A lot of individuals who had gathered at Hotel Delipol to be entered in Key Housing Finance Solution’s lottery to win apartments fell silent at around five in the morning.
Even though there was a less than 0.03% chance of winning the house in today’s lottery, hundreds of individuals who had signed up for it were eager to find out who would win because they were watching the draw live on social media.
Even though there was a less than 0.03% chance of winning the house in today’s lottery, thousands of individuals who had signed up for it were eager to find out who would win because they were watching the draw live on social media.
Finally, a random selection process was used to select the sixty winners of the computerised lottery developed by Addis Abba University. Remarkably, out of the sixty victors, only one woman ,Yemisrach Assnafae , was in the hotel lobby; the others were on Facebook, watching the lottery draw. They will surely be informed of the unexpected news by the firm.

Over 18,000 people have registered for this housing scheme, and the business has held its first lottery since it launched in August of last year.
Six months from now, a second round draw is scheduled, according to Key Housing Finance Solution.
The lotto was open to those who signed up by the end of December of the year prior and took part.
Among the sixty apartment complexes, thirty have three bedrooms, twenty have two, and the remaining ten have one. 15,389 people in all were chosen to play the lottery.
The Piassa, Garment, and Hyatt flats are the ones that have been drawn.
As part of the lottery draw process, Key Housing plans to start building apartments, according to CEO Groum Yilma.

“It is not enough to buy apartments and prepare for the lottery. We currently have over 18,000 people on our register list, and over the next ten years, we hope to deliver 100,000 homes. Therefore, if we don’t develop any, it will be challenging to take so many houses off the market.There are far too many people in need of accommodation in the city. We need to work very hard and start developing houses in order to provide more housing.”

“More homes will be picked in the second round of the lottery; we drew 60 in the start. ” He added .
The Piassa, Garment, and Hyatt flats are the ones that have been drawn.
Homebuyers at Key Housing pay an upfront payment of 77,280 birr, as well as 2,672 birr for five years of insurance and monthly savings beginning at 2,000 birr and extending for 30 years.
In the house, there are one, two, and three bedrooms. Registrants are required to deposit 2,230 birr for a one-bedroom, 2,730 birr for a two-bedroom, and 3,730 birr for a three-bedroom, until they receive the house.
A one-bedroom flat cost 300,000 birr, while two- and three-bedroom apartments cost 550,000 and 800,000 birr, respectively, for the lucky people who received lots after the houses were built.

The subscribers open a closed savings account at Dashen Bank and receive insurance from Buna Insurance.