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Housing Project 2013 – The latest PFDJ scam

The PFDJ junta is advertising the sale of housing units in three sites around Asmara, (1) Halibet, (2) Sembel, and (3) Space2000. These sites will comprise of 1048 modern apartments, 376 residential houses, and 256

The PFDJ junta is advertising the sale of housing units in three sites around Asmara, (1) Halibet, (2) Sembel, and (3) Space2000. These sites will comprise of 1048 modern apartments, 376 residential houses, and 256 business units.

What is the catch?

The junta needs money. They need it NOW. In the past they promised similar projects for single, duplex, and quadruplex homes, but failed to deliver (actually there was no genuine attempt made to deliver any). Many citizens paid in full in advance something unheard off in the free World for either homes or land; these are besides the war and government bonds that have simply vanished into thin air. In order to make themselves credible they have innocuously and casually mentioned that the few people who have paid in other projects (single residential houses, land, government and war bonds) in the past and did not receive any yet can make their claims or transfer their investments into these new units in the latest scam. This means one pays for a single home and receives an apartment unit in a congested residential complex, in the USSR style. To these thugs anything and everything goes they do not make any distinctions in what they say or do to the people.

Who is going to construct these homes?

None of these homes are going to be constructed; it is not in the plan at all. There are no engineering, contracting or constructions firms in the country that can handle, let alone these gargantuan and complex projects, they the existing PFDJ junta owned firms cannot even fix or remodel the existing government and privately owned buildings that are falling apart throughout the Capital. Many of the engineers, architects, construction contractors, subcontractors, and skilled personnel have already fled the country, or they are held incommunicado, maybe some of them might still be in Issaias’ Gulags. They can NOT afford to give these projects to the South Koreans again maybe the North this time as we shall see below.

How much revenue will they produce? What are the profits of the PFDJ?

Fool me once, shame on you; fool me twice, shame on me

Fool me once, shame on you; fool me twice, shame on me

 

 

 

 

 

 

 

 

 

In order to maximize their profits the labor component of the construction will be handled by inmates from the Gulags and conscripts from the endless military service (Issaias Afewerqi’s self reliance). Since the great PFDJ donor Muaammer M. Al Qaddzafi does not exist anymore, therefore skilled labor and professionals (engineers and architects) will have to be procured from other repressive, soul, and guileless Nations in the OF form Developmental AID (so much for self-reliance). Candidates include low-cost-professionals from North Korea, China, or Iran in that order. Given these possible scenarios then the PFDJ thugs will construct these unites to the tune of at least $291 million USD or 219 million Euros of pure profits to wage their endless wars and payoff their massive proxy armies.

What are the hidden expenses and liabilities to the new homeowners?

In the tradition and nature of the PFDJ, the ultimate goal is to make money and have the leverage to extort more. Since ‘self reliance’ to the head of the PFDJ, Issaias Afewerqi, is to con, steal, cheat, rob, beg, starve the people and reduce the country to rubble then they have to target the weakest people in Eritrea, PFDJ members and their sympathizers.

From the mouth of the beast we read that, “Potential buyers are nationals who have fulfilled their national obligations.”

These are the suckers who chant, “he is us and we are him”. These are those who have an updated list of receipts, continue to pay up the 2% remittance tax, and the other numerous forced PFDJ designed “People’s Pledges”.

And maybe some who are gullible and naïve with minimum or limited faculties of human accessories.

What are the other swindling ploys of the PFDJ?

Buyers are expected to make an upfront payment of 25% of the total price of their units as a deposit and are expected to completely payoff the rest of the cost within a stringently TWO short years. Why the rush? Well the Eritrean people are not people to the junta but low level subjects, thus they do not deserve the respect and protection guaranteed to citizens of a civilized nation. And this project is not meant to provide service to anyone nor is it carefully planned in its logistical and economic feasibility. It is a ploy to extort immediate cash from the junta’s subjects for other ventures in the grand scheme of things still unveiling themselves.

What does the 25% upfront deposit of the total sales price and the rush to completely payoff the total cost in two years provide the junta? This warrantees them an immediate liquid cash of $73 million USD or 55 million Euros just during registration, without raising a finger. Does completing the remaining payment of $212 million USD or 156 million Euros in the next two years close the deal? Not a chance.

