HA RECORDS STRONG GROUND RENT COLLECTIONS

HA CUSTOMER BOUND FOR INDIA TREATMENT
April 16, 2012
Fiji Showcase Results
April 16, 2012

HA RECORDS STRONG GROUND RENT COLLECTIONS

A nineteen percent decrease in ground rent arrears was registered by the Housing Authority of Fiji by the end of the second financial quarter for 2011.

The details of which was released by chief executive officer, Alipate Naiorosui.

“In January, 2011 the Ground Rent owed by 11,600 customers stood at $3.12m and in April Housing Authority launched a new strategy by offering discounts to its customers which resulted in a record collection for the six month period being $0.5m”.

Since January, Housing Authority lending executives have contacted lease holders as well as written to customers advising them on the due dates for ground rent arrears payments and discounts offered which resulted in a $0.5m collection by the end of the second quarter.

Commenting on the financial results acting general manager Lending, Jagdish Prasad said, “A strong program that  encouraged customers to make payments was through the introduction of a one off discount rate that we introduced from April attracting a 5 percent discount. The discount continued through May with customers receiving a 4 percent discount until the end of this month with customers making use of the 2 percent discount”.

The ground rent arrears now stands at $2.63m and the Housing Authority is urging its remaining lease customers to contact its offices to settle the outstanding arrears and avoid legal action, lease cancellation or being referred to the Data Bureau.

Housing Authority has several payment options available to its customers through its five branches located around the country, the banks and recently through Digicel Mobile Money and Vodafone M-PAiSA which is a free service.