This project is located in Harare, near the existing Marimba suburb and is expected to deliver 340 serviced stands, with 202 high density stands and 138 medium density stands. Site handover to the Contractor, Masimba Holdings, was done on the 3rd of May 2016 to facilitate commencement of site servicing works. Stands from the projects are all sold out. The total development cost for the project is estimated at US$2 million and as at 21 November 2016, US$1 million had been disbursed towards implementation of the project.
In the last quarter of 2015, the Bank issued its maiden Housing Bond of US$5 million through private placement to finance the development of two these housing projects, namely New Marimba Park in Harare and Clipsham Views in Masvingo. The projects are part of a broader intervention by the Bank in the housing sector where the Bank is focused on funding on-site and off-site infrastructure including roads, water and sewerage facilities and electricity.