The next phase of the conning ploys is guised under the auspices of utilities connection expenses and cost overruns. The former are expenses for connecting sewer pipes or centralized cesspools, installing electrical step-down transformers and cables, connecting to the municipal aqueducts, extending asphalt or dirt roads to the units, and finally inclusion of garbage collection routes. This utilities phase will later be an excuse to come up with an additional cost overrun tag that will be incurred on the buyer’s homeowner deed. By this time the cost of these homes will jump up from 50% to 100% more; the typical past experience of previous buyers from the same PFDJ developer is that people were charged an extra $75,000 USD for a deal originally closed at $150,000 USD hiking the final price to $225,000 USD, an increase of 50%. This in return generates the juntas extra revenues and the total will jump to $509 million USD or 383 million Euros.

The ‘silver lining’ is in the final phase and the knock-out blow where the dazed buyer is placed and connected to a funds sucking intravenous tube permanently. This is when the real PFDJ game begins. Buyers will be requested to provide documentation of their 2% remittance receipts going back to 1992. This will be immediately followed by requests of “numerous PFDJ set-up pledges” ranging in titles from (1.) pledge to fund national defense, (2.) pledge to assist war disabled, (3.) pledge to assist families of martyrs, (4.) pledge to assist orphaned children, (5.) pledge to house war veterans, (6.) pledge to assist war veterans (7.) pledge to fund soil & water conservation, (8.) pledge to education funds,…etc.,. All these pledges have a minimum lower bound and buyers will be encouraged to top other people’s pledges in order to expedite the completion of the construction of their homes. The muscle of this leverage has proven to be successful in previous projects to the PFDJ junta, where many buyers regretted ever buying a home. This latter step by itself is the real bread and butter of the regime to fund and sustain its control of both its subjects (the masses) and its ruses (the veterans, martyrs, disabled, orphans, etc.,).

Please, be careful and inform friends and relatives.

I am my brother’s keeper.

N.B.: All the cost analysis are made at the lowest level in the PFDJ’s GREED scale. I expect them to charge much more than my estimate, multiply my figures by the correction factor of “k = between 1.75 to 3.75”.

Yonas Ghebregzi

 

 

aseye.asena@gmail.com

Review overview
47 COMMENTS
  • ERITRAWIT August 17, 2013

    ESAIAS please give our people basic thing electricity, clean water,bread,job and peace most and must open the over 300 prison cage shella,under,container, villas etc…. u time is coming forget about selling more land what about the people they bought 10years ago? no land what about the people u stop them half way? shifta medenageri.

  • Kombishtato August 17, 2013

    If you have forgotten the lessons of the people who lost their money in HGDEF schemes of bond, shares and land in Qehawta, Sembel and Paradiso before, then go ahead throw your money. According to the current fraudulent scheme each house costs 80,000 Euro.

  • Yerhiwo August 17, 2013

    This is going to be a grand scam by the evil regime! At this time, Eritrea can’t even provide pure water and electricity to its people. Asmara is now dirty and dark under HGDEF mafia regime that is owned by one man (Isaias, Wedi Medhin Berad) and his aids Monkey and Kisha…who happen to be originally from Tigray. Watch out gullible eritreans and HGDEF supports, don’t give your “welfare” saved money to these criminals. As you read in the article, people paid a lot “welfare” money from Europe to buy houses, but HGDEF did not deliver houses before and will not deliver in the future.
    Mind you people, HGDEF is in the last phase of death. Mafia Isias Afwerki and his evil aids are preparing to flee with this money to Juba or Dubai. Don’t fool down…HGDEF can’t fix old buildings or roads in Asmara or provide basic necessity to its own people.

  • K. A August 17, 2013

    They are just dreaming. The only solution is to get Isayas and his junta once for ever out of the face of our beautiful country. Enough is enough. No more PFDJ.

  • temesgen August 17, 2013

    hard to believe, but there it is. Greed with no bounds. This scheme targets the converging interest of the selfish potential buyers and the ruthlessly calculating monster. Good luck deki eery!

