyers must submit applications to the Real Estate Company of Cameroon (SIC), comprising a number of documents and forms.

For further information, contact SIC or Crédit Foncier du Cameroon (CFC). 

Name 

Email

Phone

SIC – Yaounde

infos@logements.cm

(237) 22-22-92-48 / 22-23-49-90

SIC – Douala

infos@logements.cm

(237) 33-43-30-26

CFC – Yaounde Agency       

infos@logements.cm

(237) 22-23-37-82 / 22-23-52-17

CFC – Douala Agency

infos@logements.cm

(237) 33-42-90-38

SIC – Commercial Space

 

(237) 22-23-34-11