  • abdu August 17, 2013

    Well; the twice called by the dictator to invest in to the country even to the followers was failed; Bcz. of first; they aren’t truest worth and also the remaining a few followers have seen and heard deception to the people who already hold a bound over ten ten years ago which are (Kumar tebaliom and they’ve been told nedka mai weredela) . and Secondly; let us not forget the 2% money generator machine is not ringing the same as used to it’s shrinking Bcz. of it’s illegality in most western country they closed or they will eventually ; and they seen it’s got no business any more. So; what they r trying to do now is to just give it a try to see if there are a few people who are soundless sleep and to be cheated & deceive .
    And; don’t forget those are criminals who don’t have mercy . So; they are just looking any kind of victims.

  • abdu August 17, 2013

    Imagine those dictators they don’t even care about life ; do you think they care about your money I doubt .

  • Nurhussen August 17, 2013

    Vampiar is thirstiy to suck a blood ;Hanefnef yeblaalwo to grab dollor.hahahahahah

  • Kalighe August 17, 2013

    In the last ten years, the PFDJ has looted the whole country. It’s engaged in smuggling across the border with Sudan, Yemen and Saudi Arabia. It runs illegal businesses in three East African countries (Kenya, South Sudan and Uganda). So, who is going to put his/her money in the hands of a cruel mafia ?. Hundreds of people who have homes in Asmara, but residing abroad, are really suffering, because wherever the Embassies call them to contribute money, cannot afford to say no.
    The extortion start as soon as you make the initial payment to get a home, and can go on for years.

    • Said August 18, 2013

      this is the right of looking at it mr. kalighe I now that u come wisdom.

  • ahmed saleh August 18, 2013

    Recently my friend from Ethiopia approach me for advice . His mother in Addis encouraged him to invest on real
    estate because they have project to build houses some reserved for their people in diaspora.
    After we do the calculation ; to finish his mortgage within 10 years may cost me more than 25 yrs in my own country
    and not only that also with no conviction of guarantee but taking a risky gamble to deal with broker(hgdf), contractor
    (hgdf), Builder(hgdf), lawyer(hgdf), Judge(hgdf) , Governor(hgdf) . At the end , poor me CRY BABY .

    • samuel August 18, 2013

      ሰላም ኣሕመድ!
      እቲ ብዛዕባ ናይ ኣዲስ-ኣበባ ዝበልካዮ ትኽክል እዩ። 3 ክፍሊ ዘለዎ ገዛ፡ ብዘይካ ሽቃቕ፡ ባኞ…፡ እቲ ዝኸበረ እዩ። ዳርጋ 300 ዩሮ ኣብ ወርሒ ክትከፍል ትጽቢት ይግበር። ብተወሳኺ፡ እቲ ኣፓርትመንት፡ ንዲያስፖራ ጥራሕ ኣይኮነን። እቶም ኣብ ኢትዮጲያ ዝቕመጡን፡ ዓቕሙ ዘለዎም እውን፡ ይምዝገቡ ኣለዉ። 386 ሽሕ (ዳርጋ 17 ሽሕ ዩሮ)እንተደኣ ሃሊዩካ፡ ብዓል ኣፓርትመንት ክትኸውን ትኽእል ኢኻ። ትሑት ዓቕሚ ንዘለዎም ድማ፡ ብዓል ክልተ ክፍሊ፡ ብዓል ሓደ ክፍሊ እናተባህለ፡ ሰብ በብዓቕሙ፡ ይኸፍል ኣሎ። ኣቐዲሙ እውን፡ ንድኻታት፡ 10/90፡ 20/80 ካብ ሓደ ሚሊዮን ህዝቢ ንላዕሊ ተመዝጊቡ ኣሎ።
      ናይ ሻዕቢያስ ንበይኑ እዩ። ተዛሪብካን ጽሒፍካን ዝውዳእ ኣይኮነን። “እቶም ኣብ ወጻኢ ዝቕመጡ፡ ዘይ ሬሳኦም ጥራሕ እዩ ዝመጽእ!” ዝመስል ኣዛራርባ’ቲ ወዲኒ ቅድሚ ሕጂ ዘይተሰምዔ ኣይኮነን።
      ሰላም

      • ahmed saleh August 18, 2013

        Thank you Samuel
        I do not want to go in detail to misinform readers because I do not have proof to what he said to me . Now
        I believe him to the $ 3oo dollars monthly payment requirements . In fact , I encourage him to finish within
        five to seven years because his hard worker disciplined person . Thanks again .

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